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Ohio Jobless Rate Increases Slightly in August | September 20, 2019

COLUMBUS, Ohio (AP) — Ohio’s seasonally adjusted unemployment rate increased slightly from July to August. State officials on Friday said the unemployment rate was 4.1% in August, compared with 4% the previous month. Ohio’s unemployment rate stood at 4.6% in August 2018. The national rate was 3.7% in August, unchanged from July, and down from […]

COLUMBUS, Ohio (AP) — Ohio's seasonally adjusted unemployment rate increased slightly from July to August. State officials on Friday said the unemployment rate was 4.1% in August, compared with 4% the previous month. Ohio's unemployment rate stood at 4.6% in August 2018. The national rate was 3.7% in August, unchanged...

PNC Survey: Most Business Owners Are Optimistic | September 18, 2019

PITTSBURGH – Despite pricing pressures and tariff concerns, measures of optimism are approaching the record-setting highs measured in spring 2018, according to the latest PNC semi-annual survey of small and mid-size business owners and executives. Optimism among business leaders about their own company is particularly strong at 55% compared to one year ago (51%) and […]

PITTSBURGH – Despite pricing pressures and tariff concerns, measures of optimism are approaching the record-setting highs measured in spring 2018, according to the latest PNC semi-annual survey of small and mid-size business owners and executives. Optimism among business leaders about their own company is particularly strong at 55% compared to...

Home Building Climbs 12.3% in August to 12-Year High | September 18, 2019

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most since June 2007 and up […]

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most...

Factory Production Rises at Healthy Pace in August | September 17, 2019

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose. The Federal Reserve said Tuesday that manufacturing production climbed 0.5% last month, after a 0.4% drop in July. Despite the improvement, […]

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose. The Federal Reserve said Tuesday that manufacturing production climbed 0.5% last month, after a 0.4% drop...

Manufacturers, Retailers Less Optimistic, Survey Says | September 16, 2019

By JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) — Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That’s the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. Sixty-three percent of manufacturing […]

By JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) — Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That's the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and...

Retail Sales Rise Moderately as Car-Buying Jumps | September 13, 2019

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month, down from a strong 0.8% […]

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month,...

Chamber Receives $5K from Farmers Foundation | September 13, 2019

YOUNGSTOWN, Ohio – The Youngstown/Warren Regional Chamber has received a $5,000 donation from The Farmers Charitable Foundation to support its economic development initiatives. Among the initiatives operated by the Regional Chamber are JobsNow workforce development program and the Eastern Ohio Military Affairs Commission, which advocates on behalf of Youngstown Air Reserve Station and Camp James […]

YOUNGSTOWN, Ohio – The Youngstown/Warren Regional Chamber has received a $5,000 donation from The Farmers Charitable Foundation to support its economic development initiatives. Among the initiatives operated by the Regional Chamber are JobsNow workforce development program and the Eastern Ohio Military Affairs Commission, which advocates on behalf of Youngstown Air...

Wholesale Prices Up Tiny 0.1% in August | September 11, 2019

By MARTIN CRUTSINGER and BANI SAPRA AP Economics Writer WASHINGTON (AP) — U.S. wholesale prices edged up a slight 0.1% in August as energy prices took a big plunge, a further sign that inflation is remaining tame. The Labor Department said Wednesday that the gain in its producer price index, which measures inflation pressures before […]

By MARTIN CRUTSINGER and BANI SAPRA AP Economics Writer WASHINGTON (AP) — U.S. wholesale prices edged up a slight 0.1% in August as energy prices took a big plunge, a further sign that inflation is remaining tame. The Labor Department said Wednesday that the gain in its producer price index,...

Fed Chair Powell Says He Doesn’t Expect Recession | September 6, 2019

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will “act as appropriate to sustain the expansion.” Powell gave an upbeat view of the U.S. […]

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an...

Employers Thought to Have Kept Solid Hiring Pace in August | September 6, 2019

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. employers are expected to have hired at another healthy pace in August, a trend that could power the economy through a rough patch stemming from a global slowdown and the Trump administration’s trade war with China. Economists have forecast that businesses and governments added 160,000 […]

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. employers are expected to have hired at another healthy pace in August, a trend that could power the economy through a rough patch stemming from a global slowdown and the Trump administration's trade war with China. Economists have forecast that...