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The Latest News about the economy

The economy ebbs and flows, but whether it’s strengthening or weakening, we report on how it affects you.

Survey: 42 Percent Of Job Applicants Don’t Meet Skills Requirements, But Companies Are Willing To Train

More than three in four professionals would apply for a job even if they aren’t qualified84 percent of companies are willing to hire and train a candidate who lacks required skills62 percent of employees have been offered a position when they were underqualified; this has happened most frequently in Charlotte, San Diego, Austin and Washington, D.C. Should professionals mind the ...

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China Trying To Stem Economic Slowdown, Failing

China is trying to stem an economic slowdown, including rising unemployment, continuing into the first two months of 2019 after documenting its worst year of economic growth in nearly 30 years in 2018. Beijing is trying to counter the slowdown by spending more on infrastructure project and encouraging banks to extend loans to small businesses, reported The Wall Street Journal ...

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Small Business Hiring Remained Flat in February, While Wage Growth Increased

Small business job growth consistent with previous month Hourly earnings growth increased slightly A new report out Tuesday continued to reflect signs of the tight labor market. At 98.93, the Small Business Jobs Index was unchanged in February, remaining just below 99. Though the rate of job growth has stayed relatively consistent over the past three months, the national index ...

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US Stocks Had Their Best January In 30 Years And China Deal Could Keep It Going, Says Stuart Varney

U.S. stocks had their best January in the last 30 years and President Donald Trump’s potential trade deal with China could help keep the trend going. “I will not forecast where the stock market’s going, but I’m going to tell you that it just had a terrific month of January,” Fox Business host Stuart Varney said on “Fox & Friends” Friday. “Interest ...

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US Economy Adds Over 300,000 Despite Shutdown

economy going up

The U.S. economy added 304,000 jobs while the unemployment rate rose slightly to 4 percent in the first month of 2019, according to Department of Labor (DOL) data released Friday. January marks the 100th straight month of job growth in the U.S., a record more than twice as long as the previous one of 48 months set in June 1990. ...

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Trump Effect: Private Sector Employment Increased by 213,000 Jobs in January

Private sector employment increased by 213,000 jobs from  December to January according to the January 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 ...

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Under Trump, US Economic Freedom Rises Significantly

Donald Trump success

U.S. economic freedom rose to the highest level in eight years in 2019, hopping up six spots on The Heritage Foundation’s annual Index of Economic Freedom. The Heritage Foundation released the updated list of countries, from the most economically free to the least, Friday. The United States’s ranking in the index has risen since 2017 up to 12th, largely due ...

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Trump Blasts Media For ‘Barely’ Covering ‘Great’ Economy, Low Unemployment

Donald trump tweeting

President Donald Trump blasted the media for barely covering the country’s “great” economy and low unemployment in a tweet Thursday morning. “The economy is doing great. More people working in U.S.A. today than at any time in our HISTORY. Media barely covers! @foxandfriends,” the president wrote on Twitter Thursday. The U.S. unemployment rate hit a 49-year low under Trump in ...

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Trump Effect: New Jobs Report Astounds Experts, Blows Out Expectations

On Friday, the Labor Department released the jobs report for December – and it’s amazing. The economy added 312,000 new jobs last month much more than the 181,000 Wall Street analysts were expecting. “It’s much higher than expected,” said Julia Pollak, a labor economist at ZipRecruiter. “The overall picture is that there is strong job growth on Main Street and ...

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Report: Private Sector Employment Increased by 271,000 Jobs in December

Private sector employment increased by 271,000 jobs from November to December according to the December 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 ...

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The Booming Job Market Is Leading Teachers To Quit At Record Levels

Good teachers prefer school choice

Public education employees such as teachers and janitors are quitting jobs in record numbers, an uncommon trend in a profession that often rewards longevity, The Wall Street Journal reported. Many industries in the past year have seen a historically high rate of workers quitting. A tight labor market and sluggish wage growth are making job transfers less risky and long-term ...

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The Most People In Nearly 20 Years Quit Their Jobs For Better Ones In 2018

economy going up

Roughly 2.4 percent of the Americans in the workforce quit their jobs in the past year, the fastest rate since 2001, according to the Bureau of Labor Statistics (BLS). The BLS’s most recent version of the Job Openings and Labor Turnover Survey (JOLTS) found that an average of 3.5 million Americans quit their jobs every month in 2018. The data ...

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Dow Has Its Worst Week In Nearly A Decade As Government Shutdown Looms

The stock market ground to halt Friday, sending the Dow Jones Industrial Average to its worst week in nearly 10 years as lawmakers scurry back to Washington, D.C. to prevent a potential government shutdown. The Dow Jones tumbled more than 400 points in a rough week as investors grew skittish following the Federal Reserve’s decision to enact a rate hike as lawmakers ...

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The US Economy Is Still On Track For Its Strongest Growth Since 2005

economy going up

The Department of Commerce revised the U.S. economy’s rate of growth in the third quarter of 2018 downward Friday after new data revealed lower consumer spending and exports. The growth rate of U.S. Gross Domestic Product (GDP), a measure of overall economic activity, was revised from 3.5 percent down to 3.4 percent. GDP is still on track to increase by ...

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New Trend: Blue-Collar Workers are Now Scarcer than White-Collar Workers

Reversing a decades-long trend in the U.S. jobs market, companies are now having a more difficult time finding blue-collar workers than white-collar workers. Conducted by The Conference Board, the new analysis forecasts that growing blue-collar labor shortages will continue in 2019 and beyond. Companies can expect growing shortages in sectors that include transportation, health care support, manufacturing, agriculture, mining, and ...

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