More Jobs Added to Economy in November

The economy is showing a definite sign of strengthening with a report that US companies added 216,000 jobs in the month of November. That figure is the most since June of this year.

The company ADP, a provider of payrolls, said that the majority of the uptick was in service jobs, such as retail sales, hotels and restaurants, and also in higher paid professional service jobs. Manufacturing however lost 10,000 jobs in the same period while construction companies added 2,000.

Other signs of an expanding economy included a growth rate of 3.2 percent annually during the third quarter, much higher than the 1.1 percent during the first two quarters of 2016. Americans also purchased homes at a faster rate in ten years during the month of October. Consumer confidence has reached a nine-year pinnacle.

Another important indicator is home prices. After over eight years they have finally reached their “before bubble-era” prices, which contributes to the increase in household wealth. There are also hints that wages are going up after years of snail-paced growth.

“Overall, consumers are feeling confident and are driving the strong performance we currently see in the job market,” Ahu Yildirmaz, head of the ADP Research Institute, said.

Big Business Afraid of Trump Paris Accord Pullout

Some of America’s largest businesses are worried enough about global warming to send off an open letter to the president-elect, Donald Trump, urging him not to flee from the agreement signed in Paris to slow down climate change. The three-hundred companies include 72 which bring in more than $100 million in annual revenues. Among the…

Greencore Buying US Food Company Peacock

Patrick Coveney took over the Irish food company Greencore in March 2008. At that time the company did not even earn  one penny of revenue in the United States. The CEO saw his mandate as changing that, in a big way. Coveney got going right away with several strategic acquisitions, organic growth, while constantly speaking…

Single’s Day is the World’s Biggest Buying Day

If Cyber Monday and Black Thursday are among your favorite days of the year, and you crave for more buying-at-a-discount action, then Single’s Day is for you! Scheduled for November 11 every year, it is the Chinese version of Cyber Monday, only bigger, much bigger. With the help of Alibaba, the Chinese version of Amazon,…

Pirated CDs Hurting Music Business

Even today, when most music is purchased and listened to digitally, there are still many people that take their music in hard copy, on an old-fashioned compact disc, or CD. These small metal discs, laser-etched with beautiful sounds for the customers’ listening pleasure, go for about $10 each. When created, and sold by legitimate companies,…

Only Five US States Account for Half of Business R&D Spending

The National Center for Science and Engineering Statistics published a report stating that half of all the money spent on research and development in the US is spent in only five states. The report focuses on the R&D expenditures for 2013, the total of which was $255 billion. It showed that business R&D is more…

Non-Profits Can Benefit from the Unique Services Diversegy Offers

Whether an organization operates as a for-profit or non-profit, it can benefit from the services of Diversegy, a wholly-owned subsidiary of Genie Energy Ltd. Diversegy can help all types of companies, large small and everything in between, save money. Using their purchasing power and expertise, Diversegy can reduce operating expenses and bring added value to…

European Grocery Chain to Enter US Market

German supermarket chain Lidl is entering the US market. With about 10,000 stores in 26 countries throughout Europe, Lidl is planning to add up to 150 stores along the East Coast of the US by 2018. The chain’s headquarters in the US is in Arlington, Virginia, and its warehouses are now being built in Cecil…

Jimmy John’s Owner Selling Majority Stake

In recent news, Jimmy John’s is selling a majority stake to Atlanta private-equity firm Roark Capital Group. This is certainly big news in the fast food world, as Jimmy John’s owner, Jimmy John Liautaud, is very closely tied to and committed to the company. He started the first of his sandwich shops in 1983 in…

Kerry Tells Congress to Expect 30 Percent More Refugees This Year

The Wall Street Journal, citing and annual Congressional report on refugees, reported that the Obama administration is planning to increase the number of refugees entering the US next year by 30 percent. The new target figure of 110,000 was presented to Congress by Secretary of State John Kerry will commence on October 1 for the…