Economy & Policy

US Jobless Aid Applications Fall to 5-year Low

(WASHINGTON) — The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more hiring.

The Labor Department said Thursday that the less volatile four-week average dropped 6,250

Dow Has Its First Close Above 15,000 Points

(NEW YORK) — Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.

It was another milestone in the market’s epic ascent of 2013. Good economic reports, strong corporate earnings and fresh support from …

Survey: US Home Prices Up 10.5 Pct. in Past Year

WASHINGTON — A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.

Core Logic, a real estate data provider, said Tuesday that annual home prices have now increased for 13 straight months. Prices are rising in part because more buyers are bidding on a limited supply of …

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