Although the nation’s unemployment rate has been around a seven-year low of about 5.4 percent, job growth among the states has been uneven, with several showing only meager gains more than five years removed from the depths of the Great Recession.
Honolulu (AFP) – U.S. Secretary of State John Kerry urged China and other Asian countries to bolster democracy and human rights in a region at the top of America’s agenda. “The United States is an Asian-Pacific nation, and we take our enduring interests there very seriously,” Kerry said at the East-West Center in Honolulu, on […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — The U.S. economy rebounded strongly in the second quarter after a winter contraction, expanding at a 4 percent annual rate, the Commerce Department said Wednesday. Analysts had projected the nation’s total economic output, or gross domestic product, to expand at a 3.1 percent in the second quarter. […]
Washington (AFP) – The International Monetary Fund on Wednesday lowered its U.S. economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction. The IMF projected that the world’s largest economy would grow a “disappointing” 1.7 percent this year, after a 1.9 percent expansion in 2013. The forecast marked […]
Washington (AFP) – The U.S. economy shrank much more than previously estimated in the first quarter, in the sharpest contraction in five years, the Commerce Department said Wednesday. Gross domestic product fell at a 2.9 percent annual pace in the first three months of the year, much worse than the previous estimate of 1.0 percent. […]
Washington (AFP) – The U.S. economy contracted at an annual rate of 1 percent in the first three months of 2014, a significantly weaker performance than initially estimated, official data showed Thursday. It was the first time the world’s largest economy shrank since the 2011 first quarter. The contraction was twice as strong as analysts’ […]
Washington (AFP) – The U.S. economy grew at an annual rate of 2.6 percent in the fourth quarter of last year, expanding more strongly than previously thought as consumers spent more. The Commerce Department on Thursday revised higher its prior 2.4 percent estimate of gross domestic product growth for the period, matching analyst expectations. “The […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — The economy added 175,000 net new jobs last month, a surprisingly robust figure given the bad winter weather, the Labor Department said Friday. Despite the increase — the largest in three months — the unemployment rate ticked up 0.1 percentage points to 6.7 percent after hitting a more […]