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Editorial Results (free)

1. IMF Lowers Estimate of US Economic Growth in 2014 -

WASHINGTON (AP) – The U.S. economy is poised to accelerate after a dismal start to the year even though the job market won't return to full employment until 2017.

That was the forecast offered Monday in a report by the International Monetary Fund.

2. Economy Improving But Job Growth Still Weak -

WASHINGTON (AP) – The U.S. economy is picking up. If only job growth would follow.

A spate of data Thursday showed U.S. factories grew last month at the fastest pace since June, construction spending increased for a third straight month, and both retail sales and auto sales rose in November.

3. Slightly More People Seek Unemployment Benefits -

WASHINGTON (AP) – The number of people seeking unemployment benefits ticked up slightly last week after two months of steady declines.

But the increase isn't enough to reverse the downward trend. The four-week average of applications, a less volatile measure, fell to its lowest level since April. The decline in the average signals that companies are laying off fewer workers.

4. Employers Add No Net Jobs in Aug.; Rate Unchanged -

WASHINGTON (AP) – Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.

The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.

5. 4-Month Low in Unemployment Claims Eases Fears -

WASHINGTON (AP) – After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April.

6. More People Applied for Unemployment Benefits -

WASHINGTON (AP) – More people sought unemployment benefits last week, the second rise in three weeks, a sign of the slow and uneven jobs recovery.

Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending April 23, the Labor Department said Thursday. That's the highest total since late January.

7. Service Sector Expanded in March at Slower Pace -

WASHINGTON (AP) – The U.S. service sector expanded in March for the 16th straight month, although growth slowed from the previous month's pace, which was the fastest in more than five years.

8. Unemployment Claims Drop Sharply to 407K -

WASHINGTON (AP) – The number of people applying for unemployment benefits fell sharply last week to the lowest level since July 2008, a hopeful sign that improvement in the job market is accelerating.

9. Wholesale Prices Rise on Higher Food Costs -

WASHINGTON (AP) – Wholesale prices rose last month for the first time since March on higher costs for food, autos, pickup trucks and pharmaceuticals.

Still, the increases were modest and show that the weak economy isn't spurring significant price rises.

10. New Claims for Jobless Benefits Rise to 479K -

WASHINGTON (AP) – Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring in the U.S. remains weak and some companies are still cutting workers.

11. Service Sector Grows More Quickly in July -

NEW YORK (AP) – Growth in the U.S. service sector picked up in July, according to a trade group's survey, in a good sign for the overall economy and the job market.

The Institute for Supply Management said Wednesday its service-sector index rose to 54.3 last month, up from 53.8 in June. Economists had expected a pullback to 53 for July.

12. Service Sector Grows in April, Trade Group Says -

NEW YORK (AP) – The service sector expanded in April, with business activity accelerating at the strongest pace in four years.

The Institute for Supply Management, a trade group of purchasing executives, said its service sector index read 55.4 in April, the same level as in March. It’s the fourth straight month of growth.

13. Modest but Steady Growth Seen In Economic Reports -

NEW YORK (AP) – The economic recovery seems on track for slow but steady gains, after reports Tuesday showed growth in manufacturing activity, construction spending and contracts to buy homes.

14. Events -

Inside Downtown will meet today at 4:30 p.m. at Wang's Bistro, 113 S. Main St. Center City Commission president Jeff Sanford will discuss the transformation of that section of Main Street and new projects in the works. RSVP by calling 575-0542 or e-mailing hernandez@downtownmemphis.com.

15. Events -

The Better Business Bureau of the Mid-South is hosting Talk Shoppe today from 9 a.m. to 10 a.m. at its offices, 3693 Tyndale Drive. The topic is "Negotiating to Fruition: Winning the Right Way." The guest speaker is Daren Howard, managing partner in the Mid-South for Jerry Wilson & Associates LLC. For more information, call Jo Garner at 759-7808.