Economy News Updates

Government, Business

US Wholesale Prices Fall 0.6%, Biggest Decline in Five Years

WASHINGTON — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs.

March 12, 2020
Business

US Businesses Add 183,000 Jobs in Sign of Pre-Virus Health

WASHINGTON — U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread farther around the globe.

March 4, 2020
Government, Business

US Construction Spending Up 1.8% in January to Record Level

WASHINGTON — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.

March 2, 2020
Government, Business, Safety, Logistics

Economists Fear Possible Recession as Coronavirus Spreads

Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.

March 2, 2020
Government, Business

ATA’s Bob Costello Cautiously Optimistic on US Economy, Trucking

AURORA, Colo. — It is unlikely in 2020 both the U.S. economy and the trucking industry will soar to the levels they did in 2018, but that doesn’t mean the year won’t see adequate growth to continue the expansive economic recovery, according to ATA Chief Economist Bob Costello.

February 11, 2020
Government, Business, Perspective

Perspective: An Unexpectedly Good Job Market

With labor market data for the 2010s behind us after the employment report released earlier this month, the big takeaway for the decade is that a much higher level of employment was possible without generating inflation.

January 22, 2020
Business

Smaller Share of US Small Businesses Unable to Fill Positions

U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.

January 9, 2020
Government, Business, Fuel

Two Federal Studies Say Trade War With China Is Damaging US Economy

Even as the Trump administration is set to sign phase one of the trade agreement with China, consumers and American businesses continue to feel the impact of the U.S.-China trade war.

January 9, 2020
Government, Business

Federal Reserve Saw Declining Recession Risk in December

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

January 3, 2020
Government, Business

US Trade Gap Narrows 7.6% to $47.2 Billion in October

WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.

December 5, 2019