Wholesale Inflation Flattens in June as Companies Cope With Tariffs Wholesale prices were unchanged in June, surprising economists who were expecting to see a modest increase. The Producer Price Index also showed wholesale inflation slowed annually. read more
The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more
Trump tariffs live updates: Former 1st world nation Canada struck with 35% tariffs, Trump floats higher blanket rates read more
The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration. The Labor Department's jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May " while the number of foreign-born workers has declined by more than 543,000 jobs since January. By contrast, the number of U.S.-born workers increased by 830,000 from May to June, and is also over 2 million higher than when the second Trump administration began in January. read more
US labor market adds 147,000 jobs in June while unemployment falls to 4.1% read more
"Do you even read your own articles?
#4 | Posted by jpw"
Was inflation flat? Yes it was -------. So, go cherry pick your argument and look like a ------- as usual now.