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Author: Paul Davidson, USA TODAY

Money

Older workers are driving job growth as boomers remain in workforce longer

January 9, 2019January 9, 2019 Paul Davidson, USA TODAY Comments Off on Older workers are driving job growth as boomers remain in workforce longer

Workers 55 and over made up half of all employment gains in 2018. Many baby boomers are choosing to work longer, attracted by a healthy labor market

Money

Government shutdown: How it could hurt the economy

December 31, 2018 Paul Davidson, USA TODAY Comments Off on Government shutdown: How it could hurt the economy

The Impact of government shutdown on the economy likely to be modest unless it extends to end of January or beyond.

Money

Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated

December 25, 2018 Paul Davidson, USA TODAY Comments Off on Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated

Blue-collar fields stepped up hiring in 2018 as white-collar sectors moderated. Credit improved global economy, housing recovery, rising oil prices

Money

Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell

December 23, 2018December 24, 2018 Paul Davidson, USA TODAY Comments Off on Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell

Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.

&…

Money

Q&A: Does the stock market sell-off mean a recession is coming?

December 23, 2018December 24, 2018 Paul Davidson, USA TODAY Comments Off on Q&A: Does the stock market sell-off mean a recession is coming?

Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.

Money

Will the hot economy and job market go cold in 2019?

December 21, 2018 Paul Davidson, USA TODAY Comments Off on Will the hot economy and job market go cold in 2019?

Economic growth is expected to slow next year but still turn in a solid performance. Consumer spending should be healthy while housing, trade hurt gain

Money

Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019

December 19, 2018 Paul Davidson, USA TODAY Comments Off on Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019

The Federal Reserve raised interest rates and forecast two more hikes next year. The Fed aims to prevent a run-up in inflation.

Money

How latest Fed rate decision affects rates on credit cards, mortgages, savings accounts

December 19, 2018 Paul Davidson, USA TODAY Comments Off on How latest Fed rate decision affects rates on credit cards, mortgages, savings accounts

How the latest Fed rate hike affects what you pay on credit cards, mortgages, auto loans as well as your bank savings account.

Money

Economy added disappointing 155,000 jobs in November

December 7, 2018December 9, 2018 Paul Davidson, USA TODAY Comments Off on Economy added disappointing 155,000 jobs in November

The economy added tepid 155,000 jobs in November. Economists expected 199,000 gains.

Money

The dirty little secret behind jobless claims: record-low numbers aren’t all they seem

December 6, 2018December 6, 2018 Paul Davidson, USA TODAY Comments Off on The dirty little secret behind jobless claims: record-low numbers aren’t all they seem

The share of laid-off workers seeking jobless benefits is lowest on record. It’s raising questions about a vital safety net in event of downturn

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Headlines

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

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Blue supermoon: See photos of the rare moon that won’t happen again until 2037

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College professor harassed students to quench ‘clown fetish,’ offering extra credit, cash

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5 people shot in Illinois, 2 in critical condition

August 31, 2023 AP
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