Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
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Federal Reserve Target of Chinese Spy Program
Senator Portman warns of economic espionage. Senator Rob Portman of Ohio released a minority staff report for the Homeland Security and Government Affairs Committee that details how the…
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Secretary Raimondo Appoints Business in Africa Council
24 members to serve a two-year term as advisors. Last week, the Department of Commerce announced that Secretary Gina Raimondo has appointed 24 members to the President’s Advisory…
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Unemployment Claims Reach Eight-Month High
Federal Reserve rate hikes may be causing the labor market to slow down. The number of new applications for unemployment benefits increased by 7,000 last week to 251,000,…
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President Appoints Presidential Emergency Board
Executive board to assist in negotiations between freight rail carriers and unions. President Joe Biden issued an executive order appointing a Presidential Emergency Board (PEB) to aid in…
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Inflation Hits 40-Year High
Fuel costs have contributed to the newest numbers. The economic report for June shows that prices were up broadly. Core prices, a measure that does not include food…
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Latest Jobs Numbers Point to Solid Growth
Numbers ease recession fears for now. U.S. employers added 372,000 jobs to the U.S. economy in June, extending a streak of strong labor market gains, yet the broader…
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DOE Reports Clean Energy Employment Increase
The sector increased by 4% versus 2.8% overall growth. On Tuesday, the Department of Energy (DOE) released the 2022 U.S. Energy and Employment Report (USEER). The report tracks…
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Veterans Utilize Instant Loan Approval
More than 41% of loans against life insurance have been processed through updated VA technology. The Department of Veterans Affairs implemented its Instant Loan Approval service as part…
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Insufficient Workers Hamper Infrastructure Industry
Funds get allocated but projects hard to get started. Contractors are reporting a lack of workers which is hindering the start of infrastructure projects even as funding for…
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