US economic reports hold out hope for stronger job growth in coming months

WASHINGTON — Fewer Americans are losing their jobs. Employers are struggling to squeeze more work from their staffs. The U.S. is producing so much oil that imports are plunging, narrowing the trade deficit.

A string of data Thursday raised hopes for stronger hiring and U.S. growth in coming months. More jobs would spur spending and help energize the economy, which has yet to regain full health nearly four years after the Great Recession officially ended.

And an interest rate cut Thursday by the European Central Bank, if it helps bolster the European economy, could also contribute to U.S. growth.

The U.S. economic reports came one day before the government will report how many jobs employers added in April. Economists think the gain will exceed the 88,000 jobs added in March, the fewest in nine months.

The government said Thursday that the number of Americans applying for unemployment aid fell last week to a seasonally adjusted 324,000 — the fewest since January 2008. Unemployment applications reflect the pace of layoffs: A steady drop means companies are shedding fewer workers. Eventually, they’ll need to hire to meet customer demand or to replace workers who quit.

More

Alaska multimillionaire wants Interior secretary post

Bob Gillam, a prominent Alaska businessman, wants to join President-elect Donald Trump’s cabinet as Secretary of the Interior.

Gillam is the... Read more

Wed, 11/09/2016 - 00:02

Coffee & Collections: Searching for Silver

Coffee & Collections: Searching for Silver JUNEAU - On Saturday, Nov. 12 from 10:30 a.m.-noon, join Donna Hurley, current president and 15-year member of the Mendenhall Flying Lions, who will discuss the history of the U.S.S. Read more
Wed, 11/09/2016 - 00:02

Celebrate Dr. Walter Soboleff Day with a note

Celebrate Dr. Walter Soboleff Day with a note JUNEAU - Is there someone in your life who could use a little inspiration or support? Consider writing a letter of thanks or encouragement in honor of Dr. Walter Soboleff this November. Read more

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING