Latest / Business of Tech: Daily MSP News & IT Services Analysis
US GDP Steady, Intel's Historic Loss, CompTIA's For-Profit Shift & Tech Hiring Trends
The latest economic indicators highlight a steady U.S. GDP growth rate of 2.8% for the third quarter of 2024. This growth is supported by a notable increase in consumer spending, which rose at a 3.7% annualized rate. However, the job market shows signs of stagnation, with only 12,000 new jobs added in October, raising concerns about underlying weaknesses. Despite the unemployment rate remaining steady at 4.1%, the episode emphasizes the challenges faced by small businesses in filling job vacancies, particularly in sectors like construction and transportation.
Host Dave Sobel also delves into…
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