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After an early wobble, US stocks close higher

U.S. stocks rebounded from an early slide Thursday, nudging the Standard & Poor’s 500 index and Nasdaq composite to their highest close of the year. Health care companies led the comeback. Energy stocks declined the most following a meeting of OPEC ministers that ended without an agreement on crude production cuts. A late-afternoon reversal delivered the second gain in two ...

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US producer prices rise in April for first time in 3 months

producers, gas, manufacturers

WASHINGTON (AP) — Prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines. The Labor Department said Friday that the producer price index, which measures price changes before they reach the consumer, increased 0.2 percent in April. That followed small declines in February and March. ...

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Applications for US jobless aid rise from 4-decade low

In this Wednesday, March 30, 2016, photo, job recruiters work their booths at a job fair in Pittsburgh. On Thursday, April 28, 2016, the Labor Department reports on the number of people who applied for unemployment benefits in the previous week. (AP Photo/Keith Srakocic)

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits climbed last week, but remained near the lowest level in four decades, a sign that the slumping economy isn’t boosting layoffs. THE NUMBERS: The Labor Department says weekly applications for unemployment aid rose 9,000 to a seasonally adjusted 257,000. Applications fell in the previous week to the lowest since ...

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US applications for jobless aid dropped last week

US applications for jobless aid dropped last week

WASHINGTON — Fewer people sought U.S. unemployment benefits last week, suggesting that the job market remains healthy and insulated from the turmoil abroad in Europe and China. The numbers: Applications for jobless aid fell 10,000 to a seasonally adjusted 277,000, the Labor Department said Thursday. The less volatile 4-week average dipped 1,250 to 275,750. Over the past 12 months, the ...

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Stocks rise a day after plunge, oil prices slide

US stocks rise a day after sharp plunge, lifted by job gains

NEW YORK — Stocks are inching upward Friday morning as investors were encouraged by continuing job growth in the U.S. The market is coming off its worst day in more than three months. KEEPING SCORE: The Dow Jones industrial average gained 38 points, or 0.2 percent, to 16,551 as of 10:15 a.m. Eastern time. The Dow lost 392 points the ...

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U.S. import prices extend decline on cheaper oil

WASHINGTON – – U.S. import prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while. The Labor Department said on Thursday import prices dropped 0.4 percent last month after a revised 0.3 percent decrease in October. Import prices ...

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US economy adds healthy 211K jobs; unemployment at 5 pct.

economy, jobs

WASHINGTON — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor Department said Friday that employers added 211,000 jobs, led by big gains in construction and retail. And the government revised up its estimated job growth for September and ...

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Petroleum, strong dollar depress U.S. import prices

WASHINGTON – U.S. import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert downward pressure on imported inflation. The Labor Department said on Tuesday import prices dropped 0.5 percent last month after a revised 0.6 percent decline in ...

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