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By ALYSSA BROWN, Gallup— Eighteen percent of U.S. workers say it is “very likely” or “fairly likely” they will lose their job or be laid off in the next year. That’s more than said so prior to the 2008 economic downturn, although similar to more recent years. At the same time, 35% say it is […]
Continue reading …By ALYSSA BROWN, Gallup— Gallup’s U.S. Economic Confidence Index was -8 last week, matching the five-year weekly high set the week ending Feb. 3. The current score is up from -13 the previous week. Americans’ confidence in the economy steadily improved throughout the week, even before Friday, when the BLS report showing a decline in […]
Continue reading …FROM THE CONFERENCE BOARD– The April job increase, and upward revisions for earlier months, was a pleasant early spring surprise. Still, the fundamental problem, four years after the official end of recession, is the continued lack of more final demand, holding firms back from hiring faster. This is especially pronounced in the service sector (excluding health […]
Continue reading …By ELIZABETH MENDES, Gallup— Gallup’s U.S. Job Creation Index was +19 in April, near the top of the narrow range found since March 2012, and higher than levels seen from 2009 through 2011. The index score for April is based on 35% of U.S. workers telling Gallup that their employer is hiring new people and […]
Continue reading …Moderate job increases are ahead for the U.S., according to a much-watched economic index. The Conference Board Employment Trends Index (ETI) increased in April. The index now stands at 111.68, up from 111.61 (an upward revision) in March. The April figure is 3.8% higher than a year ago. “Despite weak economic activity, the Employment Trends […]
Continue reading …By DENNIS JACOBE, Chief Economist, Gallup— U.S. self-reported daily consumer spending was $86 in April, not much different than the $89 in March or February’s $83. This lack of change in consumer spending since February could reflect a number of issues, including the end of the payroll tax holiday. These results are based on Gallup […]
Continue reading …Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5%, the U.S. Bureau of Labor Statistics reported Friday, May 3, 2013. Employment increased in professional and business services, food services and drinking places, retail trade, and health care. The unemployment rate, at 7.5%, was changed little in […]
Continue reading …The U.S. Bureau of Labor Statistics (BLS) today (May 2, 2013) reported 0.7% annualized growth in labor productivity for the first quarter of 2013. Also today, the Department of Labor reported first-time claims for unemployment benefits fell the lowest level in five years last week, signaling fewer layoffs in the economy. CNNMoney reports About 324,000 […]
Continue reading …By JENNY MARLAR, Gallup— The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.5% for the month of April, up from 43.4% in March. This is the highest P2P rate so far in 2013, but is still more than a percentage point lower than the 45.7% seen last October, the highest […]
Continue reading …Economic Policy Institute Analysis: Time To Raise The U.S. Minimum Wage Analyzing the recent federal minimum wage proposals: $10.10, $9.00, and $9.80– Raising the minimum wage to $10.10 would give working families and the economy a much-needed boost An in-depth analysis of the impact raising the federal minimum to $10.10 would have, detailing the demographic breakdown of […]
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