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US added strong 292K jobs last month; jobless rate at 5 pct.

US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to offset ...

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In Texas, residents are riding out the latest oil bust

BIG LAKE — The week before Christmas, restaurant owner Terry Stevens warmly shook hands with oil workers and wished them a happy holiday as they walked out the door, some possibly for the last time. Stevens, a 52-year-old Michigan transplant, moved to this West Texas outpost five years ago, before the latest oil boom. Workers flocked to the Mexican restaurant ...

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New Mexico No. 1 in joblessness

New Mexico had the highest unemployment rate in the nation in November, while growth in the number of new jobs in the state was flat, according to labor figures released Friday. The state’s rate of 6.8 percent for November was unchanged from the month before, but New Mexico’s failure to improve pushed it to the No. 1 spot, according to ...

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Signs of steady US economy: Rising pay and solid job market

WASHINGTON — Americans’ pay is up, fewer people need unemployment aid, more are buying new homes and business spending is rebounding. A flurry of data released Wednesday signaled that the fundamentals of the U.S. economy remain solid, if unspectacular, three weeks before the Federal Reserve will likely begin raising interest rates. Consumers appear relatively confident in the economy and may ...

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Demand outstrips NM job creation

The counter-cyclical direction of New Mexico’s rising unemployment rate summarizes the state’s economy in 2015, said Jeffrey Mitchell, director of the Bureau of Business and Economic Research at the University of New Mexico. “The national economy is creating jobs at a slightly higher rate than people are joining the labor force,” he said. “The national unemployment rate clicks down a ...

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