First-time claims for unemployment benefits fall to 7-year low

NEW YORK (CNNMoney) -- First-time claims for unemployment benefits suddenly fell to the lowest level since early 2006, but don't break out the champagne just yet.About 292,000 people filed initial claims for unemployment benefits in the week ending September 7, the Labor Department reported Thursday morning.

Average gas price $3.58 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 1 cent per gallon in the past week, averaging $3.58 per gallon on Sunday, September 8th.This compares with the national average that has fallen 2.3 cents per gallon in the last week to $3.59 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 34.8 cents per gallon lower than the same day one year ago and are 4.7 cents per gallon higher than a month ago.The national average has not moved during the last month and stands 22.3 cents per gallon lower than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

Average gas price $3.59 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have risen 9.8 cents per gallon in the past week, averaging $3.59 per gallon on Monday, September 2nd.This compares with the national average that has increased 4.1 cents per gallon in the last week to $3.61 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Monday were 37.4 cents per gallon lower than the same day one year ago and are 5.0 cents per gallon lower than a month ago.The national average has decreased 2.4 cents per gallon during the last month and stands 18.7 cents per gallon lower than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

Harley-Davidson's 110th makes sizable impact on economy in SE Wis.

MILWAUKEE (WITI) -- While the Harley-Davidson 110th anniversary celebration during Labor Day Weekend has been a lot of fun, it is also doing a lot of good for the local economy.The streets in and around Milwaukee have been filled with motorcycles since Thursday, August 29th, and that has been very good for business.

Average gas price $3.46 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 0.8 cents per gallon in the past week, averaging $3.46 per gallon on Sunday, August 25th.This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.57 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 37.8 cents per gallon lower than the same day one year ago and are 21.2 cents per gallon lower than a month ago.The national average has decreased 9.5 cents per gallon during the last month and stands 16.6 cents per gallon lower than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

Average gas price $3.47 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 2.4 cents per gallon in the past week, averaging $3.47 per gallon on Sunday, August 18th.This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.57 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 40.9 cents per gallon lower than the same day one year ago and are 28.7 cents per gallon lower than a month ago.The national average has decreased 10.8 cents per gallon during the last month and stands 13.0 cents per gallon lower than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

County Exec. Abele hosts budget hearing in Milwaukee

MILWAUKEE (WITI) -- Milwaukee County Executive Chris Abele answered some questions about his 2014 budget on Tuesday, August 13th.Abele held a budget hearing at the Martin Luther King Jr.

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.

Average gas price $3.51 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 11.2 cents per gallon in the past week, averaging $3.51 per gallon on Sunday, August 11th.This compares with the national average that has fallen 5.0 cents per gallon in the last week to $3.58 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 42.9 cents per gallon lower than the same day one year ago and are 13.6 cents per gallon lower than a month ago.The national average has decreased 1.2 cents per gallon during the last month and stands 9.1 cents per gallon lower than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

Average gas price $3.63 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 1.2 cents per gallon in the past week, averaging $3.63 per gallon on Sunday, August 4th.This compares with the national average that has fallen 1 cent per gallon in the last week to $3.63 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 34.1 cents per gallon lower than the same day one year ago and are 19.8 cents per gallon higher than a month ago.The national average has increased 14.4 cents per gallon during the last month and stands 3.3 cents per gallon higher than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

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.

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.

Average gas price $3.65 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 7.5 cents per gallon in the past week, averaging $3.65 per gallon on Sunday, July 28th..This compares with the national average that has fallen 2.7 cents per gallon in the last week to $3.65 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 9.2 cents per gallon higher than the same day one year ago and are 24.8 cents per gallon higher than a month ago.The national average has increased 14.0 cents per gallon during the last month and stands 15.0 cents per gallon higher than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

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.

Average gas price $3.73 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 5.5  cents per gallon in the past week, averaging $3.73 per gallon on Sunday, July 22nd.This compares with the national average that has increased 3.2 cents per gallon in the last week to $3.68 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 26.4 cents per gallon higher than the same day one year ago and are 14.4 cents per gallon higher than a month ago.The national average has increased 9.9 cents per gallon during the last month and stands 19.0 cents per gallon higher than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

Drivers in for a whopper of a price jump at the pump

NEW YORK (CNNMoney) -- Gas guzzlers, be warned: You're in for a whopper of a price jump at the pump.Prices of oil and gasoline futures have increased sharply in July, according to Gasbuddy.com chief oil analyst Tom Kloza.

Oil prices surge above $106, gasoline tops $3.50

NEW YORK (CNNMoney) -- U.S. oil prices jumped above $106 a barrel Wednesday, their highest level in over a year, as stockpiles of crude dwindled and tensions in Egypt kept traders on edge.

Average gas price $3.39 per gallon in Milwaukee area

MILWAUKEE (WITI) — Average gas prices in the Milwaukee area have fallen 12.9 cents per gallon in the past week, averaging $3.39 per gallon on Sunday, June 30th.This compares with the national average that has fallen 5.7 cents per gallon in the last week to $3.50 per gallon, according to gasoline price website GasBuddy.com.Including the change in gas prices in Milwaukee during the past week, prices on Sunday were 10.3 cents per gallon higher than the same day one year ago and are 51.6 cents per gallon lower than a month ago.The national average has decreased 13.6 cents per gallon during the last month and stands 12.9 cents per gallon higher than this day one year ago.CLICK HERE for the FOX6Now.com Gas Price Tracker

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.