Category: News

November 2018 Job Numbers

The latest job numbers from the Bureau of Labor Statistics have analysts worried that economic growth may be slowing. While the unemployment rate is at 3.7% – the lowest in 50 years – payroll growth did not meet expectations. Economists predicted payroll growth of 198,000 in November, but the actual number was only 155,000. Employment in transportation …

Continue Reading

Diesel, Lumber, And Staffing News – December 4, 2018

        National Average Diesel Price Per Gallon: $3.21 On December 3, Qatar’s Energy Minister announced that the country will be withdrawing from OPEC effective January 1, 2019. Qatar is one of OPEC’s smallest oil producers. However, the country is one of the world’s largest producers of liquefied natural gas. “This is a …

Continue Reading

Black Friday 2018 Sales Report

A strong Black Friday 2018 signals the continued popularity of online shopping. It also points to a brick-and-mortar retail industry that remains strong in some ways, but is still lagging behind in others. Both online and in-store retail sales totaled $23 billion this year, which is up 9% from 2017. And according to Mastercard, total …

Continue Reading

Diesel, Lumber, And Staffing News – November 14, 2018

        National Average Diesel Price Per Gallon: $3.32 The crude oil market has flipped. During past weeks, investors worried about high prices due to shortages of U.S. oil and the possibility of shrinking imports from Iran. But now, analysts are expecting supply to outstrip demand. The reason? Slowing consumption and expectations that …

Continue Reading

Diesel, Lumber, And Staffing News – November 6, 2018

        National Average Diesel Price Per Gallon: $3.34 Since October 30, BP, Chevron, and Exxon Mobil have all seen jumps in earnings as well as profits that beat quarterly expectations. “Our strong financial results reflect higher production and crude oil prices,” said Chevron Chairperson and CEO Michael Wirth. And according to Chevron …

Continue Reading

October 2018 Job Numbers

The latest job numbers from the Bureau of Labor Statistics point to an economy that continues to grow. Analysts had expected the economy to grow by 189,000 jobs in October, but the actual number was 227,000. Construction and manufacturing each added 17,000. Trade, transportation, and utilities added a combined total of 61,000 new jobs. Meanwhile, the unemployment rate remains unchanged at 3.7%. …

Continue Reading