Due to intense global competition in the aviation industry, Boeing is reportedly planning to reduce its workforce by 8,000 jobs, representing 10 percent of its Washington State employees. The aerospace giant said it will eliminate 4,000 jobs in its commercial airliner division. Approximately one third of those cuts will come from voluntary resignations, while the… Continue Reading
Since the beginning of what has come to be known as the “Great Recession” at the end of 2007, the US economy has been struggling. After the worst had finally passed, the economy started to grow again, and people started to get back to work. However, one piece of the puzzle has been elusive: the… Continue Reading
According to the Commerce Department US inventories in November posted their largest drop since 2011. This statistic is a sign that businesses are reducing their stockpiles of unsold goods. Such reductions are a sign of significant slowing of economic growth in the fourth quarter of 2015. Friday’s announcement said that inventories fell 0.2 percent, the… Continue Reading
People always find lower oil prices attractive. But the question is, are reduced prices in oil always 100% good news? Apparently not. It can have a negative impact on the housing market. In fact, it is anticipated that there will be a very slow increase in house prices in 2016, of only around 3.5 percent.… Continue Reading
Hawkish policymaker Loretta Mester, president of the Cleveland Federal Reserve, praised the recent rise in interest rates, saying it was a good first step to more normal monetary policy. She said it sent a positive message that the US economy will continue making gains. “I fully supported the … December action,” Mester said, referring to… Continue Reading
November added 211,000 more jobs to the economy, according to data released by the Bureau of Labor Statistics. The unemployment rate is staying close to its five-year low at 5 percent. Job increases were seen in several sectors, including food services and retail. The good stats for job growth will hopefully make it easier for… Continue Reading
After eight days of diminishing value gold took a tiny step back up after reaching almost to its lowest price since August. Gold’s drop in price, down to $1,084.90 was prompted by two factors; an increase in non-farm jobs, and the expectation that December will be the month that the Feds decide the US economy… Continue Reading
There was a slight uptick in the price of oil on Monday as traders wait to see what data from the US and Europe has to say about those economies. The small price rise came after a week of sharp declines in the price of oil as fears of an oil oversupply continue to affect… Continue Reading
President Ed Bolen of the National Business Aviation Association declared that the industry he represents is as stable as it’s been since the Great Recession of 2007-2009. Bolen was speaking at the Bombardier’s Safety Standdown at the Hyatt Regency in Wichita. The three day annual event is for aviation safety training for pilots and organized… Continue Reading
Monday showed a rise of 1 percent on the price of oil, a result of a slowdown in the pace of drilling. One report stated that as much as $1.5 trillion worth of planned oil production was a poor economic choice in light of the current price of oil. The past year has shown a… Continue Reading