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Tag Archives: gas prices

Unemployment rose to 9.2 percent in June as hiring stalls

WASHINGTON — Hiring slowed to a near-standstill last month, raising doubts that the economy will rebound in the second half of the year after a spring slump. The economy generated only 18,000 net jobs in June, the fewest in nine months. ...

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U.S. service sector grew in June, but at slower pace

WASHINGTON — The U.S. service sector, which employs nearly 90 percent of America’s work force, expanded for a 19th consecutive month in June. But growth slowed from May, a sign that the economy remains sluggish. The Institute for Supply Management ...

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Factories busier in June after spring slump

NEW YORK — U.S. factory activity picked up in June after a sluggish May, helped by lower gas prices and some easing of supply disruptions. The Institute for Supply Management, a trade group of purchasing executives, said Friday that its ...

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Unemployment benefit applications stuck above 400K

WASHINGTON — The number of Americans seeking unemployment benefits was mostly unchanged last week, evidence that the weak economy is struggling to generate jobs. Unemployment benefit applications ticked down 1,000 to a seasonally adjusted 428,000, the Labor Department said Thursday. ...

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Employers added 54K jobs, rate ticks up to 9.1 pct

WASHINGTON — Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the U.S. economy is slowing, hampered by high gas ...

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