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Christopher S. Rugaber

U.S. factories grow at slowest pace in 2½ years; hiring falls

WASHINGTON – U.S. factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs. The Institute for Supply Management sa...

Strong sales lift U.S. home prices 5.1 percent in August

WASHINGTON – Solid sales pushed up U.S. home prices at a steady pace in August from a year earlier, a sign that the housing market is improving despite a slowdown in the overall economy. ...

U.S. hiring slowed in September as global economy weakened

WASHINGTON – U.S. employers cut back sharply on hiring in September and added fewer jobs in July and August than previously thought – a sour note for a labor market that had been steadily im...

U.S. home prices rise steadily in July, lifted by higher sales

WASHINGTON – U.S. home prices rose at a solid pace in July, as would-be buyers competed for a diminished supply of available housing. The Standard & Poor’s/Case-Shiller 20-city ho...

U.S. new-home sales surge 5.7 percent in August to 7-year high

WASHINGTON – Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years. New-home sales surged 5.7 per...

Tight supplies hamper existing-home sales

WASHINGTON – U.S. home sales slid in August by the most since January as tight supplies and rising prices discouraged potential buyers. The National Association of Realtors said ...

U.S. employers added 173K jobs in August; rate falls to 5.1 percent

WASHINGTON – The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to ra...

Unemployment stays low in U.S. states with nomination fights

WASHINGTON – Unemployment rates fell in 24 U.S. states last month, including some of those with early presidential nominating contests. Jobless rates rose in 14 states and were u...

U.S. hiring reaches six-month high in June; quits also rise

The Labor Department said Wednesday that total hiring rose 2.3 percent to 5.18 million in June, the most in six months and second-highest total since the recession ended in June 2009. ...

Strong home sales, limited supply lift U.S. home prices in May

WASHINGTON – U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year. The Standard & Poor’s/Case-Shiller 20-city home price index climbed 4.9...

Applications for U.S. unemployment aid plummet to 42-year low

WASHINGTON – Six years after a brutal recession that wiped out more than 8.5 million jobs, Americans are now enjoying a nearly unprecedented level of job security. The number of ...

U.S. unemployment falls to 7-year low, but wages are flat

WASHINGTON – U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture: A wave of peopl...