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Patrice Hill

Patrice Hill

Patrice Hill has been chief economics correspondent at The Washington Times since 1994. She previously was a Washington correspondent for the Daily Bond Buyer and worked for Securities Week and Inside E.P.A. She started her career writing a consumer action column carried by the Riverside Press-Enterprise, Baltimore Sun, Chicago Tribune and other newspapers.

Her feature stories showing how the average guy is affected by significant economic trends have earned more than a dozen awards from the Maryland-D.C. Press Association, the Chesapeake-AP Press Association, the Virginia Press Association and the Society for Professional Journalists. She is a graduate of Oberlin College.

She can be reached at

Articles by Patrice Hill

Russian President, Vladimir Putin pumping gas.

New Cold War clashes lead to plunging global gasoline prices

Consumers are enjoying a break from high gas prices, which have fallen below $3 a gallon in many areas, but the drop has precipitated a cold war among oil producers that has all the intrigue, suspense and looming destruction of a Tom Clancy novel. Published October 22, 2014

Tecruiter Christina O, with New Western Acquisitions, left, take Raheem Shaw's resume during a job fair. Ms. Shaw is seeking a second job. The number of people seeking unemployment benefits, a proxy for layoffs, has fallen 10 percent since the first week of January. (AP Photo/Matt Rourke) (Associated Press)

U.S. economy again drives global growth as top rivals falter

After a long, slow convalescence from the Great Recession, the U.S. economy has emerged this year as a major force for global growth for the first time in a decade, even as some of its top rivals struggle. Published October 19, 2014

A Wall Street address is carved in the side of a building, Wednesday, Oct. 8, 2014 in New York. European stocks wallowed Wednesday Oct. 15, 2014 on dour growth prospects while Asian shares were mostly higher as a slump in energy prices promised benefits for the region's major economies.  (AP Photo/Mark Lennihan)

Wild ride on Wall Street leads to another big loss

Global stocks nose-dived Wednesday on fears that the world economy is losing steam, with some analysts blamed the worst string of losses on Wall Street in years in part on spreading panic about the economic impact of the Ebola crisis. Published October 15, 2014

China's finance minister Zhu Guangyao said Congress should move quickly to approve reforms giving China and other emerging economies greater input in the International Monetary Fund to show the U.S. is intent on preserving its leading role in governing the world's economy. (Associated Press)

China presses Congress for action on stalled IMF reforms

Congress should move quickly to approve reforms giving China and other emerging economies a greater say in the International Monetary Fund to show that the U.S. is intent on preserving its leading role in governing the world's economy, Chinese Vice Finance Minister H. E. Guangyao Zhu said Wednesday. Published October 8, 2014

U.S. jobless rate falls to 6-year low of 5.9 percent

The nation's unemployment rate dropped to 5.9 percent last month, the lowest since mid-2008, as job growth continued its best string of monthly gains since the 1990s, the Labor Department reported Friday. Published October 3, 2014

Rosneft opened a field of super-light oil in the Kara Sea, where the deposits reportedly exceed 750 million barrels. Its partnership with Exxon Mobil Corp., however, is put on hold because of U.S. sanctions against Russia over its military aggression in Ukraine. (Rosneft Press Service via Associated Press)

U.S. sanctions against Russia stymie Western oil companies' Arctic aspirations

The latest U.S. sanctions against Russia over Ukraine are starting to crimp not only the Russian economy but also major Western oil companies such as Exxon Mobil Corp., companies that have invested heavily in helping Russia tap into huge stores of oil buried offshore in remote Arctic waters and under the vast wilderness in eastern Siberia. Published September 30, 2014

Federal Reserve Chair Janet Yellen arrives for a Board of Governors meeting at the Federal Reserve in Washington, Wednesday, Sept. 3, 2014. The meeting is to discuss a final rulemaking to implement a quantitative liquidity requirement in the United States as well as a proposed rule on margin requirements for non-cleared swaps of prudentially regulated swap entities. (AP Photo/Susan Walsh)

Fed cuts back bond-buying again as economy strengthens

The Federal Reserve moved another step toward more normal policies on interest rates Wednesday, noting a gradual improvement in the outlook for the economy and cutting back again on its bond-buying program to stimulate the economy. Published September 17, 2014

U.S. incomes flat for second year in a row — Census

The median income of families in the United States edged up slightly to $51,939 last year from $51,759 in 2012, showing no significant growth for the second year in a row, the Census Bureau reported Tuesday. Published September 16, 2014

Analysts say the latest round of sanctions announced tightens the noose around Russia's energy sector, making it particularly hard to invest in long-term projects to tap into new sources of oil and gas. Such sanctions might tempt Moscow to halt the flow of gas and oil, particularly the large share of gas exported through the Gazprom pipeline that crosses through Ukraine. (Associated Press)

Russia sanctions risk lasting damage to Europe's shaky economy

The tit-for-tat sanctions between Russia and the West that heated up last week are only adding to fears that Europe's economy will fall back into recession or experience "lost decades" comparable to the downturn in Japan that left the Asian giant's economy drifting, deflated and diminished in global influence. Published September 15, 2014

FILE - In this June 6, 2014 file picture persons walk with shopping bags in Hamburg, Germany.  A closely-watched survey shows economic expectations among German consumers have "completely collapsed" over concerns about the conflicts in Iraq, Israel and Ukraine. The GfK institute said Wednesday Aug. 27, 2014  its latest index of economic expectations slid 35.5 points in August to 10.4 — the largest one-month decline since the survey began in 1980. Its headline forward-looking consumer climate indicator also fell to 8.6 for September from 8.9 in August. (AP Photo/dpa, Bodo Marks,file)

Wealthiest Americans power consumer revival as well

The richest one-fifth of Americans not only have enjoyed most of the income gains since the recession, they accounted for nearly half of the increase in consumer spending, the Labor Department reported Tuesday. Published September 9, 2014

Breitling Energy CEO Chris Faulkner downplays the dangers of fracking brought forth by environmentalists. (Lloyd Villas/The Washington Times)

U.S. oil surplus eases prices in global crises

NEWSMAKER INTERVIEW: Increased U.S. production is helping to create an oil surplus on world markets, driving down prices despite a myriad of threats to oil supplies, and doing more to crush Russia's economy than the sanctions imposed by the U.S. and European Union, said Chris Faulkner, chief executive of Breitling Energy. Published September 8, 2014

In this photo taken Tuesday, Aug. 19, 2014, Freddy Jerez, of Hollywood, Fla., fills out a job application during a job fair in Sunrise. Fla.  The government issues the August jobs report on Friday, Sept. 5, 2014. (AP Photo/Alan Diaz)

Employers add 142K jobs, fewest in 8 months

The nation's unemployment rate ticked down to 6.1 percent in August as hiring slowed at a variety of businesses, which added only 142,000 new jobs during the month, the Labor Department reported Friday morning. Published September 5, 2014

FILE - In this July 31, 2012, file photo, an employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tenn. Friday, Feb. 28, 2014, marks the end of the two-week period within which U.S. Sen. Bob Corker promised Volkswagen would announce another line at its factory in Tennessee if workers there rejected representation by the United Auto Workers union. So far there's little sign of any pending announcement.  (AP Photo/Erik Schelzig, File)

German-style apprenticeships could supply US economy with bevy of skilled workers

If adopted widely by U.S. manufacturers and other businesses, apprenticeships have the potential to help solve a critical U.S. problem with high unemployment among youth and workers who got laid off during the recession, backers say. Despite five years of recovery from the Great Recession, many of these hard-to-employ people still can't find jobs. Published August 31, 2014