WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.
November 1, 2024Economy News Updates
Storms and Strikes Hold New Jobs to Just 12,000 in October
Economy Grows at Solid 2.8% Pace on Strong Consumer Spending
WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.
October 30, 2024Fed Faces Trust Gap in Economic Management, New Data Show
The average level of trust in the Fed’s ability measured 3.2 on a scale of 1 to 7, with 7 representing the highest trust. The authors also found a political divide among respondents.
October 28, 2024Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.Â
October 23, 2024Trump Eyes Energy Emergency to Push Gasoline Below $2
A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.
September 5, 2024Trump Win Could Dent Future US GDP Growth, Goldman Warns
Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections.
September 3, 2024Port Traffic Booms Despite Recession Fears
The busiest port complex in the U.S. is churning through import volumes near the highs set during the pandemic despite worries about a cooling economy.
August 19, 2024Economic Growth for Q1 Is Revised Up to a 1.4% Annual Rate
WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.
June 27, 2024Virginia Touts Robust Economic Growth in Richmond Region
Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.
April 17, 2024US Small-Business Optimism Drops by Most Since End of 2022
U.S. small-business optimism in January suffered the biggest drop since 2022, due to weak profits and sales expectations, according to the National Federation of Independent Business.
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