U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.
President Barack Obama’s successful re-election to a second term is sinking in. No matter who small business owners voted for, the election takes away some of the uncertainty that small business owners have been carrying around. The question is whether Obama can satisfy those who say he hasn’t done enough to help them expand and create jobs.
U.S. service companies grew at a slightly slower pace in October than September because of a decline in new orders. But a measure of employment rose, indicating services firms hired more.
Years after graduating as an engineer, I still occasionally miss the mental rigors of calculus and differential equations.
Five years after the housing bust, the U.S. economy is showing signs of finally bottoming out.
Republicans and Democrats jockeyed for economic high ground in a Labor Day warm-up to the Democratic National Convention, with Republican Mitt Romney labeling the holiday “another day of worrying” for too many Americans anxious about finding a job. Supporters of President Barack Obama worked to put a glossy sheen on economic progress after offering a more muddled message over the weekend.
The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year.
Wisconsin economic development leaders have lauded former Bucyrus International Inc. CEO Tim Sullivan’s recommendations on closing the skills gap, a shortage of qualified labor that has hit Wisconsin’s manufacturing sector especially hard.
The U.S. economic recovery hasn’t felt much like one even for people who managed to find new jobs after being laid off. Most of them have had to settle for less pay.
The Federal Reserve is extending a program designed to drive down long-term interest rates to spur borrowing and spending.