Storm Clouds On The Horizon? Unemployment Holds Steady, But Weaknesses Are Showing   According to the Labor Department’s May nonfarm payrolls report, employment in the U.S.’ private sector increased in May by 139,000 jobs, keeping the unemployment steady at 4.2%. Although growth is always good, the number of jobs added was less than the 147,000 anticipated as recently as April.   However, the numbers get less rosy the further down you drill. According to Dow Jones Data, although economists forecasted 110,000 new jobs for last month, the jobs added were woefully fewer (37,000 private sector) than hoped for. Small business employment shrank by 13,000,...

Big Beautiful Tax Changes? What Might We See?   The July 4th deadline for passage of the Big Beautiful Bill (BBB) that the administration hoped for doesn’t seem realistic. Due to the significant differences between the House and Senate versions, an easy compromise seems unlikely. However, we know that sooner or later, some semblance of it will survive the reconciliation process and pass through both houses, and unless there are any deal-breakers, which is unlikely, the President will sign it.   Although all the attention thus far has been on the proposed changes to Medicaid and the recommended work requirements, as well as the reduction...