Moody’s: Trump’s plans would cost 3.5 million jobs

Electing Donald Trump president would be terrible for the economy, according to a new report from Moody’s Analytics. The super rich would get richer and everyone else would be worse off, Moody’s concludes. Just how bad would it get? The downturn under a President Trump would last longer than the Great Recession. About 3.5 million […]

Why Donald Trump and Hillary Clinton will ‘destroy jobs

Hillary Clinton and Donald Trump are fighting to convince voters that they are the candidate that will create the most “good-paying jobs.” Trump has staked his presidential campaign on bringing jobs — especially manufacturing jobs — back from China, Mexico and other places overseas. It’s not going to happen, say business leaders and experts across […]

Opinion: Needing a license to work in so many jobs is hurting the economy

In the early 1950s, less than 5% of workers were required to obtain a government license to enter certain occupations. Today, it’s more like 25%. That 5-fold rise is due mostly to an increase in the number of professions that require a license. Like most economic policies, occupational licensing has benefits and costs. To be […]

Gabler, Sankey Support Bipartisan Passage of Pro-Jobs Bill

HARRISBURG – State Reps. Matt Gabler (R-Clearfield/Elk) and Tommy Sankey (R-Clearfield/Cambria) expressed their support for legislation that will align state law with newly relaxed federal timelines associated with so-called “Clean Power Plan” mandates. Senate Bill 1195, which was sent to Gov. Tom Wolf’s desk Wednesday after passing the House and Senate, sets in statute timelines for […]

Oil jobs are still disappearing despite higher prices

Crude prices have climbed out of the cellar. But in Britain, job losses in the oil industry continue to pile up. By the end of 2016, low oil prices will have cost the United Kingdom an estimated 120,000 jobs, according to a study commissioned by industry group Oil & Gas UK. The industry will employ […]

Ralph Lauren to cut jobs by 8%

Ralph Lauren is getting a big makeover. The fashion company plans to restructure its business by reducing its workforce, closing stores and shifting focus to its core brands. Ralph Lauren is calling the new strategy its “Way Forward Plan.” The company also plans to cut 8% of its workforce in the current fiscal year. As […]

Yellen reels back Fed rate hike talk after ‘disappointing’ jobs report

Janet Yellen probably just took a June rate hike off the table. After Friday’s weak jobs report, Yellen expressed concern about the recent hiring slowdown just one week before the Federal Reserve’s committee meets in Washington. “This past Friday’s labor market report was disappointing,” Yellen said in a speech on Monday in Philadelphia. In May, […]

America’s economy is stronger than weak jobs report

The panic-inducing May jobs report doesn’t connect with the U.S. economy. A major red flag was raised on Friday when the U.S. reported that hiring slowed sharply in May to the lowest level since 2010 and it was the third straight decline in job gains. But it came at a time when unemployment is really […]

3 things to know about Friday’s jobs report

America’s job market could be in for a surprise Friday. The Labor Department publishes the May jobs report at 8:30 a.m. ET Friday. Economists surveyed by CNNMoney forecast that the U.S. economy added 159,000 jobs in May. In April, there were 160,000 new jobs added. The April number was lower than expectations and some experts […]

Jobs report shock coming Friday, but it’s a one-time thing

Verizon’s striking workers may have taken a toll on the U.S. economy. About 36,000 Verizon employees went on strike for 6 weeks demanding better pay, working conditions and jobs kept in the United States. The conflict ended last Friday after several days of negotiations and the intervention of U.S. Labor Secretary Tom Perez. Economists believe […]

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