Economy

Dow Jones Closes Above 15,000 For First Time

Eyder Peralta — Tue, 07 May 2013 20:29:00 +0000

The Dow Jones Industrial Average closed above 15,000 on Tuesday for the first time in its history.

"The Dow's push above 15000 comes as investors' confidence in the economic recovery grows. While earnings reports have been lackluster in recent weeks, a strong report on U.S. hiring last Friday helped dispel worries about a slowdown in the economic recovery like the ones the U.S.

Kentucky Tourism Up More Than 4 Percent From 2011

Kenny Colston — Mon, 06 May 2013 20:40:30 +0000

A new report says the economic impact of tourism in Kentucky grew again last year.

The study reports a $12 billion impact for tourism last year. That's up about four and a half percent from the previous year. In addition, the report credits tourism for 174,000 jobs and $2.7 billion in wages.

In a statement, tourism officials give partial credit to growth of the Kentucky Bourbon Trail.

The series of distilleries has drawn steady interest since it's inception in 1999, but broke an attendance record last year, drawing over half a million visitors.

Study Finds Kentuckians Work Three Months Just to Pay Taxes

Lisa Autry — Mon, 08 Apr 2013 10:00:00 +0000

April 18th is National Tax Freedom Day, the point at which Americans will have earned enough money to pay this year's tax obligations at the local, state, and federal levels. Elizabeth Malm is an economist with the Washington-based Tax Foundation. She says Americans this year will work five days later than in 2012 to pay all their taxes.

Job Growth Slows Sharply, But Unemployment Rate Dips

Mark Memmott — Fri, 05 Apr 2013 14:35:00 +0000

There were just 88,000 jobs added to private and public payrolls in March, the Bureau of Labor Statistics estimates.

But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.

The news was not in line with expectations.

1,569: S&P 500 Closes At All Time High, Rising Above Oct. 2007 Mark

Eyder Peralta — Thu, 28 Mar 2013 22:30:00 +0000

The Standard & Poor's 500 stock index broke new ground today, closing at 1,569, an all-time high that erased the record set on Oct.