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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 28, 2017
Page
9
The January employment report expected for release shows about 170000 new jobs, with unemployment near 4.7 percent. Manufacturing and mining and logging are focal points as oil prices influence hiring. manufacturing rose 17000 in December, signaling potential factory gains this year. Ulta and Ford snippets reflect stock moves tied to technology and auto sector updates.
The Commerce Department reports 2016 GDP rose 1.6 percent, with Q4 growth at 1.9 percent as consumer spending housing and business investment offset weak exports. Full year 2016 saw gains hampered by energy downturns and sluggish investment, but crude price rebounds and stockpile restocking supported activity. Economists anticipate about 2.3 percent growth in 2017 aided by tax cuts and infrastructure plans.
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