Business
Business Productivity Rose In First Quarter
WASHINGTON (UPI) — Non-farm labor productivity rose at a 0.7 percent annual rate during the first quarter of 2013, the U.S. Bureau of Labor Statistics said Thursday. In a report considered preliminary — subject to changes later — the bureau said productivity, defined as output per hour, rose with output up a seasonally adjusted annual […]
Poll: Workers Appear More Anxious About Their Jobs
NEW YORK (UPI) — Concern among U.S. workers about income, benefits and job security is on the rise, research firm Harris Interactive said Thursday. “American workers are increasingly worried about their income and benefits security, as well as their employability,” the firm said, noting “these issues (were) showing a slight increase since last month — […]
Bankers, Regulator Face Off On Proposed Derivatives Rule
WASHINGTON (UPI) — The chairman of the Commodity Futures Trading Commission said regulators need jurisdiction over foreign bets made by U.S. banks to keep financial reform intact. U.S. banks are lobbying hard to soften, or avoid altogether, rules proposed by Commissioner Gary Gensler that would put foreign derivatives trading involving U.S. customers, or guaranteed by […]
Private Jobs In April Show Slowing Recovery
ROSELAND, N.J. (UPI) — Private-sector employment in the United States rose by 119,000 jobs from March to April, payroll processor ADP said Wednesday. Manufacturing added 10,000 jobs in the month, finance another 7,000. The construction sector added 15,000 new jobs, the firm said. Firms with under 50 employees gained the most jobs in the month […]
Mortgage Activity Rises With Rates Mostly Lower
WASHINGTON (UPI) — U.S. mortgage activity rose modestly last week as long-term interest rates were mostly lower, the Mortgage Bankers Association said Wednesday. The association said mortgage activity rose 1.8 percent in the week, while refinancing activity rose 3 percent from the previous week. Interest rates for 30-year, fixed-rate conforming mortgages decreased from 3.65 percent […]
Manufacturing Growth Slows To A Crawl
TEMPE, Ariz. (UPI) — U.S. manufacturing activity expanded in April but at a slower pace than March, a research firm reported Wednesday. “Business can be described as flat at best,” said one respondent to the monthly Institute of Supply Management survey. The numbers reflect that statement. With 50 as the dividing line between growth and […]
Construction Spending Declined In March
WASHINGTON (UPI) — Construction spending dropped 1.7 percent from February to March, the U.S. Census Bureau News reported Wednesday. Total construction spending in February was revised lower to $871.2 billion. In March, spending on private and public construction projects fell to $856.7 billion, said the bureau, which is part of the U.S. Commerce Department. Spending […]
Average Pay For Class Of 2013: $44,928
WASHINGTON (UPI) — The class of 2013 is starting their careers with a modest pay hike, an average starting wage 5.3 percent higher than 2012 U.S. graduates, a survey said. The average salary for graduates this year is $44,928, the National Association of Colleges and Employers said. The Wall Street Journal reported Monday engineers will […]
U.S. To Pay Down Debt — First Time Since 2007
WASHINGTON (UPI) — Washington plans to pay down part of the national debt for the first time since before the global economic crisis, the Treasury Department said. The government’s ability to pay back $35 billion from April through June, by retiring bonds, notes and bills, comes from increased tax revenues and greater spending cuts, which […]
U.S. Home Prices Show Sustained Growth
NEW YORK (UPI) — U.S. home prices in February posted their highest annual gains since May 2006 in two closely watched indexes, a private report said Tuesday. On an annual basis, the 20-city Standard & Poor’s/Case-Shiller composite index showed a gain of 9.3 percent in February. The comparable 10-city index showed an annual gain of […]
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