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Job openings unexpectedly fall in April to lowest level in 3 years

Writing in Making Money, Michael Gapen, head of U.S. economics at Bank of America Securities, discusses whether April’s jobs report will influence the Fed’s interest rate decision. U.S. job openings fell to the lowest level in more than three years in April, the latest sign that the labor market is cooling as the economy slows. […]

Pending home sales plunge to lowest level since pandemic began

The number of U.S. home purchase contracts closing fell by the most in three years in April, with overall activity levels at their lowest since the COVID-19 pandemic began in the spring of 2020, as high interest rates continue to restrain the housing market, the National Association of Realtors said Thursday. NAR is Pending Home […]

Biden’s Approval Rating, 36%, Drops to Lowest Mark Since July 2022

President Joe Biden’s approval rating fell to its lowest level in nearly two years in May, a Reuters/Ipsos poll showed on Tuesday, raising concerns about his reelection. Historically, presidents need an approval rating of about 50 percent to win reelection. Just 36% of voters support Biden, down two points from April and matching his all-time […]

Lowest Birthrates in Germany, While Migrant Worker Arrivals Soar

Fewer Germans are getting married and having children, but the population continues to grow thanks to immigrants and their children, new government statistics suggest. Approximately 693,000 babies will be born in Germany, which has a population of approximately 84.5 million, in 2023, a decrease of 6.2 babies per year. It was also significantly lower that […]

Consumer Confidence Unexpectedly Slumps To Lowest Level In Nearly Two Years

Consumer confidence has declined over the past three months, even as the Biden administration tries to convince Americans that the economy is improving. The Conference Board’s Consumer Confidence Index fell to 97 in April from 103.1 in March, according to data released Tuesday. This is the third consecutive month of decline and the lowest figure […]

CBP report reveals lowest March for migrant encounters; Texas crackdown continues

U.S. Customs and Border Protection (CBP) released its monthly update touting a decline in the number of encounters with migrants since last month. In March, Border Patrol recorded 137,480 encounters between ports of entry along the Southwest border. Encounter rates between ports of entry along the Southwest border decreased by 45% compared to December 2023 […]