us economy

Wainwright Marks Management - US Economy in Good Shape

Wainwright Marks Management - US economy enters 10th year of growth as global economic peers stumble.




us economy

Small business confidence rises, signaling a more positive outlook for the US economy

Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade deal with China and the signing of the USMCA. This is a sharp turnaround from the lows seen last summer as trade turmoil weighed on Main Street’s outlook.

complete article




us economy

News24 Business | Low taxes, high tariffs: What a Trump victory means for the US economy

Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.




us economy

Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia

Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia
Anonymous (not verified) Wed, 12/19/2018 - 14:24

East-West Wire

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East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

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East-West Wire

Tagline
News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

Explore




us economy

US economy faces a comedown from a sugar high

Signs of strength are largely unrelated to government policy




us economy

Currency markets send warning on US economy

Concerns over the dollar weakness are magnified by the decision to impose across the board tariffs on steel and aluminium





us economy

How Will The US Economy, Small Businesses & Workers Recover From COVID-19 Losses?

On this edition of Your Call, we're speaking with Nobel prize-winning economist Joseph Stiglitz about how the US government has handled the COVID-19 crisis. He says the public safety net is not working and the US is on course for a second Great Depression.




us economy

Political Rewind: Agriculture Takes Hit From Coronavirus Economy

Today on Political Rewind , Georgia agriculture takes a hit from the coronavirus. Farmers face concerns over exposure to the virus and uncertain retailers cutting demand. We heard from Agriculture Commissioner Gary Black on how the ongoing public health crisis is affecting the state’s farming businesses.




us economy

Once restarted, post-coronavirus economy might enter unprecedented rough seas


Even President Trump now realizes the need for a prolonged shutdown. But when the economy finally restarts, we have no guarantee it will bounce back quickly. The danger is a "Greater Depression."




us economy

Coronavirus Economy daily chart: Health sectors register most first-time unemployment claims


This series of charts provides weekly data on how the Seattle-area economy is doing during the coronavirus crisis.




us economy

Coronavirus Economy daily chart: Health sectors register most first-time unemployment claims


This series of charts provides weekly data on how the Seattle-area economy is doing during the coronavirus crisis.




us economy

Trump Set To Announce Guidelines To Reopen US Economy

President Donald Trump said he will announce Thursday new guidelines on easing coronavirus restrictions in the country. The move, aimed to help reopen the ailing U.S. economy, is on the basis of his consultations with governors and business leaders. According to him, the United States has passed the peak of new coronavirus cases and predicted some states would reopen this month. "The data sugg




us economy

Trump Finalizing Plan To Reopen US Economy

President Donald Trump announced that the Government was finalising a plan to reopen the U.S. economy, which has been paralyzed due to stay-at-home orders intended to prevent the spread of the coronavirus. The social distancing guidelines that the Trump administration announced expire on April 30. At his routine news conference Monday, Trump said he remains determined to reopen the U.S. for bus




us economy

'Capital in the Twenty-First Century' director explains the post-coronavirus economy: 'I think the damage is done'

When director Justin Pemberton began screening his new documentary at film festivals in 2019, the movie’s warnings of another financial meltdown seemed like a far-off problem. But then the coronavirus pandemic sent the global economy into a tailspin.





us economy

US economy lost 20.5 million jobs in April

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.




us economy

Grim statistics reveal coronavirus has decimated US economy



APRIL saw 20.5 million job losses in the United States, the biggest rise in the jobless rate since the Great Depression.




us economy

Supporting the US Economy by Improving the Mobility of High-skilled Labour Across the Atlantic

27 September 2017

US policymakers should give special consideration to a more open immigration policy for highly skilled professionals from the EU. This would ultimately benefit the US economy.

Marianne Schneider-Petsinger

Senior Research Fellow, US and the Americas Programme

2017-09-25-labour-mobility-us-economy.jpg

Businessman on bicycle passing skyline of La Defense business district in Paris, France. Photo: Getty Images.

