American workers are getting the smallest slice of the pie on record
Since 2000, the value of the S&P 500 stock index has gained about 600%. Over the same period, inflation-adjusted worker earnings have climbed just 12.5%. @rjwile
https://t.co/q51CvAKGdK
Labor Day weekend gas prices have never been higher, and Californians are feeling the sticker shock more than most in the U.S., as prices regularly top $6 per gallon. CBS News’ Mark Strassmann has the latest.
It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend, as fuel prices hit a record high. https://t.co/0UyMXOEDFE
Gas prices are at a record high for any Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82 from 2012, according to the AAA motor club. https://t.co/zzgwMZ1G2v
One big sore spot in the August jobs report = wages
Wage growth is the lowest in 5 years
Wage growth = 3.1% in the past year
Inflation is likely to be ~3.5% (it was 3.4% in July)
Americans are being squeezed financially right now.
Inflation has wiped out all wage gains since April (and March was close). Credit card debt is at a record high, savings is the lowest in years, and personal loan use is up. Consumption is almost certainly going to slow.
A Cabinet officer appointed by President Trump maintained an “inappropriately close and unprofessional relationship” with a member of her security detail, used government funds for personal travel and regularly drank on the job, a federal watchdog found. https://t.co/JSwpapvmgs
BLS this morning, with revised 2Q data: "The labor share, which is the percentage of output that accrues to workers in the form of compensation, was 52.8 percent in the second quarter of 2026, the lowest level in the series, which begins in the first quarter of 1947."
@AnthonyMEmerson eh not really, there were a bunch of straight negatives from her campaign starting in summer 2020
still an interesting indicator of where they see the race though
incredible stuff in here
Trump's Labor nom @Sonderling47 was working with CCP entities hawking EB5 visas to chinese nationals, advertising access to “America’s comprehensive welfare”
1. Keith Sonderling, Trump’s nominee for Labor Secretary, traveled to China in 2015 to pitch investments in a Florida real estate project.
During these events, Chinese nationals were promised green cards and access to “America’s Comprehensive Welfare”
1. Keith Sonderling, Trump’s nominee for Labor Secretary, traveled to China in 2015 to pitch investments in a Florida real estate project.
During these events, Chinese nationals were promised green cards and access to “America’s Comprehensive Welfare”
Breaking news: The Trump administration secretly obtained 6 months of phone records for a journalist without a search warrant or any judicial oversight, raising alarm over an obscure legal tool it is deploying https://t.co/XZZjMFgjoL