Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced new sanctions Friday on Iran’s metal exports and eight senior Iranian officials. The penalties came days after Iran fired missiles at U.S. targets in Iraq in retaliation for an American airstrike in Baghdad that killed Iran’s top military leader, Qasem Soleimani, last week. After […]
Tag: Economy
Manufacturing jobs ‘tough to fill,’ weak spot in employment picture
In a year that featured otherwise solid job growth, manufacturing stood out as one sector that lagged behind. It’s not that the jobs aren’t there: There were still 477,000 open positions as of October, down less than 5% from the year-ago level, according to the Labor Department’s most recent data. Instead, it’s more a case […]
Pelosi announces next steps for Trump impeachment articles to Senate
WASHINGTON — House Speaker Nancy Pelosi said Friday that she will send articles of impeachment against President Donald Trump to the Senate next week. “I have asked Judiciary Committee Chairman Jerry Nadler to be prepared to bring to the Floor next week a resolution to appoint managers and transmit articles of impeachment to the Senate,” […]
Only 145K payrolls added, 3.5% unemployment
WASHINGTON — The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday. Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%. Economists surveyed by Dow Jones had been looking for job growth of 160,000. The […]
CFOs say economy is going to slow, stock market overvalued
Chief financial officers at big U.S. companies entered 2020 on a cautious note, with almost all anticipating an economic slowdown against the backdrop of an overvalued stock market, according to a survey released Thursday. The Deloitte CFO Signals Survey showed that while the corporate leaders see the economy as “good,” they anticipate that before the […]
Weekly jobless claims
New applications for U.S. jobless benefits fell more than expected last week, but the labor market appears to be cooling, with the number of Americans on unemployment rolls surging to more than a 1-1/2-year high at the end of 2019. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 214,000 for the […]
Fed policy is in a ‘good place’ but will remain flexible
Richard Clarida Scott Mlyn | CNBC The Federal Reserve is in “a good place” with monetary policy but remains flexible both with interest rates and its operations to tame the overnight borrowing market known as repo, Vice Chairman Richard Clarida said Thursday. As the central bank embarks on a year during which it is not […]
possible inflation scare and democratic agenda
Democratic presidential candidate Sen. Bernie Sanders (D-VT) speaks during a campaign event at NOAH’s Events Venue on December 30, 2019 in West Des Moines, Iowa. Joe Raedle | Getty Images J.P. Morgan’s private bank, which manages $2.2 trillion for wealthy clients, said a presidential victory from a radical leftist candidate is among the biggest threats […]
ADP Moody’s private payrolls December 2019 surge
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics. The total was well above the 150,000 […]
The big recession scare is over
The fourth-quarter growth scare is a thing of the past, as the U.S. economy looks set to close the books on 2019 with a solid rise. Manufacturing and trade reports Tuesday confirmed that GDP is on pace to rise more than 2% for the period. An Atlanta Fed gauge estimates the gain at 2.3%, better […]
