Morning Business Report: More Americans working more than one job and Starbucks wooing customers
One job is no longer enough for 8.9 million Americans.
(LILAMAX) – Starbucks will add seating and power outlets to attract customers, and nearly 9-million Americans have multiple jobs.
Jane King is at the New York Stock Exchange with those stories and more in today’s Morning Business Report.
One job is no longer enough for 8.9 million Americans.
According to February’s jobs data, more people than ever have multiple jobs, dating back to when tracking began in 1994. The findings could signal that employment opportunities are easier to come by — but it could also mean that workers are having trouble making ends meet and need the extra income.
Starbucks is betting customers will linger and order more lattes if they can find a cozy spot to charge their phones and laptops.
Bloomberg reports is testing new store designs in the us as it looks to reverse a sales slump. A key element of the plan is to more clearly separate in-store and mobile ordering, including pickup shelves in some locations. The coffee chain is also looking at a redesigned espresso bar.
Inflation came in lower than forecast and that sent the NASDAQ higher.
But anxiety about tariffs weighed on the Dow and it fell 82 points.
Meanwhile, a Government Shutdown is closer as senate democrats say they won’t approve the house spending bill.
GE Aerospace announced a nearly $1 billion investment in U.S. Manufacturing.
The company said the investment will help “strengthen manufacturing and increase the use of innovative new parts and materials needed for the future of flight.” It marks the latest company to put money back into the U.S. Economy.
Eli Lilly announced last month that it was investing an additional $27 billion to boost domestic drug production.
The average American has already mentally spent more than half of their paycheck before it lands in their account.
The survey polled 2,000 employed Americans who make less than $75,000 per year and explored where this money goes, revealing the “anatomy” of a paycheck that show housing is the first time to be paid, followed by food and medicine.
Conducted by Talker Research on behalf of earning, results also found that the average American spends about 43% of their paycheck within the first three days after receiving it.
