- Sen. Rand Paul: ‘I am seriously thinking about’ running for president in 2016
- Sleet, ice, deepfreeze hit large swath of U.S.
- ‘Welcome to the edge of freedom’: Biden’s boots touch down in DMZ
- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
Aid applications drop to 7-month low
The number of people applying for unemployment benefits fell last week to the lowest level since early April, a sign that layoffs are easing and hiring may pick up.
Weekly applications dropped by 5,000 to a seasonally adjusted 388,000, the Labor Department said Thursday. It was the fourth decline in five weeks.
The four-week average, a less volatile measure, dropped to 396,750. That’s the first time the average been below 400,000 in seven months.
Applications need to consistently drop below 375,000 to signal sustained job gains. They haven’t been that low since February.
Production start marked at new plant
BLUE SPRINGS, MISS. | Toyota celebrated the start of Corolla production at its newest U.S. auto plant Thursday after a lengthy delay that the carmaker blamed on the weak economy.
The ceremony formally marked the recent start of production, almost five years after Toyota Motor Corp. announced in February 2007 that it would build a sprawling facility in Blue Springs, a tiny town in the sparsely populated hills of north Mississippi.
Toyota Motor Corp. President Akio Toyoda, on hand for the ceremony, blamed the setback on the economy but said the time was now right for production.
It is the 14th plant in North America for the Japanese company.
Utility CEO out amid post-storm criticism
HARTFORD | The president and chief operating officer of Connecticut Light & Power has resigned as the company continues to come under fire for its handling of power outages after last month’s snowstorm.
- Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
- Spike in battlefield deaths linked to restrictive rules of engagement
- Bill OReilly reminds: Nelson Mandela was a communist
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
- Activists urge Obama to go rogue, sidestep Congress
- Obama tries to calm Israeli fears over Iranian nuke deal 'not based on trust'
- 'Hunger Games' delivers Obama's message on income inequality
- Obamas call to close Vatican embassy is 'slap in the face' to Roman Catholics
- Craigslist killers: Police say newlyweds stabbed man for thrills
- Dick Cheney: Family feud over gay marriage has been 'dealt with'
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