The Commerce Department on Tuesday said the nation’s gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported last month. It said efforts by businesses to reduce an inventory bloat had not been as aggressive as previously believed.
The Conference Board’s Consumer Confidence Index fell to 90.4 in November, missing estimates for 99.5. It was also lower than October’s reading of 99.1.
In his final term, Brown is focused on creating a legacy of fiscal prudence after inheriting a $26.6 billion state deficit when he returned to the governor’s office in 2011. But unlike social measures that can easily pass the state Legislature on a majority vote, finance issues are more complex. Tax increases require both Republican and Democratic support to reach a two-thirds vote.
“Small firms with fewer than 50 employees have been the primary engine of job creation during the post-recession recovery, but that turned last month, according to a report Wednesday from ADP and Moody’s Analytics.”
Companies added 190,000 jobs to close out the summer, a number that was better than July’s downward-revised 177,000 and below the expected 201,000 new positions.
Private companies in June created positions at the fastest clip this year, indicating a thaw in the labor market as summer began.
A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest net migration out of those states.
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.
The number of private sector jobs in the Los Angeles area has remained relatively flat over the past quarter century, while employment in the San Francisco Bay Area has boomed, a report by a business group shows.
The Golden State sets the gold standard for innovation and access to capital, and its economy is turning around. But “golden” could also describe the state’s costs of living and doing business.
The Golden State sets the gold standard for innovation and access to capital, and its economy is turning around. But “golden” could also describe the state’s costs of living and doing business.
There’s a surprise side order of sourpuss getting served up in the national argument over raising the minimum wage: Some say they’ll stop tipping when they go out to eat.
We scored all 50 states on 51 measures of competitiveness developed with input from business groups including the National Association of Manufacturers and the Council on Competitiveness.
. . . scored all 50 states on 51 measures of competitiveness developed with input from business groups