by Mrinalini Nayak | May 23, 2023 | Economy, Housing, Inflation, Jobs, Manufacturing
Ajax Paving Industries, Florida LLC couldn’t be any busier this year. The company is bagging multiple contracts for re-building interstate highways and roads in Florida as the fast growing state sees skyrocketing development from building roads and airports to homes...
by Caroline Handel | May 17, 2023 | Economy
Hiring numbers once again eclipsed economists’ projections in April, indicating a stubbornly resilient labor market defying high interest rates, elevated inflation, and banking industry turmoil. The U.S. economy added 253,000 jobs last month, according to data...
by Divya Murthy | May 15, 2023 | Economy
The Census Bureau will release data on retail sales for April on Tuesday, with most economists predicting a weak report for the month. High prices and slowing wage growth will continue to dampen spending, which economists expect will either post a modest increase or...
by Divya Murthy | May 13, 2023 | Economy
Roscoe has worked at the Sterling Heights Stellantis plant for 12 years, building the Ram1500 TRX pickups. In the coming years, he’s cautiously optimistic about building and tinkering with a new beast: the EV, as auto plants in Michigan and beyond reorient their...
by Joseph Lingad | May 10, 2023 | Consumer Price Index, Economy, Inflation, Jobs
The Labor Department will release April’s Consumer Price Index Wednesday–a measure of prices for goods and services–amid sticky inflation, a robust job market, and the recent banking turmoil. Bloomberg is forecasting April’s inflation will remain at 5% but see...
by Mariam Kiparoidze | Apr 28, 2023 | Economy, Personal Income
Photo by Alexander Grey on Unsplash After beginning this year hot, the economy began to slow in February, with U.S. consumers spending less and inflation easing. On Friday, The Bureau of Economic Analysis will release its Personal Income and Outlays report, showing if...