Monthly Archive: April 2018

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US businesses raise pay at fastest pace in 11 years

WASHINGTON — U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages. The Labor Department said Friday that its employment cost index shows wages and salaries in the private sector rose 1 per cent between […]

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Kauai wants tourists to help island overcome flood damage

HONOLULU — Residents and businesses are still cleaning up from flooding that deluged parts of Kauai, but community leaders are urging tourists to keep coming so residents don’t suffer an economic calamity on top of record-breaking rains that smothered a normally green landscape in reddish-brown water. Some travellers are cancelling their reservations after getting the […]

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US economic growth slowed to 2.3 per cent pace in Q1

WASHINGTON — The U.S. economy slowed to a moderate 2.3 per cent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years. Still, the January-March increase came in better than expected and was enough to propel growth over the past year to come close to the […]