The U.S. trade deficit plummeted in February to its lowest level in five years as the West Coast labor disputes contributed to depressed imports and exports, and a stronger dollar hindered the global competitiveness of domestic goods. The deficit narrowed by $7.2 billion to $35.4 billion, a 17% decrease from […]
By Marguerite Ward Some experts speculated that the United Steelworkers strike, the largest oil refinery strike in over three decades, would send gas prices upward. But after six weeks, the strike is essentially over and gas prices are set to fall again. Right before the strike ended, Fitch Analytics released […]
Three consecutive months of job growth indicates that the economy has finally reached a point of stability, after gaining more jobs in the month of February. The private sector added 227,000 jobs with marked growth in professional services, health care and manufacturing and the unemployment rate was steady at 8.3 […]