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U.S. jobless claims rise to 386K on seasonal factors
WASHINGTON — The number of Americans seeking unemployment benefits rose by 34,000 last week, a figure that may have been skewed higher by seasonal factors. Applications for benefits increased to a seasonally adjusted 386,000, the Labor Department said Thursday. The gain followed a drop of 24,000 the previous week and was the biggest jump since […]
Incomes up strong 0.5 pct., consumer spending flat
WASHINGTON — Americans’ income rose in December by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumers didn’t spend any more than they had in November. Americans ended up saving all their additional income. Economists noted that income rose last month largely because of […]
More people applied for unemployment benefits
WASHINGTON — The number of people seeking unemployment benefits ticked up slightly last week, evidence that the job market isn’t improving. Weekly applications for unemployment benefits rose 2,000 to a seasonally adjusted 414,000, the Labor Department said Thursday. The report suggests companies aren’t significantly increasing layoffs, despite weak economic growth. But it also signal[...]
Home building jumps in June after dismal spring
WASHINGTON — U.S. builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May. Still, that’s roughly half the […]
Fewer people sought unemployment aid last week
WASHINGTON — Fewer Americans applied for unemployment benefits last week, partly reversing a sharp jump in applications the previous week. The Labor Department said Thursday that the number of people applying for unemployment benefits dropped 13,000 to a seasonally adjusted 403,000 in the week ending April 16. The decline comes after applications rose 31,000 a […]
Fewer Americans apply for unemployment benefits
WASHINGTON — Fewer Americans applied for unemployment benefits last week, providing support for the view that there will be stronger job growth this year. Applications fell to a seasonally adjusted 385,000 last week, marking the third decline in the past four weeks, the Labor Department reported Thursday. The four-week average for claims dropped to 386,250. […]
