- 6-year-old boy suspended for sexual harassment over kiss
- Voters deciding Mass. congressional contest
- Holiday cheer: Airline grants Christmas wishes for 250 unsuspecting passengers
- U.S. vet held in North Korea says statement was coerced
- NTSB hearing on San Francisco airliner crash postponed
- Toronto Mayor Rob Ford insists he has dried out, vows sobriety test
- Greenpeace video warns that climate change is wrecking Santa’s home
- Herman Cain profiled in ‘Political Power’ comic book
- Hagel renews Qatar defense pact despite differences over Iran, Syria
- Fire departments fear Obamacare will gut volunteer ranks
Latest Mesirow Financial Items
The economy continued to grow steadily last month despite Washington's impasse over the fiscal cliff, with unemployment staying at a four-year low of 7.8 percent as businesses created another 155,000 jobs, the Labor Department reported Friday morning.
The nation added 200,000 jobs in December in a burst of hiring that drove the unemployment rate to its lowest in almost three years.
A spike in the cost of gasoline pushed wholesale prices higher last month, a trend that could limit consumer spending in the coming months.
If Congress lets unemployment benefits expire this week, the jobless won't be the only ones to feel the pain: The overall economy would suffer, too.