The Latest News about the economy

U.S. refineries are running at record levels to meet the high demand for gasoline and distillate fuel oil, according to federal data.

Not too long ago, a new “media” platform emerged on the Internet. Medium promised to be something of an equalizer for new media writers. Someone who takes the art of communication seriously – but lacked the indoctrination certificate of the ideologically-bent journalism schools – would have the chance to make a go of it as a reporter. But just like ...

Prepare for another week of White House press releases where the Trump administration correctly points out they have truly made America great again, because now even a European study group says so. The United States is once again the most competitive economy in the world and the top in tech. The USA leads the IMD World Digital Competitiveness Ranking 2018 followed by Singapore, ...

As employers grapple with a highly competitive hiring environment that is causing prolonged job vacancies across the U.S., workers are reaping the benefits, According to a report out Friday. CareerBuilder’s Midyear Job Forecast showed that 63 percent of U.S. employers plan to hire full-time, permanent workers in the second half of 2018, up from 60 percent last year. A substantial percentage of employers ...

Private sector employment increased by 219,000 jobs from June to July, beating analyst estimates of 185,000, according to the July ADP National Employment Report. The increase comes as the Trump economy continues to create good-paying, full-time jobs. “The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the ADP ...

The employment cost index rose 2.8 percent for the second quarter, the biggest increase since the third quarter of 2008 according to a new a report from the Bureau of Labor Statistics released Tuesday. Compensation for workers rose to a nearly 10-year high in the second quarter shows the report. The employment cost index increased 0.6 percent for civilian workers ...

President Donald Trump, Council of Economic Advisors Chair Kevin Hassett, and National Economic Council Director Larry Kudlow make remarks on the red-hot U.S. economy. The president emphasized that the 4.1% annualized GDP number reported Friday was not a one-time thing and that his policies would continue to produce stellar results. “We’re on track to hit the highest annual average growth ...

Orders at U.S. factories for durable goods rose in June despite constant media reports fretting over President Donald Trump’s negotiating tactics on trade. The Commerce Department reported Thursday that durable goods – items meant to last at least three years, like appliances – rose 1 percent in June. Excluding transportation manufacturers, orders were up 0.4%, the fifth straight monthly gain. ...

The unemployment rate for Hispanic workers reached a record low for the month of June according to the most recent Bureau of Labor Statistics report released Friday. In June, the unemployment rate for Hispanic or Latino workers fell to 4.6 percent for the month. This comes in just lower than the previous record of 4.8 percent.  That record was set ...

The two main messages from today’s jobs report are that both employment and the labor force are still continuing to grow rapidly even though a low unemployment rate means fewer workers are on the sidelines than before. The US labor market added 213,000 jobs in June and the figures for May and April were both revised up. It is now ...

Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

Business Activity Index at 63.9% New Orders Index at 63.2% Employment Index at 53.6% Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey ...

In the market for a job where you can make a good living without a college degree? CareerBuilder published a new hot list that might just be for you. This list is for you if you are looking for a job that: pays ~$20 or more per hour has grown over the last five years is projected to grow over the next ...

The American Trucking Association (ATA) says in its May report that the economy is continuing to produce an amazingly robust market for freight. ATA’s advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.7% in May after rising 2.7% in April. In May, the index equaled 113.8 (2015=100), up from 113 in April. “This continues to be one of the best, if ...

America’s closest trading partners are in danger of becoming former close trading partners at a time when the American economy is booming and trade revenues are set to skyrocket. Mexico threatened to punish U.S. hog farmers this week with a punitive tariff on some of their products. In reality, the measure will just make pork legs more expensive for the ...