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Tag Archives: business news

Weekly jobless aid applications rise to 368K

WASHINGTON — The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring. Weekly applications for unemployment benefits leapt 38,000 to a seasonally adjusted 368,000, the Labor Department said Thursday. The ...

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Economy shrinks 0.1 pct., 1st time in 3½ years

WASHINGTON — The U.S. economy unexpectedly shrank from October through December, the first quarterly drop since 2009 and a reminder of the economy’s vulnerability as automatic cuts in government spending loom. The Commerce Department said the economy shrank at an ...

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