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July 12, 2006 – Spurred by a $17.7 billion deficit with China, the U.S. trade deficit rose .8 percent to $63.8 billion in May. The U.S. May trade deficit was the sixth largest on record and puts the U.S. on pace to run up a record $763 billion trade deficit for the year, 6.5 percent
Read moreJuly 12, 2006 – The U.S. House of Representatives will vote as early next week on the U.S.-Oman Free Trade Agreement (OFTA), another flawed trade deal from the Bush administration that will cost the U.S. thousands more quality manufacturing jobs. Like the North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA)
Read moreJuly 11, 2006 – Veterans have found that even with a new job skill, life after military service can be frustrating for younger veterans. In fact, young veterans suffer nearly double the unemployment of nonveterans their age. The push to hire veterans, especially those recently back from Iraq or Afghanistan, comes at a time when
Read moreJuly 10, 2006 – China’s trade surplus jumped to a record $14.5 billion in June, providing further evidence China must take steps to further revalue their artificially low currency. China had a record $102 billion trade surplus in 2005, up drastically from $32 billion in 2004. China’s surplus for the first half of 2006 was
Read moreJuly 7, 2006 – Employers added just 121,000 jobs in June, marking the third straight month of lackluster job growth. Job growth for the second quarter of 2006 has averaged just 108,000 per month, the slowest quarter since 2003’s third quarter. A report from the Economic Policy Institute says the sluggish job growth and slowing
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