Gallup says Americans’ confidence in Congress is at its lowest level ever.
According to the Department of Labor, the number of jobs available fell to 3.76 million in April while the number of Americans filing for unemployment benefits for the first time fell by 12,000, from 346,000 for the week of June 1 to 334,000 for the week of June 8.
Each week this year (with the exception of Thanksgiving and Christmas) we will examine the fiscal and economic health of one of the U.S. states. Our 25th state in this series is New Mexico. Here are the top five (or more) things you need to know about the Land of Enchantment.
Get our June edition of By The Numbers, a breakdown of the economic situation in the United States.
Roll Call says both the House and the Senate are likely to break their discretionary spending caps for the year.
The U.S. added 175,000 jobs in May, according to the most recent jobs report from the U.S. Bureau of Labor Statistics, up from 149,000 added in April, but still not nearly enough to jumpstart the economy and return to normal levels of growth.
The Wall Street Journal says the Federal Housing Administration could lose up to $115 billion on home loans.
There is increasing evidence that the 2010 health care law could lead to an increase in the cost of health insurance premiums. According to CNN, 43% of adults approve of the 2010 health care law while 54% oppose it.
Personal income was down 0.1 percent in April while spending fell 0.2 percent.
This week news broke that the economic growth figures from the fourth-quarter were revised down to 2.4 percent from 2.5 percent. After trillions of dollars diverted away from taxpayers and the free-market, to be spent on stimulating the economy, the great “recovery” we were promised and hear about so often is no where to be found.