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san diego jobless rate fell to 41 percent in february - Search

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san diego jobless rate fell to 4.1 percent in february


san diego county’s unemployment rate fell last month as companies created slightly more jobs than they eliminated, while the workforce shrank as people stopped looking.the unadjusted regional unemployment rate declined in february to 4.2 percent from 4.5 percent in january and 4.8 percent a year earlier, said the california employment development department. after adjusting for seasonal variation, the rate was 4.1 percent.in keeping with post-recession trends, the local labor market generally was stronger than the state or nation yet moving in the same direction, with california’s adjusted unemployment rate falling to 5 percent last month from 5.2 percent in january and the u.s. rate to 4.7 percent from 4.8 percent.much of the hiring activity in san diego last month was seasonal, with reta






german labor market remains strong with 5.9 pct jobless rate


berlin — germany's labor market remained strong in february with the unemployment rate remaining at its lowest level since the reunification of the country in 1990.the federal labor agency said wednesday that the number of people out of work fell by a greater-than-expected 14,000 for the month, leaving the seasonally adjusted unemployment rate unchanged at 5.9 percent. economists had forecast a drop of 10,000 jobless.in unadjusted terms the rate remained unchanged at 6.3 percent; good news for the government in an election year.frank-juergen weise, the head of the labor office, said that "the labor market continues to develop positively."in all, 2.76 million people were registered as unemployed in february, 149,000 fewer than the same month a year ago.






us unemployment claims fall to 12-week low


washington — the number of americans seeking unemployment benefits dipped to a 12-week low at the start of february, a sign of a stable job market for u.s. workers.the numbers: claims for jobless aid fell 12,000 last week to a seasonally adjusted 234,000, the best reading since this past november, the labor department said thursday. the less-volatile four-week average decline 3,750 to 244,250, which was the lowest average since november 1973.fewer americans are seeking and collecting jobless benefits. the number of people receiving benefits has fallen 7 percent over the past 12 months to 2.08 million.the takeaway: jobless claims are a for layoffs. the low levels suggest that employers are confident enough in the economy to retain their workers and possibly looking to hire.key drivers: appl






us employers added a healthy 235k jobs last month, lowering the jobless rate to


share storythe associated presswashington (ap) — us employers added a healthy 235k jobs last month, lowering the jobless rate to 4.7 percent.the associated presscustom-curated news highlights, delivered weekday mornings.thanks for signing up!






applications for us jobless aid rise to still-low 258,000


washington — more people sought u.s. unemployment benefits last week, but applications are still at a low level that points to a healthy job market.the numbers: weekly unemployment benefit applications rose 15,000 last week to a seasonally adjusted 258,000, the labor department said thursday. the four-week average ticked up 1,000 to 240,000.the number of people receiving benefits fell 39,000 to 2 million, the department said. that’s down 8.6 percent from a year earlier.the takeaway: applications, which are a proxy for layoffs, have been below 300,000, a historically low level, for 80 weeks. the figure had topped 100 weeks but the labor department revised the data thursday.the figures suggest that relatively few americans are losing their jobs. in late february, applications fell to 210,000






applications for us jobless aid rise to still-low 258,000


washington — more people sought u.s. unemployment benefits last week, but applications are still at a low level that points to a healthy job market.the numbers: weekly unemployment benefit applications rose 15,000 last week to a seasonally adjusted 258,000, the labor department said thursday. the four-week average ticked up 1,000 to 240,000.the number of people receiving benefits fell 39,000 to 2 million, the department said. that's down 8.6 percent from a year earlier.the takeaway: applications, which are a proxy for layoffs, have been below 300,000, a historically low level, for 80 weeks. the figure had topped 100 weeks but the labor department revised the data thursday.the figures suggest that relatively few americans are losing their jobs. in late february, applications fell to 210,000






