Business News

Economy Adds More Jobs

The ADP jobs report says the private sector added 179,000 jobs in May. That is below what the market expected, but not a bad number. The number was led by manufacturing and construction. Professional services declined. (CNBC)

US non-farm productivity for the first quarter declined 3.2% in May.  The cost of labor grew by 5.7%. (Fox Business News)

A&T boosted its 2014 revenue forecast as it anticipates adding 800,000 new customers in the second quarter. The new revenue twist is the “Next” installment plan for those who want a smartphone but not make a two year commitment. That made up 40% of wireless sales for Ma Bell in Q1. (Bloomberg)

They were fighting for your breakfast dollar and now the battlefield has moved to your lunch money.  Dunkin’ Donuts is introducing a new chicken lunch sandwich after Starbuck’s rolled out seven new hot lunch sammies at some locations. This is an area where the companies can grow, since 65% of all traffic at coffee and donut shops happens in the morning. (Bloomberg)

The average US home price rose 10.5% in April compared to the year before.  Prices in Oregon were up 11.8%.  These respectable gains are the smallest in 14 months. (CoreLogic)

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