Tuesday, May 22, 2018
Business

Series of U.S. economic reports bring mostly positive news

Other surveys bring mostly positive news

A series of economic reports released Wednesday carried mostly positive news — about regional growth, productivity, the service sector, to name a few areas — though a private employment report was disappointing. Here's a summary:

Economic growth: A Federal Reserve Beige Book survey says economic growth increased throughout the United States from April through late-May, fueled by home construction, consumer spending and steady hiring. Eleven of the Fed's banking districts reported "modest to moderate" economic growth, according to the Beige Book survey released Wednesday. The 12th, in Dallas, reported strong growth.

Worker productivity: U.S. worker productivity grew a modest amount in the first quarter after having declined in 2012's fourth quarter. Productivity rose at a seasonally adjusted annual rate of 0.5 percent in the first quarter, following a 1.7 percent decline in the October to December period, the Labor Department said Wednesday.

Service growth: U.S. service firms grew at a faster pace in May, driven by a jump in new orders. The Institute for Supply Management said its index of service-sector growth rose to 53.7 from 53.1 in April. Any reading above 50 indicates expansion. Last month's figure is below the 12-month average of 54.4.

Factory orders: Orders to U.S. factories rose modestly in April as manufacturers rebounded from a weak March performance. Factory orders rose 1 percent in April compared with March, when orders had dropped a sharp 4.7 percent, the Commerce Department said. The big swing reflected volatility in commercial aircraft orders, which were down sharply in March but surged 53.3 percent in April.

Job gains: A private survey shows U.S. businesses added just 135,000 jobs in May, the second straight month of weak gains. Payroll provider ADP said May's gain was above April's revised total of 113,000. But it's much lower than the gains ADP reported over the winter, which averaged more than 200,000 a month from November through February.

Associated Press

Comments
Many Americans still cannot afford a $400 set back

Many Americans still cannot afford a $400 set back

Could you pay an unexpected $400 expense?More than four in 10 Americans said they couldn’t without borrowing money or selling something, according to the Federal Reserve’s Report on the Economic Well-Being of U.S. Households released Tuesday.That’s a...
Updated: 10 hours ago
Target: New Tampa, Clearwater stores part of company-wide makeovers

Target: New Tampa, Clearwater stores part of company-wide makeovers

Target is renovating more than 1,000 stores by the end of 2020, including two SuperTarget locations in New Tampa and Clearwater.The Clearwater store’s makeover — which the corporation calls ‘‘reimagining" — just wrapped up, according to Target spoke...
Updated: 11 hours ago
Downtown St. Pete Ford’s Garage and Yeoman’s to open Wednesday

Downtown St. Pete Ford’s Garage and Yeoman’s to open Wednesday

ST. PETERSBURG — Ford’s Garage, a car junkie’s haven, has proven to be popular eatery across the state.Now it has a chance to drive customers to its seats in St. Petersburg. The restaurant opens its ninth location downtown Wednesday at 200 First Ave....
Updated: 11 hours ago

The hostile work environment checklist: How toxic is yours?

Workplace stress is hardly a new phenomenon. Everyone has a bad day (or even month) at work now and then. Your client presentation didn’t go as well as planned; your boss didn’t fall head over heels for your proposal; you had to stay late to finish a...
Updated: 11 hours ago
Career Q&A:

Career Q&A:

Q: Despite having a stellar employment record, I am concerned about two incidents mentioned during my recent performance review. Both involved accusations which were completely unfair.Several months ago, our human resources manager told me that I was...
Updated: 11 hours ago
Tampa-backed company with candy-like coffee thins inks deal with Dunkin’ Donuts

Tampa-backed company with candy-like coffee thins inks deal with Dunkin’ Donuts

TAMPA — Tampa-based private equity firm ProspEquity Partners paid $18.2 million less than three weeks ago for a two-thirds stake in Tierra Nueva, a Miami company with a new idea for coffee, and already it has some big news.Tierra Nueva has inked a de...
Published: 05/22/18
Proud mom orders ‘Summa Cum Laude’ cake online. Publix censors it to ‘Summa . Laude.’

Proud mom orders ‘Summa Cum Laude’ cake online. Publix censors it to ‘Summa . Laude.’

Saturday was Jacob Kosinski’s big day. His whole family, many from out of town, saw the Charleston, South Carolina, student graduate from his Christian-based homeschool program with a 4.89 grade point average and the coveted honor of summa cum laude....
Published: 05/22/18
It’s picking time at Brooksville blackberry farm, one of a handful in the region

It’s picking time at Brooksville blackberry farm, one of a handful in the region

BROOKSVILLE — Black follows blue in the berry patches of Hernando County, but blackberry proponents claim they’re worth waiting for.Today’s blackberry brambles are thornless and don’t require bending over to pick. Their fruits are mouth-full juicier,...
Published: 05/22/18
Amazon is selling facial recognition to Orlando law enforcement - for a fistful of dollars

Amazon is selling facial recognition to Orlando law enforcement - for a fistful of dollars

Amazon has been providing facial recognition tools to law enforcement agencies in Oregon and Orlando for only a few dollars a month, according to documents obtained by American Civil Liberties Union of Northern California, paving the way for a rollou...
Published: 05/22/18
Report: Downtown Tampa has least amount of vacant land of top 25 metros

Report: Downtown Tampa has least amount of vacant land of top 25 metros

Tampa is facing major landscape changes as projects like Water Street Tampa gear up. But despite the ongoing and upcoming major development, a new CommercialCafé study says, downtown Tampa has a big challenge with the least amount of vacant land of a...
Published: 05/22/18