Author – The Durango Herald

Apartments drive home construction up

WASHINGTON – U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged. Housing starts jumped 11.3 percent las...

DATE: Jan 19, 2017 | CATEGORY: Business

U.S. job market has changed under Obama

WASHINGTON – When President Barack Obama took office in January 2009 in the midst of the Great Recession, the economy was hemorrhaging jobs. Employers were panicking in the face of plummetin...

DATE: Jan 17, 2017 | CATEGORY: Business

More pay, greater confidence lift U.S. retail sales

WASHINGTON – Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay. Retail sales ...

DATE: Jan 13, 2017 | CATEGORY: Business

Unemployment rate ticks up to 4.7 percent

WASHINGTON – U.S. employers added 156,000 jobs in December, capping a year of slower but solid hiring and providing the last major snapshot of the economy President-elect Donald Trump will i...

DATE: Jan 6, 2017 | CATEGORY: Business

U.S. home prices surpass pre-recession peak

WASHINGTON – U.S. home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to a private measure. The Standard & Poor’s CoreL...

DATE: Dec 4, 2016 | CATEGORY: Business

US home construction jumps by largest amount in 34 years

WASHINGTON – Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5 percent ...

DATE: Nov 17, 2016 | CATEGORY: Business

U.S. workers gain jobs and raises in final pre-election report

WASHINGTON – Workers enjoyed their best pay raises in seven years last month as employers added 161,000 jobs, the government said in the last major snapshot of a slow but durable economy bef...

DATE: Nov 4, 2016 | CATEGORY: Nation & World

Unemployment rates up in three swing states last month

WASHINGTON – Unemployment rates rose in three of eight U. S. swing states last month, fell in two and were unchanged in the remaining three. The Labor Department said Friday emplo...

DATE: Oct 21, 2016 | CATEGORY: Nation & World

U.S. factory production rebounded in September

WASHINGTON â€” U.S. manufacturers boosted output modestly last month, led by greater production of construction supplies, autos and petroleum products. The Federal Reserve said Mo...

DATE: Oct 17, 2016 | CATEGORY: Nation & World

U.S. job openings fall to lowest level in 8 months

WASHINGTON — U.S. employers posted the fewest jobs in eight months in August, a sign job gains will likely remain modest in the coming months. The Labor Department said Wednesday ...

DATE: Oct 12, 2016 | CATEGORY: Nation & World

U.S. job openings jump to record high in mixed signal to Fed

WASHINGTON – American employers advertised a record number of open jobs in July, a sign hiring may stay healthy despite a slowdown last month. Job openings jumped 4 percent to 5....

DATE: Sep 7, 2016 | CATEGORY: Nation & World

U.S. hiring slows to 151K jobs in August; Fed hike less likely

WASHINGTON – U.S. employers slowed their hiring in August to a modest 151,000 jobs and barely raised wages. The pullback in job growth reduces the likelihood that the Federal Reserve will ra...

DATE: Sep 2, 2016 | CATEGORY: Nation & World