uk jobless rate falls to lowest level since 1975


london (ap) — britain’s unemployment rate has fallen to its lowest level since 1975 as the economy continues to show resilience despite the uncertainty accompanying britain’s upcoming departure from the european union.the office for national statistics said wednesday that the unemployment rate fell to 4.7 percent in the three months through january, from 4.8 percent in the quarter through december.earnings growth, however, slowed to 2.3 percent annually from 2.6 percent in december, reinforcing a squeeze on consumers from rising inflation.chris williamson, economist at ihs markit, says cooling wage growth adds “warning shots that the economy is slowing.”most read storiesunlimited digital access. $1 for 4 weeks.the ons says a record 4.8 million people are now self-employed, up by 148,000 ov






us claims for unemployment benefits slip by 2,000


washington — fewer americans applied for unemployment benefits last week, a further indication of the health of the labor market.the numbers: applications for jobless benefits slipped by 2,000 to 241,000 after claims had risen by 20,000 in the previous week, the labor department reported thursday. two weeks ago claims had fallen to a 44-year low of 223,000. the four-week average, which is less volatile, rose by 750 last week to 237,250.overall, 2.03 million americans are receiving unemployment benefits, 8.2 percent lower than a year ago.the takeaway: unemployment claims are a proxy for layoffs. they have now come in below 300,000 for 106 weeks, the longest such streak since 1970. the low level of claims suggests employers have enough confidence in the economy that they see no need to shed






us average 30-year mortgage rate falls to 4.10 percent


washington (ap) — long-term u.s. mortgage rates fell this week, breaking a holding pattern that prevailed for more than a month.mortgage buyer freddie mac says the rate on 30-year, fixed-rate loans declined to 4.10 percent from 4.16 percent last week. the benchmark rate stood at 3.64 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.the rate on 15-year mortgages slipped to 3.32 percent from 3.37 percent last week.






us jobless claims drop to lowest level since 1973


washington — just 223,000 americans applied for unemployment benefits last week, fewest in nearly 44 years.the numbers: the labor department says unemployment claims dropped by 19,000 from 242,000 the previous week to the lowest level since march 1973 when richard nixon was president. the four-week average, which is less volatile, fell by 6,250 to 234,250, lowest since april 1973.overall, 2.07 million americans are collecting unemployment benefits, down more than 7 percent from a year ago.the takeaway: unemployment claims are a proxy for layoffs. they have come in below 300,000 a week for two straight years, the longest such streak since 1970. the low level of claims suggests that employers are confident enough in the economy to be holding on to staff and perhaps know it would be difficult






us jobless claims drop to lowest level since 1973


washington — just 223,000 americans applied for unemployment benefits last week, fewest in nearly 44 years.the numbers: the labor department says unemployment claims dropped by 19,000 from 242,000 the previous week to the lowest level since march 1973 when richard nixon was president. the four-week average, which is less volatile, fell by 6,250 to 234,250, lowest since april 1973.overall, 2.07 million americans are collecting unemployment benefits, down more than 7 percent from a year ago.the takeaway: unemployment claims are a proxy for layoffs. they have come in below 300,000 a week for two straight years, the longest such streak since 1970. the low level of claims suggests that employers are confident enough in the economy to be holding on to staff. "businesses are finding it ever-harde






san jose and oakland area job markets tumble


san jose — the job markets in santa clara county and the east bay tumbled to losses of thousands of jobs for each area in february, raising questions about the economic rebound in the bay area, according to a state labor report released friday.santa clara county lost 5,700 jobs during february and the east bay shed 2,400 jobs. the san francisco-san mateo county region added a scant 900 jobs, seasonally adjusted numbers from the employment development department showed.over the first two months of 2017, santa clara county has lost 8,100 jobs. that was the worst two-month stretch of job losses since the great recession, when the south bay shed 19,900 jobs during june and july of 2009.so far in 2017, the east bay has lost 5,600 jobs — the worst such two-month stretch since july and august of






us unemployment claims slide by 14,000 to 246,000


washington — fewer americans applied for unemployment benefits last week, another sign that u.s. workers are enjoying job security.the numbers: the labor department said thursday that claims for jobless aid fell by 14,000 last week to a seasonally adjusted 246,000. the less-volatile four-week average rose by 2,250 to 248,000. overall, 2.06 million americans are receiving unemployment benefits, down more than 8 percent from a year ago.the takeaway: jobless claims are a for layoffs. the low levels suggest that employers are confident enough in the economy to be hanging on to their workers. weekly unemployment claims have now come in below 300,000 for 100 straight weeks, longest such streak since 1970.key drives: the u.s. labor market is solid. the unemployment rate is 4.7 percent, close to a






