Senior Econ Analyst & Washington Bureau Chief, Bankrate. Creator, The Hamrick Brief on Substack. LinkedIn Top Voice. Past President, National Press Club.
Joined February 2008
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1,615 Photos and videos
Mark Hamrick retweeted
Jun 13
Last month, solar power generated 12.8% of electricity in the U.S. while coal was responsible for 12.2%.
It’s the first time in history that solar accounted for more energy than coal. 🔋 abcnews.com/US/solar-generat…
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Jun 12
Little did either of us know how this would turn out 15 years later when I hosted Elon Musk at the National Press Club during my presidency.
More at The Hamrick Brief on Substack:
thehamrickbrief.substack.com…
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Jun 12
The preliminary University of Michigan consumer sentiment index rose to 48.9 in June from May’s historic low of 44.8, driven by early-month relief at the gas pump. While lower fuel costs provided a brief lift across political lines, sentiment remains down 19% year-over-year.
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Jun 11
"Don't sit down and wait for the opportunities to come. Get up and make them."
Madam C.J. Walker built a hair-care empire door to door and was recognized as America's first self-made female millionaire, decades before women won the vote. Read more in the Last Word segment on this week's edition of The Hamrick Brief. thehamrickbrief.substack.com…
ALT Portrait of Madam C.J. Walker, early twentieth-century Black entrepreneur and the first self-made female millionaire in America. Credit: Collection of the Smithsonian National Museum of African American History and Culture, Gift of A'Lelia Bundles / Madam Walker Family Archives.
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Jun 10
The price beatings will continue until the Strait of Hormuz improves:
linkedin.com/posts/markhamri…
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Jun 9
Important development regarding the future of Social Security and Medicare, particularly in this mid-term election year. I'll have more about this in my coming edition of The Hamrick Brief.
Jun 9
🚨BREAKING: Trustees Warn Social Security and Medicare Are Approaching Insolvency
The Trustees for Social Security and Medicare just released their annual reports, showing a significant deterioration in the financial states of both trust funds.
The Trustee’s project:
➡️The Old-Age and Survivors Insurance (OASI) trust fund – which funds retirement benefits – will be insolvent in 2032, and the theoretically-combined Social Security Old-Age, Survivors, and Disability Insurance trust fund will run out in 2034.
➡️Medicare Hospital Insurance (HI), meanwhile, is estimated to face insolvency in 2033.
➡️When the Social Security retirement fund runs out of reserves, beneficiaries will face an abrupt 22% cut; Medicare insolvency would lead to an 11% cut in payments, undermining access to care.
➡️Over 75 years, the Trustees project both programs face shortfalls significantly larger than last year’s projection. The Trustees project the Social Security programs face a combined 4.42% of taxable payroll shortfall – up 16% from last year; they project the Medicare HI shortfall is 33% larger than last year, at 0.56% of payroll.
The following is a statement from CRFB President @MayaMacGuineas⤵️
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Jun 9
May existing home sales rose 3.2% to a 4.17M annual pace, the best since December and beating expectations.
Encouraging, but 2025 closed at 4.06M, the lowest annual total since 1995, when the U.S. had tens of millions fewer people.
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Jun 9
A lot of discussion about AI with @mikeallen with Anthropic’s Brian Peter’s at the first @axios #AMLIVE. Terrific opportunity to learn and network in Washington.
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Mark Hamrick retweeted
The Labor Department released a better-than-expected jobs report Friday morning, but the stock market didn't react as positively. Also, where's the return on investment from AI? Bankrate's Mark Hamrick (@hamrickisms) has more. audacy.com/wben/podcasts/51a…
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Jun 8
A new gauge to measure whether Americans are faring well or falling behind. substack.com/@thehamrickbrie…
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Jun 7
So excited to spot the first bee that I've seen in our new, but young, pollinator garden. Added to our home this spring. It should be "buzzing" this time next year! I guess there's a good reason they call this bee balm.
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Jun 7
In a divided country, so many Americans supporting Scott for being a strong and clear voice for Press Freedom and, ultimately, free speech, is good to see. We need more, not less, of that.
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Mark Hamrick retweeted
Jun 5
"The front of the plane is selling well, the back of the plane, not so much."
@hamrickisms of @Bankrate tells @RemyBlaireNews that with real incomes lower after inflation, the K-shaped economy is playing out in real time, with $M as the "poster child" for a consumer base under growing pressure.
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Mark Hamrick retweeted
Jun 6
This is a macroscopic view of Normandy's beach sands.
About 4% of it, is magnetic shrapnel that has been broken down over the decades into sand-sized chunks, coming from the fierce fighting on D-Day, 82 years ago Today.
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Jun 5
No question that the May employment report came in better than expected with growth in payrolls. But the job market doesn't get a letter grade of "A". Here's the good and where there's more work to do:
linkedin.com/posts/markhamri…
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Mark Hamrick retweeted
Jun 5
May NFP lands at 172K with unemployment at 4.3% as the S&P 500 looks for a 10th straight weekly gain.
@JeffreyJRoach (@LPL), @perkinscr97, @hamrickisms (@Bankrate), @ThomasPerfumo (@krakenfx), @PacSun & @AstraZeneca join @RemyBlaireNews on Market Movers.
x.com/i/broadcasts/1DxLddOwN…
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Jun 4
The latest Challenger, Gray & Christmas report suggests that disruption is becoming more visible. Employers have now announced nearly 88,000 AI-related job cuts so far this year, exceeding the 2025 total.
The AI story is real. So is the need for perspective.
The biggest risk may not be AI itself, but failing to adapt as the technology reshapes the way work gets done.
Read my earlier piece here: thehamrickbrief.substack.com……
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Jun 4
New report from Challenger is finds artificial intelligence is actively reshaping the job market. It drove 40% of job cut announcements in May, the leading cause both for the month and the entire year to date. AI can be a career savior for those who learn to leverage it, and a job killer for those who ignore it. The window to adapt is narrowing. linkedin.com/posts/markhamri…
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