Stories 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

April job report offers some reassurance

WASHINGTON - Re­boun­ding from a dismal start to the year, the U.S. economy added 223,000 jobs in April, a solid gain that suggested employers are helping fuel a durable if still subpar ...
By Christopher S. Rugaber

Wednesday, May 6, 2015

Hiring by US businesses slows sharply in April

WASHINGTON — U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back ...
By Christopher S. Rugaber

Thursday, April 30, 2015

US wage growth shows signs of strength as hiring picks up

US wage growth shows signs of strengthening as strong hiring boosts competition for workers.
By Christopher S. Rugaber

Applications for US unemployment aid plunge to 15-year low

Applications for US jobless aid plunge to 15-year low, a sign growth slowdown may be temporary.
By Christopher S. Rugaber
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