employers lift hiring in 13 states in january, cut jobs in 1


washington (ap) — employers boosted hiring in 13 u.s. states in january, while employment changed little in 36 states.the labor department says alaska is the only state to show a significant decline in jobs, shedding 2,100.nationwide, hiring picked up in january as employers added 238,000 jobs, a clear improvement over last year’s average gains. a broad rebound in the global economy and greater optimism among u.s. businesses have spurred more hiring. more positive jobs data came out last friday, when the government reported hiring and wage gains were healthy in february, and the u.s. unemployment rate slipped to 4.7 percent from 4.8 percent.new hampshire reported the largest jobs gain among the states on a percentage basis, with a 1 percent increase, followed by idaho and maine with 0.7 pe






asian shares gain as investors await us jobless data


seoul, south korea — shares were mostly higher in asia on friday as investors awaited the release later in the day of u.s. employment data. a weaker yen lifted tokyo's benchmark and south korea's kospi rose after the constitutional court decided to remove the country's president for the first time in history.keeping score: tokyo's nikkei 225 jumped 1.4 percent to 19,595.30 as the dollar surged against the yen, favoring manufacturers. south korea's kospi added 0.3 percent to 2,095.64. hong kong's hang seng index added 0.1 percent to 23,533.53 and the shanghai composite index was almost unchanged at 3,215.62. australia's s&p/asx 200 gained 0.6 percent to 5,775.60. stocks in taiwan and southeast asian benchmarks were mixed.impeached korean leader: the constitutional court in south korea unani






san diego home prices dip in february


the san diego county median home price dropped 1 percent in february to $492,000, corelogic said.typically one of the slowest months of the year, the february median price has increased on average just 1.4 percent from january since 2000.san diego’s median hit $507,500 in october but has been under half a million dollars since. it is still below the nominal 2005 peak of $517,500 (or $644,487 in 2016 dollars).there were 2,605 home sales in february, down 405 homes from its average since 2000.however, over the 12-month period the county’s median home price increased 8.1 percent, corelogic said.chris thornberg, economist and founding partner of beacon economics, said a sales drop in february was not a big enough indication that the more robust spring or summer buying season would not occur as






california adds 22,900 jobs in february; unemployment rate ticks down to 5%


employers in california increased their payrolls by a net 22,900 employees in february, according to data released friday by the state’s employment development department.the unemployment rate in the state ticked down to 5%, from 5.1% in january, though it remained higher than the national rate of 4.7%. despite eight consecutive months of job growth, and a strong 2016 overall, the state’s jobless rate has not dropped below 5% since 2006.last month’s jobs gain compares to a net increase of 43,000 jobs in february 2016. over the last 12 months, the state added 315,800 jobs, an increase of 1.9%. that compares to a 1.6% increase in the nation as a whole.economists have warned that california will add jobs at a slower rate this year as the job market creeps toward so-called full employment — a






california adds 22,900 jobs in february; unemployment rate ticks down to 5%


employers in california increased their payrolls by a net 22,900 employees in february, according to data released friday by the state’s employment development department.the unemployment rate in the state ticked down to 5%, from 5.2% in january, though it remained higher than the national rate of 4.7%. despite eight consecutive months of job growth, and a strong 2016 overall, the state’s jobless rate has not dropped below 5% since 2006.last month’s jobs gain compares to a net increase of 43,000 jobs in february 2016. over the last 12 months, the state added 315,800 jobs, an increase of 1.9%. that compares to a 1.6% increase in the nation as a whole.economists have warned that california will add jobs at a slower rate this year as the job market creeps toward so-called full employment — a






average u.s. 30-year mortgage rate rises to 4.30 percent


long-term u.s. mortgage rates rose this week for a second straight week, posting new highs for the year. the markets were anticipating an increase in a key interest rate by the federal reserve, which the fed announced wednesday.mortgage buyer freddie mac says the rate on 30-year, fixed-rate loans climbed to 4.30 percent from 4.21 percent last week. the benchmark rate stood at 3.73 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.the rate on 15-year mortgages increased to 3.50 percent from 3.42 percent last week.






