Topic: Economy
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.
News
June 5, 2015
U.S. employers ramped up hiring last month and wages picked up after a winter lull, signs of an accelerating economy that nudge the Federal Reserve toward a September interest-rate increase.
News
June 5, 2015
The average annual pay for tech workers in Silicon Valley, including Santa Clara and San Mateo counties, is 66 percent higher than the next-closest region in the U.S. — Seattle — according to the UCLA Anderson Forecast report released Wednesday. The hiring boom has helped California reach 2.5 percent job growth.
News
June 5, 2015
Despite the bad news, consumer spending and home building are rising. Real disposable personal income is roaring ahead at growth rates of 6.2 percent in the first quarter of 2015 and 3.6 percent at the end of 2014. Even the personal savings rate is up (5.5 percent so far this year and 6.2 percent at the end of 2014). These consumer factors are attributed to an increase in government social benefits, though, and not to jobs and economic prosperity. Social Security makes payments to more than 64 million Americans and nearly 3 million more receive federal government retirement checks. More than 20 percent of the US population is basically living on fixed-incomes.
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