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.
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.
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.
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.
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.
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.
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.
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.
DHL Index on Strength of International Economy Shows Only Slight Dip
Despite persistent concerns of a worldwide economic slowdown, a new report from logistics and shipping company DHL says international trade remains strong, with only a slight decline in its overall DHL Global Connectedness Index.
ELFA: October Equipment Financing and Leasing Up 14%
An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.