Business
Jobless Benefit Claims Jump By 28,000
WASHINGTON (UPI) — The U.S. Labor Department said first-time jobless benefits claims rose by 28,000 to 385,000 in the week that ended last Saturday. Initial claims for unemployment benefits rose by 16,000 to 357,000 in the previous week and that figure was left unrevised. That put the two-week gain at 44,000. The four-week rolling average […]
U.S. Mortgage Rates Slip In Week
WASHINGTON (UPI) — U.S. mortgage rates slipped in the week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year, fixed-rate mortgages slid from 3.57 percent with an average 0.8 point to 3.54 percent, Freddie Mac said. Rates for 15-year contracts dropped from 2.76 percent to 2.74 percent with an average 0.7 point. One […]
SEC: FB, Twitter As Good As A News Release
WASHINGTON (UPI) — Companies may use Facebook and other social media websites to share news, provided they first tell investors which sites they’ll use, a U.S. regulator said. “We do not wish to inhibit the content, form, or forum of any such disclosure,” the Securities and Exchange Commission said. “In fact, we encourage companies to […]
Employee Behavior Tracked Via Databases
WASHINGTON (UPI) — U.S. retailers are using databases that may have inaccurate information to track workers accused of theft on the job, a review indicated. While the information in databases usually has limited details about suspected thefts and doesn’t involve criminal charges, it can be enough to turf a job candidate’s chances of employment, The […]
ADP: 158,000 New Private-Sector Jobs In March
ROSELAND, N.J. (UPI) — Private-sector employment in the United States rose by 158,000 jobs from February to March, payroll processor ADP said Wednesday. Goods-producing employment rose by 7,000 jobs in March, the slowest in six months, ADP said. The construction sector added no net jobs while manufacturing added 6,000 jobs. Service-providing jobs increased by 151,000, […]
GAO: Departing Workers Misled On 401(k)s
WASHINGTON (UPI) — Money management firms often provide misleading information to employees on how to handle their retirement savings when they switch jobs, a federal report said. The Government Accountability Office’s report released Wednesday said workers often are urged to roll their retirement savings into an individual retirement account when they leave a job, even […]
Census Bureau: Child-Care Costs Rise
WASHINGTON (UPI) — Child-care costs nearly doubled in the last 25 years, but the percentage of families who pay for child care dropped, a U.S. Census Bureau report said Wednesday. The amount of family income spent on child care has hovered around 7 percent between 1986, when data were first collected, and 2011, for families […]
Eurozone Unemployment Hits 12 Percent
BRUSSELS (UPI) — Unemployment in the 17-member eurozone jumped to 12 percent in February, the region’s statistical office said Tuesday. The unemployment rate moved up from 11.8 percent reported in January. The unemployment rate in the overall European Union, which has 27 members, also increased, going from 10.7 percent to 10.9 percent. By comparison, the […]
Factory Orders Rose 3 Percent In February
WASHINGTON (UPI) — Factory orders for U.S. manufactured goods rose 3 percent in February to the highest level since 1992, the Commerce Department said Tuesday. With orders up by $14.5 billion to $492 billion, the department’s U.S. Census Bureau News said fresh business for factories was at the highest level since it adopted new accounting […]
Easter Week Sales Hop
WASHINGTON (UPI) — U.S. retail receipts jumped 4.7 percent in the week ending Saturday, a trade group in Washington said. The International Council of Shopping Centers-Goldman Sachs weekly sales report said sales rose week to week with a boost from Easter’s early arrival. In 2012, Easter fell on April 8, while this year it came […]
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