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Jobless Rate Highest In Rhode Island At 8.7 Percent, Lowest In North Dakota

WASHINGTON (UPI) — Unemployment rates fell in 21 States and payrolls climbed in 34 States in March, showing a strengthening of the labor market after a slow start to the year. Joblessness was significantly lower than the U.S. unemployment rate of 6.7 percent in 24 States, according to data released by the Bureau of Labor […]

U.S. Jobless Claims Rise Marginally; Near Lowest Level Since 2007

WASHINGTON (UPI) — The number of Americans filing for unemployment benefits is sticking close its seven-year low, signaling that employers aren’t laying off as many employees. Initial claims for unemployment benefits for the week ending April 12 was 304,000, rising 2,000 from the previous week’s number, according to data released by the Labor Department. The […]

Mozilla Appoints CMO Chris Beard As Interim CEO

MOUNTAIN VIEW, Calif. (UPI) — Mozilla appointed Chris Beard to the board of directors and as its new acting CEO, following the controversy surrounding the the ouster of Brendan Eich. Beard has been at Mozilla for years and has been involved in multiple roles, including overseeing products, innovation and most recently as the chief marketing […]

Consumer Prices Rise 0.2 Percent, Americans Paying More For Food And Rent

WASHINGTON (UPI) — Americans paid more for food and rent as the Consumer Price Index inched up by 0.2 percent for the month of March, as the Fed contemplates increasing rates. With this 0.2 percent increase in consumer prices, the year-over-year inflation rate is now 1.5 percent, still below the Federal Reserve’s threshold. The median […]

Yellen: Fed Considering Tougher Rules For Big Banks

STONE MOUNTAIN , Ga. (UPI) — Fed Chairwoman Janet Yellen indicated that the central bank was considering tougher rules for big banks, including stronger capital and liquidity standards. Federal Reserve officials approved stricter rules for the eight largest banks in the country, but Yellen said that additional measures may be required to prevent a freezing […]

Retail Sales Increase 1.1 Percent In March For Biggest Surge Since 2012

WASHINGTON (UPI) — Americans upped their spending in March, as retail sales for the month increased by 1.1 percent, helping the economy recover from a dull start to the year. Retail sales rose by 1.1 percent, higher than the 0.9 percent increase estimated by 78 economists polled by Bloomberg. The Commerce department said that the […]

Facebook To Make The News Feed Less ‘Spammy,’ Punish Pages That Ask For ‘Likes’

MENLO PARK, Calif. (UPI) — Facebook will target pages that coerce users for shares or likes, which users have complained are “spammy” posts they don’t want to see. The company said it was coming down on pages that share the same link or photo over and over again, links that are click-bait and posts that […]

Amazon To Pay Warehouse Employees $5,000 To Quit

SEATTLE (UPI) — Amazon CEO Jeff Bezos, in a letter to investors, spoke of a new initiative to offer employees up to $5,000 to quit, to ensure Amazon only retains people who really want to work there. The “Pay to Quit” program will be ensure the company retains employees committed to working at Amazon, even […]

General Motors Recall To Cost $1.3 Billion, Double The Earlier Estimate

DETROIT (UPI) — General Motors has said that its faulty ignition switch-related recall will cost $1.3 billion, double the original estimate of $750 million. The recall includes more than 6 million cars. The automaker has said the costs for recall-related repairs and for 15,000 rental cars they will provide customers in the interim was higher […]

Discount Chain Family Dollar To Close 370 Stores

MATTHEWS, N.C. (UPI) — Family Dollar Stores, facing increasing retail competition, have decided to close 370 stores and bring down prices on more than 1,000 products. The steps are aimed at improving financial performance after the company reported a drop in second-quarter earnings and also revised their outlook for the year. The closings will affect […]

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