Hard hitting global and local news
Hard hitting global and local news
Read the article: ISM Disappoints, Led by Decline in Employment
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%
Read the original: Employment Compensation Costs (Wages and Benefits) Jump in First Quarter
Read the original post: Initial Unemployment Claims Plunge to 262,000 – Lowest Since April 2000; What’s Going On?
Let’s dive into the First Quarter 2015 (Advance Estimate) report for details. The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending
View article: Costco vs. Walmart and Reader Responses Over Minimum Wage
Originally posted here: Reader Question: Is the Minimum Wage Really a Maximum Wage?
The San Francisco Chronicle details the problem in BART has New Problem: Old Tracks . The nearly half-century-old system needs to replace its worn steel rails and cross ties.
Read More: Supersaturation and Store Cannibalization: McDonald’s to Close 700 Stores, 350 Already Took Place First Quarter