christopher rugaber

WASHINGTON | AP FACT CHECK: Trump claims he’s vindicated in Russia probe

WASHINGTON (AP) — President Donald Trump is declaring exoneration prematurely in the Russia investigation. He’s tweeting that Republican Sen. Richard Burr, who chairs the Senate intelligence committee, has “announced” the panel found no collusion or conspiracy between Russia and the Trump campaign during the 2016 election. That’s taking it too far. Burr did say in … Continue reading WASHINGTON | AP FACT CHECK: Trump claims he’s vindicated in Russia probe

WASHINGTON | AP FACT CHECK: Trump swipes progress from Obama era

WASHINGTON (AP) — In President Donald Trump‘s estimation, the good times began to roll for the country on the night he was elected. So he doesn’t hesitate to swipe job growth from the twilight of the Obama administration and claim it as his own. That overreach, seen in his State of the Union speech and … Continue reading WASHINGTON | AP FACT CHECK: Trump swipes progress from Obama era

WASHINGTON | AP FACT CHECK: Trump on the economy

WASHINGTON (AP) — A look at one of President Donald Trump‘s statements from his State of the Union address on Tuesday night and how it compares with the facts: TRUMP: “In just over two years since the election, we have launched an unprecedented economic boom — a boom that has rarely been seen before. There’s … Continue reading WASHINGTON | AP FACT CHECK: Trump on the economy

WASHINGTON | AP FACT CHECK: Trump on unemployment for blacks, Latinos

WASHINGTON (AP) — A look at one of President Donald Trump‘s statements from his State of the Union address on Tuesday night and how it compares with the facts: TRUMP: “African-American, Hispanic-American and Asian-American unemployment have all reached their lowest levels ever recorded.” THE FACTS: What he’s not saying is that the unemployment rates for … Continue reading WASHINGTON | AP FACT CHECK: Trump on unemployment for blacks, Latinos

WASHINGTON | AP FACT CHECK: Trump exaggerations on wall, NKorea, economy

WASHINGTON—Jan 26, 2019—Over the past week, President Donald Trump declared that the remains of U.S. service members are “back home where they belong” from North Korea, though that mission has barely started and already has run into a roadblock. He exaggerated economic performance under his presidency and the progress of the border wall that Congress, … Continue reading WASHINGTON | AP FACT CHECK: Trump exaggerations on wall, NKorea, economy

WASHINGTON | Applications for US unemployment aid fall to 49-year low

WASHINGTON—Jan 24, 2019—The number of people seeking jobless benefits dropped last week to the lowest level since November 1969, a sign the job market remains strong despite the partial government shutdown, now in its fifth week. The Labor Department said Thursday that weekly applications for unemployment aid declined 13,000 to a seasonally adjusted 199,000. The … Continue reading WASHINGTON | Applications for US unemployment aid fall to 49-year low

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

WASHINGTON | US hiring slower but steady as employers add 155K jobs

WASHINGTON  — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. Average … Continue reading WASHINGTON | US hiring slower but steady as employers add 155K jobs

WASHINGTON | US hiring slowed to 155K jobs, jobless rate stayed 3.7%

WASHINGTON  — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. Average … Continue reading WASHINGTON | US hiring slowed to 155K jobs, jobless rate stayed 3.7%

WASHINGTON | Solid US jobs report expected amid sharp market volatility

WASHINGTON — Friday’s jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade … Continue reading WASHINGTON | Solid US jobs report expected amid sharp market volatility

WASHINGTON | White House intensifies confusion and fear on US-China deal

WASHINGTON — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a stock market plunge and intensifying fears of a global economic slowdown. Investors had initially welcomed the truce that the administration said was reached over the weekend in Buenos Aires between Presidents Donald Trump and Xi Jingping … Continue reading WASHINGTON | White House intensifies confusion and fear on US-China deal

WASHINGTON | US home prices rise more slowly amid weaker sales

WASHINGTON— U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index rose 5.1 percent from a year earlier. That’s down from a 5.5 percent yearly gain in the previous month. It was the sixth straight month that home … Continue reading WASHINGTON | US home prices rise more slowly amid weaker sales

