Labor Department

Applications for US jobless aid drop by 11,000 to 225,000

The number of Americans applying for unemployment benefits fell by 11,000 last week to 225,000, the lowest in nearly two months and another sign that U.S. workers are enjoying job security. The Labor Department said Thursday that the less volatile four-week average also fell by 6,750 to 234,750. Read more

Business Highlights

GOP says it's got a deal on taxes; cuts coming for next year WASHINGTON (AP) — Confident congressional Republicans have forged agreement on a major overhaul of the nation's tax laws. It would provide generous tax cuts for corporations and the wealthiest Americans — Donald Trump among them — and Read more

Gasoline prices lift US consumer inflation 0.4 percent

Surging gasoline prices pulled U.S. consumer inflation up 0.4 percent in November. The Labor Department said Wednesday that prices at the pump increased a sharp 7.3 percent after falling in October. Excluding volatile food and energy prices, so-called core consumer inflation rose a modest 0.1 Read more