Job cuts: Good news and maybe some bad

Last year, the fewest number of job-cut announcements since 1990 were announced. That’s despite the large number of store closings — more than 7,400 — and retail job losses, Chicago-based consulting employment company Challenger, Gray & Christmas said. But the fewer cuts last year may indicate a dire risk for this year: more job cuts. “The… Please follow and like us:

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Job cuts: Good news and maybe some bad

Last year, the fewest number of job-cut announcements since 1990 were announced. That’s despite the large number of store closings — more than 7,400 — and retail job losses, Chicago-based consulting employment company Challenger, Gray & Christmas said. But the fewer cuts last year may indicate a dire risk for this year: more job cuts. “The… Please follow and like us:

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Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

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Americans’ declining economic mobility is reflected yet again in fewer moves into new houses and apartments

Despite a long recovery and record streak of job growth, the share of Americans moving to a new location continued a steady decline in 2017, reaching a new post-World War II low, an indicator of a less mobile workforce that reflects both an aging society and economic problems facing younger workers. The decline marked the fifth… Please follow and like us:

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US Central Bank Keeps Benchmark Rate Unchanged as Focus Shifts to Next Fed Leader

Officials of the U.S. central bank decided to keep the key U.S. interest rates steady at a relatively low 1-1.25 percent level Wednesday. In a statement, Federal Reserve officials left open the possibility of raising rates in December because of a “strong” labor market and “solid” economic activity. During the recession, the Fed cut the interest… Please follow and like us:

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Central bankers bet weak inflation won’t last forever

The European Central Bank expects a pickup in inflation even though wages have remained weak during the current economic recovery, its vice president, Vitor Constancio, said Sunday. Constancio was joined in Washington by other central bank leaders, who likewise said they expected inflation to rise at some point despite its perplexing weakness across advanced economies. “The… Please follow and like us:

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US Federal Reserve keeps interest rates unchanged

The US Federal Reserve kept its benchmark interest rate unchanged Wednesday and announced the gradual end to a crisis-era stimulus program in a sign the economy is on sound footing. The Fed statement following its two-day policy meeting noted that the devastation caused by Hurricanes Harvey, Irma and Maria are “inflicting severe hardship” on communities. However,… Please follow and like us:

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US employers added 156,000 jobs in August; unemployment rate up to 4.4%

WASHINGTON — August was a good month for blue-collar jobs, but hiring overall from earlier in the summer and there was no indication of an upturn in wage growth, which has been missing in the nation’s long economic recovery. Despite solid gains in manufacturing, construction and mining, U.S. job growth overall last month fell short of… Please follow and like us:

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Fed minutes show split on timing of asset reduction

WASHINGTON — Several Federal Reserve monetary policymakers wanted to announce last month exactly when they would start reducing the central bank’s trillions of dollars in assets, but most preferred to wait to see how the economy and financial markets were doing over the summer, according to an account of the meeting released Wednesday. In the formal… Please follow and like us:

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Job growth rebounds to 222,000 in June; unemployment rate ticks up to 4.4 percent

The labor market rebounded strongly in June as U.S. employers added 222,000 net new jobs for the best performance since February, the Labor Department said Friday. The figure was a significant improvement from May’s upwardly revised job growth of 152,000 net new jobs and well above analyst expectations. Job creation for April and May was revised… Please follow and like us:

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Private-sector job growth slows to still-solid 158,000, ADP says

WASHINGTON — Job growth by U.S. businesses slowed to 158,000 in June, below analyst expectations but still a solid gain as labor market growth eases, payroll firm Automatic Data Processing said Thursday. Last month’s figure was down from 230,000 net new jobs in May. Analysts had expected the data, a closely watched harbinger for the Labor… Please follow and like us:

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Get ready. Here comes rapid economic growth.

WASHINGTON, June 21, 2017 – President Trump’s effort to increase economic growth has been somewhat thwarted by politics. He would like to solve the health care issue and reform the tax code, which is really what is needed to increase economic growth. Despite that, he has already issued some growth inducing executive orders. Some economists believe… Please follow and like us:

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TD Economics: A Maturing Recovery Still Waiting on Inflation

American economy expected to grow by 2.2 percent in 2017 and 2.1 percent in 2018 CHERRY HILL, N.J., June 15, 2017 /PRNewswire/ — The U.S. economic expansion continues unfettered, according to a new report by TD Economics (www.td.com/economics), an affiliate of TD Bank, America’s Most Convenient Bank ®. “Despite a significant amount of volatility in quarterly… Please follow and like us:

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Companies accelerate hiring, adding a robust 253,000 net new jobs, ADP says

WASHINGTON — Companies accelerated their hiring last month, adding a robust 253,000 net new jobs in a sign the labor market remains healthy and the economy is strengthening after a weak winter. The private-sector job creation figure reported Thursday by payroll firm Automatic Data Processing far exceeded analyst expectations and was well above the downwardly revised… Please follow and like us:

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Federal Reserve raises key interest rate, indicates two more hikes this year

WASHINGTON — Amid solid job growth and rising inflation, Federal Reserve officials on Wednesday nudged up a key interest rate for the second time in three months and signaled two more hikes are coming this year. After a two-day meeting, members of the policymaking Federal Open Market Committee voted 9-1 to raise the rate 0.25 percentage… Please follow and like us:

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