International News

The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.

Consumer confidence remains high and people, in the words of one economist, are “back out in force …spending their hearts away.”

Job growth lags, but other signs strong

The nation’s unemployment rate fell to 4.3 percent in May, the lowest level since 2001, but the United States added a lackluster 138,000 jobs, well below what economists were expecting.

Ukrainian skippers smuggle migrants to Italy

Authorities have cracked down on refugees and migrants leaving Turkey in flimsy inflatable boats, but Ukrainian yachtsmen have proved willing to smuggle to Italy Afghans, Iraqis, Syrians and others who have the means and the money.

Regional Fed manufacturing surveys diverge

So what’s the state of U.S. manufacturing? Dueling Federal Reserve indexes for the New York and Philadelphia areas countered each other last week during a period that was generally light on economic reports.

Hiring surge has yet to spark wage growth

The United States added 211,000 jobs in April, rebounding as expected from a lackluster weather-jinxed March, but although quite a few more people will start getting paychecks, those who have been working aren’t seeing very much income growth from the strengthening economy.

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