Economy - /contrib/economy

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Millennial debt passes $1 trillion...
Young people have the highest debt levels since the recession, according to the latest numbers from the New York Federal Reserve Consumer Credit Panel. Despite reducing their spending, total debt among 19-to-29-year-olds exceeded $1 trillion at the end of
By Anonymous Submission on 2019-03-04 18:10 UTC
Billionaire Kochs Back GOP/Dem Plan to Outsource Middle Class American Jobs...
The pro-mass immigration Koch brothers' network of billionaire, donor class organizations are backing a Republican-Democrat coalition that would allow for the swift outsourcing of middle-class American jobs to mostly Indian nationals.
By Anonymous Submission on 2019-02-12 19:09 UTC
Monopolies are the 'missing piece of the puzzle' when it comes to analyzing US inequality, investment researchers argue...
The inequality gap between the top 1% and the rest of the United States remains at unstable levels, for a wide variety of reasons.
By Anonymous Submission on 2019-02-05 21:53 UTC
42% of New Yorkers have lived in poverty at some point in the past 3 years...
Data: Robin Hood Poverty Tracker/Columbia University Population Research Center survey of 2,877 New York City adults between 2015 and 2018; Chart: Chris Canipe/Axios 42% of New Yorkers have lived in poverty at some point in the past three years. That'
By Anonymous Submission on 2019-02-03 18:46 UTC
U.S. job gains largest in 11 months; unemployment rate rises...
Submitted to Category: /contrib/business/, /contrib/economy
U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year.
By Anonymous Submission on 2019-02-01 19:59 UTC
GM expected to start cutting 4,000 white-collar workers Monday...
Submitted to Category: /contrib/business/, /contrib/economy
General Motors is expected to start its white-collar job cuts on Monday, but the carmaker might slash fewer jobs than it initially expected.
By Anonymous Submission on 2019-02-01 19:57 UTC
January Layoffs Up 21% to 53,000...
Submitted to Category: /contrib/business/, /contrib/economy
Source: ThinkstockIn a worrying start to the year, major companies laid off 52,988 workers in January, up 20.7% from December and up 18.7% from January a year ago. The data show a mixed trend. Long term, January 2019 numbers were better than for most Janu
By Anonymous Submission on 2019-02-01 19:57 UTC
College Grads Launch Protest Against H-1B Middle-Class Outsourcing...
An expanding group of American professionals is building support for a January 26 protest against the outsourcing of middle-class jobs via the H-1B visa program.
By Anonymous Submission on 2019-01-23 01:28 UTC
Big Cities Are No Longer Lands of Opportunity for Middle-Skilled Workers...
Submitted to Category: /contrib/business/, /contrib/economy
A major route to middle-class prosperity has been closed off
By Anonymous Submission on 2019-01-23 01:28 UTC
86 million Americans fear maxing out a credit card: Report...
Submitted to Category: /contrib/business/, /contrib/economy
Despite the dangers of high-interest loans, many Americans are racking up enough credit card debt to worry about overdrafting their account on a single large purchase.
By Anonymous Submission on 2019-01-22 16:42 UTC
U.S. job growth surges in December; unemployment rate rises...
Submitted to Category: /contrib/US/, /contrib/economy
U.S. employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy's health that has roiled financial markets.' The unemployment rate increased to 3.9 percent from near a 49-year low of 3.7 percent in November
By Anonymous Submission on 2019-01-04 18:50 UTC
Hot jobs in December: Health care, restaurants, construction...
Submitted to Category: /contrib/business/, /contrib/economy
Nearly all industry sectors benefited from the robust jobs in December, with health care and education leading the way by adding 82,000 to their payrolls.
By Anonymous Submission on 2019-01-04 18:47 UTC
Trump lashes out at Fed: 'They're raising interest rates too fast'...
Submitted to Category: /contrib/politics/, /contrib/economy
President Trump again took aim the Federal Reserve for its interest rate hike last week — but said he had overall confidence in the U.S. economy.
By Anonymous Submission on 2018-12-25 17:49 UTC
Dow drops 653 points in worst Christmas Eve trading day ever...
Submitted to Category: /contrib/business/, /contrib/economy
The plummet followed a tumultuous few days in Washington, amid reports that Trump was discussing how to remove Federal Reserve Chairman Jerome Powell.
By Anonymous Submission on 2018-12-24 19:23 UTC
Stocks Pushed to the Brink of a Bear Market on Christmas Eve...
Submitted to Category: /contrib/business/, /contrib/economy
Mnuchin took to Twitter again on Sunday to say he’d spoken to heads of the biggest U.S. banks about liquidity and lending infrastructure, and reconvened a presidential working group established to sort out the Crash of 1987.
By Anonymous Submission on 2018-12-24 19:22 UTC
Dow falls 500 points as investors worry about the economy...
Submitted to Category: /contrib/business/, /contrib/economy
The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue chip giants. The Dow fell 500 points, or 2.1%. The S&P 500 lost 2.1% and retreated to its lowest level of the year.
By Anonymous Submission on 2018-12-17 21:21 UTC
Stocks down, and Dow drops 750 points, reversing gains from U.S.-China trade truce...
Big losses in bank, tech and industrial stocks as Wall Street sees two countries still far apart on key trade issues
By peterb on 2018-12-04 18:43 UTC
Most jobs don't support middle-class life after accounting for cost of living, exclusive study shows...
Submitted to Category: /contrib/US/, /contrib/economy
62 percent of jobs don't pay enough to support middle-class lifestyle after figuring metro area's cost of living.
By Anonymous Submission on 2018-11-10 16:39 UTC
Will the Global Market Crash of 2018 be the Beginning of the Greatest Financial Crisis the World Has Ever Seen? - IRIS...
Submitted to Category: /contrib/business/, /contrib/economy
The global selloff has erased $5 trillion from stock and bond markets in October alone! October is a historically bad month for stocks. Many of the most dramatic crashes have begun during this month. The global market crash of 2018 seems to be in line with this trend and the crash is
By Anonymous Submission on 2018-11-03 15:55 UTC
Obama Says 'Remember Who Started' Economic Recovery: Larry Kudlow Reacts...
Submitted to Category: /contrib/politics/, /contrib/economy
National Economic Council Director Larry Kudlow took issue with former President Barack Obama stating "remember who started" the country's economic recovery after the Great Recession.
By Anonymous Submission on 2018-10-23 15:45 UTC
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