Christopher Rugaber

Government, Business

Federal Reserve Saw Declining Recession Risk in December

Federal Reserve Chairman Jerome Powell Federal Reserve Chairman Jerome Powell by Jacquelyn Martin/Associated Press

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

Christopher Rugaber | Associated Press
January 3, 2020
Government, Business

US Gains a Robust 266,000 Jobs

Job applicants in line Lynne Sladky/AP

WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

Christopher Rugaber | Associated Press
December 6, 2019
Government, Business

Survey: Businesses Added Just 67,000 Jobs in November

Now Hiring sign Tim Boyle/Getty Images

WASHINGTON — U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.

Christopher Rugaber | Associated Press
December 4, 2019
Government, Business

Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

Jerome Powell Jerome Powell by Andrew Harrer/Bloomberg News

WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

Christopher Rugaber | Associated Press
November 13, 2019
Government, Business

Survey: Business Hiring Falls to Seven-Year Low

Hiring managers wait for applicants Managers wait for job applicants at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. (Wilfredo Lee/AP)

WASHINGTON — A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found.

Christopher Rugaber | Associated Press
October 28, 2019
Government, Business

Consumer Spending Rises 0.1% in August

Woman shopping for clothes David Zalubowski/AP

WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.

Christopher Rugaber | Associated Press
September 27, 2019
Government, Business

Retail Sales Rise Moderately as Auto Buying Jumps

Mini Clubmans at dealership David Zalubowski/AP

WASHINGTON — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales. But there also were signs that consumers have become more cautious.

Christopher Rugaber | Associated Press
September 13, 2019
Government, Business, Fuel

Consumer Prices Rose 0.3% in July Amid Widespread Cost Increases

Shoppers at a Levi's store Shoppers check out T-shirts at a Levi's store in Times Square in New York. (Richard Drew/AP)

WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.

Christopher Rugaber | Associated Press
August 13, 2019
Government, Business

US Retail Sales Rise 0.4% in June in Sign of Consumer Health

Retail Sales Ryan McKnight/Flickr

U.S. retail sales rose at a solid pace in June, providing crucial support to the economy at a time when other drivers of growth have faded.

Christopher Rugaber | Associated Press
July 16, 2019
Government, Business

US Orders for Long-Lasting Goods Fall 2.1% in April

Cars on carrier Orders for cars and auto parts fell 3.4%, the biggest drop in nearly a year. (Cassens)

WASHINGTON — Orders to U.S. factories for large manufactured goods fell sharply in April, pulled down by lower demand for commercial aircraft and cars.

Christopher Rugaber | Associated Press
May 24, 2019

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