Latest Mark Zandi News

Small business hiring slow, likely to remain so, reports say

Dec. 9, 2019 10:34 AM EST

NEW YORK (AP) — Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020. Payroll processor ADP said its customers with up to 49 employees added 11,000 jobs in...

Q&A: Does a manufacturing slump threaten the US economy?

Dec. 7, 2019 10:52 AM EST

WASHINGTON (AP) — Defying fears and predictions, the U.S. economy is still shrugging off President Donald Trump’s trade conflicts. Employers added a sizzling 266,000 jobs in November, and unemployment matched a 50-year low of 3.5% — all while the Trump administration is waging a bruising...

Sen. Paul offering bill to combat student loan debt

Dec. 3, 2019 3:24 PM EST

FRANKFORT, Ky. (AP) — U.S. Sen. Rand Paul wants to combat the rising debt load engulfing college students by allowing families to use their retirement savings to pay off their loans. The Kentucky Republican introduced federal legislation late Monday that would allow students to dip into retirement accounts...

US economy defies threats with a solid job gain for October

Nov. 1, 2019 4:21 PM EDT

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 of thousands of workers were temporarily counted as...

US economy grows at modest 1.9% rate in third quarter

Oct. 30, 2019 4:43 PM EDT

WASHINGTON (AP) — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy. The Commerce Department reported Wednesday that the July-September...

Survey: US businesses added slight 125,000 jobs in October

Oct. 30, 2019 9:07 AM EDT

BALTIMORE (AP) — U.S. businesses added a mere 125,000 jobs in October, a slowdown in hiring driven in part by job cuts in manufacturing and construction. Payroll processor ADP said Wednesday that hiring in September was also revised down sharply to 93,000 jobs from the initial report of 135,000 jobs. The...