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Tag Archives: job market

Consumer confidence in the economy plunged in May

NEW YORK — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism. Worries about jobs, housing and the ...

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Weekly U.S. jobless aid applications dip to 370,000

WASHINGTON — The number of people seeking unemployment benefits changed little last week, signaling modest job growth. The Labor Department said Thursday that weekly applications for benefits dipped by 2,000 to a seasonally adjusted 370,000. Applications have leveled off this ...

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Economists more upbeat about job growth, housing

NEW YORK — A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak. The National Association for Business Economists says in a ...

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Unemployment aid applications decline slightly

WASHINGTON — The number of people seeking U.S. unemployment benefits suggests hiring is slowing. The Labor Department said Thursday that weekly applications dipped last week by 2,000 to a seasonally adjusted 386,000. But that was only after the department revised ...

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Job market pushes up retail sales in March

WASHINGTON — Americans bought more electronics, started more home improvement projects and updated their wardrobes last month, inspired by warmer weather and a healthier job market. Retail sales rose 0.8 percent in March, the Commerce Department said Monday. The gain ...

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Hiring slows amid uncertainty about economy

WASHINGTON — The U.S. job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy’s growth prospects. The unemployment rate dipped, but mostly because more Americans stopped looking for work. The Labor Department said ...

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Rate on 30-year mortgage falls to 3.98 percent

WASHINGTON — The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ...

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Unemployment rates fall in 29 states

WASHINGTON — Unemployment rates fell last month in most U.S. states, including in some hit hardest during the recession. The Labor Department said Friday that unemployment rates declined in 29 states and rose in 8. Rates were unchanged in 13 ...

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Jobless claims fall to lowest level in 4 years

WASHINGTON — The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening. Applications for weekly unemployment benefits fell by 5,000 to a seasonally ...

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