The unemployment rate fell to 6.6% in January, the lowest rate since October 2008, the Department of Labor reported on Friday.
However, a separate report on the number of new jobs showed the job growth rate has slowed considerably. Most media outlets reported the news surrounding the two reports is not a good sign.
JPMorgan announced this week it will give $1 million to schools to improve higher education courses for United States military veterans.
In a press release, Maureen Casey, the director of military and veterans affairs for JP Morgan, said the money is meant to help veterans make the transition from serving their country in a military capacity to the working world.
Jobless claims fell by 2,000 in the first full week of January, according to numbers released this week by the U.S. Department of Labor.
The total number of weekly applications for benefits fell to 326,000, the lowest in six weeks.
Its the latest in the a host of positive economic news in the past month – with the possible exception of the unemployment numbers, which showed only a gain of 75,000 in December 2013.
A majority of United States economists who work for private companies are optimistic about the country’s economy in 2014, according to a new survey released this week.
The survey, from the National Association for Business Economics (NABE), found that more than 40% of economists working for U.S. companies said they expect firms to raise prices for the first time since 2012 and that the overall economic outlook is improving.
In answer to President Obama’s call for better access to higher education for those with less money, experts gathered this month at a summit called the Education Datapalooza, hosted by the White House and the Department of Education.
In a blog post on the Department of Education website, Education Secretary Arne Duncan wrote that meeting was part of the president’s plan to make education affordable for every American.
The fortunes of Bitcoin have risen and fallen, but lately more companies are beginning to accept the digital currency as payment.
Over the past weekend, social gaming company Zynga announced that it now accepts Bitcoin as a form of in-game payment.
As Colorado begins selling marijuana over the counter for recreational use, business students can learn a thing or two about that most basic economic rule: the law of supply and demand.
As the first sales got underway this month, observers have noted the price of marijuana has skyrocketed.
Consumer spending rose again in November 2013 at the fastest rate since June – the latest in string of good news about the economy.
The U.S. Department of Commerce reported that spending by consumers had jumped by .5% in November after a .4% gain in October. The Commerce Department reported that the gain was driven by consumers buying durable goods such as automobiles, furniture and appliances.
As the country headed into the last weekend before the Christmas break, the federal government announced that the gross domestic product in the third quarter grew at a faster rate than first reported.
The economy expanded in the third quarter at a 4.1% annualized rate, higher than the 3.6% first reported, according to the U.S. Department of Commerce. That’s the fastest rate in almost two years.
A number of factors – including a resurgent automobile industry and an increase in energy industry production – are pointing to an improving economy in 2014, according to predictions from Forbes.
Forbes writer Michael Evans offered a list of factors that have helped the United States experience a “slow but steady recovery” since the end of the Great Recession in 2008.
