Kohl's donates money to Art Museum, economy improves
MILWAUKEE (WITI) -- In business news for Tuesday, August 13th, Kohl's has donated $2 million to the Milwaukee Art Museum, and in a sign the economy is continuing to recover, the Commerce Department says retail sales increased two-tenths of a percent in July.
MILWAUKEE (WITI) -- In business news for Tuesday, August 13th, Kohl's has donated $2 million to the Milwaukee Art Museum, and in a sign the economy is continuing to recover, the Commerce Department says retail sales increased two-tenths of a percent in July.
First-time claims for unemployment benefits fall to 5-year low
NEW YORK (CNNMoney) -- Here's yet another good sign for the job market: First-time claims for unemployment benefits fell last week to their lowest level in more than five years.About 326,000 people filed initial claims for unemployment benefits in the week ending July 27, the Labor Department reported Thursday.That marks the lowest level of weekly claims since January 2008 and seems to indicate layoffs are back to levels more consistent with pre-recession hiring.That said, July is a notoriously choppy month for weekly jobless claims, so economists often prefer to look at a four-week moving average to smooth out some of the volatility.
NEW YORK (CNNMoney) -- Here's yet another good sign for the job market: First-time claims for unemployment benefits fell last week to their lowest level in more than five years.About 326,000 people filed initial claims for unemployment benefits in the week ending July 27, the Labor Department reported Thursday.That marks the lowest level of weekly claims since January 2008 and seems to indicate layoffs are back to levels more consistent with pre-recession hiring.That said, July is a notoriously choppy month for weekly jobless claims, so economists often prefer to look at a four-week moving average to smooth out some of the volatility.
Federal Reserve signals cautious optimism about U.S. economy
NEW YORK (CNNMoney) -- You'll have to wait longer if you want more clues about when the Federal Reserve plans to wind down its stimulus efforts.The Federal Reserve wrapped up a two-day meeting Wednesday with small tweaks to its policy statement, but its overall outlook for the economy seems little changed.The Fed characterized recent economic growth as "modest," but noted that it expects "economic growth will pick up from its recent pace."The central bank also noted that mortgage rates have been rising and inflation may be too low.
NEW YORK (CNNMoney) -- You'll have to wait longer if you want more clues about when the Federal Reserve plans to wind down its stimulus efforts.The Federal Reserve wrapped up a two-day meeting Wednesday with small tweaks to its policy statement, but its overall outlook for the economy seems little changed.The Fed characterized recent economic growth as "modest," but noted that it expects "economic growth will pick up from its recent pace."The central bank also noted that mortgage rates have been rising and inflation may be too low.
Dow ekes out another record high on Tuesday
NEW YORK (CNNMoney) -- The Dow was able to notch another record high Tuesday, but the broader market was mixed as investors weighed the latest corporate results against a weak regional manufacturing report.The Dow Jones industrial average gained nearly 0.2%, ending at an all-time high of 15,568.The S&P 500 fell 0.2%, after earlier touching a new record high and coming within a few points of 1,700.
NEW YORK (CNNMoney) -- The Dow was able to notch another record high Tuesday, but the broader market was mixed as investors weighed the latest corporate results against a weak regional manufacturing report.The Dow Jones industrial average gained nearly 0.2%, ending at an all-time high of 15,568.The S&P 500 fell 0.2%, after earlier touching a new record high and coming within a few points of 1,700.
Gov. Walker touts School Choice program in Milwaukee
MILWAUKEE (WITI) -- Days after signing the state's 2013-2015 budget into law, Gov.
MILWAUKEE (WITI) -- Days after signing the state's 2013-2015 budget into law, Gov.
Gov. Scott Walker signs 2013-2015 state budget into law
PLEASANT PRAIRIE (WITI) -- Governor Scott Walker on Sunday, June 30th signed the 2013-15 state budget into law.According to Gov.
PLEASANT PRAIRIE (WITI) -- Governor Scott Walker on Sunday, June 30th signed the 2013-15 state budget into law.According to Gov.
Mayor Barrett urging Gov. Walker to use veto pen on budget
MILWAUKEE (WITI) -- Gov.
MILWAUKEE (WITI) -- Gov.
Home prices in major U.S. cities rise at 12.1% annual rate in April
NEW YORK (CNNMoney) -- The rise in home prices continued to accelerate in April, but a jump in mortgage rates could soon put the brakes on prices.The S&P/Case-Shiller home price index was up 12.1% in April, compared to a year ago, in the 20 top real estate markets across the nation.
NEW YORK (CNNMoney) -- The rise in home prices continued to accelerate in April, but a jump in mortgage rates could soon put the brakes on prices.The S&P/Case-Shiller home price index was up 12.1% in April, compared to a year ago, in the 20 top real estate markets across the nation.
Group asks Gov. Walker to remove provision in state budget
MADISON (WITI) -- A provision in the state budget requires municipalities to cut taxes by the same amount they hike fees -- prompting a group to ask Gov.
MADISON (WITI) -- A provision in the state budget requires municipalities to cut taxes by the same amount they hike fees -- prompting a group to ask Gov.
