There’s plenty of anecdotal evidence that America’s workers are being left behind. But now a group of researchers and economists have identified a key part of the problem — the kinds of jobs... Read more »
The federal deficit reached $134 billion in October, the first month of fiscal 2020, according to data the Treasury Department released Wednesday. The Hill reports: That figure is about 34 percent higher than last October, a... Read more »
Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The project, code-named Cache, is expected to launch next year with accounts run by... Read more »
Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones. The unemployment rate ticked higher to 3.6%, in line with estimates, but remains around... Read more »
The Commerce Department on Wednesday said economic activity in the U.S. grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter.... Read more »
The U.S. economy has hit a lot of bumps in the road lately and the way forward is unlikely to get any smoother. MarketWatch reports: The first big clue will come Wednesday.... Read more »
American workers are more productive than ever, but their paychecks haven’t kept pace. Researchers with the Federal Reserve Bank of San Francisco have a culprit: robots. CBS News reports: Economists Sylvain Leduc and... Read more »
Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s... Read more »
The economy added 136,000 new jobs in September, according to Bureau of Labor Statistics. And the U.S. unemployment rate dropped to 3.5%, the lowest rate since December 1969. MarketWatch reports: The resilience... Read more »
What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. Bloomberg reports: While concrete figures on... Read more »