Economy

August 2019 Economy Healthy Says Fed, Unemployment Still a Low 3.7%

U.S. jobs growth of 130,000 jobs was lower than expected in August, according to the Bureau of Labor Statistics news release. August 2019 Economy This increase was lower than the economist predictions of 158,000 jobs, which is more in line with the average growth in 2019 to date, and well below the 2018 average of …

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Uber and Lyft pledge $60m to ensure drivers don’t become employees

California politician Lorena Gonzalez criticised the companies for pledging tens of millions of dollars when they previously claimed they could not pay drivers minimum wage. On Thursday (29 August), Uber and Lyft took a significant step to ensure that drivers using the platforms would remain as contractors, rather than become recognised as employees. The companies …

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Money Anxiety Index Shows Customers Are Not Worried About Recession

The U.S. economy is driven by consumer spending, which makes up close to 70% of the Gross Domestic Product (GDP). Even though the economic indicators are solid at the moment, the slightest apprehension by a small number of consumers can dramatically change the economic outlook. Dr. Dan Geller, a behavioral economist and the developer of …

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