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US gains 157K jobs; jobless rate rises to 7.9 pct.

U.S. employers added 157,000 jobs in January, and hiring was much stronger at the end of 2012 than previously thought, providing reassurance that the job market held steady even as economic growth stalled.

 

Dow hits 14,000 for 1st time since October 2007

Dow Jones

The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy.

 

US consumer spending up slight 0.2 percent

U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years. Income surged because companies rushed to pay dividends before income taxes increased on high-earners.

 

Private sector adds more jobs than expected in January

Jobs

Private-sector employers added 192,000 jobs in January, more than economists were expecting, in a sign of growth in the labor market, a report by a payrolls processor showed on Wednesday.

 

Home prices see best yearly gain since 2006

Home Prices

Home prices rose in November to rack up their best yearly gain since the housing crisis began, a further sign that the sector is on the mend.

 

US economy gets lift from housing, other tailwinds

The U.S. economy is a study in contrasts. The housing, banking and auto industries are surging back to health and that has helped push the stock market to a five-year peak. Higher prices for homes and stocks tend to make people feel wealthier and spend more.

 

US jobless claims drop to 5-year low of 330,000

Jobless Claims

The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring.

 

US jobless aid applications fall to 5-year low

Unemployment Rate

The number of Americans seeking unemployment aid plummeted to a five-year low last week, a hopeful sign the job market may be improving.

 

US home construction in 2012 highest in 4 years

U.S. builders started work on homes in December at the fastest pace since the summer of 2008 and finished 2012 as their best year for residential construction since the early stages of the housing crisis.

 

US economic activity 'increasing'

The US Federal Reserve's latest report on the economy says activity has picked up slightly in the past two months.

 

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