20 percent of US ‘lowest wage earners’ pay goes into their water bills: Xylem

20 percent of US ‘lowest wage earners’ pay goes into their water bills: XylemPatrick Decker of Xylem explains the three main global water challenges that his firm attempts to address on a household level.


20 percent of US ‘lowest wage earners’ pay goes into their water bills: XylemPatrick Decker of Xylem explains the three main global water challenges that his firm attempts to address on a household level.
20 percent of US ‘lowest wage earners’ pay goes into their water bills: Xylem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08
Keywords: news, cnbc, companies, water, goes, lowest, level, wage, xylem, bills, main, household, earners, xylempatrick, pay


20 percent of US 'lowest wage earners' pay goes into their water bills: Xylem

20 percent of US ‘lowest wage earners’ pay goes into their water bills: Xylem

Patrick Decker of Xylem explains the three main global water challenges that his firm attempts to address on a household level.


Company: cnbc, Activity: cnbc, Date: 2020-01-08
Keywords: news, cnbc, companies, water, goes, lowest, level, wage, xylem, bills, main, household, earners, xylempatrick, pay


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US trade deficit falls more than expected to hit lowest level since Trump took office

The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering tariff battle between the two sides. President Donald Trump made reducing the trade deficit a major priority of his administration, and November marks the first month that it actually happened. The fall in imports is not expected to last but likely will contribute to the stronger fourth-quarter GDP reading. “This is on track to be a positive contribution for GDP growth in Q4, but


The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering tariff battle between the two sides.
President Donald Trump made reducing the trade deficit a major priority of his administration, and November marks the first month that it actually happened.
The fall in imports is not expected to last but likely will contribute to the stronger fourth-quarter GDP reading.
“This is on track to be a positive contribution for GDP growth in Q4, but
US trade deficit falls more than expected to hit lowest level since Trump took office Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: jeff cox
Keywords: news, cnbc, companies, office, china, goods, deficit, trade, trump, expected, lowest, hit, falls, growth, gdp, imports, fell, billion, took, level


US trade deficit falls more than expected to hit lowest level since Trump took office

The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering tariff battle between the two sides.

The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit since October 2017. That was down sharply from the $46.9 billion in October, which was revised lower from an initially reported $47.2 billion.

President Donald Trump made reducing the trade deficit a major priority of his administration, and November marks the first month that it actually happened. The gap had continued to grow despite the White House’s intense pressuring of Beijing to loosen its trade barriers and to stop appropriating U.S technology.

In addition to representing the low point of the Trump administration, the numbers also provide further indication that fears of a weak fourth quarter for GDP were probably overblown. Where economists had once projected little if any growth to close the year, consensus is now for 2%, according to CNBC’s Rapid Update gauge.

“The stabilization in global manufacturing activity, and the trade truce with China, suggest that the drag on the US economy from weak growth overseas has now run its course,” Andre Hunter, senior U.S. economist at Capital Economics, said in a note.

After a nearly two-year skirmish that saw both sides lob tariffs back and forth, the U.S. and China are expected to sign the first phase of a trade deal later this month.

The deficit with China decreased $2.2 billion in November to $25.6 billion owing to a $1.4 billion increase in exports and an $800 million decline in imports. The fall in imports is not expected to last but likely will contribute to the stronger fourth-quarter GDP reading.

“This is on track to be a positive contribution for GDP growth in Q4, but for the wrong reasons,” said Jeffrey Kleintop, chief global investment strategist at Charles Schwab. “Falling imports in every major category is what we see in this report, and that includes capital goods. That is not a good sign for business investment.”

Overall for the U.S., exports rose $1.4 billion to $208.6 billion while imports fell $2.5 billion to $251.7 billion.

On a year-to-date basis, the total deficit of goods and services fell $3.9 billion, or 0.7%, from the same period in 2018 due largely to a $3.9 billion fall in imports.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: jeff cox
Keywords: news, cnbc, companies, office, china, goods, deficit, trade, trump, expected, lowest, hit, falls, growth, gdp, imports, fell, billion, took, level


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Manufacturing economy weakest in a decade as December ISM index comes in at 47.2

Manufacturing activity in the U.S. contracted to its lowest level in more than a decade last month even as China and the U.S. showed progress on the trade front. The Institute for Supply Management said Friday its manufacturing index fell in December to 47.2. That’s its lowest level since June 2009, whet it hit 46.3. December also marked the fifth straight month of contraction for the U.S. manufacturing sector. Still, ISM said new orders in the manufacturing sector dropped 0.4 percentage points


