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Wednesday, September 19, 2018
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Jeff Kearns

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UNITED STATES jobless claims decreased by 10,000 to 203,000 last week. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. jobless claims declined to fresh post-1969 low last week

NEW YORK - United States filings for unemployment benefits fell last week to the lowest in almost five decades, indicating a tight job market, Labor...
THE U.S. TRADE DEFICIT increased 9.5 percent to $50.1 billion in July. / BLOOMBERG NEWS

U.S. trade gap widens most since 2015; Record China deficit

NEW YORK - The United States trade deficit widened in July by the most in three years and the gap with China hit a record...
UNITED STATES purchases, which account for about 70 percent of the economy, rose 0.4 percent from the prior month for the second straight time, while incomes advanced 0.3 percent, less than projected. / BLOOMBERG NEWS

U.S. consumer spending, inflation rose in July; Incomes cooled

NEW YORK - United States consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep...
UNITED STATES gross domestic product grew at a 4.2% annualized rate, a slightly faster pace than previously estimated on revisions to imports and software spending. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. second-quarter growth revised up to 4.2% on software, trade

NEW YORK - The United States economy expanded in the second quarter at a slightly faster pace than previously estimated on revisions to imports and...
UNITED STATES jobless claims declined by 2,000 to 210,000 this week, the third straight week of decline. / BLOOMBERG NEWS

Jobless claims fall for third week in tight U.S. labor market

NEW YORK - United States filings for unemployment benefits fell for a third week and remain near the lowest in almost five decades, indicating...

Share of U.S. small businesses with job openings matches record

NEW YORK - Hiring qualified people in a tightening labor market is getting to be an even bigger headache for smaller United States companies,...

Does college pay? Almost always yes, San Francisco Fed says

WASHINGTON - School still pays. The cost of earning a college degree pays off with consistently higher lifetime earnings, according to the Federal Reserve...

Brown shortens ban on fraternity accused of rogue partying

WASHINGTON - Brown University reduced its penalty against a fraternity accused of plying women with liquor and date-rape drugs, saying a laboratory test was...
R.I. SEN. JACK REED, center, introduced a bill this week that would add the New York Fed chief to the list of central bank officials who must be nominated by the president and confirmed by the Senate. / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Fed reviews bank supervision as Senate committee begins hearings

WASHINGTON - On the eve of a Senate hearing today into whether the Federal Reserve has been “captured” by the institutions it is supposed...
FEDERAL RESERVE CHAIRWOMAN JANET YELLEN's comments echoed the message from minutes of the July Federal Open Market Committee meeting, which showed officials growing more aware that labor markets are returning to health. / BLOOMBERG NEWS FILE PHOTOS/ANDREW HARRER

Yellen: Labor market ‘yet to fully recover’

JACKSON HOLE – Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t...
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