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…


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…


US, Cuba Agree To Restore Diplomatic Relations

us cuba relations

The US and Cuba announced a historic shift in relations between the two countries yesterday, setting the stage for a restoration of ties between the close neighbors. The talks coincided with negotiations for the release of American Alan Gross, who has been held in Cuba for the past five years. Gross was returned to US…


Third Quarter Growth Revised Up To 5%

graph

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…


Unemployment Drops To 5.8%

economy

October proved to be another strong month for jobs as the US economy added another 214,000 to its payrolls. The unemployment rate dropped to 5.8%. The October report also added 31,000 jobs to totals from August and September. October marks the 9th straight month of job gains over 200,000. Despite the strong numbers in 2014,…


US Deficit Lowest Since 2008

deficit

The US deficit has fallen to the lowest levels seen since 2008. According to the Congressional Budget Office, the US deficit for FY2014 was $486. The figure represents a $195 billion drop from FY2013, and the lowest level of Barack Obama’s presidency. The US deficit has been a growing problem over the last decade and…


Tropical Storm Fernand Makes Landfall

tropical storm fernand

If you blinked, you missed it. Tropical Storm Fernand formed in the Gulf of Mexico on Sunday afternoon. By late Sunday night/early Monday morning, the storm had already made landfall in Mexico. The tropical storm is not particularly powerful, and is expected to mostly be a rain event. Fernand formed in the Bay of Campeche,…


Connecticut Abolishes Death Penalty

Connecticut State

On Wednesday, the Connecticut legislature voted to repeal the states death penalty. After a 10 hour debate, the Connecticut House voted 86-62 in favor of the repeal. Lawmakers have been working for years to get rid of the death penalty in the state. Gov. Dannel P. Malloy is expected to sign the legislation into law.…