5 February, 2016 by The TZ Newswire Staff Comments Off on US exports fell in 2015 for first time since recession
US exports fell in 2015 for first time since recession
The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the …
5 February, 2016 by The TZ Newswire Staff Comments Off on JC Penney looking at possible HQ sale and partial leaseback
JC Penney looking at possible HQ sale and partial leaseback
J.C. Penney is looking to potentially sell and partially leaseback its headquarters to help lower debt and create long-term savings. The department store operator said Friday that it has a surplus of square …
5 February, 2016 by The TZ Newswire Staff Comments Off on The Fed: Fed on hold in March despite decent jobs report
The Fed: Fed on hold in March despite decent jobs report
The Federal Reserve is likely to pause on rate hikes for the second straight meeting despite a decent jobs report
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5 February, 2016 by The TZ Newswire Staff Comments Off on One dead in downtown NYC crane collapse
One dead in downtown NYC crane collapse
As images flashed across social media of the scene, the FDNY said it received a call about the incident at about 8:24 a.m. ET.
5 February, 2016 by The TZ Newswire Staff Comments Off on One Retailer that Shocked Analysts with Fantastic 2015 Growth
One Retailer that Shocked Analysts with Fantastic 2015 Growth
First it was Coach, and now another luxury retailer’s stock is surging after handily beating analysts’ estimates.
5 February, 2016 by The TZ Newswire Staff Comments Off on Charter Communications Grows Subscriber Base, Adds Video Customers in Q4
Charter Communications Grows Subscriber Base, Adds Video Customers in Q4
The company finished the year with a strong quarter.
5 February, 2016 by The TZ Newswire Staff Comments Off on 70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers
70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers
For those curious where the big jump in earnings came from, the answer appears rather simple: the reason, according to the BLS’ breakdown of jobs added in January (per the Establishment survey), of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January.
In other words, 70% of the job gains in January went to minimum wage workers.
So how does one explain the snap higher in January wages?