Sears Closing Mobile Store

sears logo

Sears has announced that they will be closing their Bel Air Mall location later this year. The store will begin a liquidation sale on July 17th. The Auto Center will also be closing. Sears is expected to remain open until August or September. The store and Auto Center have around 100 employees. Some will be…


Tim Cook To Donate Fortune To Charity

Tim Cook

Apple CEO and Baldwin County native Tim Cook has announced that he will be donating his fortune to charity. According to Fortune, Cook will be donating approximately $785 million, after he pays for his 10 year old nephew’s college education. He joins tech titans Bill Gates, Mark Zuckerberg, and Larry Ellison in pledging to donate…


US Adds 257K Jobs In January

jobs report

The first jobs report of 2015 was issued by the Labor Department today, and the news was nearly all positive. The US added 257,000 jobs last month, and previous months were revised up. November’s job totals jumped to 441,000, the highest figure in 17 years. December’s numbers were revised up from 252,000 to 329,000. Hourly…


Mobile Listed As One Of 15 Hottest Cities

city

MSN has picked Mobile as one of the 15 “hottest” cities for 2015. The Microsoft affiliated website is not referring to temperature, but rather the city’s economic prospects for the coming year. In the article, MSN declared that Mobile will become the southern trading hub of the US. The article points out that Mobile has…


US Adds 252K Jobs In December

jobs

The US economy closed 2014 in style, creating over 252,000 jobs in the final month of the year. The job totals for October and November were also revised up by 50,000. The unemployment rate fell from 5.8% to 5.6%, the lowest in six years. All in all, 2014 was the best year for job creation…


Third Quarter Growth Revised Up To 5%

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The US economy had an even stronger third quarter than was previously reported. The Commerce Department revised growth for the July-September period from 3.9%, which was already an impressive number, to an astonishing 5%. It was the largest level of growth for the US economy since 2003. The economy took quite a while to dig…


Alabama Unemployment Rate Down To 6%

alabama unemployment

Alabama’s unemployment rate has once again fell, and now stands at 6%. This figure is down from 6.3% in October. The state is still slightly above the national average of 5.8%. Roughly 126,000 people remain unemployed in Alabama. Overall, the national economy continues to grow, and unemployment continues to fall. While divided government in Washington…


Oil Prices Tumble

Oil Prices

The price of oil tumbled today after OPEC decided against production cuts. Saudi Arabia rejected calls from poorer members of the group to cut production by up to 2 million barrels per day. Brent crude fell more than $6 a barrel to $71.25. The oil cartel has previously defended higher oil prices vigorously. The gulf…