The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
Continu…
While the manufacturing sector continued to expand and the U.S. budget deficit was less than expected in August, consumer sentiment unexpectedly hit a roadblock, falling 2.3 points in September to 66.6 — the index’s lowest level since August 2009.
A …
Increased hiring of temps and in industries such as retail and tourism has barely offset the far larger job cuts in print media and telecom, according to the UCLA Anderson Forecast.
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Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front.
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The sector specializing in short-term and freelance jobs has taken on a split personality of sorts. Demand for contractors is ticking upward, but pay rates are going the other way.
Continue reading Freelancers …