September Jobs report shows economy adds 661k jobs
The jobless rate fell to 7.9% in September, the Department of Labor announced on Thursday. Last month, the economy added 661,000 job...
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Capacity Crunch Ahead!
It looks like the second quarter lull in transportation is coming to an end. Now logistics appears to be having the opposite problem...
Happy Birthday, OPEC! Group Cuts Oil Outlook Again
Happy birthday, OPEC! The cartel turns 60 today. Unfortunately, OPEC has some not so great birthday news to share. In its Monthly Oi...
The Economy Is Recovering More Quickly Than Expected
Let’s end the week on some good news. The US economy and labor market are recovering from the coronavirus and ensuing lockdowns more...
FedEx Holiday Hires Will Rise By a Quarter
Last month, we reported that the coronavirus has likely accelerated e-commerce growth by five years. Well, now with the holiday seas...
Manufacturing Continues Its Climb in August
Manufacturing continues to claw its way back, as shown by new evidence on Tuesday. The Institute for Supply Management’s manufacturi...
US Debt to Reach 98% of GDP This Year
Well, here’s some exciting news to get you through that mid-week slump. The coronavirus response has pushed debt in the United State...
Tropical Storms Give Diesel Prices a Boost
Diesel prices are up by 1.5 cents nationwide, thanks to Hurricane Laura. The Energy Information Agency released its latest Gasoline...
Consumer Spending Slowed, But Didn’t Stop in July
Consumer spending continued to climb, but at a slower pace in July. According to Commerce Department figures, spending rose by 1.9%...
Some Furloughs are Turning Permanent…Including in Trucking
So much unemployment news this week! Last week, we warned you that American Airlines will likely cut 19,000 positions when federal a...