average us 30-year mortgage rate rises to 4.30 percent


washington (ap) — long-term u.s. mortgage rates rose this week for a second straight week, posting new highs for the year. the markets were anticipating an increase in a key interest rate by the federal reserve, which the fed announced wednesday.mortgage buyer freddie mac says the rate on 30-year, fixed-rate loans climbed to 4.30 percent from 4.21 percent last week. the benchmark rate stood at 3.73 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.the rate on 15-year mortgages increased to 3.50 percent from 3.42 percent last week.






claims for u.s. jobless benefits tick up, level still healthy


more americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market.the numbers: the labor department said thursday that 244,000 americans applied for jobless aid last week, up by 6,000 from the previous week. the four-week average, a less volatile measure, fell by 4,000 to 241,000, lowest since july 1973.overall, 2.06 million people are collecting unemployment checks, down 7.7 percent from a year ago.the takeaway: unemployment claims are a proxy for layoffs. they have come in below 300,000 a week for 103 straight weeks, the longest such streak since 1970. the low levels of claims suggest that employers are confident enough in the economy to hang on to their workers and perhaps know it would be difficult to find replacements i






claims for us jobless benefits tick up, level still healthy


washington — more americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market.the numbers: the labor department said thursday that 244,000 americans applied for jobless aid last week, up by 6,000 from the previous week. the four-week average, a less volatile measure, fell by 4,000 to 241,000, lowest since july 1973.overall, 2.06 million people are collecting unemployment checks, down 7.7 percent from a year ago.the takeaway: unemployment claims are a proxy for layoffs. they have come in below 300,000 a week for 103 straight weeks, the longest such streak since 1970. the low levels of claims suggest that employers are confident enough in the economy to hang on to their workers and perhaps know it would be difficult to find r






lured by deals, car buyers go for suvs, pickups in february


detroit — lured by presidents day deals, u.s. buyers snapped up pickups and suvs in february, brightening what is usually a lackluster month for the auto industry.overall sales of new vehicles fell 1 percent from last february to 1.3 million, according to autodata corp. but automakers made up the difference with strong sales of more profitable suv and trucks. sales of the chevrolet silverado pickup jumped 17 percent to more than 50,500 trucks. ford sold nearly 69,000 suvs — a february record. nissan said sales of its rogue suv were up 54 percent.general motors and nissan both saw 4 percent sales gains over last february. volkswagen's sales were up 13 percent and honda's sales were up 2 percent.but those gains were offset by declines at other automakers. fiat chrysler's sales fell 10 percen






california jobless rate drops to 5.1%, as the state continues to outpace nationa


the california economy started 2017 on a strong note, with employers in january adding 9,700 jobs and the jobless rate dropping to 5.1%, according to data released by the employment development department.january was a banner month for the country — which gained a net 227,000 new jobs. but california continued its years-long trend of outpacing the national economy in job growth, piling on jobs at a year-over-year rate of 2%, faster than the national rate of 1.6%.the unemployment rate in the state has improved markedly since january 2016, when it was 5.7%. but california’s jobless rate of 5.1% still puts it above the national rate of 4.8%.the state’s education, health, and professional and business services sectors were the most energetic in the first month of the year, inflating their payr






wholesale prices up just 0.3 percent in february


washington (ap) — inflation at the wholesale level rose at just half the rate in february as the previous month, as a surge in energy prices slowed.the labor department says its producer price index, which measures inflation pressures before they reach consumers, increased 0.3 percent in february following a 0.6 percent rise in january. part of the slowdown reflected less of an increase in energy products, which rose 0.6 percent in february after jumping 4.7 percent in january.over the past 12 months, wholesale prices are up 2.2 percent, reflecting a steady rise in inflation as energy prices have increased. just six months ago, the year-over-year increase stood at zero.the federal reserve is meeting this week and is expected to boost a key interest rate, in part to reflect rising inflation






