| Dec 29, 2013
A day after signing off on a new agreement that delays raises for Department of Water and Power employees and cuts compensation for new hires, Mayor Eric Garcetti again took aim at the utility workers' pay and perks.
The mayor directed the DWP to...
| Dec 27, 2013
| 10:58 AM
Some 1.3 million Americans will lose unemployment benefits on Saturday as the federal program to assist the long-term unemployed expires. Here are six things to know about who is affected and why the benefits are going away.
Q: Who will lose benefits?...
| Dec 31, 2013
| 7:53 AM
WASHINGTON -- Americans ended the year much more optimistic about the economy, with consumer confidence rebounding strongly in December after tumbling the previous two months because of the partial government shutdown, the Conference Board said Tuesday....
| Dec 22, 2013
| 5:00 AM
You may have missed it, given the launch of the Christmas shopping season and all the foofaraw about the rollout of the Affordable Care Act, but earlier this month Barack Obama gave the most important speech of his presidency.
The topic was the rising...
| Dec 16, 2013
| 10:26 AM
U.S. worker productivity jumped in the third quarter, increasing by 3%, the largest increase in nearly four years, the Labor Department reported Monday.
The gain is revision from a previous preliminary reading of 1.9%.
Overall, the country's...
| Dec 9, 2013
| 7:36 AM
WASHINGTON — Business economists expect the recovery to accelerate at the end of the year and into 2014 as politicians are likely to avoid another government shutdown.
The economy still faces challenges, the National Assn. for Business...
| Dec 9, 2013
| 12:49 PM
Retailers slammed with preparations for the Thanksgiving and Black Friday shopping bonanza last month added 471,000 workers to payrolls -- a number that fell 4.7% short of the record 494,400 seasonal employees brought on board during November 2012.
| Dec 10, 2013
| 11:03 AM
The hands-down winner for most misleading trope of the day goes to the notion that U.S. households have now recovered all the wealth they lost during the recession and that their net worth is now at a record high. The raw statistics, from the Federal...
| Dec 11, 2013
In what has become an annual threat, federal unemployment benefits are set to run out shortly after Christmas, cutting off aid to 1.3 million laid-off workers who've been sidelined for more than six months. The improving economy has helped reduce the...
| Dec 11, 2013
| 8:12 AM
WASHINGTON -- Clear communication from Federal Reserve officials could reduce the risk to developing economies when the central bank starts reducing a key stimulus program, the head of the World Bank said.
Developing nations saw their borrowing costs...
| Dec 12, 2013
| 6:42 AM
WASHINGTON — First-time jobless claims surged last week to a two-month high after plunging to near a six-year low the previous week, highlighting the volatility of the data during the holiday season, the Labor Department said Thursday.