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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.

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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Varney Explains Stock Dive: Not a Sign of a Recession

Fox Business host Stuart Varney explained why the stock market dropped nearly 800 points on “Fox & Friends” Wednesday and said fears of a recession are unfounded. “In my opinion computers, computer-driven trading — algorithms played a very large part in yesterday’s drop,” Varney said. “Let me explain it. First thing in the morning we heard that interest rates had come way, ...

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Small Business Economic Outlook Remains High After 2 years under Trump Economic Policy

The Q4 MetLife & U.S. Chamber of Commerce Small Business Index (Index) released today recorded an overall score of 69.3, indicating a pause in the upward trend of the Index. The fourth quarter score is down less than one-half a point from the third quarter’s record high of 69.7, still reflecting general optimism from the small business community. Optimism on the health ...

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Amazon announces new HQ sites, Starbucks announces cuts, and Consumers Expect to Spend More on Gifts in 2018

Amazon.com Inc (AMZN.O) announced Tuesday that it will build two new Headquarters facilities in the United States amid record-high consumer confidence while Starbucks (SBUX) announces layoffs, Fox Business’ Charles Payne reports. Amazon chose New York City and the Washington, D.C. area, specifically Alexandria, Virginia, for its two new headquarters campuses placing them firmly in the nation’s financial and political centers. ...

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Home Depot co-founder: A Pelosi Congress would be a disaster for the country

Home Depot co-founder Bernie Marcus on new concerns for the U.S. economy as possible midterm shakeup threatens to bring gridlock to Washington. Marcus said that the if Congress goes to the Democrats, “nothing will happen.” He points out the economic accomplishments of the Trump administration and calls the Migrant Mob “an invasion.” Watch: Watch the latest video at foxnews.com

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Trump Economy Smashes Expectations

Donald Trump success

The economy continues to smash expectations with strong job creation, rising wages, and soaring confidence thanks to President Trump’s pro-growth agenda and even the mainstream media has to admit just how awesome the Trump Effect is.   CNBC: Payrolls Smash Estimates with Gain of 250,000, Wage Gains Pass 3% for First Time Since Recession “Job growth blew past expectations in ...

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Manufacturing continues expansion in October, employment and exports increasing

New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Faster Rate; Exports and Imports Growing     Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. “The October PMI registered ...

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Trump Effect: US Adds 250,000 Jobs In October, Wage Growth Breaks 3 Percent For The First Time In Nearly A Decade

economy going up

The U.S. economy added 250,000 jobs through the month of October and the unemployment rate held steady at 3.7 percent — a symbol of the historically tight labor market — according to Department of Labor (DOL) data released Friday.

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White House: ‘This is the blue-collar, middle-class Trump Economy’

The White House released a video Thursday touting the amazing revitalization of blue-collar jobs due entirely to President Donald Trump’s pro-growth policies. Former President Obama said during his term that these jobs were never coming back and now that they are, he’s telling anyone that will listen that he made this happen. Well, Mr. Obama, to use your own words, ...

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Trump Effect: Consumer confidence rises to 18-year high in October

economy going up

Consumer confidence increased to an 18-year high in October, following an increase in September. The Conference Board Consumer Confidence Index now stands at 137.9 (1985=100), up from 135.3 a month ago. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 169.4 to 172.8. The Expectations Index – based on consumers’ ...

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Navarro: Obama taking credit for economy is ‘fantasy land’

White House National Trade Council Director Peter Navarro says the only growth the Obama administration created was debt. Navarro appeared on Fox Business Network’s “The Evening Edit” Tuesday night and when host Elizabeth MacDonald asked him what he thought of Obama taking credit for the Trump economy he said, “It’s just a fantasy land.” “Obama didn’t understand the difference between a ...

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