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Economic Snapshot: Job openings decrease in May

Though job openings decreased in May, the number of hires increased by nearly half a million. JOLTS The number of job openings decreased by 301,000 to 5.7 million on the last business day of May, the U.S. Bureau of Labor Statistics reported, and the job openings rate was 3.7 percent. The number of job openings decreased for total private (-283,000) ...

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Ethanol still a significant challenge, survey says

Growing number of readers report ethanol-related problems Despite efforts to educate boaters about concerns over ethanol in general and E15 in particular, those in the industry are seeing a growing number of problems caused by the fuel. That’s according to the latest Boating Industry reader survey. We surveyed our readers via email in May to find out more about their ...

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Weekly 5: Treasury IDs Obama-era tax rules to reform

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Treasury IDs Obama-era tax rules to reform The Treasury Department on Friday identified eight tax regulations that it plans to suggest changes to, following a review that was ...

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Evinrude unveils $5,999 iDock joystick piloting system

Evinrude has unveiled a new joystick piloting system for its E-TEC G2 engines that it believes will position the company to grow its market share both as an OEM and in the repower segment. With a MSRP of $5,999, the company’s new iDock joystick system comes to retail at less than half the cost of its nearest competitor. “Evinrude iDock ...

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Economic Snapshot: Private sector employment adds 158,000 jobs

Private sector employment increased by 158,000 jobs from May to June, according to the June ADP National Employment Report. This is significantly fewer jobs than were added in May, when private sector employment increased by 230,000 jobs. Medium businesses contributed most heavily to the increase, adding 91,000 jobs. Large business added 50,000 jobs, while small businesses only added 17,000 jobs. ...

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Q&A with Torqeedo President Marcia Kull

Marcia Kull joined the Torqeedo team in May as its new president. Kull’s career in the marine industry began when she was an attorney specializing in product liability defense at Bowman and Brooke, eventually moving to Genmar Holdings and then Volvo Penta, where she was most recently the vice president of marine sales. Kull is enthusiastic about electric propulsion technology ...

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Economic Snapshot: Consumer confidence up in June

Consumer confidence, which decreased in May, increased to 118.9 in June. The Present Situation Index increased from 140.6 to 146.3, while the Expectations Index declined from 102.3 to 100.6. Consumers saying business conditions are “good” increased from 29.8 percent to 30.8 percent and those saying business conditions are “bad” declined from 13.9 percent to 12.7 percent. Consumers stating jobs are ...

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Economic Snapshot: June 2017 housing market report

A look at builder confidence, housing starts and existing home sales in the past month. Housing market index Builder confidence dipped two points to a level of 67 from a downwardly revised May reading of 69, according to the National Association of Home Builders/ Wells Fargo Housing Market Index. “Builder confidence levels have remained consistently sound this year, reflecting the ...

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