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Articles written by Josh Boak

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Can job market sustain its gains? Uncertainties cloud future

WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U.S. job market. Or is it? So many uncertainties are overhanging the economy that no one knows...

 
 By Josh Boak    Regional    June 7, 2020

Virus exposes sharp economic divide: College vs. non-college

BALTIMORE (AP) — For an American workforce under continuing threat from the coronavirus, the best protection might just be a college degree. Friday's jobs report for May delivered a major pleasant surprise, with lower unemployment and 2.5 million...

 

US retail sales plunged a record 16% in April as virus hit

BALTIMORE (AP) — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. T...

 

10 takeaways from the worst jobs report in US history

BALTIMORE (AP) — Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there's the 14.7% unemployment rate,...

 

From people and firms desperate for aid, one question: When?

BALTIMORE (AP) — It's been two weeks since President Donald Trump signed into law a $2.2 trillion economic rescue package that will distribute money to struggling individuals and businesses. It feels like a lot longer than that to James Stearns of...

 

Trump tries to shift blame as virus outbreak rattles markets

WASHINGTON (AP) — As global markets plunged amid growing fears about the coronavirus outbreak, President Donald Trump and his allies pulled from a familiar playbook Friday and blamed others for the slide. It's a challenging sell for a president...

 

AP FACT CHECK: Donald Trump and the audacity of hype

WASHINGTON (AP) — In their boisterous presidential debate, several Democrats sold short the health care plans of rivals or glossed over aspects of their own record. In an audacious league of his own, President Donald Trump celebrated the...

 

Billionaire Bloomberg proposes tax plan aimed at wealthy

WASHINGTON (AP) — Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the wealthy — increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above...

 

AP FACT CHECK: Trump distorts data, Dems cut some corners

WASHINGTON (AP) — Rallying in swing-state Wisconsin, President Donald Trump used misleading economic data to claim he's created a "blue collar boom" while Democrats vying to replace him cut some corners on the facts in their latest presidential...

 
 By Josh Boak    Regional    January 12, 2020

US employment remains strong, 145,000 jobs added in December

WASHINGTON (AP) — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade...

 

US employment remains strong, 145,000 jobs added in December

WASHINGTON (AP) — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade...

 

AP FACT CHECK: Lest old distortions be forgot

WASHINGTON (AP) — President Donald Trump closed out the old year by reprising a selection of his most familiar falsehoods and putting a few of his predecessor's accomplishments in his own win column. A look at some of his rhetoric on impeachment,...

 
 By Josh Boak    Regional    December 1, 2019

Upwork economist outlines skills sought in freelance workers

WASHINGTON (AP) — What are the skills that employers most value in freelancers? They want workers fluent in the computer programming language TypeScript and the software framework .NET Core. But they also favor softer skills, like good grammar and...

 

US economy defies threats with a solid job gain for October

WASHINGTON (AP) — A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens o...

 

Signs of recession worry Trump ahead of 2020

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately,... Full story

 

With eyes on election, White House insists economy is strong

WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted on Monday, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's...

 

Weak global growth likely to mean US slowdown, not recession

WASHINGTON (AP) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this...

 

Recession signs worry Trump ahead of 2020

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately,...

 

Fed chief struggles to manage a wild card: Trump trade wars

WASHINGTON (AP) — After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve. The Fed is supposed to set...

 

July US jobs report shows solid gains amid trade frictions

WASHINGTON (AP) — U.S. employers slowed their hiring in July but still added a solid 164,000 jobs to an economy that appears poised to extend its decade-long expansion. The unemployment rate remained at 3.7% for a second straight month, the...

 

AP FACT CHECK: Trump challenges Fed with dubious theory

WASHINGTON (AP) — President Donald Trump is flipping interest-rate theory on its head as he tries to blame the Fed for holding back growth. Trump went after the Federal Reserve on Friday after advancing a dubious argument this week that...

 

Insider Q&A: Joseph Stiglitz touts 'progressive capitalism'

WASHINGTON (AP) — Many of the economic policies being pitched by Democratic presidential candidates are rooted in the ideas pioneered by Joseph Stiglitz, a Nobel Prize-winning economist who teaches at Columbia University. In his new book "People,... Full story

 

US adds solid 224,000 jobs, making Fed rate cut less certain

WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday co...

 

AP-NORC Poll: Trump not boosted by strong American economy

WASHINGTON (AP) — The solid economy is doing little to bolster support for President Donald Trump. Americans give Trump mixed reviews for his economic stewardship despite the growth achieved during this presidency, according to a new survey by The...

 

AP FACT CHECK: Trump falsely accuses Mueller of a crime

WASHINGTON (AP) — President Donald Trump on Wednesday falsely accused special counsel Robert Mueller of deleting messages that would support the president's contention that the Russia investigation was out to get him. The provocative allegation of...

 

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