Manufacturing activity in the U.S. contracted to its lowest level in more than a decade last month even as China and the U.S. showed progress on the trade front.
The Institute for Supply Management said Friday its manufacturing index fell in December to 47.2.
That’s its lowest level since June 2009, whet it hit 46.3.
December also marked the fifth straight month of contraction for the U.S. manufacturing sector.
Still, ISM said new orders in the manufacturing sector dropped 0.4 percentage points
Manufacturing economy weakest in a decade as December ISM index comes in at 47.2 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: fred imbert
Keywords: news, cnbc, companies, level, economy, manufacturing, 472, institute, comes, management, ism, decade, supply, lowest, sector, trade, index, weakest, reading, month


Manufacturing economy weakest in a decade as December ISM index comes in at 47.2

A worker attaches a rear door to an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019.

Manufacturing activity in the U.S. contracted to its lowest level in more than a decade last month even as China and the U.S. showed progress on the trade front.

The Institute for Supply Management said Friday its manufacturing index fell in December to 47.2. That’s its lowest level since June 2009, whet it hit 46.3. Economists polled by Reuters expected a reading of 49 for December. Anything below 50 represents sector contraction.

December also marked the fifth straight month of contraction for the U.S. manufacturing sector.

“Global trade remains the most significant cross-industry issue, but there are signs that several industry sectors will improve as a result of the phase-one trade agreement between the U.S. and China,” said Timothy R. Fiore, chair of the Institute for Supply Management, in a statement.

China and the U.S. announced last month that they reached a so-called phase one trade deal, which President Donald Trump later said would be signed on Jan. 15.

Still, ISM said new orders in the manufacturing sector dropped 0.4 percentage points in December to 46.8, down from a November reading of 47.2. Employment, order backlogs and inventories also dropped last month while prices rose.


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: fred imbert
Keywords: news, cnbc, companies, level, economy, manufacturing, 472, institute, comes, management, ism, decade, supply, lowest, sector, trade, index, weakest, reading, month


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Iran strike solidifies lower U.S. mortgage rates

“Treasury yields are falling again thanks to U.S./Iran geopolitical concerns,” said Matthew Graham, chief operating officer of Mortgage News Daily. “Modest gains in MBS will add up to another slight improvement in mortgage rates and thus the 3rd day in a row we can claim the lowest rates in about a month.” While mortgage rates are determined by mortgage-backed securites (MBS), they tend to loosely follow the yield of the U.S. 10-year Treasury note. Mortgage rates had been falling over the past f


“Treasury yields are falling again thanks to U.S./Iran geopolitical concerns,” said Matthew Graham, chief operating officer of Mortgage News Daily.
“Modest gains in MBS will add up to another slight improvement in mortgage rates and thus the 3rd day in a row we can claim the lowest rates in about a month.”
While mortgage rates are determined by mortgage-backed securites (MBS), they tend to loosely follow the yield of the U.S. 10-year Treasury note.
Mortgage rates had been falling over the past f
Iran strike solidifies lower U.S. mortgage rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, lowest, strike, rate, treasury, rates, yields, lower, mortgage, iran, fixed, mbs, market, solidifies


Iran strike solidifies lower U.S. mortgage rates

“Treasury yields are falling again thanks to U.S./Iran geopolitical concerns,” said Matthew Graham, chief operating officer of Mortgage News Daily. “Modest gains in MBS will add up to another slight improvement in mortgage rates and thus the 3rd day in a row we can claim the lowest rates in about a month.”

While mortgage rates are determined by mortgage-backed securites (MBS), they tend to loosely follow the yield of the U.S. 10-year Treasury note.

The average rate on the U.S. 30-year fixed mortgage is now at the lowest level in a month, thanks to a run on the bond market overnight. Investors fled to the relative safety of bonds, after the U.S. confirmed an airstrike on Iran’s highest military commander.

Mortgage rates had been falling over the past few days, despite a rise in Treasury yields. MBS tends to perform better than Treasurys when there is upward pressure because they are shorter term.

“30-year fixed rates of 3.75% will be most prevalent for flawless scenarios, but 3.625% is definitely out there,” said Graham. “That was already the case yesterday, but it will be solidified a bit by today’s gains.”