Summary

  • The United States and the European Union are deeply integrated economically in terms of movement of goods, services and capital across the Atlantic, but this is not matched by the mobility of labour. Freer movement of high-skilled workers across the Atlantic has a potentially critical role to play in maintaining and strengthening the bilateral economic relationship.
  • Both the US and EU seek to attract high-skilled labour through the use of temporary visa programmes. Various routes are available for highly skilled workers from the EU to temporarily work in the US (for instance, through the H-1B visa for foreign nationals in ‘specialty occupations’, as well as other visa categories for treaty traders and investors, intra-company transferees, and international students seeking work authorization in the US before or after graduation). The main ways for highly skilled workers from the US to temporarily work in EU member states are through EU-wide schemes that apply in 25 out of the 28 member states (for holders of EU Blue Cards or intra-company transferees); or via member states’ parallel national schemes.
  • The experiences of US and EU employers and workers under the US H-1B programme and the EU’s Blue Card scheme differ greatly. The EU Blue Card scheme avoids many of the drawbacks of the H-1B visa. It does not have an annual cap on the number of visas issued. It also grants greater autonomy to the worker by not requiring the employer to sponsor long-term residence, by providing greater flexibility to switch employment, and by having a longer grace period for visa-holders to find new employment after dismissal.
  • The US visa system hampers America’s economic growth. Restrictive policies such as an annual limit on the number of H-1B visas issued, and the associated uncertainty for employees and employers, hinder the ability of US companies to expand and innovate. The complex and costly visa application process is a particular burden for small and medium-sized enterprises. Problems around the timely availability of visas frustrate investors both from the US and from abroad (including from the EU). European firms face difficulties in acquiring visas for intra-company transferees, and not all EU member states have access to the treaty trader and treaty investor visa categories. At times, this impedes foreign direct investment and restricts US job creation. In addition, current policies hinder the economy’s retention of EU and other graduates of US universities. This is of particular concern given that skilled graduates have a critical role to play in addressing the US’s growing shortage of workers in the science, technology, engineering and mathematics (STEM) fields.
  • Given the comparability of US and EU wages and labour markets, US concerns about foreign workers ‘stealing’ their jobs or depressing wages generally do not apply to EU citizens. On the contrary, a more open immigration policy for high-skilled workers – in particular for EU citizens – would benefit the US economy.
  • Efforts to reform visa systems for high-skilled labour are under way in both the US and EU. In order to facilitate the movement of highly skilled workers across the Atlantic, this research paper recommends (1) creating a special visa for highly skilled EU citizens to work temporarily in the US; (2) extending the availability of treaty trader and investor visas to all EU member states; and (3) increasing efforts to eliminate fraud and abuse in the H-1B system. These measures could potentially help to create more investment, jobs and economic growth in the US.




us economy

Grim statistics reveal coronavirus has decimated US economy



APRIL saw 20.5 million job losses in the United States, the biggest rise in the jobless rate since the Great Depression.




us economy

Trump unveils plans for reopening US economy and brands it 'next front in our war' against coronavirus

Donald Trump has unveiled a phased approach reopening the US economy which has been hit by the coronavirus pandemic.




us economy

Will the post-coronavirus economy come roaring back? Lessons from the 1918 pandemic and the Roaring '20s

From 1918 to 1920, the Spanish flu pandemic killed hundreds of thousands of Americans and millions worldwide. Yet the U.S. emerged with a roaring economy in what became known as the Roaring ’20s. What lessons can we take away from that crisis 100 years ago?






us economy

Jobless claims double in a week as coronavirus takes toll on US economy

The coronavirus outbreak continues to upend all aspects of American life, including the November presidential election.




us economy

Coronavirus economy is already hurting Trump's re-election chances, economists say

Still, it's an open question whether the economy will ultimately doom Trump in November. One election model still predicts a Trump victory by a wide margin.




us economy

US economy 'on life support' as unemployment soars to nearly 15 per cent

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, but President Donald Trump says "all those jobs will be back" very soon.




us economy

Foreign workers left high and dry in Japan's coronavirus economy




us economy

A big problem for the coronavirus economy: The internet doesn’t take cash

As the U.S. economy physically shuts down, access to digital payments is becoming a necessity. The Internet economy does not take cash. This Covid-19 recession is bringing to the surface a long-standing divide over the cost and accessibility of digital payments. Bridging this divide is key to the response to this pandemic-induced recession. House Speaker…

       




us economy

Brookings survey finds 58% see manufacturing as vital to US economy, but only 17% are very confident in its future

Manufacturing is a crucial part of the U.S. economy. According to the U.S. census, around 11.1 million workers are employed in the sector, and it generates about $5.4 trillion in economic activity annually. Yet this area currently faces significant headwinds. The June IHS Markit Manufacturing Purchasing Managers Index fell to its worst reading since 2009…

       




us economy

Plunge in health-care spending a big reason US economy sank in first quarter

The coronavirus crisis actually caused consumer health-care spending to plunge 18% in Q1.




us economy

This wartime law gives Trump exceptional power over US economy

President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the president extraordinary powers over the U.S. economy, which supporters of the move say is necessary to contain the disease.




us economy

Plans to reopen US economy must 'talk about worker safety,' says AFL-CIO president

"If they don't feel safe, they're not going to go back to work,"AFL-CIO president Richard Trumka told CNBC.




us economy

How beer benefits the US economy

Beer is the most popular alcoholic drink in the U.S. But did you know the beer industry employs over 2 million Americans?




us economy

April employment report is expected to show more than 20 million lost jobs and depth of pain as US economy shut down

April's jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy's collapse.




us economy

US economy loses 20.5 million jobs in April, raising unemployment rate to 14.7%

CNBC's Steve Liesman breaks down the April jobs report, which came in at 20.5 million nonfarm payrolls lost in the month. This is the most historic job loss within a single month.




us economy

US economy growing steadily but key reforms needed

The US economy is making one of the strongest comebacks in the OECD, but there are risks on the horizon, according to the OECD’s latest Economic Survey of the United States.




us economy

US economy growing steadily but key reforms needed

The US economy is making one of the strongest comebacks in the OECD, but there are risks on the horizon, according to the OECD’s latest Economic Survey of the United States.




us economy

I'm a career coach who found my first job at the end of the 2008 recession. Here are 5 ways for recent graduates to job search in the coronavirus economy.




us economy

Piers Morgan: President Trump's got Davos cheering the US economy and Hillary beating up Bernie

'Nobody likes him,' rages Hillary Clinton. 'Nobody wants to work with him.' She was talking about Bernie Sanders, a fellow Democrat and the man now leading the polls to be the party's official nominee.