Financial News Network - Economic News

It's never been this hard for companies to find qualified workers

Nearly 70% of employers reported talent shortages in 2019, a jump of 17 points in only one year and more than three times higher than a decade ago.

Read more: https://www.cnbc.com/2020/02/19/its-never-been-this-hard-for-companies-to-find-qualified-workers.html

US producer prices post biggest gain in more than a year

U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel accommodation.

Read more: https://www.cnbc.com/2020/02/19/us-producer-price-index-january-2020.html

US housing starts fall, while building permits near a 13-year high

U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.

Read more: https://www.cnbc.com/2020/02/19/us-housing-starts-january-2020.html

Federal Reserve's Robert Kaplan sees no changes in interest rates this year

The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have adopted

Read more: https://www.cnbc.com/2020/02/18/feds-robert-kaplan-sees-no-changes-in-interest-rates-this-year.html

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

The Dallas Fed, which has the Permian basin in its economic region, expects the oil and gas sector to cut spending by 10% to 15% in 2020.

Read more: https://www.cnbc.com/2020/02/18/us-oil-industry-expected-to-cut-spending-by-10-15percent-and-restructure-dallas-fed-says.html

Consumer sentiment rises in February even amid the coronavirus outbreak

U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus.

Read more: https://www.cnbc.com/2020/02/14/us-consumer-sentiment-february-2020.html

US January industrial output falls on weather, Boeing drop

U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft.

Read more: https://www.cnbc.com/2020/02/14/us-industrial-production-january-2020.html

Consumer spending rose modestly in January as clothing store sales fell by the most since 2009

Sales at clothing stores declined by the most since 2009 in January, which could raise concerns about the economy's ability to continue expanding at a moderate pace.

Read more: https://www.cnbc.com/2020/02/14/us-retail-sales-january-2020.html

32% of American workers have medical debt—and over half have defaulted on it

Almost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary Finance.

Read more: https://www.cnbc.com/2020/02/13/one-third-of-american-workers-have-medical-debt-and-most-default.html

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Economic News

It's never been this hard for companies to find qualified workers

US producer prices post biggest gain in more than a year

US housing starts fall, while building permits near a 13-year high

Federal Reserve's Robert Kaplan sees no changes in interest rates this year

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

Consumer sentiment rises in February even amid the coronavirus outbreak

US January industrial output falls on weather, Boeing drop

Consumer spending rose modestly in January as clothing store sales fell by the most since 2009

32% of American workers have medical debt—and over half have defaulted on it

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