Upfront costs also saw a modest improvement Friday morning. A weaker-than-expected report on manufacturing Friday only solidified the lower bond yields. The Institute for Supply Management said its manufacturing index fell to the lowest level since June 2009, citing trade as, “the most significant cross-industry issue.”

The average rate on the 30-year fixed mortgage is now about 87 basis points lower than it was a year ago, which translates into pretty big savings for homebuyers, especially on the lower end of the market. Home prices have begun to reheat, after pulling back for much of last year.

“The low mortgage rate environment combined with the red-hot labor market is setting the stage for a continued rise in home sales and home prices,” wrote Sam Khater, chief economist at Freddie Mac, in a release Thursday.

WATCH: What to expect from housing in 2020


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, lowest, strike, rate, treasury, rates, yields, lower, mortgage, iran, fixed, mbs, market, solidifies


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US weekly jobless claims total 203,000, vs 215,000 expected

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out


Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday.
Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018.
The Labor Department said no states were estimated last week.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out
US weekly jobless claims total 203,000, vs 215,000 expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


US weekly jobless claims total 203,000, vs 215,000 expected

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing.

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Data for the prior week was unrevised.

Economists polled by Reuters had forecast claims increasing to 215,000 in the latest week.

Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. This can throw off the model that the government uses to strip out seasonal fluctuations from the data.

The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 2,000 to 217,750 last week.

The claims data has no bearing on November’s employment report, which is scheduled for release on Friday. According to a Reuters survey of economists, nonfarm payrolls probably increased by 180,000 jobs in November, boosted by the return of about 46,000 striking General Motors workers. The 40-day strike had helped to hold job growth down to 128,000 in October.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


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Households in this European country are best placed to pay the bills on time, poll says

Austria came in second for financial wellbeing, scoring 6.77 out of 10, also thanks to consumers’ diligence at paying bills on time. This level of financial security in meeting bill commitments, reflected “a healthy economy and strong saving culture,” Intrum stated in the report. Germany had an overall financial wellbeing score of 6.89 out of 10, helped mainly by consumers’ ability to pay bills on time, on which it scored 7.82 out of 10. People in Germany are the most financially secure of any c


Austria came in second for financial wellbeing, scoring 6.77 out of 10, also thanks to consumers’ diligence at paying bills on time.
This level of financial security in meeting bill commitments, reflected “a healthy economy and strong saving culture,” Intrum stated in the report.
Germany had an overall financial wellbeing score of 6.89 out of 10, helped mainly by consumers’ ability to pay bills on time, on which it scored 7.82 out of 10.
People in Germany are the most financially secure of any c
Households in this European country are best placed to pay the bills on time, poll says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: vicky mckeever
Keywords: news, cnbc, companies, households, country, best, europe, wellbeing, placed, consumers, european, level, financial, credit, saving, pay, bills, poll, lowest


Households in this European country are best placed to pay the bills on time, poll says

Austria came in second for financial wellbeing, scoring 6.77 out of 10, also thanks to consumers’ diligence at paying bills on time.

This level of financial security in meeting bill commitments, reflected “a healthy economy and strong saving culture,” Intrum stated in the report.

Germany had an overall financial wellbeing score of 6.89 out of 10, helped mainly by consumers’ ability to pay bills on time, on which it scored 7.82 out of 10.

It then scored each country’s level of “financial wellbeing” on a scale of 0-10, according to respondents’ ability to pay bills on time, save for the future as well as their credit freedom and financial literacy.

People in Germany are the most financially secure of any country in Europe, according to a wide-ranging poll.

Nordic countries like Sweden, Denmark and Norway were also among the highest scorers for financial wellbeing, with EU data confirming that these countries benefitted from a healthy level of disposable income.

Sweden ranked top on saving for the future, with 15% of Swedish respondents saying they set aside more than fifth of their salary each month — the largest group of consumers in any country managing to save this much regularly.

Intrum said this was linked to the high levels of financial literacy shown by Swedish consumers, with a third (32%) of those surveyed saying they had received excellent financial education and felt confident managing complex financial matters.

Finland came first for financial literacy and nearly all (92%) Finnish consumers polled who had children said they would teach their kids how to handle money.

However, Nordic nations were among the wealthier European countries suffering from increasing amounts of debt, resulting in them scoring poorly for “credit freedom.”