WASHINGTON | AP FACT CHECK: Trump inflates jobs improvement for veterans

WASHINGTON  — President Donald Trump is spinning a tale regarding the number of jobs he’s provided for military veterans. At a veterans’ event Thursday, he said the unemployment rate for former service members is its best in 21 years. He’s not even close. It’s only a one-year low. And it was even lower 18 years … Continue reading WASHINGTON | AP FACT CHECK: Trump inflates jobs improvement for veterans

WASHINGTON | US retail sales rose a solid 0.8 percent last month

WASHINGTON— U.S. retail sales rose at a healthy pace in October, though the gains were likely boosted by one-time factors such as hurricane recovery spending and higher gas prices. The Commerce Department said Thursday that retail sales rose a seasonally adjusted 0.8 percent last month, following two months of slight declines. Excluding gasoline sales, which … Continue reading WASHINGTON | US retail sales rose a solid 0.8 percent last month

WASHINGTON | AP FACT CHECK: Trump’s election fiction on GOP wins, economy

WASHINGTON — Fresh off the GOP’s loss of the House, President Donald Trump is fudging the success of a “booming” economy and overstating the impact of his campaigning on the midterm elections. He suggested that every Republican congressional candidate for whom he paid a visit to their state to rally voters prevailed on Election Day. … Continue reading WASHINGTON | AP FACT CHECK: Trump’s election fiction on GOP wins, economy

WASHINGTON | US wholesale prices jump 0.6 percent, most in 6 years

WASHINGTON— U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals. The Labor Department said Friday that the producer price index — which measures price increases before they reach the consumer — leapt 0.6 percent in October, after a smaller 0.2 percent rise in … Continue reading WASHINGTON | US wholesale prices jump 0.6 percent, most in 6 years

WASHINGTON | Survey: US companies add a robust 227,000 jobs in October

WASHINGTON— U.S. companies added 227,000 jobs in October, according to a private survey, a healthy gain that suggests companies are still finding workers to hire even as the unemployment rate has fallen to a 49-year low. Payroll processor ADP said Wednesday that employers added jobs in manufacturing, retail, and professional services such as engineering. October’s … Continue reading WASHINGTON | Survey: US companies add a robust 227,000 jobs in October

WASHINGTON | US home sales fell in September to slowest pace in 3 years

WASHINGTON — U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy. The National Association of Realtors said Friday that sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 … Continue reading WASHINGTON | US home sales fell in September to slowest pace in 3 years

WASHINGTON | US unemployment falls to 3.7 percent _ lowest since 1969

WASHINGTON— The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. The Labor Department reported Friday that the rate edged down from 3.9 percent the month before as … Continue reading WASHINGTON | US unemployment falls to 3.7 percent _ lowest since 1969

WASHINGTON | US unemployment rate falls to 49-year low of 3.7 percent

WASHINGTON — The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — while hiring slowed. Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence. Florence struck North and South Carolina in the … Continue reading WASHINGTON | US unemployment rate falls to 49-year low of 3.7 percent

WASHINGTON | Survey: US companies added a healthy 230,000 jobs last month

WASHINGTON  — U.S. businesses added a robust 230,000 jobs in September, a private survey found, a sign that strong economic growth is spurring companies to add more workers. Payroll processor ADP says that September’s job gain was the most in seven months. It followed 168,000 new jobs in August, a figure that was revised slightly … Continue reading WASHINGTON | Survey: US companies added a healthy 230,000 jobs last month

WASHINGTON | New Tesla chair must rein in CEO Musk at key moment

WASHINGTON — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmental-friendly electric cars. Musk … Continue reading WASHINGTON | New Tesla chair must rein in CEO Musk at key moment

WASHINGTON | Buoyant stocks lift US household wealth, mainly for affluent

WASHINGTON  — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans’ stock and mutual fund portfolios rose $800 billion, while home values increased $600 … Continue reading WASHINGTON | Buoyant stocks lift US household wealth, mainly for affluent