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A Strong Dollar and A Stronger Economy Pressurize the U.S. Manufacturers

A Strong Dollar and A Stronger Economy Pressurize the U.S. Manufacturers

The strong U.S. dollar signals economic growth, but it is also hurting American businesses overseas, especially manufacturers, who face falling sales, squeezed profits and prospects of major job cuts. Caterpillar Inc., for example, the world’s...

 

UAW’s Goal to Close Wage Gap Might Further Push Automakers down South to Mexico

UAW’s Goal to Close Wage Gap Might Further Push Automakers down South to Mexico

By Danni Santana For the better part of a decade, newer autoworkers in the U.S. have earned half the wages of their veteran co-workers who do the same job. In September, the United Auto Workers is determined to close the gap when union leaders...

 

Protected: Despite Uptick in the Economy, Slow Recovery Ahead For Older Workers

Protected: Despite Uptick in the Economy, Slow Recovery Ahead For Older Workers

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Protected: Seniors citizens struggle with nation’s fastest-growing student loan balance

Protected: Seniors citizens struggle with nation’s fastest-growing student loan balance

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Rising demand for H1-B visas raises questions on immigration reform

Rising demand for H1-B visas raises questions on immigration reform

Some say they steal American jobs. Others say they spur the economy. But there is one thing immigration experts across the board agree on: the rules to bring and keep high-skilled immigrants to the US need to change. The demand for high-skilled...

 

Speculative homebuilding may cause a single-family housing shortage

Speculative homebuilding may cause a single-family housing shortage

Last spring, Vince Phelps, a homebuilder in Lynchburg, Virginia, wanted to build a single-family home “on spec” – industry parlance for a dwelling built without an owner in place. But Phelps was soon frustrated: he couldn’t find a bank...

 

Protected: The On-Demand Economy Improves the Lives of Part-Time Workers, but at What Cost?

Protected: The On-Demand Economy Improves the Lives of Part-Time Workers, but at What Cost?

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MARCH DEFICIT EXPECTED TO INCREASE WITH END OF PORT STRIKES

February’s unusually low trade deficit will not be seen in March. The consensus forecast for the March trade deficit is $42.0 billion, up 11% from February’s revised deficit of $37.8 billion. The resolution of the West Coast port...

 

Auto Sales in April Expected to Soar on the back of Truck Sales

Auto Sales in April Expected to Soar on the back of Truck Sales

By Danni Santana Auto sales in April are expected to reach highs not seen in a decade, indicating sales are finally heating up after an icy start to the year. Both TrueCar and LMC Automotive predict 1.5 million vehicles will be sold in April,...

 

Accelerating Wage Gains, Strong Job Market Could Bolster Consumer Sentiment

Accelerating Wage Gains, Strong Job Market Could Bolster Consumer Sentiment

By Michaela Ross Consumer sentiment is expected to rise this month against the backdrop of a strengthening labor market and wage gains. Predictions for Friday’s University of Michigan’s consumer sentiment index ticked up to 96 from April’s...