Peter's Blog

The Conference Board’s Consumer Confidence Index fell 0.8 points to 89.4 in August, down from 90.2 in July, based on a survey conducted between August 3rd and August 16th. The decline marks the second consecutive monthly drop, though the headline figure masks a sharper divergence beneath the surface. While consumers grew somewhat more upbeat about […]

Most careers today have some possibility of being diminished or replaced by artificial intelligence. This has sparked great fears among many citizens and academics that most people will end up without a job and business elites will keep getting richer. They believe that there will be a vast structural surge of unemployment in which the […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

The United States has taken a very strong protectionist stance on global trade. With the recent tariffs imposed by the Trump administration, which include 10% baseline duties on most imports, a staggering 145% on Chinese goods, and targeted tariffs on European and automotive imports, the debate over the nation’s trade policy has become highly contentious. […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

Full-time jobs are shrinking while part-time positions rise. With recession alarms blaring, the Fed only has two choices: create inflation or cause recession.

The idea of ‘wage slavery’ unfairly compares today’s suffering job market to historical chattel slavery, using outdated 19th-century arguments to criticize modern work. This oversimplification overlooks the significant improvements in workers’ freedom and their right to work.  Some will choose to work at a lower wage than accept a worse alternative.

In a recent interview, Peter Schiff was featured on Real America with Dan Ball. 

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.