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Business The New Economy

  • June jobs report disappoints, but US workers shouldn't worry (+video)

    The US economy added 223,000 jobs in June, and the unemployment rate fell to 5.3 percent. While factors like slow wage growth and low participation remain a concern, hopeful long-term prospects for workers were given an extra boost by President Obama and the Labor Department this week. 

  • The '9 to 5' job is going extinct

    Even in industries with traditional schedules, workers are more likely to do their job outside regular office hours and respond to work e-mails off the clock. That flexibility can lead to better work/life balance, but at the risk of blurring the boundaries between an employee's job and personal life. 

  • As more Americans buy homes, will it ease the strain on renters? (+video)

    Existing home sales rose 3.2 percent to a 5.49 million annualized pace in June as stable job prospects and a much-improved economy encouraged buyers. But thanks to shifting demographics and the lingering effects of the housing crash, more Americans are still renting than they have in decades. 

  • Gas, eggs drive US consumer prices up 0.3 percent in June

    US consumer prices increased 0.3 percent in June, the Labor Department announced Friday. The rise in prices could support the Fed's intention to raise long-term interest rates before the end of 2015. 

  • Are you an independent contractor? Probably not, Labor Department says.

    The Labor Department released detailed guidelines this week for determining whether businesses should designate their workers as "employees" or "independent contractors," and suggested that the latter classification has been used a bit to liberally as companies re-organize and streamline costs. 

  • US retail sales dip 0.3% in June, weighing on Fed's interest rate decision (+video)

    US retail sales fell 0.3 percent in June, a far cry from analysts' expectations for a modest gain. As the economy has recovered well elsewhere, the weakness in the consumer sector has weighed heavily on the Federal Reserve’s eventual decision to finally raise long-term interest rates. 

  • How far does $100 go in your state?

    The same amount of cash goes much further in states like Mississippi and Missouri than it does in expensive areas like Washington D.C. or Hawaii. But do better infrastructure and urban amenities make up for it? 

  • Is the global middle class a reality? Not quite, study finds.

    Despite an historic reduction in global poverty from 2001-2011, the emergence of a global middle class is still just an aspiration, according to a Pew Research center study. Still, experts expect the pattern of raised living standards worldwide to continue. 

July 31, 2015

Photos of the day 07/31

A sheepdog named Flash rounds up sheep during the 2015 Welsh National Sheep Dog Trials in Llanvetherine, Wales, Friday.

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