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Business

  • Penney’s board unchanged despite losses
    Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.
  • GM shares crack 2-year high
    Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.
  • Area’s jobs outlook better
    State unemployment dipped in April – and metro Fort Wayne did its part.The region had fewer people without work and the jobless rate retreated to 7.6 percent from 8.
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Ohio jobless rate ticks down to 6.7%

COLUMBUS, Ohio – The latest monthly jobs data shows that Ohio’s unemployment rate is continuing its slow downward trend.

The Ohio Department of Jobs and Family Services said Friday that the state’s seasonably adjusted unemployment rate for December was 6.7 percent – down from 6.8 percent in November and 6.9 percent in October.

The state has said that Ohio’s economy and its job market are getting stronger, though the process is slow.

Ohio’s unemployment rate has remained about a percentage point below the U.S. rate.

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