U.S. Economic News

May 18, 2018

U.S. News

Eric Morath of the Wall Street Journal writes that a new study found that workers are most willing to relocate for high-tech jobs in large coastal cities such as San Francisco or New York. However, the bulk of open jobs in the U.S. are concentrated in the Midwest region, meaning this focus on technology jobs on the coasts could worsen labor shortages in an already-tight labor market. WSJ

The Wall Street Journal reports that in an effort to ease trade tensions with the U.S., China backed off an anti-dumping probe into imported U.S. sorghum. The end of the probe signals progress on a deal for China to lift recent tariffs on U.S. agricultural imports in exchange for eased U.S. sanctions on Chinese telecom firm ZTE, though hurdles remain. WSJ