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A man with a Santa cap looks up at a marquee with high gas prices at a Shell gas station in San Francisco. Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation. AP Photo/Paul Sakuma, File WASHINGTON — Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation. The Labor Department said F...
WASHINGTON — The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches. The Labor Department says employers added 103,000 jobs in December, an improvement from November but far below most analysts' expectations. Private employers added a net total of 113,000 jobs last month. Government shed 10,000. More people were hired in previous months than the government first estimated. The g... Full story
A drop in new jobless claims came in short of expectations and factory orders rose only slightly, fresh evidence the economy is recovering at a slow, uneven pace. The Labor Department said this morning that first-time jobless claims dropped by 8,000 to a seasonally adjusted 470,000. Analysts had expected a steeper drop to 450,000, according to Thomson Reuters. The four week average, which smooths out volatility, rose for the second straight week to 456,250. The average had fallen for 19 straight weeks before starting to... Full story
