Friday's Bureau of Labor Statistics employment report removes any doubt that Wednesday's robust jobs report was an aberration. By Bob Adelmann
The South Korean behemoth maker of consumer electronics, semi-conductors, ships, and telecommunications equipment was reported by the Wall Street Journal to be investing $300 million in facilities in South Carolina and simultaneously bringing 500 jobs back from Mexico to work there.
The ADP/Moody’s jobs report released on Wednesday showed job growth 50-percent ahead of Wall Street’s expectations: 298,000 jobs were created in February versus expectations of less than 200,000 by economists polled by the Wall Street Journal. The job growth was all across the spectrum, with construction and manufacturing sectors adding 106,000 new jobs.
The union representing AT&T workers in five southern states has reached a tentative agreement with AT&T Southwest that includes a promise to hire 3,000 American workers to do jobs previously done overseas.
With union pension plans on the route to going broke and unions looking to the Pension Benefit Guaranty Corporation, it should be asked, "And just who backs up the PBGC?"
Harvard's new endowment manager, Narv Narvakar, has shaken things up after a dismal performancee, but he is repeating the mistakes of the old manager.
Although forecasters are surely correct that the deficit spending that the country has been engaging in cannot last forever (and will likely end in turmoil), the trick to forecasting is getting the date right.
Treasury Secretary Steven Mnuchin said on Fox News on Sunday that cuts in entitlement programs — i.e., Social Security and Medicare — won’t appear in the president’s budget.
A Reuters/Ipsos survey released on Tuesday revealed that one-third of U.S. adults are eating out less frequently than they were just three months ago. Two-thirds of those staying home said it was because of higher restaurant prices.