There is growing debate over the idea that governments should provide citizens with a safety net to cover life’s necessities. While still largely a non-starter in the U.S., universal basic income (UBI) — or guaranteed money from the government — has the backing of several tech-world luminaries, including Mark Zuckerberg, Elon Musk, and Richard Branson. […]
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.
San Francisco is such a boomtown that people are leaving in droves. In 2016 and 2017, more people moved out of the San Francisco-Oakland-Hayward metropolitan area—an urban core of 4.7 million people in a broader region known as the Bay Area—than moved into it from other parts of California or the U.S., according to U.S. […]
America is facing a new housing crisis. A decade after an epic construction binge, fewer homes are being built per household than at almost any time in U.S. history. Home construction per household a decade after the bust remains near the lowest level in 60 years of record-keeping, according to the Federal Reserve Bank of […]
Volkswagen has pulled into Tesla Inc.’s rearview mirror and vowed to overtake the electric-car pioneer with an extensive rollout of battery and hybrid models over the next five years, as well as new production facilities around the world. The German car maker—which is the largest world-wide, with sales of 10.7 million vehicles last year—said Tuesday […]
Black labor-force participation—meaning the number of people working or looking for work—is trending up, while broader participation in the U.S., particularly among whites, has flattened after falling. Participation by race is now near a crossroad. The share of black Americans actively working or looking for work was 62.9% in February, while the corresponding white rate […]
The U.S. job market is booming and workers’ paychecks are growing thanks to a tax cut and raises. But Americans hunkered down on spending last month, a puzzle for an economy that leans heavily on their willingness to consume. Sales at U.S. retailers fell 0.1% in February, marking a three-month slide. Much of the decline […]
China’s exports surged unexpectedly in February, further widening its global trade surplus at a time when the Trump administration has put a special focus on the U.S. trade deficit with Beijing. Chinese exports jumped 44.5% in February from a year earlier, the General Administration of Customs said Thursday. Economists polled by The Wall Street Journal […]
The friction around the best path forward after high school is popping up around the country as anxious students and families try to figure out how to pay for four years of college. At the same time, business groups and state governments make the case for a free or much cheaper vocational education. The conversation […]
The amount of income subject to corporate taxes on the state level will increase by 12% because of the federal-tax overhaul, which removed or limited tax breaks, according to a business-backed study. When the top federal corporate-tax rate was 35%, state corporate-tax rates ranging from 3% to 12% were relatively insignificant for many big companies. […]
The trade deficit widened further in early 2018, a deteriorating backdrop to President Donald Trump’s ramped-up efforts to close the gap with the help of tariffs. The U.S. trade gap in goods and services expanded 5.0% from the prior month to a seasonally adjusted $56.60 billion in January, the Commerce Department said Wednesday. It was […]
Robust hiring is drawing people into the U.S. labor market, a healthy mix that suggests the economy can run strong without overheating and forcing the Federal Reserve to curb growth with aggressive interest-rate increases.
The French report describes a new study by climate physicists Peter Cox and Mark Williamson of the University of Exeter and Chris Huntingford of the U.K.’s Center for Ecology and Hydrology. Not only does it narrow the range of expected warming to between 2.2 and 3.4 degrees Celsius, but it rules out the possibility of […]
The incomes of U.S. households jumped in January, reflecting tax law changes that are reducing tax withholding and led to one-time bonuses for some households. After-tax income, including earnings from salaries, investments and other sources, rose 0.9% in January from December, the Commerce Department said Thursday. That matched the largest monthly gain since December 2012, […]
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 […]