Last updated: March 28. 2013 11:43PM - 885 Views

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Scranton chamber seeks CEO


The Greater Scranton Chamber of Commerce Board of Directors has begun the search for the organization’s next president and chief executive officer to replace Austin J. Burke, by retaining Waverly Partners LLC as its executive search firm.


Board Chairman-elect Dan Santaniello, of Fidelity Deposit & Discount Bank, will head a search committee that will work with Waverly Partners to identify qualified local, regional and national candidates.


The position profile and instructions regarding how to apply are available on the chamber’s website: www.scrantonchamber.com. For more information about the search, contact search consultant Eric Peterson at Scranton@Waverly-Partners.com.


U.S. growth slow, steady


The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accelerated in early 2013 despite higher taxes and cuts in government spending.


The economy grew at an annual rate of 0.4 percent in the October-December quarter, the Commerce Department said Thursday. That was slightly better than the previous estimate of 0.1 percent growth. The revision reflected stronger business investment and export sales.


Analysts think the economy is growing at a rate of around 2.5 percent in the current January-March quarter, which ends this week.


Steady hiring has kept consumers spending this year. And a rebound in company stockpiling, further gains in housing and more business spending also likely drove faster growth in the first quarter.


Jobless rate inches up


The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second consecutive weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market.


Applications increased to a seasonally adjusted 357,000 for the week ending March 23, the Labor Department said Thursday. That’s up from 341,000 the previous week, which was revised slightly higher.


First-time applications are a proxy for layoffs. They have been declining steadily since November. At the same time, hiring has accelerated, lowering the unemployment rate in February to a four-year low of 7.7 percent.


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