The latest layoffs do not signal to collapse the labor market.
Don't let the layoff news from Disney, United Airlines, American Airlines, etc. discourage you. Individually these numbers seem humongous, but they not enormous wrt to the total job market. To know more, click here. ...
Jobless claims come in at 837000
There was a decline of 36000 in comparison to the previous week's claims. For five straight weeks, the number has stayed below 1 million. The expiration of benefits provided by the government has lead to a decline of 2.7 % in personal income. Read more on this here. ...
Some bright spots and some holes in the US economy
The growth has been slow but there's hope as a lot of companies have started their rehiring processes. There's still a gap of 11million jobs between the present numbers and February numbers. Disposable personal income fell by $571 million. More on this here. ...
Small manufacturing firms drive the Oregon economy
The manufacturing sector has seen tremendous growth in the last few years, with more than 264000 manufacturing jobs created in 2018, the highest in a single year in the last two decades. In Oregon, about 48% of them are employed by small firms. August 2020 saw an addition of 29000 manufacturing. Cl ...
U.S. manufacturing sector slows in September
Manufacturing, which accounts for 11.3% of the US economy slowed down in September. The Institute for Supply Management (ISM) index of national factory activity fell to 55.4 in September as compared to 56 in the month fo August. You can read more about this here. ...
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