The White-Collar Job Apocalypse That Didn’t Happen

“I can share my screen with them, but I can’t, in real time, sit with them while they’re making the mistakes and show them where they’re making the mistakes,” he said. Mr. Kincaid’s current employer, Nexient, develops software for companies on a contract basis — work that is a prime candidate for outsourcing. But all of Nexient’s employees are in the United States, which the company uses as a selling point with its clients. Mark Orttung, Nexient’s chief executive, said that offshoring worked fine for certain types of work, such…

Economic Anxiety Among Voters Is a Sign of Vulnerability for Trump

Americans’ confidence in the economy is fragile, with a majority of voters expressing concern — a potential vulnerability for President Trump if the current economic slowdown worsens before next year’s election. The stock market tumbled last week after bond prices flashed a signal that has historically been a predictor of recessions. Stocks later rebounded, but that episode, combined with other data suggesting an economic slowdown, has contributed to increasingly dour forecasts from many economists. But even before last week’s swings, voters were expressing doubts about the state of the national…

Job Gains Were Weaker Than Reported, by Half a Million

Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday. The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers the period through March; final updates, which will include the rest of 2019, will be released in February. The revisions don’t change the overall picture of a healthy job market. But they do mean that 2018, which had ranked among…

A Recession Is Coming (Eventually). Here’s Where You’ll See It First.

Last week’s report on second-quarter gross domestic product showed that the economy slowed last spring. It also came exactly 10 years since the Great Recession ended, making this officially the longest expansion in American history. (Well, probably. More on that in a second.) So perhaps it’s no surprise that forecasters, investors and ordinary people are increasingly asking when the next downturn will arrive. Economists often say that “expansions don’t die of old age.” That is, recessions are like coin flips — just because you get heads five times in a…