Blog
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College Students ‘Cover Their Bases’ With 2 Majors
As uncertainty about the job market grows, more US college students are hedging their bets by double-majoring. Nearly 1 in 3 students at the University of Wisconsin-Madison, for example, now pursue two majors, a trend that has surged 25% over the past decade, according to the National Center for Education... Go to Source Author: Jenn Gidman with Newser.AI
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Consumer Sentiment Sinks Faster Than Expected
US consumer sentiment has fallen to one of its lowest points on record, reports the Wall Street Journal . The University of Michigan's latest index slipped to 50.3 in November from 53.6 the previous month, a much sharper drop than expected. Analysts polled by the newspaper anticipated a drop... Go to Source Author: John Johnson with Newser.AI
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October Layoffs the Worst Since 2003
Layoffs in the US have reached recession-level numbers, reports the Washington Post , which cites new data from the private firm Challenger, Gray & Christmas to back that up: So far this year, employers have announced 1.1 million job cuts, a figure in line with the Great Recession of 2008-09,... Go to Source Author: John Johnson with Newser.AI
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ADP Gives Us a Sense of What Happened in October
With the October jobs report all but certain to not materialize on Friday due to the shutdown, a meaningful outside data point: Payroll processor ADP on Wednesday said America's private sector added 42,000 jobs in October, besting expectations of 22,000 fresh jobs and an improvement from September's revised... Go to Source Author: Kate Seamons with Newser.AI
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China Has a Major Domestic Spending Problem
China's economy has a new problem: its own consumers. While global shoppers are snapping up Chinese goods at record rates despite tariffs and trade tensions, Chinese citizens themselves are keeping their wallets closed, the New York Times reports. The result is an economy increasingly reliant on exports, even as officials... Go to Source Author: Rob Quinn with Newser.AI
