Stories by Christopher S. Rugaber

Tuesday, July 28, 2015

Strong home sales, limited supply lift US home prices in May

WASHINGTON — U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year.
By Christopher S. Rugaber

Thursday, July 23, 2015

Applications for US jobless benefits fall to 42-year low

Applications for jobless benefits are a proxy for layoffs, so the low level indicates that employers are keeping their staffs and likely hiring at a steady pace.
By Christopher S. Rugaber

Tuesday, July 21, 2015

Unemployment rates fell in 21 US states in June, rose in 12

Unemployment rates fell in 21 US states in June, held down by shrinking workforce.
By Christopher S. Rugaber

Tuesday, July 14, 2015

US retail sales drop in June after an increase in May

Americans cut back their spending at stores and restaurants last month, a sign that they remain cautious despite robust job growth in the past year. 
By Christopher S. Rugaber

Thursday, July 2, 2015

US unemployment falls to 7-year low, but paychecks flat

U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture.
By Christopher S. Rugaber

Solid hiring expected for June as US job market nears normal

U.S. employers added jobs at a solid pace in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market painted a ...
By Christopher S. Rugaber

Tuesday, June 30, 2015

Obama proposes to make more workers eligible for overtime pay

WASHINGTON - They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many ...
By Christopher S. Rugaber

Boosting overtime: Obama calls for broader coverage

They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they ...
By Christopher S. Rugaber

Thursday, June 25, 2015

U.S. unemployment grows slightly, but economy and job market improves

The number of people seeking unemployment aid rose slightly last week, but remained at a historically low level that signals an improving job market.
By Christopher S. Rugaber

Wednesday, June 24, 2015

US economy on mend after harsh winter hits 1st quarter

WASHINGTON — The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary.
By Christopher S. Rugaber

Thursday, June 11, 2015

US household wealth reaches new high of nearly $85 trillion

A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.
By Christopher S. Rugaber

Tuesday, June 9, 2015

Number of US job openings jumped to a 15-year high in April

A sign of business confidence: Number of US job openings jumped to 15-year high in April.
By Christopher S. Rugaber

Thursday, June 4, 2015

US unemployment aid applications drop to 276,000

WASHINGTON — Fewer Americans sought unemployment benefits last week, a sign that job cuts remain low as employers are confident enough in the business outlook to hold onto their staffs.
By Christopher S. Rugaber

Wednesday, June 3, 2015

Private sector hiring picks up in May

Payroll processor ADP said Wednesday that businesses added 201,000 jobs last month, up from just 165,000 in the previous month. April's increase was the smallest in a year and a half.
By Christopher S. Rugaber

Wednesday, May 27, 2015

Unemployment rates fell in 23 US states in April

WASHINGTON — Unemployment rates fell in 23 U.S. states in April as hiring rebounded nationwide from weak job gains the previous month.
By Christopher S. Rugaber

Tuesday, May 26, 2015

US home prices rose at steady pace in March from year ago

US home prices rose at steady pace in March from year ago, driven higher by limited supply.
By Christopher S. Rugaber

Monday, May 25, 2015

Cheap oil not aiding economy

The economy is thought to have shrunk in the January-March quarter and might barely grow for the first half of 2015 - thanks in part to sharp cuts in energy drilling. 
By Christopher S. Rugaber

Friday, May 15, 2015

US industrial output falls for 5th month on lower drilling

WASHINGTON - A plunge in energy-related drilling and sluggish manufacturing sent U.S. industrial output down for a fifth consecutive month in April.
By Christopher S. Rugaber

Tuesday, May 12, 2015

US job openings fall, hiring rises in mixed report

US job openings fall, hiring rises as figures paint mixed picture of labor market.
By Christopher S. Rugaber

Friday, May 8, 2015

Job auditions give new hope for some long-term unemployed

Platform to Employment provides job-search training before arranging subsidized auditions. This eliminates any risk to employers while giving the jobless an opening to prove themselves.
By Christopher S. Rugaber
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