us average 30-year mortgage rate edges up to 4.16 percent


washington (ap) — long-term u.s. mortgage rates rose slightly this week, continuing a holding pattern that has prevailed this month.mortgage buyer freddie mac says the rate on 30-year, fixed-rate loans edged up to 4.16 percent from 4.15 percent last week. the benchmark rate stood at 3.62 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.the rate on 15-year mortgages rose to 3.37 percent from 3.35 percent last week.






world shares gain as investors await us jobless data


seoul, south korea — shares were higher in europe and most of asia on friday as investors awaited the release later in the day of u.s. employment data. a weaker yen lifted tokyo's benchmark and south korea's kospi rose after the constitutional court decided to remove the country's president for the first time in history.keeping score: germany's dax gained 0.4 percent to 12,020.04 and the cac 40 of france added 0.3 percent to 4,995.51. the ftse 100 in britain climbed 0.4 percent to 7,345.07. wall street seemed headed for an upbeat start with both s&p 500 and dow futures up 0.3 percent.u.s. jobs: the u.s. government is due to issue the february jobs report later friday. analysts have forecast that american employers added up to 200,000 jobs and the unemployment rate slipped to 4.7 percent fr






pickups, suvs get big boost from incentives


detroit – lured by presidents' day deals, u.s. buyers snapped up pickups and suvs in february, brightening what is usually a lackluster month for the auto industry.overall sales of new vehicles fell 1 percent from last february to 1.3 million, according to autodata corp. but automakers made up the difference with strong sales of more profitable suv and trucks. sales of the chevrolet silverado pickup jumped 17 percent to more than 50,500 trucks. ford sold nearly 69,000 suvs — a february record. nissan said sales of its rogue suv were up 54 percent.general motors and nissan both saw 4 percent sales gains over last february. volkswagen's sales were up 13 percent and honda's sales were up 2 percent.but those gains were offset by declines at other automakers. fiat chrysler's sales fell 10 perce






average us 30-year mortgage rate rises to year-high 4.21 pct


washington (ap) — long-term u.s. mortgage rates rose this week, marking new highs for the year. an increase in a key interest rate is expected by the federal reserve next week, propelled by signs of strength in the economy.mortgage buyer freddie mac says the rate on 30-year, fixed-rate loans climbed to 4.21 percent from 4.10 percent last week. the benchmark rate stood at 3.68 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.the rate on 15-year mortgages increased to 3.42 percent from 3.32 percent last week.






jobless rate remains at 11-year low


image copyrightgetty imagesuk unemployment fell by 7,000 to 1.6 million in the three months to december, official figures show.it meant the jobless rate held steady at an 11-year low of 4.8%, the office for national statistics said.the employment rate edged higher to 74.6% - a record high - while wages also grew during the period.average earnings, both including and excluding bonuses, rose 2.6% compared with a year ago, outpacing the current rate of inflation."continued moderate growth in employment has led to a new high in the total employment rate, while the rate for women has reached 70% for the first time on record," said ons senior statistician david freeman."overall, the labour market appears to be edging towards full capacity," he added.other figures showed that the number of non-uk






asian shares gain as investors await us jobless data


seoul, south korea (ap) — shares were mostly higher in asia on friday as investors awaited the release later in the day of u.s. employment data. a weaker yen lifted tokyo’s benchmark and south korea’s kospi rose after the constitutional court decided to remove the country’s president for the first time in history.keeping score: tokyo’s nikkei 225 jumped 1.4 percent to 19,595.30 as the dollar surged against the yen, favoring manufacturers. south korea’s kospi added 0.3 percent to 2,095.64. hong kong’s hang seng index added 0.1 percent to 23,533.53 and the shanghai composite index was almost unchanged at 3,215.62. australia’s s&p/asx 200 gained 0.6 percent to 5,775.60. stocks in taiwan and southeast asian benchmarks were mixed.impeached korean leader: the constitutional court in south korea






unemployment rate at lowest since 1975


uk unemployment fell to its lowest rate in 41 years in the three months to january, according to new figures.the office for national statistics (ons) said the unemployment rate fell to 4.7%, a level not seen since between june and august 1975.the number of people out of work fell to 1.58m while britons in employment rose to 31.85m.however, wage growth has slowed significantly to 2.2% from 2.6% in the previous three-month period.






