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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Pickups, SUVs and crossovers dominated strong auto sales in 2017

Robot vehicles might rip apart the business model of the car industry in the coming years, but for now, automakers are still selling lots of cars and light trucks. U.S. sales for 2017 are expected to come in at 17.2 million vehicles, to be adjusted slightly up or down this week as more companies report their… Please follow and like us:

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Economy Growing At Fastest Pace In More Than Two Years

Last quarter, the U.S. economy grew at its quickest pace since 2015, and the unemployment rate has remained steady at a 17-year low, leaving some economists to question why the Republican tax bill, which will likely only create a small boost, was necessary. The $1.5 trillion tax cut package passed by Congress this week slashed corporate… Please follow and like us:

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Asian markets on course for broad gains after volatile week

Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan. Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into… Please follow and like us:

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Strong economy boosts Trump among otherwise skeptical Americans

WASHINGTON — In 2016, the U.S. economy served as a punching bag for then-candidate Donald Trump. Today, it has become a lifeline for an otherwise embattled presidency. As president, Trump has increasingly grabbed for that line, touting low unemployment, record high stock market values and healthy economic growth rates in speeches and on Twitter. Reactions from… Please follow and like us:

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US economy sees 3% growth, shrugging off hurricanes

The US economy continued to expand at a robust three percent clip in the third quarter despite back-to-back hurricanes, hitting President Donald Trump’s growth target for the second time since he took office, official data showed Friday, GDP growth in the world’s largest economy had its best six-month stretch since mid-2014, handily absorbing the shocks of… Please follow and like us:

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Bull market is here for the longer term

Stock prices may be hitting new records, but this is no time to sell. In recent decades, the U.S. economy and corporate sectors have undergone wrenching changes – Big Tech and energy, not the Big Three and finance, now drive progress – but America has emerged stronger and on the cusp of a new prosperity. For… Please follow and like us:

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Main Street Investor Confidence Hits New High: Survey

Eighty-five percent of retail investors in a new survey expressed confidence in U.S. capital markets, and in a clear message to the Trump administration and Capitol Hill, said actions in Washington would influence their decisions in the next year. The survey, a project of the Center for Audit Quality and The Glover Park Group, was conducted… Please follow and like us:

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US Workforce to Add 11.5 million Jobs by 2026

The U.S. economy is expected add another 11.5 million jobs by 2026, as an aging population and longer life spans raise the need for health care providers. The total U.S. workforce is expected to grow to 167.6 million people. Tuesday’s projections come from the U.S. Bureau of Labor Statistics, which says job growth will accelerate slightly… Please follow and like us:

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Study: Two-thirds of Americans don’t know bank overdraft protection is optional

Banks have a certain air of authority in their correspondence with customers — and why wouldn’t they? The banking industry controls about $1.5 trillion in the U.S. economy, which gives it enormous power in all things monetary. Unfortunately, banks aren’t always completely transparent when it comes to the products and services that they offer you. Take,… Please follow and like us:

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Most Asia markets up, dollar holds gains despite N. Korea fears

Most Asian markets edged up Wednesday and the dollar held gains against its peers on expectations for further interest rate hikes while traders await the release of Donald Trump’s tax reform plan. Shares were in positive territory but US-North Korea tensions are still jangling nerves and keeping investors were from buying with any gusto in early… Please follow and like us:

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Low inflation addressed by Federal Reserve

The Federal Reserve has been absolutely flummoxed that inflation has stayed so low for so long. Gasoline prices and headline inflation may be getting a temporary jolt from Harvey, but core inflation – consumer prices less energy and food costs – remains well below the Fed’s official target of 2 percent. Economists – including the elves… Please follow and like us:

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Trump’s chance to reshape the Federal Reserve could be his biggest economic legacy

WASHINGTON — President Donald Trump is betting he can turbocharge the U.S. economy with tax cuts and trade deals, but his greatest leverage to influence growth may rest with an unparalleled opportunity to reshape the world’s most powerful central bank. Because of a wave of vacancies, Trump will have the ability in the coming months to… Please follow and like us:

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Technology jobs should stay in America

Today up to one-third of all U.S. companies outsource work abroad to save money. Keep in mind there are plenty of hidden expenses with offshore outsourcing, and they add up quickly. Vendor contracts can be complicated and expensive to terminate, and in addition to paying salaries overseas, U.S. businesses still need local managers on hand to… Please follow and like us:

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Stocks rise ahead of Fed update

European and US stock markets rose Wednesday as investors looked ahead to the release of Federal Reserve minutes for clues on the US interest rate outlook. “European stock markets remain strong as the bullish sentiment that returned to the markets at the beginning of the week is still with us,” said market analyst David Madden at… Please follow and like us:

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