Labor Department

NEW YORK | Global stocks jump as technology and energy companies rise

NEW YORK — Global stock indexes jumped Wednesday to reverse some of their big losses from the week before. In the U.S., technology companies rallied and energy companies rose along with crude oil prices. Health care and industrial companies also jumped, while safer, high-dividend stocks like utilities and household goods makers were little changed. KEEPING … Continue reading NEW YORK | Global stocks jump as technology and energy companies rise

WASHINGTON | US consumer prices flat in November as energy plunges

WASHINGTON— U.S. consumer prices were unchanged in November, the best performance since prices actually fell eight months ago. The docile inflation reading reflected a big drop in the cost of gasoline and other energy products. The Labor Department said Wednesday that the unchanged inflation reading last month followed a 0.3 percent jump in prices in … Continue reading WASHINGTON | US consumer prices flat in November as energy plunges

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 consumer prices increased 0.3 percent in October

WASHINGTON  — Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase. The Labor Department said Wednesday that this measure of inflation has jumped 2.5 percent over the past 12 months. Adjusted for rising prices, average weekly wages have improved 0.9 percent this year. That’s … Continue reading WASHINGTON | US consumer prices increased 0.3 percent in October

SINGAPORE | World shares wobble ahead of US, Chinese economic data

SINGAPORE — Global markets were mixed Monday ahead of the release of economic data by the U.S. and China which could show the effects of a trade dispute between the world’s two biggest economies. KEEPING SCORE: Germany‘s DAX lost 0.6 percent to 11,465.63 in early trading while Britain’s FTSE 100 rose 0.4 percent to 7,130.04. … Continue reading SINGAPORE | World shares wobble ahead of US, Chinese economic data

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 | US employers post record number of open jobs in August

WASHINGTON — U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department … Continue reading WASHINGTON | US employers post record number of open jobs in August