- - Wednesday, November 28, 2012

Unemployment rates declined last month in more than half of the 372 largest U.S. cities, further evidence of steady improvement in the job market.

The Labor Department said Wednesday that rates fell in 201 metro areas. They rose in 116 and were unchanged in 55. And the number of cities with unemployment below 7 percent rose to 180 last month, up from 107 a year ago.

Nationwide, the unemployment rate ticked up to 7.9 percent from 7.8 percent in September. That was mostly because more Americans began searching for work but not all found jobs. Employers added 171,000 jobs in October and the previous two months were revised higher.


D.C.-based LivingSocial deal site mulls layoffs

In another sign of the troubles faced by once-hot Internet daily deal sites, Washington-based LivingSocial could be the latest to announce layoffs.

The company is planning layoffs for as many as 400 of its estimated 4,500 workers, according to a report Wednesday by the Washington Business Journal.

Earlier this month, Groupon, LivingSocial’s largest competitor, announced 80 layoffs.

LivingSocial did not comment on the report.


Survey: U.S. economy growing at steady pace

A pickup in consumer spending and steady home sales helped lift economic growth in October and early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.

Growth improved in nine of 12 Fed regional banking districts, the survey said. Growth was weaker in New York, Philadelphia and Boston — areas where Sandy caused widespread disruptions.


Russian worker sues FedEx, claims firing was over accent

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