Economists predict economy will finally take off in 2014
NEW YORK (CNNMoney) -- When will America's economy finally stop limping along? 2014.
NEW YORK (CNNMoney) -- When will America's economy finally stop limping along? 2014.
Surging home sales raise new housing bubble fears
NEW YORK (CNNMoney) -- Home sales and prices continued to climb in May, raising the prospect of a new housing bubble unless there is a significant increase in home building."The home price growth is too fast, and only additional supply from new homebuilding can moderate future price growth," said Lawrence Yun, the chief economist for the National Association of Realtors.
NEW YORK (CNNMoney) -- Home sales and prices continued to climb in May, raising the prospect of a new housing bubble unless there is a significant increase in home building."The home price growth is too fast, and only additional supply from new homebuilding can moderate future price growth," said Lawrence Yun, the chief economist for the National Association of Realtors.
State Assembly passes spending plan for next two years
MADISON (WITI) -- The Wisconsin budget passed the Assembly on Wednesday, June 19th with almost no debate after a surprise move by Democrats.The $68 billion budget lays out a spending plan for the next two years and:
MADISON (WITI) -- The Wisconsin budget passed the Assembly on Wednesday, June 19th with almost no debate after a surprise move by Democrats.The $68 billion budget lays out a spending plan for the next two years and:
No great strides taken during state budget debate Tuesday
MADISON (WITI) -- Compared to past proceedings held at Wisconsin's State Capitol, the debate on Tuesday, June 18th over the state's budget was downright friendly.
MADISON (WITI) -- Compared to past proceedings held at Wisconsin's State Capitol, the debate on Tuesday, June 18th over the state's budget was downright friendly.
Approved MPS budget to create 45 additional positions
MILWAUKEE (WITI) -- The 2013-2014 Milwaukee Public Schools budget approved Tuesday night, June 11th will bring 45 additional art, music and physical education teacher and librarian positions into MPS schools.Art will see the biggest boost between 2012-13 and the upcoming 2013-14 school year under the plan, growing by about 25 full-time teaching positions.
MILWAUKEE (WITI) -- The 2013-2014 Milwaukee Public Schools budget approved Tuesday night, June 11th will bring 45 additional art, music and physical education teacher and librarian positions into MPS schools.Art will see the biggest boost between 2012-13 and the upcoming 2013-14 school year under the plan, growing by about 25 full-time teaching positions.
Proposal could raise requirements for unemployment work searches
MADISON (WITI) -- Those who collect unemployment benefits are required to apply for two jobs each week in order to continue receiving those benefits.
MADISON (WITI) -- Those who collect unemployment benefits are required to apply for two jobs each week in order to continue receiving those benefits.
Lawmakers take tour of schools involved in School Choice Program
MILWAUKEE (WITI) -- Some state lawmakers on Monday, May 13th took a tour of schools involved in the School Choice Program.
MILWAUKEE (WITI) -- Some state lawmakers on Monday, May 13th took a tour of schools involved in the School Choice Program.
Economy added 165,000 jobs in April, rate fell to 7.5%
NEW YORK (CNNMoney) -- Job growth was stronger than initially reported at the start of 2013, and U.S. employers continued to hire in April.The economy added 165,000 jobs in April, according to a Labor Department report released Friday.That was more than expected and marked an improvement over March, but the big story came from large revisions to earlier job growth numbers.
NEW YORK (CNNMoney) -- Job growth was stronger than initially reported at the start of 2013, and U.S. employers continued to hire in April.The economy added 165,000 jobs in April, according to a Labor Department report released Friday.That was more than expected and marked an improvement over March, but the big story came from large revisions to earlier job growth numbers.
U.S. unemployment benefits fall to 346,000
NEW YORK (CNNMoney) -- Claims for unemployment benefits are on a roller coaster ride again, falling dramatically last week after rising sharply a week earlier.That volatility isn't unusual for March and April, when the Easter holiday and school spring breaks tend to distort the figures.About 346,000 people filed claims for their first week of jobless benefits last week, down from a revised 388,000 the week before, the Labor Department said Thursday.The figure was better than expected.
NEW YORK (CNNMoney) -- Claims for unemployment benefits are on a roller coaster ride again, falling dramatically last week after rising sharply a week earlier.That volatility isn't unusual for March and April, when the Easter holiday and school spring breaks tend to distort the figures.About 346,000 people filed claims for their first week of jobless benefits last week, down from a revised 388,000 the week before, the Labor Department said Thursday.The figure was better than expected.
Barrett, others call for residency requirement removed from budget
MILWAUKEE (WITI) -- Gov.
MILWAUKEE (WITI) -- Gov.
Congress to sign off on bill to fund government through 2013
NEW YORK (CNNMoney) -- Congress is expected to soon sign off on a bill to continue funding the federal government through the end of the fiscal year.That's good, because if they don't, funding would run out on March 27.
NEW YORK (CNNMoney) -- Congress is expected to soon sign off on a bill to continue funding the federal government through the end of the fiscal year.That's good, because if they don't, funding would run out on March 27.