US Manufacturing Takes Its Hardest Hit Since 2009

New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]

Hispanic Economic Progress: Surging Faster but Still Behind

When President Trump visited Florida last month, he highlighted one achievement in particular: the economic progress made by Hispanics, a group that has strongly opposed Trump because of his immigration policies. The unemployment rate for Hispanics had hit 4.8 percent in October, a record low, and has remained at about […]

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5 Things to Watch for in March’s Inflation Report

The consumer price index is expected to show no increase in the report to be issued Wednesday by the Labor Department. But the more trend-worthy annual number is likely to increase from 2.1 to 2.3 percent and indicates that consumer prices around the economy are on a slow but upward […]

Sluggish Wage Growth Will Likely Continue, Economists Say

The February jobs report to be released tomorrow should answer analysts’ biggest question: are workers finally seeing sustained wage growth, or is low workforce participation slowing things down? Last month’s report showed 200,000 jobs added and a 4.1 percent unemployment rate. Wage growth has lagged during the recovery, finally ticking […]

NAFTA renegotiation may put jobs at risk

President Trump announced the renegotiation of the North American Free Trade Agreement [NAFTA] to congress this month. The agriculture industry will be the sector most affected, but some are hopeful that through Trump’s decision to renegotiate and not withdraw from NAFTA, a better deal will surface for Americans all around. […]

Unemployment Rate Hits Lowest Level In A Decade

Job growth rebounded this month after a significant dip in March, easing fears that the economy may be weakening, and the unemployment rate remained steady at its lowest level in a decade. Hiring picked up sharply in April with the Bureau of Labor Statistics reporting Friday morning that the U.S. […]