Author Archives: CHRISTOPHER S. RUGABER

{FD} US long-term mortgage rates rise for 2nd week, to 3.91 pct

Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago. Continue reading

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{FD} Jobless rates fall below 4 pct. in nearly half US states

Hiring rose last month in 14 U.S. states, and the unemployment rate fell to record lows in two states. Continue reading

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{FD} Fed: US growth solid, yet not fast enough to accelerate pay

The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren’t enough to accelerate wage or price growth. Continue reading

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{FD} Hiring surged last month in a sign of US economic vitality

Eight years after the Great Recession ended, the economy is steadily churning out jobs, and the unemployment rate is at a 16-year low. Continue reading

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{FD} US services firms expand at faster pace in June

U.S. service companies expanded at a faster pace last month, pushed up by slightly better sales and a pickup in new orders. Continue reading

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{FD} Survey: US companies add a modest 158,000 jobs in June

U.S. businesses added a modest 158,000 jobs in June, a survey found, a sign that hiring has decelerated but remains healthy enough to lower the unemployment rate over time. Continue reading

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{FD} US durable goods orders fell in May by the most in 18 months

Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing. Continue reading

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{FD} Applications for US jobless aid tick up to still-low 241,000

Slightly more people sought US unemployment benefits last week, but the number of applications remained at a historically low level that suggests the job market is healthy. Continue reading

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{FD} Hiring up in 9 US states, jobless rates at record low in 4

Employers added a significant number of jobs in nine states last month, and unemployment rates in four states fell to record lows. Continue reading

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{FD} US services firms expanded at solid but slower pace in May

U.S. services companies expanded at a slightly slower pace in May compared with the previous month, a sign that modest economic growth is likely to continue. Continue reading

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{FD} US households owe record amount, topping pre-recession peak

U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008. Continue reading

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{FD} New York manufacturing shrank in May as new orders fall

Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more slowly. Continue reading

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{FD} US retail sales rebounded in April after sluggish winter

Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. Continue reading

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{FD} US home prices rose at the fastest pace in nearly 3 years

U.S. home prices rose steadily upward in February as more homebuyers chased fewer available properties, a trend that many analysts say may not be sustainable. Continue reading

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