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Hiring rebounds as US employers add 196,000 jobs

WASHINGTON (AP) — Hiring in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8%, near the lowest level in almost 50 years, the Labor Department reported Friday. Wage growth slowed a bit in March, with average hourly pay increasing 3.2% from a year earlier. That was down from February’s year-over-year gain of 3.4%, the best in a decade. The employment figures reported Friday by ...

Jobs rebound drives US stocks higher for another weekly gain

Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Health care, energy and technology companies accounted for much of the broad rally, which extended the S&P 500's consecutive run of gains to seven days. The benchmark index also ended the week with its second straight weekly gain. Small company stocks did better than the rest of the market. A strong rebound in hiring, which eased worries that the U.S. economy is slowing too sharply, helped put traders in a buying mood. The jobs report also hit a happy ...

Business Briefs for April 1

MNRAAA announces Jason W. Swanson as new executive director The Minnesota River Area Agency on Aging’s board of directors announces the hiring of Executive Director Jason W. Swanson. “Jason has taken the leadership role following the retirement of MNRAAA’s previous long-term Executive Director Linda Giersdorf,” said MNRAAA Board Chair, Robert Roesler. Swanson was previously with Tealwood Senior Living, serving most recently as a regional director of operations. During his tenure at Tealwood Senior Living, Swanson received the following awards: American Health Care ...

For that special gift

MARSHALL — Rachel Deutz believes in taking things one day at a time and one customer at a time. She’s operated Treasured Times in downtown Marshall for more than 10 years. Her long range business venture started in 2001 when her mother, Gene (Zick) Gilb, was willing to go back to having ...

Trump issues new permit for stalled Keystone XL pipeline

WASHINGTON (AP) — In an apparent bid to kick-start the long-stalled Keystone XL oil pipeline, President Donald Trump on Friday issued a new presidential permit for the project — two years after he first approved it and more than a decade after it was first proposed. Trump said the permit issued Friday replaces one granted in March 2017. The order is intended speed up development of the controversial pipeline, which would ship crude oil from tar sands in western Canada to the U.S. Gulf Coast. A federal judge blocked the project in November, saying the Trump administration had not ...

Trump’s Fed pick worries economists, rallies conservatives

WASHINGTON (AP) — President Donald Trump’s latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world’s most influential central bank. Moore is a former Trump campaign adviser who helped design the 2017 tax cuts and the co-authored “Trumponomics.” The economists say Moore poses the distinct risk of injecting politics into an institution that strives to remain free of political influence when setting short-term interest rates that can ...