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Staffing employment showed little change from June to July, according to the latest data released Friday by the U.S. Bureau of Labor Statistics. For the month, jobs filled by staffing firms, usually temporary placements, declined by only 5,600 jobs, or 0.3 percent. Despite the recent slowdown in job growth, over the past 10 months, staffing… Continue Reading Staffing down for month, but outlook brightening

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Wall Street closely watching Fed’s next move

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Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. Early Tuesday, stock futures retreated, following overseas markets lower after China’s economy showed some signs of slowing down. The market is certain to react to the Fed’s statement later in the… Continue Reading Wall Street closely watching Fed’s next move

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Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May’s… Continue Reading New home sales up 24%, but buying pace still lags

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Stocks rose for a while last week but small-business confidence hasn’t caught up, not by a long shot. Business owners remain pessimistic and it didn’t help that the Federal Reserve trimmed its latest projections for gross domestic product. GDP, it said, would rise in a range of 3 percent to 3.5 percent this year. That’s… Continue Reading Small-business owners pessimistic on economy

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The government lowered its estimate of how much the economy grew in the first quarter of the year, noting that consumers spent less than it previously thought. Gross domestic product rose by 2.7 percent in the January-to-March period, the Commerce Department said Friday. That was less than the 3 percent estimate for the quarter that… Continue Reading Government lowers growth estimate for 1st quarter

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Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work. The Labor Department’s new employment snapshot released Friday suggested that outside of… Continue Reading Economy adds 431K jobs but few in private sector

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President Barack Obama says getting Americans back to work is his top priority, a message the White House has tried to underscore with weekly economy-focused stops outside Washington. His latest trip is Wednesday, when he is making a quick visit to Pittsburgh to deliver an update on the nation’s economy in a week otherwise dominated… Continue Reading Obama to deliver status-check speech on economy

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Mountain states slower to shake off recession

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Economic recovery is challenging the Mountain West’s reputation for accelerating out of recessions faster than the rest of the country, according to the most recent “Mountain Monitor” from the Brookings Institute. Employment statistics from the largest metro areas in Colorado, New Mexico, Arizona, Nevada, Utah and Idaho are down 7.4 percent from their peak before… Continue Reading Mountain states slower to shake off recession

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It wasn’t long ago when it seemed that the answer to every business challenge was to “get out and sell more.” Now, business owners are scrutinizing their operations for ways to squeeze out every last drop of profitability. This is a healthy exercise for any economy to undergo, and the surviving businesses tend to emerge… Continue Reading Economy reminds us of ways to increase profitability

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Retail sales dropped during December

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Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week… Continue Reading Retail sales dropped during December

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