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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

Alabama sent the most restrictive abortion bill in the country to the governor's desk Tuesday night, with the state's Senate passing legislation that could punish doctors who perform abortions with life in prison.The state's Republican backers have pushed the legislation, which amounts to a near-total ban on abortion in the state, forward with the express goal of overturning Roe v. Wade, the Supreme Court case legalizing abortion. Alabama lawmakers join legislators in several other states in putting forth legislation to restrict abortion, such as Georgia's recent fetal heartbeat bill.After more than four hours of debate, the Republican-led Senate voted 25-6 to pass HB 314, which would slap doctors with up to 99 years in prison for performing an abortion. The Alabama House passed the bill earlier this month.The law only allows exceptions "to avoid a serious health risk to the unborn child's mother," for ectopic pregnancy and if the "unborn child has a lethal anomaly." Democrats re-introduced an amendment to exempt rape and incest victims, but the motion failed on an 11-21 vote.Republican Gov. Kay Ivey will have six days to sign the legislation, though the bill would not take effect until six months after becoming law. Ivey has not publicly taken a stance on the bill but has previously aligned herself as anti-abortion, 1351

Amazon confirmed that one of its employees has tested positive with coronavirus. ABC News and CNN reported that the employee was based in Seattle, which has been the epicenter for a large number of confirmed cases in the United States. “We’re supporting the affected employee who is in quarantine," Amazon said in a statement. According to statistics compiled by Johns Hopkins University, all nine coronavirus-related deaths in the United States have been in Washington. King County, Washington, has had 21 confirmed cases. It is unknown if the employee is among those counted in the official total. 612

A video of an interaction between Vice President Mike Pence and Prince Charles went viral on Thursday as the video showed Charles apparently passing by Pence to not shake his hand. (Video seen in the player above).While many thought that Charles had snubbed Pence, officials representing both Pence and Charles said it was not a snub. A video released by Pence's press secretary Katie Waldman shows that indeed Charles and Pence exchanged greetings earlier in the day. 480

American hiring rebounded last month after an unusually weak job market in February, but signs still point to a gradual economic slowdown.The US economy added 196,000 jobs in March, up from 33,000 the prior month. Despite a slight upward revision from the original estimate, February hiring remained the weakest since September 2017.Meanwhile, the unemployment rate remained at 3.8%, a level near historic lows.While March hiring was robust, it brings the first-quarter average to 180,000 jobs created per month, down from 223,000 per month on average in 2018. Economists have been expecting a slowdown, and so far it looks gradual enough to support the idea that the economy may glide to a lower level of activity in 2019 735

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