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Tag: Economy

President Hails 4.1% GDP Growth as Sign of Strong Economy

July 30, 2018Mike DakkakLeave a Comment on President Hails 4.1% GDP Growth as Sign of Strong Economy

President Trump touted the strength of the economy on Friday, pointing to a GDP rate of 4.1% and record-low unemployment.

“I am thrilled to announce that, in the second quarter of this year, the United States economy grew at the …

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U.S. Adds 213,000 in Positive Jobs Report

July 7, 2018July 30, 2018Mike DakkakLeave a Comment on U.S. Adds 213,000 in Positive Jobs Report

The U.S. economy added 213,000 jobs in June, details a jobs report that shows an economy that is growing at near-record levels.

Construction jobs added 13,000 jobs in the month, health care added 25,000 and professional and businesses services, leading …

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Canadian Developer Gets Approval to Build Largest Mall in U.S.

June 25, 2018Mike DakkakLeave a Comment on Canadian Developer Gets Approval to Build Largest Mall in U.S.

A Canadian real estate developer has won approval to build what would be the most expensive and largest mall ever built in the U.S. The mall, to be built in the Miami, FL, area would be a massive 6.2 million-square-foot …

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The Cities Millennials Are Moving to the Most

June 8, 2018June 8, 2018Mike DakkakLeave a Comment on The Cities Millennials Are Moving to the Most

Seattle, WA, is the top destination for millennials according to the latest report by SmartAsset, a financial technology company that provides financial advice.

According to the study, nearly 30,000 millennials moved to city last year, while just over …

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Unemployment Rate at Lowest Rate in 18 Years

June 5, 2018Mike DakkakLeave a Comment on Unemployment Rate at Lowest Rate in 18 Years

The U.S. economy added 223,000 jobs in May, beating expectations and delivering a positive jobs report, indicating a bustling economy. The unemployment rate fell to 3.8%, the lowest it’s been since 2000.

Economists had been expecting an addition of …

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Vermont Will Pay You $10,000 to Move There – And Work from Home

June 2, 2018Mike DakkakLeave a Comment on Vermont Will Pay You $10,000 to Move There – And Work from Home

Vermont Governor Phil Scott has signed a bill into law that calls for the state to pay individuals to move there and telecommute to out-of-state work. The program, called the New Remote Worker Grant Program allocates $5,000 per worker per …

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America’s Hottest Job

May 20, 2018May 20, 2018Mike DakkakLeave a Comment on America’s Hottest Job

America’s most in-demand job right now is data scientist, according to industry analysts. Job postings for the positions rose 75% from January 2015 to January of this year at online job board Indeed.com.

Average salaries are about $119,000 and …

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U.S. Job Openings Now Equal Unemployed

May 8, 2018Mike DakkakLeave a Comment on U.S. Job Openings Now Equal Unemployed

U.S. job openings now nearly match unemployed workers, according to Labor Department data and Bloomberg News.

The April jobs report showed that the U.S. economy added 164,000 jobs. Jobs figures for February were revised slightly downward but were revised …

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Unemployment at 3.9% After Positive Jobs Report

May 4, 2018Mike DakkakLeave a Comment on Unemployment at 3.9% After Positive Jobs Report

The U.S. economy added 164,000 jobs last month in a positive jobs report that indicated the country’s near-record expansion is continuing unabated. Economists were expecting an increase of about 193,000 jobs, but revisions to job figures for February (slightly downward), …

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U.S. Expansion Becomes Second-Longest on Record

May 2, 2018Brian ThornsburgLeave a Comment on U.S. Expansion Becomes Second-Longest on Record

The current United States economic expansion is the second longest in the nation’s history.  The streak became the second-longest on record days before the Federal Reserve Bank is set to decide, in a two-day meeting, whether to increase interest rates …

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Labor Shortages Cause Towns to Pay Residents to Move There

May 1, 2018May 2, 2018Mike DakkakLeave a Comment on Labor Shortages Cause Towns to Pay Residents to Move There

In a sign of the times, several towns across the nation are offering new incentives to people who move there to live and work, the result of a trend going on for years that saw young professionals leaving small towns …

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Retail’s Other Problem – Too Few Salespeople

April 30, 2018April 30, 2018Mike DakkakLeave a Comment on Retail’s Other Problem – Too Few Salespeople

Tens of millions of square feet of retail space has gone dark this year but now retailers are facing another crisis: too few salespeople.

Many of the nation’s biggest store-chains have been cutting staff at an even faster pace than …

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Possible Sites for Amazon HQ2 Narrowing Down

April 23, 2018Mike DakkakLeave a Comment on Possible Sites for Amazon HQ2 Narrowing Down

Twenty North American cities are competing to land the next headquarters for online-retail giant Amazon.com. Reports are that the company has now narrowed the list down to a handful of cities.

The site that’s picked is expected to …

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New Immigrants Better Educated but Not Better Employed

April 23, 2018April 23, 2018Mike DakkakLeave a Comment on New Immigrants Better Educated but Not Better Employed

A new study by the right-leaning Center for Immigration Studies found that the education levels for new immigrants has increased dramatically in the last decade, but employment and income have not kept pace by nearly as much.

The study found …

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Millions of Retail Square Feet Have Gone Dark in 2018

April 19, 2018Mike DakkakLeave a Comment on Millions of Retail Square Feet Have Gone Dark in 2018

The amount of retail space slated to close in 2018 is on pace to be an all-time record according to commercial real estate services firm CoStar Group. As of April the number of square feet of that has gone dark …

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Americans Would Give Up Voting for a 10% Raise

April 17, 2018Brian ThornsburgLeave a Comment on Americans Would Give Up Voting for a 10% Raise

What would you do for a 10% raise?

A recent LendEDU survey revealed that nearly 35% of respondents would give up their voting rights for life in order to get a 10% pay increase. LendEDU, an online student loan marketplace, …

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GM to Lay Off 1,500 from Ohio Plant

April 16, 2018Mike DakkakLeave a Comment on GM to Lay Off 1,500 from Ohio Plant

General Motors has announced that it will lay off close to 1,500 workers from a plant in Ohio. The move is due to market shifts in consumer demands from compact cars to SUV’s and pickup trucks. The shift is attributable …

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