The United States economy continued its sluggish pace in the fourth quarter of 2016, posting an anemic 1.9 percent growth rate. Overall, the economy grew at a rate of only 1.6 percent for 2016, the lowest rate of growth for the U.S. economy since 2011.View post
Although President-elect Donald Trump has pledged to cut federal taxes, state taxes are rising across the U.S. as financially strapped states search for funds to repair deteriorating infrastructure and close widening budget shortfalls. In their search for revenue, states have targeted everything from e-cigarettes to lottery winnings.View post
In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007.
Economists were expecting the rate to be unchanged from October’s 4.9%.View post