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Signs Point Up for Small Manufacturers, Home Remodelers

By JOYCE M. ROSENBERG AP Business WriterNEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end with the third quarter of […]

By JOYCE M. ROSENBERG AP Business WriterNEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end...

IMF: Low Rates and Reduced Trade Tension to Aid World Growth

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That’s the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in 2020 […]

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last...

Youngstown Charts Development Course for 2020

YOUNGSTOWN, Ohio — Positioning downtown as an entertainment district along the lines of Cleveland’s Playhouse Square and incorporating public transportation as an asset are among the components envisioned as parts of Youngstown’s development strategy.  The strategy is being plotted by Nikki Posterli, hired in September as director of community planning and economic development, and urban […]

YOUNGSTOWN, Ohio -- Positioning downtown as an entertainment district along the lines of Cleveland’s Playhouse Square and incorporating public transportation as an asset are among the components envisioned as parts of Youngstown’s development strategy.  The strategy is being plotted by Nikki Posterli, hired in September as director of community planning...

Rising Energy Costs Lift Consumer Prices 0.2% in December

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — Rising energy costs drove U.S. consumer prices higher in December, and American workers’ earnings couldn’t keep up. The Labor Department said Tuesday that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. Over the past year, consumer inflation is up […]

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — Rising energy costs drove U.S. consumer prices higher in December, and American workers' earnings couldn't keep up. The Labor Department said Tuesday that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. Over the past...

Joy Cone to Invest $10M in Hermitage Plant Expansion

HARRISBURG, Pa. — Gov. Tom Wolf announced Friday that Joy Cone, a manufacturer of ice cream cones based in Hermitage, Pa., will expand its cookie manufacturing operations to meet increasing market demand for cookie and wafer products. The expansion is Joy Cone’s second significant capital investment in the region in less than three years. The […]

HARRISBURG, Pa. -- Gov. Tom Wolf announced Friday that Joy Cone, a manufacturer of ice cream cones based in Hermitage, Pa., will expand its cookie manufacturing operations to meet increasing market demand for cookie and wafer products. The expansion is Joy Cone’s second significant capital investment in the region in...

US Adds 145K Jobs; Unemployment Holds at 3.5%

By JOSH BOAK AP Economics WriterWASHINGTON (AP) — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors. The Labor Department said Friday that the unemployment rate held at 3.5% for the second straight month, prolonging a half-century low. Hiring slipped after […]

By JOSH BOAK AP Economics WriterWASHINGTON (AP) — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors. The Labor Department said Friday that the unemployment rate held at 3.5% for the second straight month, prolonging a...

US Employers Expected to Have Added 160,000 Jobs in December

By JOSH BOAK AP Economics WriterWASHINGTON (AP) — The U.S. job market appears to be entering 2020 on a solid footing. Economists expect that Friday’s jobs report will show job gains of 160,000 in December, with the unemployment rate holding steady at 3.5%, according to the data provider FactSet. But key in the report will […]

By JOSH BOAK AP Economics WriterWASHINGTON (AP) — The U.S. job market appears to be entering 2020 on a solid footing. Economists expect that Friday's jobs report will show job gains of 160,000 in December, with the unemployment rate holding steady at 3.5%, according to the data provider FactSet. But...

US Trade Deficit Falls 8.2% to $43.1B in November

By MARTIN CRUTSINGER AP Economics WriterWASHINGTON (AP) — The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual decline in the trade deficit in six years. The Commerce Department said Tuesday that […]

By MARTIN CRUTSINGER AP Economics WriterWASHINGTON (AP) — The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual decline in the trade deficit in six years. The...

2020 to Bring Good News at Gas Pump for Some, Not All

BOSTON – GasBuddy, the smartphone app helping consumers avoid paying full price for fuel, today predicts that 2020 will feature a yearly national average of $2.60 per gallon, representing a 2 cent drop versus 2019. At the same time, the fuel-cost tracking service warns that the national average will rise as much as 75 cents per […]

BOSTON – GasBuddy, the smartphone app helping consumers avoid paying full price for fuel, today predicts that 2020 will feature a yearly national average of $2.60 per gallon, representing a 2 cent drop versus 2019. At the same time, the fuel-cost tracking service warns that the national average will rise as...

Rust Belt Region Looks to Become Electric Vehicle Hub

By JOHN SEEWER Associated PressYOUNGSTOWN, Ohio — The day Youngstown’s steel mills began shutting down 40 years ago remains fresh in the minds of those who live in this blue-collar corner of Ohio. Community leaders don’t want the recent closing of General Motors’ massive assembly plant to leave that same lingering gloom. The region is […]

By JOHN SEEWER Associated PressYOUNGSTOWN, Ohio -- The day Youngstown's steel mills began shutting down 40 years ago remains fresh in the minds of those who live in this blue-collar corner of Ohio. Community leaders don't want the recent closing of General Motors' massive assembly plant to leave that same...