Latin News

Robust Employment

By Isaac Cohen* The first quarter contraction of 0.7 percent in the US economy has been followed by two consecutive months of robust job creation. After gaining 233,000 new jobs in April, the Labor Department informed that 280,000 new nonfarm jobs were created in May. Hourly earnings for private sector…
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Big Banks Again

    By Isaac Cohen* The reason why this column’s title includes the word “again” is because, for the third time in recent years, several “systemically important” big banks have been caught acting beyond legality. As described by the new US Attorney General Loretta Lynch, five big banks participated in a…
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Slow Recovery

By Isaac Cohen* Some signals indicate the US economy weak performance, during this year’s first quarter, may continue into the second quarter. Furthermore, in the second revision by the Commerce Department, the weak 0.2 percent growth for this year’s first quarter is expected to become a contraction. True, the central…
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Rebound

The winter downfall in the US economy has been followed by a rebound in job creation. Last week, the Labor Department said 223,000 new non-farm jobs were created in April, which lowered the unemployment rate to 5.4 percent, from 5.5 percent. Additionally, 85,000 new jobs were created in March, as…
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