06/18/2018

News

Thefts rise after California reduces criminal penalties

California voters’ decision to reduce penalties for drug and property crimes in 2014 contributed to a jump in car burglaries, shoplifting and other theft, researchers reported. Larcenies increased about 9 percent by 2016, or about 135 more thefts per 100,000 residents than if tougher penalties had remained, according to results of a study by the […]

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American Job Openings Now Outnumber the Jobless

The U.S. had more job openings this spring than unemployed Americans. For the first time since such record-keeping began in 2000, the number of available positions exceeded the number of job seekers, the Labor Department said Tuesday, a shift that is rippling across the economy and affecting the behavior of employers and workers. U.S. job […]

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California sees slowing population growth

However, as the latest data again confirm, the state’s rate of population growth has been declining. During the 1980s, thanks to high immigration and birth rates, California was expanding by 2-plus percent a year, adding 6 million residents in just 10 years. However, immigration, legal and illegal, is now a fraction of what it once […]

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California now has world’s 5th largest economy

California has surpassed the United Kingdom to become the world’s fifth largest economy. Federal data released Friday show California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion. The UK’s economic output slightly shrunk over that time as it prepared to leave the European Union.

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U.S. Foreign-Trade Deficit Narrowed in March

The U.S. trade gap narrowed sharply in March, partly reversing a widening in the deficit that followed hurricane-related disruptions late last summer. The international-trade deficit in goods and services shrank 15.2% from a month earlier to a seasonally adjusted $48.96 billion in March, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal […]

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U.S. Jobless Rate Falls Below 4% For First Time Since Late 2000

Unemployment in the U.S. has fallen to one of the lowest levels of the post-World War II era, the result of a historically long jobs expansion that shows little evidence of slowing. The jobless rate fell to 3.9% in April from 4.1% a month earlier, hitting the lowest level since December 2000, the Labor Department […]

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U.S. Jobless Claims Drop to Lowest Level Since 1969

The number of Americans applying for unemployment benefits fell to the lowest level since 1969, the latest sign the labor market is firming after years of steady job growth. Initial jobless claims, a measure of layoffs across the U.S., fell 24,000 to a seasonally adjusted 209,000 in the week through April 21, the Labor Department […]

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U.S. Economy Grew at 2.3% Rate in First Quarter

U.S. economic growth slowed in the first quarter, largely the result of a deceleration in consumer spending that hit even though tax cuts fattened the wallets of many American households. Gross domestic product—the value of all goods and services produced in the U.S., adjusted for inflation—rose at an annual rate of 2.3% for the months […]

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Is America Running Out of Unemployed People to Fill Jobs?

For every job opening in America, there’s now barely more than one unemployed person available to take it. The number of job openings in the U.S. has touched another record high while the number of Americans readily available to fill those roles trends lower, according to Labor Department data released Friday.

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Job openings surge to a record 6.3 million, Labor Department says

Job openings in the U.S. surged to a record 6.3 million, according to the most recent count from the Bureau of Labor Statistics. The number of new positions surged by 645,000 as of the end of January, a new high for the Job Openings and Labor Turnover Survey. The metric gets close attention from Federal […]

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Real average hourly earnings increased 0.4 percent from February 2017 to February 2018

From February 2017 to February 2018, real average hourly earnings increased 0.4 percent, seasonally adjusted. The increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.6-percent increase in real average weekly earnings over the 12-month period.

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U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans filing new applications for unemployment benefits fell last week to the lowest level since December 1969, offering fresh evidence of health in the labor market. Initial jobless claims, a proxy for layoffs across the U.S., declined by 10,000 to a seasonally adjusted 210,000 in the week ended Feb. 24, the Labor […]

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Real average hourly earnings increased 0.8 percent from January 2017 to January 2018

From January 2017 to January 2018, real average hourly earnings increased 0.8 percent, seasonally adjusted. The increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over the 12-month period.

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U.S. Producer Prices Returned to Upward Path in January

U.S. producer prices rose in January, the latest sign of building inflation pressure in the economy. The producer-price index, a measure of the prices businesses charge for their goods and services, rose a seasonally adjusted 0.4% in January from a month earlier, the Labor Department said Thursday. From a year earlier, producer prices advanced 2.7% […]

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Consumer Prices Jump in Sign of Firming Inflation

The consumer-price index, which measures what Americans pay for everything from salad dressing to fares on public transportation, rose a seasonally adjusted 0.5% in January, the Labor Department said Wednesday. Excluding the volatile food and energy categories, so-called core prices rose 0.3%. That was above economists’ expectations for a 0.4% rise in consumer prices, and […]

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