After a year free from government shutdowns and other self-inflicted wounds, the U.S. economy in 2016 is expected to power forward.
In the past, a recovering economy usually meant rising labor participation as more people gained confidence and got off the sidelines and into the job market. But not this time.
Jimmy John’s is making its employees sign non-compete agreements, contracts typically required of high-ranking executives, not fast-food workers.
Although the nation’s unemployment rate has been around a seven-year low of about 5.4 percent, job growth among the states has been uneven, with several showing only meager gains more than five years removed from the depths of the Great Recession.
As the economy continues to grow, surveys show employers will be looking at new degree holders to fill positions. Schools are also reporting an increase in recruiting on campuses this year.
As 2015 commences, America is moving steadily toward full employment for the first time since a Democrat last occupied the White House, during the Clinton presidency. The past 12 months marked the single strongest year of job increases since 1999, with unemployment down from 7 percent to 5.8 percent. The national economy is currently growing […]
By Jim Puzzanghera and Don Lee, Los Angeles Times The nation’s poverty rate dropped last year for the first time since 2006, but the typical household income barely budged in a sign of the continuing sluggish economic recovery from the Great Recession, the Census Bureau said Tuesday. The decline in the poverty rate to 14.5 […]
Washington (AFP) — Activity in the U.S. manufacturing sector picked up pace in August, to its best level since August 2011, the Institute for Supply Management said Tuesday. Helped by a pickup in production and new orders, the ISM’s manufacturing purchasing managers index rose by 1.9 points to 59.0. A reading above 50 indicates expansion. […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — Small-business owners were less optimistic about the economy last month despite reporting their most ambitious job creation plans since 2007, according to a private survey released Tuesday. The optimism index from the National Federation of Independent Business fell 1.6 points in June to 95, the first drop […]
WASHINGTON — Hiring surprisingly surged last month as the economy added 288,000 net new jobs — the best performance in more than two years — and the unemployment rate dropped to 6.3 percent, its lowest level since September 2008, the Labor Department said Friday. Job-creation figures for February and March were also revised upward by […]
Washington (AFP) – New claims for U.S. unemployment insurance benefits edged higher last week but still remained close to a seven-year low, the Labor Department said Thursday. Americans filed 304,000 initial jobless claims in the week ending April 12, an increase of 2,000 from the previous week’s revised level. Last week’s increase was much smaller […]
By Kathleen Hennessey, Tribune Washington Bureau WASHINGTON — President Barack Obama promoted his latest attempt to help U.S. workers compete in the global “skills race,” announcing $600 million in grants for job-training programs focused on industry partnerships and apprenticeships. Speaking at a community college near Pittsburgh, Obama warned Wednesday that other countries have done more […]
By Tim Grant, Pittsburgh Post-Gazette A competition among working homeless people to see who could save the greatest percentage of their pay provided researchers with valuable insights that could be used to encourage middle class people to improve their financial circumstance. In what is believed to be the first detailed study of the savings behavior […]
Former UK Prime Minister Gordon Brown upped the stakes today in the developing scandal over Rupert Murdoch’s tabloid hacking scandal: On Tuesday, Mr. Brown accused The Sunday Times — owned by News International, the British subsidiary of Mr. Murdoch’s News Corporation — of employing “known criminals” to gather personal information on his bank account, legal […]