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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.

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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November Jobs Report: 155,000 Jobs Added, Unemployment Steady At 3.7 Percent

economy going up

The U.S. economy added 155,000 jobs through the month of November and the unemployment rate held steady at 3.7 percent, according to Department of Labor (DOL) data released Friday. Wages hit 3.1 percent growth over a year last month, the first time in nearly a decade that wages have broken the 3 percent benchmark. Wage growth held steady at 3.1 percent ...

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‘What Winning Looks Like’: US Net Oil Imports Hit 40-Year Low

U.S. net oil imports were just above 4 million barrels per day during the last week of November, according to new Energy Department data — the lowest in 40 years. U.S. Energy Information Administration (EIA) data released Thursday shows net crude oil imports fell by more than 1.7 million barrels per day in just from the week ending November 23rd ...

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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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