US job gains disappoint, unemployment holds at 4.1%

The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full unemployment, the jobless rate still held steady at its 17-year low of 4.1 percent. Employers added just 148,000 new hires in the final month of… Please follow and like us:

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Dow hits 25,000 points for 1st time on US hiring data

The Dow shot above 25,000 points for the first time Thursday as strong US private-sector hiring data extended a stocks rally already boosted by the recent US tax reform. US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut… Please follow and like us:

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Understanding the economics of tax reform

LOS ANGELES, December 9, 2017: Tax cuts are just one part of tax reform. Albeit a major part. Undoubtedly there will be winners and losers whenever a major overhaul in the arena of public policy occurs. Those who benefited under the existing regulatory structure will most likely oppose changes. Unless the replacement structure also benefits them… Please follow and like us:

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America’s infrastructure in need of 21st century investment

The infrastructure in China is impressive. My recent visit extremely impacted my perspective on the overall transportation systems in the United States as I witness that China has a big advantage with their wonderful airports, road systems and with their unique Shanghai Maglev Train. I had the opportunity to ride on the world’s fastest commercial train;… 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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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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Private-sector job growth slows to 177,000 for April, ADP says

WASHINGTON — Job creation by U.S. businesses slowed last month to its lowest level since fall as construction firms and retailers pulled back on their hiring, payroll firm Automatic Data Processing said Wednesday. Private-sector firms added a still-solid 177,000 net new jobs in April, ADP reported. But that was a sharp decline from a downwardly revised… Please follow and like us:

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