the fed tightens just as the economy weakens


the federal reserve, as expected, raised interest rates by 0.25 percent on wednesday for the second time in three months -- a dramatic quickening of the prior pace of just two rate hikes in the last 10 years.it was a “hawkish hike,” with the fed’s future interest rate expectations drifting higher as well. policymakers continue to pencil in another two rate increases for the rest of the year. and they now expect long-term interest rates to reach 3 percent by the end of 2019, a slight increase from their last forecast in december.this is surprising, especially given that atlanta fed lowered its first-quarter gdp growth estimate to just 0.9 percent heading into the wednesday decision, suggesting the economy could be suffering a bout of weakness. or even something much worse: stagflation, that






san diego county home price increases slow


san diego county’s housing market in december grew more slowly than the national average, reflecting a trend of decelerating price increases since the start of 2016, said the s&p corelogic case-shiller indices released tuesday. the regional index of home prices, adjusted for seasonal swings, was up 5.4 percent in december compared to a year ago. it rose 5.8 percent nationwide.while san diego’s increase was still higher than many major cities — chicago, phoenix and others — it was below year-over-year jumps at the start of 2016.in january, the san diego index had risen 6.9 percent in the 12-month period. the growth rate stayed above 6 percent until the end of summer, when the increases began to slow.san francisco had the biggest december escalation in the golden state of 5.7 percent year-ov






average us 30-year mortgage rate slips to 4.17 percent


washington — long-term us mortgage rates eased slightly this week.mortgage buyer freddie mac says the rate on 30-year fixed-rate loans slipped to an average 4.17 percent from 4.19 percent last week. that was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. a year ago, the benchmark rate stood at 3.65 percent.the average for a 15-year mortgage declined to 3.39 percent from 3.41 percent last week.






february deals convince buyers to go for pickups, suvs


detroit — lured by presidents day deals, u.s. buyers snapped up pickups and suvs in february, brightening what is usually a lackluster month for the auto industry.overall sales of new vehicles had been expected to fall slightly from last february as automakers cut back on deliveries to rental-car companies and other fleets. but some automakers performed better than industry analysts expected.suv and truck sales were surprisingly strong. sales of the chevrolet silverado pickup jumped 17 percent from last february to more than 50,500 trucks, while ford sold nearly 69,000 suvs — a february record. nissan said sales of its rogue suv jumped 54 percent.general motors and nissan both saw 4 percent sales gains over last february. volkswagen's sales were up 13 percent and honda's sales were up 2 pe






us economy creates a healthy 235,000 jobs in february; unemployment rate falls t


employers added another burst of new jobs last month and stepped up the rate of pay for workers, a one-two punch that makes it likely that the federal reserve will nudge up interest rates next week. job growth totaled 235,000 in february, well above analysts’ expectations and on par with the payroll gains in january. the…






chinese new year 2017: year of the rooster | china


residents set off fireworks on the eve of lunar new year in beijing, china. [ng han/ap p o]thais bring offerings and pray for good fortune to mark the chinese lunar new year at leng noei yi or dragon lotus temple in chinatown, bangkok. [rungroj yongrit/epa]cars drive past a street decorated with chinese lamps to celebrate the lunar new year in yangon, myanmar. [soe zeya tun/reuters]filipino chinese students with rooster hats gesture after tossing a coin in front of a prosperity tree display, which is believed to bring good luck and fortune, in a nce of the lunar new year celebrations in binondo, metro manila, philippines. [romeo ranoco/reuters]men perform a dragon and lion dance before the chinese lunar new year in phnom penh, bodia. [samrang pring/reuters]people pray with incense sticks a