Denmark was at the bottom of the list in this category, with Eurostat data showing it had the highest household debt-to-income ratio in Europe.

Hungary, on the other hand, had the lowest debt-to-income ratio in Europe according to Eurostat, putting it top for “credit freedom.” More than three-quarters (76%) of consumers in Hungary had not borrowed money, apart from a mortgage, or reached their credit card limit in order to a pay bill, over the past six months.

Greece had the lowest financial wellbeing score overall, at 5.39 out of 10, with it also coming last for consumers’ ability to pay bills on time and saving for the future.

Intrum pointed out Greece’s average wage was among the lowest in Europe, while unemployment was the highest.

“The disparity between wage growth and rising living costs is ramping up the pressure on Greek consumers yet further,” said Intrum, as over three-fifths (61%) said bills were rising at a faster rate than their income.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: vicky mckeever
Keywords: news, cnbc, companies, households, country, best, europe, wellbeing, placed, consumers, european, level, financial, credit, saving, pay, bills, poll, lowest


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Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

What a tough month it has been for bitcoin. The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. Bitcoin jumped to above $10,000 briefly last month after Xi sang the praises of blockchain in a speech and called on his country to advance development in the field. “This was one of the worst weeks in the history of digital assets,” Jeff Dorman, chief investment officer of Arca, told CNBC. Still, bitcoin has doubled in


What a tough month it has been for bitcoin.
The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk.
Bitcoin jumped to above $10,000 briefly last month after Xi sang the praises of blockchain in a speech and called on his country to advance development in the field.
“This was one of the worst weeks in the history of digital assets,” Jeff Dorman, chief investment officer of Arca, told CNBC.
Still, bitcoin has doubled in
Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: yun li
Keywords: news, cnbc, companies, dorman, history, near, months, level, sinks, bitcoin, falling, lowest, 3000, month, accelerates, tough, crackdown, china, coin, digital, cryptocurrency


Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

What a tough month it has been for bitcoin.

The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. It lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved in cryptocurrency operations, a reversal from President Xi Jinping’s previous signal to be more open to the blockchain technology. The coin last traded at $7,212.08.

Bitcoin jumped to above $10,000 briefly last month after Xi sang the praises of blockchain in a speech and called on his country to advance development in the field. However, on Friday, China’s central bank, the People’s Bank of China, pledged to continue to target exchanges and asked investors to be wary of digital currencies.

Beijing has taken a tough stance on cryptocurrencies, banning a fundraising exercise known as an initial coin offering and forcing local trading platforms to shut down in 2017.

“This was one of the worst weeks in the history of digital assets,” Jeff Dorman, chief investment officer of Arca, told CNBC. “The market is clearly in contraction, with no new money coming in to soak up the supply.”

Still, bitcoin has doubled in price since the beginning of the year, marking a significant turnaround from last year, when the digital coin tanked to as low as $3,122. It got a boost this summer after Facebook announced its own planned libra cryptocurrency, which analysts say has contributed to positive sentiment around bitcoin and boosted its price.

Bitcoin has a history of strong comebacks from big sell-offs, Dorman noted. The cryptocurrency gained 70% in the four months following a 16% loss in 2016 and similarly an 89% gain in the four months after a 22% sell-off in 2015, Dorman said.

Bitcoin is nowhere near its all-time high, near $20,000 in December 2017.

— CNBC’s Kate Rooney and Ryan Browne contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: yun li
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European economy to grow at its lowest rate since 2013, IMF says

Europe’s real GDP (gross domestic product) for the year is projected to grow at its lowest rate since 2013, according to the International Monetary Fund (IMF). Euro zone GDP grew 0.2% quarter-on-quarter in the three months to the end of September, the same pace as the previous period. Compared with the same quarter in 2018, the euro area grew 1.1%, its weakest annual growth rate since the fourth quarter of 2013. In March, the European Central Bank downgraded its 2019 GDP forecast to 1.1% from 1.


