Economics & Economy

The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now — December 1969 — the economy was overheating, inflation was spiking and a short recession soon followed.

Could that happen again?

Probably not anytime soon, most economists say. Yet there are some surprising similarities between today's economy and the late 1960s, when the unemployment rate remained mostly below 4 percent for four straight years.

Manufacturing could face a slowdown

Oct 5, 2018

Manufacturers have been adding 20,000 to 30,000 jobs per month since the summer of 2017. But that upward trend took a pause in August, with a 3,000 jobs decline in manufacturing. It could be a one-month blip, but there are other signs that manufacturing could be poised for a slowdown. The strong dollar is making U.S. exports more expensive abroad. Escalating trade tensions and retaliatory tariffs imposed by U.S. trading partners could further hurt overseas demand for goods made in the USA.

(U.S. Edition) The September jobs report is gaining most of the attention on Friday morning, with forecasters expecting signs of steady jobs growth. But one thing that appears to be leveling off is the manufacturing sector. We look into why. We also look at Walmart’s efforts into offering better job training to workers after the company joined about a dozen others in a pledge to train millions of workers in the next five years.

(Global Edition) From the BBC World Service … After intense pressure from shareholders against the move, Unilever does a U-turn on plans to scrap it’s dual-share structure and shift its headquarters away from the U.K. to the Netherlands. Then, Russian president Vladimir Putin is in India Friday meeting with the country's prime minister Narendra Modi. The two countries signed a new defense-weapons deal, but it could provoke the U.S. into imposing fresh sanctions on India. Afterwards, anger with the status-quo political environment is an issue for countries all over the world.

Why the Facebook breach isn't just about Facebook

Oct 5, 2018

Facebook announced this week that it had suffered its biggest hack ever, compromising the accounts of at least 50 million users. Part of the reason a Facebook hack is so scary is that the social network connects to so many other apps and services. You might use it to log in to Spotify or Tinder or OpenTable — a whole string of apps might have your information connected to your profile. So far, Facebook has said hackers did not access any third-party apps. But it's still investigating the scope of the hack.

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