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Unemployment rate falls to 7.7% as job growth weathers Hurricane Sandy
WASHINGTON -- The nation's unemployment rate fell to a four-year low of 7.7% in November as employers added an unexpectedly large but still moderate 146,000 jobs over the month, despite the disruptions caused by Hurricane Sandy. Although the severe...
Tags: Career and Workplace, Consumer Confidence, Labor Markets, Unemployment, Employment
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Inflation check: Energy prices fall most since 2009 on gas plunge
Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged. In its deepest dip since May, the Labor Department’s producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1%...
Tags: Economy, Business and Finance, Prices, Labor Markets, Upstream Oil and Gas Activities, Energy
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Consumer confidence falls sharply amid 'fiscal cliff' worries
WASHINGTON -- After displaying resilient confidence over the last few months, consumers are finally starting to show the pangs of the looming "fiscal cliff." A leading measure of consumer confidence fell sharply to a four-month low this month, suggesting...
Tags: Consumer Confidence, Labor Markets, Moody's Corporation, Consumers, Fiscal Cliff
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Global gadget spending projected to hit $1.1 trillion in 2013
Global spending on consumer electronic devices is projected to hit $1.1 trillion in 2013, according to the Consumer Electronics Assn. During a media briefing Sunday, Steve Koenig, senior director of market research for CEA, said that figure would...
Tags: Science and Technology, Emerging Market, Gaming, Electronics, Entertainment
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Jobless claims fall sharply for the week
WASHINGTON -- New jobless claims last week fell much more sharply than expected, a reassuring sign that the damaging effects from Hurricane Sandy to the labor market have largely passed. The Labor Department said Thursday that 370,000 people filed...
Tags: Career and Workplace, Labor Markets, Natural Disasters, Unemployment Benefits, Hurricanes
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Cheaper gas leads to first drop in consumer prices in six months
WASHINGTON -- Cheaper gasoline led to the first drop in consumer prices in six months in November, signaling that inflation remains in check as the Federal Reserve continues its stimulus attempts. The consumer price index fell 0.3% last month from...
Tags: Economy, Business and Finance, Inflation and Deflation, Prices, Consumer Confidence, Petroleum Industry
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Economists see mediocre growth in 2013
WASHINGTON -- Most forecasters are looking at 2013 as being another mediocre year for the economy, but many appear hopeful that growth will accelerate as the year progresses. Beyond that broad outline, the outlook for next year is muddled. The range of...
Tags: Economy, Business and Finance, Career and Workplace, Gross Domestic Product, Finance, Labor Markets
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Port strike numbers are out to sea
Big, round numbers always get people's attention. Numbers such as $1 billion, which has been bandied about as the economic loss per day nationally from the eight-day strike that shut down most of the ports of Los Angeles and Long Beach. That figure...
Tags: Services and Shopping, National Retail Federation, Career and Workplace, Panama, Collective Contract
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Retail sales up 4.5% in December; merchants say discounts hurt
Wary holiday shoppers forced retailers to heavily discount items during December, ultimately handing merchants decent sales but raising worries about consumer spending in the new year. Major chain stores posted a 4.5% sales increase in December compared...
Tags: TJX Companies Incorporated, Costco Wholesale Corporation, Target Brands, Inc., Holidays, Ross Stores Incorporated
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Initial jobless claims plunged last week to lowest level in 5 years
WASHINGTON -- Initial jobless claims fell sharply last week to 335,000, the lowest level in five years in a hopeful sign for the labor market as the new year begins. The number of people filing the first time for unemployment benefits dropped by 37,000...
Tags: Career and Workplace, Labor Markets, Unemployment Benefits, JPMorgan Chase & Co., Employment
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First-time jobless claims rose to 372,000 last week
WASHINGTON -- First-time jobless claims rose to 372,000 last week, a level consistent with a moderately growing labor market ahead of Friday's December unemployment report. The number of initial claims for unemployment benefits was up 10,000 in the week...
Tags: Labor Markets, Unemployment Benefits, Automatic Data Processing, Inc.
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Wholesale prices see biggest jump in three years in August
Wholesale prices jumped 1.7% in August from July -- their largest gain since June 2009 -- as the cost of food and energy boomed. The seasonally adjusted increase in the producer price index was driven mostly by a 6.4% surge in energy prices, according to...
Tags: Prices, Consumer Confidence, Energy, Petroleum Industry, Consumers
Dec 7, 2012
|Story| Los Angeles Times
Dec 13, 2012
|Story| Los Angeles Times
Dec 7, 2012
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Jan 6, 2013
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Dec 6, 2012
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Dec 14, 2012
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Dec 17, 2012
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Dec 5, 2012
|Column| Los Angeles Times
Jan 3, 2013
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Jan 17, 2013
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Jan 3, 2013
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Sep 13, 2012
|Story| Los Angeles Times
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