christopher rugaber

WASHINGTON | Number of federal workers seeking US jobless aid doubles

WASHINGTON —Jan 17, 2019—The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5. The Labor Department says that is double the number of federal workers who sought aid in the previous week. Typically fewer than a thousand former federal … Continue reading WASHINGTON | Number of federal workers seeking US jobless aid doubles

WASHINGTON | US wholesale prices fell 0.2 percent in December

WASHINGTON—Jan 15, 2019— U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent in December from … Continue reading WASHINGTON | US wholesale prices fell 0.2 percent in December

WASHINGTON | US consumer spending rises solid 0.4 percent in November

WASHINGTON — Americans lifted their spending 0.4 percent in November from the previous month, a moderate gain that should sustain steady economic growth. The Commerce Department says personal incomes rose 0.2 percent, down from 0.5 percent in the previous month. Consumer spending jumped by the most in 13 months in October, and November’s solid gain … Continue reading WASHINGTON | US consumer spending rises solid 0.4 percent in November

WASHINGTON | US durable goods orders up 0.8 pct., led by defense spending

WASHINGTON — Orders to U.S. factories for long-lasting goods rose at a modest pace last month, but the gain was driven entirely by demand for military aircraft. Excluding transportation equipment, orders fell. The Commerce Department said Friday that durable goods orders rose 0.8 percent in November, following a sharp fall of 4.3 percent the previous … Continue reading WASHINGTON | US durable goods orders up 0.8 pct., led by defense spending

WASHINGTON | US home construction rose last month, led by apartments

WASHINGTON — U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell. The Commerce Department said Tuesday that housing starts rose 3.2 percent in November from the previous month to a seasonally adjusted annual rate 1.26 million. Despite the increase, that is … Continue reading WASHINGTON | US home construction rose last month, led by apartments

WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

WASHINGTON— U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — increased 0.1 percent in November from the previous … Continue reading WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

WASHINGTON | US job openings in October rise to 2nd-highest on record

WASHINGTON — The number of open jobs rose in October to the second-highest on record, evidence that U.S. employers remain determined to hire, despite ongoing trade disputes and rocky financial markets. The Labor Department says the number of job openings increased 1.7 percent to a seasonally adjusted 7.1 million. That is not far from the … Continue reading WASHINGTON | US job openings in October rise to 2nd-highest on record

WASHINGTON | US hiring pullback could signal mild slowdown in growth

WASHINGTON — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year. The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 points, or 2.2%, by market … Continue reading WASHINGTON | US hiring pullback could signal mild slowdown in growth