Rising US prices could widen the divide between haves and have-nots | BBC News

September 16, 2025September 15, 2025 ~ knjohn ~ Leave a comment

There’s a divide in the US economy between the haves and the have-nots. And accelerating inflation, driven in part by tariffs, could make it worse.

Government data points to the early stages of businesses passing on the costs of US President Donald Trump’s sweeping import tariffs to consumers.

Still, inflation remains well below its peak, and a debate continues over the extent to which tariffs will lead to a sustained rise in the pace of price hikes.

But Americans like Yanique Clarke are feeling the pinch.

Yanique, a nursing student in Manhattan who identifies as lower-income, said while shopping for groceries at a Target store this week that “prices are really drastically high” for meat, vegetables, and fruit.

“It’s quite a while now, but it’s getting higher,” she said.

Friday’s jobs report could show how much US employers will bend before they break | CNN Business

June 6, 2025June 5, 2025 ~ knjohn ~ Leave a comment

Last June, after almost a full year on the job hunt, Jordan Williams landed a role at a high-growth, United Kingdom-based outdoor apparel brand that was looking to build out its US operations.

Passenger Clothing was well positioned for expansion: The company landed orders with REI, Scheels and others; and Williams, a Portland, Oregon-based outdoor industry veteran, was excited for the ride.

Until April.

GDP: The US economy grew at a much slower pace in the first quarter | CNN Business

April 28, 2023April 27, 2023 ~ knjohn ~ Leave a comment

US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses rebalanced their inventories and pulled back on spending amid punishing rate hikes from the Federal Reserve.

The increase in the gross domestic product — the broadest measure of economic activity — was far below economists’ expectations of 2% and represents a more moderate pace compared to the previous two quarters, according to data released Thursday by the Department of Commerce.

The January-to-March period was also marked in its later weeks by mounting fears that a meltdown in the banking sector and a pending debt ceiling crisis could trigger a recession.

Who Wants the Global Talent | Management Consulting Connection

June 6, 2019June 4, 2019 ~ knjohn ~ Leave a comment

For all of its faults, the United States has been the destination of choice for emigrants since – well – for half a century. Personally, I have friends and family who got their green cards just within the last few years. The US continues to be a magnet for talented and ambitious risk takers. Bill Kerr, Harvard Professor, titled his most recent book, The Gift of Global Talent: How Immigration Shapes Business, Economics, and Society and his thesis is simple – even if the data collection was difficult – immigrants drive a large % of growth, innovation, and entrepreneurship. People want to live and work here, and that’s largely been a big blessing. Factoid: 40% of US cancer researchers are immigrants.

US economy = huge demand

Times are good (yes, looking at the stock market this week, you might not think so), and unemployment in the US is at a 50 year low. As of October 2018, there were 7M unfilled jobs in the United States. This includes 450,000 highly-skilled manufacturing jobs. It’s a fairly basic tenet of economics that suppliers will try to fulfill demand. Here’s a data point, H1B visa season starts April 1. There are 85K visa to allocate, and typically there are 300K applications after one week.

Untapped Potential for Expanding Women’s Entrepreneurship Holds Promise to Grow the U.S. Economy, According to Kauffman Report

July 1, 2012 ~ lmehit ~ Leave a comment

Women who are capable of starting growth companies that serve global markets may be the nation’s secret weapon for achieving sustained economic growth.

Research shows that startup companies – particularly high-growth startups – are the most fruitful source of new U.S. jobs and offer the economy’s best hope for recovery. However, despite the fact that about 46 percent of the workforce and more than 50 percent of college students are female, and that women have risen to top positions in corporate and university hierarchies, they represent only about 35 percent of startup business owners. Their firms also tend to experience less growth and prosperity than do firms started by men.

Read Article.