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A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found.Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months. That is down from one-third in July. Job totals were unchanged at 69% of companies, up from 57% in July. A broad measure of job gains in the survey fell to its lowest level since October 2012.The hiring slowdown comes as more businesses are reporting slower growth of sales and profits. Business economists also expect the economy’s growth to slow in the coming year, partly because tariffs have raised prices and cut into sales for many firms.“The U.S. economy appears to be slowing, and respondents expect still slower growth over the next 12 months,” said Constance Hunter, NABE president and chief economist at the accounting firm KPMG.Perhaps because of concerns over a weakening economy, businesses are less likely to offer higher pay, even with unemployment at a 50-year low. Just one-third of economists said their firms had lifted pay in the past three months, down from more than half a year ago.Companies are also cutting back on their investments in machinery, computers, and other equipment. The proportion of firms increasing their spending on such goods is at its lowest level in five years, the survey found.Sales are also growing more slowly. Just 39% of economists said they rose in the past three months, down from 61% a year earlier. And only 38% said they expect sales to rise in the next three months, also down from 61% a year ago.Many business economists blamed President Trump’s tariffs on steel, aluminum, and on most imports from China for worsening business conditions. Thirty-five percent said the duties have hurt their companies, while just 7% said they had a positive effect.Of those who said tariffs had impacted their companies, 19% said they had lowered their sales and 30% said the duties pushed up costs.That has cut into profits for many firms. Just 19% of economists said their companies’ profit margins have risen in the past three months, barely half the 37% who reported greater profits a year earlier.Two-thirds of the economists surveyed now forecast that the economy will grow just 1.1% to 2% from the third quarter of 2019 through the third quarter of 2020. A year ago, they were more bullish: Nearly three-quarters forecast growth of 2.1% to 3% from the third quarter of 2018 through the third quarter of 2019.The NABE surveyed 101 economists at companies and trade associations from Sept. 26 through Oct. 14. 2672
A massive police response converged on the small town of Huger, South Carolina Tuesday afternoon following reports of an active shooter, ending in a shootout with officers that left the suspect dead. Berkeley County Sheriff's Office confirmed that no other injuries stemmed from Tuesday's incident. The Sheriff's Office tweeted a photo of one its cruisers that was targeted by the suspect. The suspect's identity has not been released. 448
AKRON, Ohio — LeBron James surprised students at his I Promise School in Akron with million grant from the Dick's Sporting Goods Foundation for a brand new gym for after school sports and PE activities.Students gathered in the gym of James' alma mater, St. Vincent-St. Mary High School in Akron. They had no idea James was behind the curtain to reveal the big announcement.“To my kids, this is more than a gym. The Dick's Sports Matter program is helping us provide even more opportunities. An opportunity to play and learn in a safe place that many don’t have access to," James said. "I can’t imagine where my friends and I would be if it weren’t for the coaches and teachers who cared about us and the opportunities we had." 741
All just got a little hotter round here! The first phase of test results for our precooler heat exchanger replicate supersonic flight conditions at Mach 3.3. Further #HotHTX tests to #hypersonic coming soon @SpaceportCO #futureflight #thermalmanagement https://t.co/4fMgeTgEvD pic.twitter.com/JWUOhpsuLr— Reaction Engines Ltd (@ReactionEngines) April 8, 2019 372
A shooter injured 11 people early Sunday on Canal Street, on the edge of New Orleans' French Quarter, and a person has been detained though not charged, police said.Ten of the victims were transported to local medical centers, and one walked into a local hospital. Two of the victims are in critical condition, the New Orleans Police Department said."An individual was detained near the scene," police said, but her or his possible involvement in the shooting is under investigation.No arrests had been made as of about 6:30 a.m. (7:30 a.m. ET), according to police.Police received a call reporting a disturbance at 3:21 a.m. When officers arrived on the scene, they could hear gunshots and found victims immediately, NOPD spokesman Aaron Looney said.The shooting address provided by police is a brief walk from the popular Bourbon Street, where tourists are known to congregate.Paramedics and state and federal police have also responded to the scene. 964