Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
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Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.
Vermont's lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.
Along with the new low for Vermont, Pennsylvania at 3.8% and Wisconsin's 2.8% set new standards for state unemployment as indicated by records that go back to 1976. Pennsylvania and Wisconsin's fortunes are significant in that they will be key swing states in the 2020 election, during which the economy's performance under President Donald Trump will be a critical issue.
The trends come the same month that the U.S. rate fell to 3.6%, its lowest reading since December 1969.
That national decline came amid a fall in the labor force participation rate, which pushes the headline number lower. However, a more encompassing gauge that also includes discouraged workers, the underemployed and those considered marginally attached to the labor force also held at 7.3%, an 18-year low.
Alaska has the highest rate in the country at 6.5%.
On a state-by-state basis, 10 saw increases in employment in April while only one saw a decrease. The biggest gainers were California (46,000), Texas (28,900) and New York (26,300). Georgia was the sole job loser with a drop of 14,900.
For the full year, 29 states have seen job gains while the rest have been essentially unchanged. The states with the largest growth over the past 12 months were Texas (294,200), California (271,600) and Florida (206,100.)
Over the past year, the biggest drop in the jobless rate came in Delaware, which fell 0.7 percentage points to 3.2%. The only state whose level is higher in the 12-month period is Hawaii, which rose 0.5 percentage points to 2.8%.