Europe’s real GDP (gross domestic product) for the year is projected to grow at its lowest rate since 2013, according to the International Monetary Fund (IMF).
Euro zone GDP grew 0.2% quarter-on-quarter in the three months to the end of September, the same pace as the previous period.
Compared with the same quarter in 2018, the euro area grew 1.1%, its weakest annual growth rate since the fourth quarter of 2013.
In March, the European Central Bank downgraded its 2019 GDP forecast to 1.1% from 1.
European economy to grow at its lowest rate since 2013, IMF says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: elliot smith
Keywords: news, cnbc, companies, grow, economy, 2020, rate, imf, gdp, expected, 2019, strong, lowest, trade, growth, report, large, european


European economy to grow at its lowest rate since 2013, IMF says

Europe’s real GDP (gross domestic product) for the year is projected to grow at its lowest rate since 2013, according to the International Monetary Fund (IMF). In its latest Regional Economic Outlook report, the IMF suggests that real GDP across the continent will moderate to 1.4%, down from 2.3% in 2018, before rebounding to 1.8% in 2020. Euro zone GDP grew 0.2% quarter-on-quarter in the three months to the end of September, the same pace as the previous period. Compared with the same quarter in 2018, the euro area grew 1.1%, its weakest annual growth rate since the fourth quarter of 2013. In March, the European Central Bank downgraded its 2019 GDP forecast to 1.1% from 1.7%. In the continent’s most advanced economies, the recovery is expected to be more modest, climbing from 1.3% in 2019 to 1.5% in 2020 on the back of a projected rise in global demand, though the IMF said the prospects for a recovery in global trade are not as strong as six months ago. The same forces driving weakness in manufacturing and trade for advanced Europe are likely to continue, the Washington-based organization predicted.

“Asia’s capital expenditure and consumer durables slowdown will likely continue to weigh on Europe’s exports and growth as the region is a large exporter of capital goods and transport equipment,” the report stated. “Solid demand growth in the United States—a large trading partner for many European countries—has been a mitigating factor, but US growth is expected to ease from its strong pace.” The automotive sector may continue to weigh on growth, with signs of saturation and China, tightening of emission standards and consumer sentiment shifting toward electric vehicles, the report states. This would have a particularly negative impact for the likes of Germany and Slovakia. The industry and trade slowdown, combined with trade and Brexit-related uncertainty, has begun to impact fixed investment in several countries, the IMF highlighted, with investors jittery over geopolitical headwinds. Despite this, private consumption and the services sector across the continent have remained resilient, aided by strong labor markets which have helped offset some of the weakness caused by the turbulent external environment. However, the report concluded that Europe’s manufacturing and trade have weakened considerably. “Some signs of softness in domestic demand, particularly in investment, have appeared. Services and consumption have been resilient so far, but the extent of their continued resilience will depend on developments in labor markets,” the report stated.

Emerging Europe

While the headline figures are broadly in line with the IMF’s World Economic Outlook in April, there are large underlying differences and revisions across country groups. Advanced European projections have been downgraded by 0.1 percentage point in both 2019 and 2020, with larger revisions in manufacturing-heavy economies such as Germany, while the expected growth in emerging Europe has been revised up by 0.5 and 0.2 percentage points respectively. For instance, Turkey’s growth is expected to rebound from just 0.2% in 2019 to 3.0% in 2020 as past economic stresses fall away.


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: elliot smith
Keywords: news, cnbc, companies, grow, economy, 2020, rate, imf, gdp, expected, 2019, strong, lowest, trade, growth, report, large, european


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Job openings hit lowest level in 18 months but are still well ahead of total vacancies

Job openings hit their lowest level in 18 months in September as the labor market continued to tighten, according to a Labor Department release Tuesday. Total vacancies fell to 7.02 million for the month, a decline of 277,000 from August, the Jobs Opening and Labor Turnover Survey showed. The jobs openings rate fell to 4.4% from 4.6% in August. However, the total number of job openings still is well ahead of the reported 5.8 million people looking for work during the month. Hires increased by 50


Job openings hit their lowest level in 18 months in September as the labor market continued to tighten, according to a Labor Department release Tuesday.
Total vacancies fell to 7.02 million for the month, a decline of 277,000 from August, the Jobs Opening and Labor Turnover Survey showed.
The jobs openings rate fell to 4.4% from 4.6% in August.
However, the total number of job openings still is well ahead of the reported 5.8 million people looking for work during the month.
Hires increased by 50
Job openings hit lowest level in 18 months but are still well ahead of total vacancies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: jeff cox
Keywords: news, cnbc, companies, vacancies, ahead, hit, month, jobs, million, increased, lowest, total, openings, labor, fell, rate, job, level, months


Job openings hit lowest level in 18 months but are still well ahead of total vacancies

Job openings hit their lowest level in 18 months in September as the labor market continued to tighten, according to a Labor Department release Tuesday.

