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Author Archives: Carl Fox

Carl Fox is the money and finance editor for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

US IT Job Growth Hits A Wall; Talent Shortage To Blame

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The number of IT jobs grew 0.03% sequentially last month to 5,337,000 according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by 0.85% since May 2017 adding 44,900 IT workers. Engineering employment increased by 0.18 percent sequentially to 2,591,000. On a year-over-year basis, growth in engineering employment ...

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U.S Treasury Grants Americans Abroad One Year Reprieve From the June 15, 2018 Repatriation Tax Payment

Earlier this week, the U.S. Treasury granted significant relief to Americans abroad subject to the Repatriation tax. According to the Treasury release, Americans abroad with less than $1,000,000 in total Repatriation tax liability are de-facto granted a one year extension to make the first payment that was otherwise due by June 15, 2018. A bit of background. The Repatriation tax forced large U.S. ...

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Better off Renting? Renters Can Create More Wealth than Buyers in Many U.S. Housing Markets Now

With housing markets around the U.S. nearing the peak in their cycles, renters who reinvest their money have an increasingly better chance at creating wealth than individuals who purchase a home, according to the latest national index produced by Florida Atlantic University and Florida International University faculty. This marginal move in the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index shows an increased possibility of ...

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Report: Hiring in the oil industry surging

Crude oil price vs. hiring rates May 2018

New data from LinkedIn’s June Workforce Report shows increased hiring in the oil and energy sector, impacting oil-centric cities like Houston, TX. This month’s data also illustrates how industry-dependent cities are heavily impacted by the highs and lows of business cycles. Oil industry turns up the heat on hiring – Nationally, across all industries, gross hiring in the U.S. was 4.5% higher than in May ...

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9 out of 10 U.S. Contractors Report Skilled Labor Shortage

Findings from the Q2 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index), released today, show four straight quarters with more than 90 percent of contractors concerned over labor shortages. Concerns increased quarter-over-quarter, with 47 percent of respondents expecting problems finding skilled workers to worsen in the next six months. “Contractors’ pipelines for new business are consistently healthy, however, ...

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What Your Business Can Learn From DealDash

When you are trying to run a successful modern company you need to think about where you can improve. The fact is that your business can always get better, no matter how perfect you think it may be. The goal is to take it forward and spend every day learning about how to you can improve things and stand out. ...

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More Than Half Of 401(k) Participants Invest In A Single Target-Date Fund

Vanguard reports that more than half of 401(k) participants are now invested in a single target-date fund (TDF), compared to only 13% just ten years ago. According to How America Saves 2018, Vanguard’s annual defined contribution (DC) benchmarking report, TDFs have continued to reshape the investment patterns of retirement savers, driving increased diversification and deterring trading. Vanguard researchers estimate that 77% ...

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Vail Resorts goes on a shopping spree, buys four ski resorts

Vail Resorts will acquire Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado In a separate transaction, Vail Resorts will acquire Stevens Pass Resort in Washington State Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will now include additional access to all four resorts for ...

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Microsoft to acquire GitHub for $7.5 billion

Microsoft (NASDAQ: MSFT) announced on Monday it has reached an agreement to acquire GitHub, the world’s leading software development platform where more than 28 million developers learn, share and collaborate to create the future. Together, Microsoft hopes, the two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft’s ...

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223,000 new jobs in May; Unemployment at lowest since 1969

economy going up

Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the lowest rate since 1969, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction. The May jobs numbers were so good that even The New York Times had trouble ...

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US IT Sector Records Fourth Consecutive Month of Job Growth

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The U.S. information technology (IT) sector added an estimated 8,700 new jobs in May, the fourth consecutive month of employment growth, according to CompTIA, the leading technology industry association. A CompTIA analysis of today’s Bureau of Labor Statistics “Employment Situation” report finds May job growth occurred in three categories: IT services, custom software development and computer system design (+ 6,600 jobs) ...

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