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Showing blog posts published on Mar 10, 2017

In Washington, D.C., Another Contractor Stiffed by Trump

Freestate Electrical is suing Donald Trump's organization for failing to pay $2 million for work done on the luxury hotel in the Old Post Office Building in Washington, D.C. Freestate, an Electrical Workers (IBEW) signatory contractor, did award-winning work on the building when Trump was running for president. Four other contractors have sued over the project, claiming nearly $5 million in unpaid bills.

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The Economy Adds 235,000 Jobs in February, and Unemployment Little Changed at 4.7%

The U.S. economy added 235,000 jobs in February and unemployment was little changed at 4.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Wages were up 2.8% from last February, but that growth is modest for this point in a recovery. This continues the recovery of the labor market at a tempered rate, which means the Federal Reserve’s Open Market Committee should continue to let the economy grow at this rate and not raise interest rates.

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