economy

ID 128056932 © Borka Kiss | Dreamstime.com
December 04, 2018 - 6:02 pm
By STAN CHOE , AP Business Writer Eds: With BC-Financial Markets. With AP Photos. NEW YORK (AP) — One of the most reliable warning signals for a recession just got a bit brighter. The signal is called the "yield curve," and it shows how the bond market is feeling about the U.S. economy's long-term...
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ID 19950734 © Mira Agron | Dreamstime.com
December 04, 2018 - 2:26 pm
WASHINGTON (AP) — A lack of clarity around a U.S.-China trade truce, announced over the weekend by the Trump administration, is contributing to a sharp fall in the stock market. The Dow Jones industrial average plummeted 586 points in early afternoon trading, a drop of 2.3 percent. Other market...
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ID 78781053 © Tashatuvango | Dreamstime.com
December 03, 2018 - 10:43 am
WASHINGTON (AP) — U.S. manufacturers expanded at a faster pace in November as new orders surged, a positive sign for economic growth heading into 2019. The Institute for Supply Management, an association of purchasing managers, says its manufacturing index rose to 59.3 last month from 57.7 in...
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Trailer company to expand in Virginia. © Marko Bukorovic | Dreamstime.com
© Marko Bukorovic | Dreamstime.com
November 12, 2018 - 12:51 pm
RICHMOND, Va. (AP) - Gov. Ralph Northam says Virginia beat out two other states to land 42 potential new manufacturing jobs building steel and utility trailers. Northam said last week that Carry-On Trailer will spent $1.6 million to expand its facility in Westmoreland County. The governor said...
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dreamstime
August 06, 2018 - 4:16 pm
WASHINGTON (AP) - Three months after he pulled the United States out of the Iran nuclear deal, calling it "horrible" and "one-sided," President Donald Trump is re-imposing many sanctions on Tehran to exert "maximum economic pressure." Trump warns that other nations who don't wind down their...
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(AP Photo/Gregory Bull)
August 03, 2018 - 12:16 pm
By COLLEEN LONG , Associated Press WASHINGTON (AP) — One of President Donald Trump's priorities, low unemployment, is complicating another: curbing immigration. With the number of jobs available exceeding the number of Americans seeking jobs, employers are looking beyond the border to fill openings...
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(AP Photo/Lynne Sladky)
August 03, 2018 - 12:02 pm
By CHRISTOPHER RUGABER , AP Economics Writer WASHINGTON (AP) — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year. The unemployment rate ticked down to 3.9 percent from 4 percent, the Labor Department said Friday...
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(AP Photo/Charles Rex Arbogast)
July 27, 2018 - 9:57 am
By MARTIN CRUTSINGER , AP Economics Writer WASHINGTON (AP) — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 percent. That's the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered...
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July 20, 2018 - 3:24 pm
Richmond, VA _ Governor Ralph Northam today announced that Virginia’s seasonally adjusted unemployment rate was unchanged in June at 3.2 percent, but was down 0.5 percentage point from a year ago. The 3.2 percent seasonally adjusted unemployment rate in May and June is the lowest rate since the...
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dreamstime
July 14, 2018 - 9:42 am
WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. The...
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