Everyday Economics: A stalled labor market and why the next data points matter

(The Center Square) – Last week’s jobs report wasn’t a “good” report, but it wasn’t a collapse either. Payrolls are still growing modestly, and the unemployment rate hasn’t spiked. Even so, the underlying message is clear: the labor market has lost momentum. That distinction matters with the Federal Reserve’s next rate decision just two weeks …

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Assaults against ICE up 1300%, vehicular attacks up 3200%, death threats up 8000%

(The Center Square) – Assaults against U.S. Immigration and Customs Enforcement officers are up 1,300%, vehicular attacks are up 3,200% and death threats are up 8,000%, the Department of Homeland Security said after a U.S. citizen was shot and killed during an alleged vehicular attack in Minneapolis this week. Federal authorities argue the shooting was …

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Bipartisan bill to cap annual deficits at 3% could curb debt growth

(The Center Square) – Lawmakers introduced a bipartisan proposal to cap annual deficits at 3% of GDP, but this resolution would still permit spending beyond annual revenue. House Resolution 981 would limit annual deficits to 3% of gross domestic product, or GDP, a measure of the nation’s total economic activity, by 2030 or sooner. Last …

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One year in, a ‘ho-hum’ jobs report

(The Center Square) – December’s jobs data changed little from November, rounding out an underwhelming year for the U.S. labor market. Initial estimates put job gains at 50,000, though if December is like every other month this year, that number will be revised downward in the coming months. By comparison, last December saw an increase …

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Trump signs order protecting Venezuelan oil revenue from legal claims

(The Center Square) – President Donald Trump on Saturday signed an executive order to protect revenue from all sales of Venezuelan oil held in U.S. Treasury accounts from seizure by courts or creditors. Citing the International Emergency Economic Powers Act and the National Emergencies Act, Trump said the executive order is necessary to protect the …

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Retirements and resignations to impact midterms as balance of power at stake

(The Center Square) – Over the past several months, politicians once regarded as central to their party have bowed out of reelection campaigns or resigned from their positions altogether. In the past week, Minnesota Gov. Tim Walz ended his reelection campaign and Marjorie Taylor Greene left Congress. The two figures appeared central to their respective …

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U.S. Supreme Court to hear anti-oil cases with energy costs on the line

(The Center Square) – Energy advocates have been warning against green energy demands driving up prices across the country. As anti-oil and gas activists seek legal pathways to straddle the energy industry, U.S. companies are making less effective products at higher prices to comply with demands while customers suffer, industry insiders argue. On Monday, justices …

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Constitutional concerns raised over Illinois’ first civil hate crime case 

(The Center Square) – A former Illinois attorney general candidate says the state’s first civil hate crime lawsuit, while based on “horrendous” conduct, sets a troubling precedent by allowing the attorney general to punish criminal behavior through civil fines that may exceed constitutional limits. Constitutional attorney David Shestokas’ comments follow Attorney General Kwame Raoul’s announcement …

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State settles with Sacramento schools over enrollment

(The Center Square) – California Attorney General Rob Bonta announced a settlement Friday with the Sacramento City Unified School District following an investigation into enrollment policies that allegedly discriminated against students. The settlement resolves a lawsuit alleging the district violated open enrollment and nondiscrimination laws. “Every student has the right to equal access to a …

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