economy

State

New Report: Arizona Ranks Third For Economic Momentum

Arizona is ranked third best in the nation for economic momentum, based on a new report by State Policy Reports. The report ranks states’ economic momentum based on growth in personal income, employment and population. Arizona ranked in the top four for employment growth and population growth. Arizona is tied for third with Montana. “Arizona’s

Business

Pre-election economy: Unemployment falls, but hiring slows

The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.9% — a mixed result for President Donald Trump, who has staked his reelection in part on the economy. The Labor Department said Friday that employers added just 661,000 jobs last

Politics

Supreme Court vacancy likely to inflame presidential debate

President Donald Trump and his Democratic challenger, Joe Biden, were already set to fight when they share a stage Tuesday in Cleveland, but the death of Supreme Court Justice Ruth Bader Ginsburg means things may get tenser even faster. Moderated by Fox News’ Chris Wallace, the 90-minute debate will feature segments on the Supreme Court,

National

How can Wall Street be so healthy when Main Street isn’t?

The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally has put the S&P 500 back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and businesses continue to shutter across the

International

Japan’s economy shrinks at record rate, slammed by pandemic

Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation’s goods and services, fell 7.8% quarter

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