Topic: Economy
News
June 9, 2015
As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees.
News
June 9, 2015
Broadly speaking, the high level of part-time workers now found in the economy make improvements in the jobless rate look better than it actually is. The unemployment rate, one of the most important indicators of the nation’s economic health, has undergone a rapid decline in recent years. After peaking at nearly 10% in the spring of 2010, it now stands at 5.5%.
News
June 9, 2015
U.S. economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year's 2.4 percent, according to a forecast by a group of U.S. business economists.
News
June 9, 2015
The survey showed 70% of CEOs expect sales to increase in the next six months, down from 80% in the first-quarter survey and the lowest level since 2012. Only 35% plan to increase capital spending, down from 45%, and 34% plan to boost hiring, down from 40%.
News
June 8, 2015
Most Americans believe the climate is changing, according to various polls, but double-digit percentages do not. And of those who acknowledge the problem, the number of people who think humans are responsible – or who are alarmed by it – falls much lower. In California, according to a Public Policy Institute of California poll released last year, an overwhelming eight in 10 people view global warming as a threat to the state’s economy and quality of life, but fewer than half – 49 percent – say it is a very serious problem.
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