BUSINESS DIGEST || Training facility
The Warren and Trumbull County Community Improvement Corp. is partnering with CenturyLink to create a regional training facility at 220 S. Park Ave.
The training center, in CenturyLink’s facility in downtown Warren, will bring a minimum of 100 Century-Link employees from the Midwest for training activities each year.
Training to be conducted at the facility will include multiday sessions focused on cable splicing and installation, high-speed Internet and fiber training.
The Kiwanis Club of Western Mahoning County meets at 6 p.m. each Wednesday at A La Cart Catering, 429 Lisbon St. Guests and new members are welcome to attend.
This coming Wednesday, speakers will be Mahoning County Sheriff Jerry Greene and/or Capt. Bill Cappabianca.
State auction July 12
A wide variety of electronic equipment and other items will be available for bid at the state of Ohio miscellaneous property auction July 12.
The auction will take place at the Ohio Department of Administrative Services, General Services Division headquarters, 4200 Surface Road. Doors open at 8 a.m., and the auction begins at 9.
Auction items include computer and other electronic equipment, office furniture, exercise equipment, lawn mowers and utility tools.
Recovery revs up
A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.
Employers added 288,000 jobs in June and helped cut the unemployment rate to 6.1 percent, the lowest since 2008. It was the fifth-straight gain above 200,000 — the best such stretch since the late 1990s tech boom.
The stock market signaled its approval. The Dow Jones industrial average surged 92 points to top 17,000 for the first time.
Over the past 12 months, the economy has added nearly 2.5 million jobs — an average of 208,000 a month, the fastest year-over-year pace since 2006.
The U.S. job gains in June were widespread. Factories added 16,000 workers, retailers 40,200. Financial and insurance firms increased their payrolls by 17,000. Restaurants and bars employed 32,800 more people. Only construction, which gained a mere 6,000, reflected the slow recovery of previous years.
Trade deficit drops
The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly.
The trade deficit narrowed 5.6 percent in May to $44.4 billion after hitting a two-year high of $47 billion in April, the Commerce Department reported Thursday.
Exports of goods and services rose 1 percent to a record $195.5 billion in May while imports fell a slight 0.3 percent to $239.8 billion.
In May, the U.S. trade deficit with China rose 5.4 percent to $28.8 billion.
Vindicator staff/wire reports