Total vacancies fell to 7.02 million for the month, a decline of 277,000 from August, the Jobs Opening and Labor Turnover Survey showed. Though it lags other releases by a month, the so-called JOLTS report is closely watched by Federal Reserve officials as an indicator of labor market health.

The jobs openings rate fell to 4.4% from 4.6% in August.

However, the total number of job openings still is well ahead of the reported 5.8 million people looking for work during the month. The last vacancies were below 7 million was March 2018.

The quits rate, a measure of confidence and mobility that gauges how many workers voluntarily left their jobs, edged lower to 2.3% for the month as the total fell by 103,000 to 3.5 million.

Hires increased by 50,000 to 5.93 million, while total separations increased by 76,000 to 5.81 million. The hires rate remained unchanged at 3.9% while the separations rate also held at 3.8%.

Nonfarm payrolls overall increased by 180,000 in September while the total employment level rose to 158.3 million and the unemployment rate dropped to 3.5%. Data released Friday showed payroll growth of 128,000 in October, with the jobless rate edging up to 3.6%.


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: jeff cox
Keywords: news, cnbc, companies, vacancies, ahead, hit, month, jobs, million, increased, lowest, total, openings, labor, fell, rate, job, level, months


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Bitcoin plummets to lowest level since June as cryptocurrencies come under fire from Congress

A smartphone displays the Bitcoin GBP market value on the stock exchange via the Yahoo Finance app. Bitcoin nosedived Wednesday as Congress members highlighted the downsides of cryptocurrency on Capitol Hill. The world’s largest digital currency fell as much as 9% to a low of $7,435.26 Wednesday. While some analysts say Facebook’s involvement put crypto on the map, it has also brought new scrutiny to the fledgling technology. Rep. Brad Sherman, D-Calif., was among those from both political parti


A smartphone displays the Bitcoin GBP market value on the stock exchange via the Yahoo Finance app.
Bitcoin nosedived Wednesday as Congress members highlighted the downsides of cryptocurrency on Capitol Hill.
The world’s largest digital currency fell as much as 9% to a low of $7,435.26 Wednesday.
While some analysts say Facebook’s involvement put crypto on the map, it has also brought new scrutiny to the fledgling technology.
Rep. Brad Sherman, D-Calif., was among those from both political parti
Bitcoin plummets to lowest level since June as cryptocurrencies come under fire from Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: kate rooney
Keywords: news, cnbc, companies, sherman, potential, come, bitcoin, project, money, low, libra, level, facebooks, plummets, scrutiny, congress, highlighted, hearing, cryptocurrencies, lowest


Bitcoin plummets to lowest level since June as cryptocurrencies come under fire from Congress

A smartphone displays the Bitcoin GBP market value on the stock exchange via the Yahoo Finance app.

Bitcoin nosedived Wednesday as Congress members highlighted the downsides of cryptocurrency on Capitol Hill.

The world’s largest digital currency fell as much as 9% to a low of $7,435.26 Wednesday. That marked bitcoin’s lowest level since June.

The plunge came as Facebook CEO Mark Zuckerberg appeared before the House Financial Services Committee to defend plans for a new cryptocurrency, libra. Zuckerberg’s testimony follows a July congressional hearing with David Marcus, the former PayPal executive in charge of Facebook’s libra project, in which lawmakers blasted the project and potential for cryptocurrencies to be used for money laundering and terrorism.

“Today’s selloff is a continuation of the themes that have been plaguing crypto for the past few months — increased regulatory scrutiny,” said Jeff Dorman, chief investment officer at Arca. Dorman said a “lack of positive catalysts” coupled with low trading volumes have exacerbated the moves lower.

While some analysts say Facebook’s involvement put crypto on the map, it has also brought new scrutiny to the fledgling technology. Rep. Brad Sherman, D-Calif., was among those from both political parties Wednesday who highlighted libra’s potential use by drug dealers, tax evaders and terrorists.

“Cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives, and displaces the U.S. dollar as the sole reserve currency in the world,” Sherman said during the hearing. “You’re going to be making powerful burglary tools and letting your business partners commit the burglary.”


Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: kate rooney
Keywords: news, cnbc, companies, sherman, potential, come, bitcoin, project, money, low, libra, level, facebooks, plummets, scrutiny, congress, highlighted, hearing, cryptocurrencies, lowest


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