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Patrice Hill

Patrice Hill was a staff writer for The Washington Times.

Articles by Patrice Hill

** FILE ** In this Wednesday, Aug. 1, 2012, photo, New York Stock Exchange Senior Compliance Associate Matthew Pizzo, an Air Force veteran who has law and business degrees, works in his office at the New York Stock Exchange. Pizzo had gone two years without work, until recently, as he is now finishing his first week of work at the exchange. U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. (AP Photo/Richard Drew)

U.S. economy adds 163,000 jobs; rate rises to 8.3%

The labor market improved last month after a soft spell in the spring, with businesses creating 163,000 more jobs in a wide range of occupations from health care to manufacturing, the Labor Department reported Friday morning. Published August 3, 2012

**FILE** Worker Maria Contrero removes an elite running shoe from a sole press May 1, 2012, during the assembly process at the New Balance Athletic Shoe, Inc. factory in Boston. (Associated Press)

Economic growth slowed to 1.5 percent in spring

U.S. economic growth slowed to a crawl in the spring quarter, trudging ahead at a 1.5 percent annual rate after falling off to 2 percent in the first quarter of the year, the Commerce Department reported Friday morning. Published July 27, 2012

House Majority Leader Eric Cantor (center), Virginia Republican, walks July 11, 2012, from the House floor on Capitol Hill as he manages the vote to repeal the Affordable Care Act. (Associated Press)

Employers work on health mandate

Now that the Supreme Court has upheld most of President Obama's health care law, U.S. businesses by and large appear skeptical about Republican attempts to repeal the law and are rushing to comply with it, surveys show. Published July 19, 2012

** FILE ** In this June 13, 2012, file photo, job seekers have their resumes reviewed at a job fair expo in Anaheim, Calif. (AP Photo/Jae C. Hong, File)

Economy is in the eye of the policy beholder

Reading the economy these days is like taking a Rorschach test: Optimists see signs of progress in each economic report, while pessimists see the end of the expansion and many others host middling views. Published July 8, 2012

**FILE** A person walks Feb. 15, 2012, on the University at Buffalo campus in Buffalo, N.Y. (Associated Press)

College grads find big degree of debt, difficulty

The Great Recession sent millions of Americans scurrying back to school to improve their chances of securing jobs. But the difficulty that recent college graduates have had finding work — after taking on unprecedented loads of debt — has sparked a lively debate about whether a college degree opens doors the way it once did in the job market. Published July 5, 2012

** FILE ** Federal Reserve Chairman Ben S. Bernanke

Federal Reserve extends program to prop up economy

The Federal Reserve on Wednesday afternoon signaled its concern about the weakening of the U.S. economy and extended a program aimed at holding down long-term interest rates to prop up growth. Published June 20, 2012

The New York headquarters of ratings agency Standard & Poor's is pictured in 2011. (Associated Press)

Debt fight poses new risk to U.S. credit rating

Wall Street rating agencies are starting to sound warnings again about the possibility of further downgrades of the once-perfect U.S. credit rating as a critical year-end deadline for addressing the nation's mounting debt nears. Published June 14, 2012

**FILE** Pedestrians walk past a Wall Street sign near the New York Stock Exchange. (Associated Press)

Economy on a steady course despite job scare

While Wall Street and Washington were obsessing over recent signs of softening in the job market and a flare-up of the European debt crisis, much of the rest of the economy has been chugging along showing improvement. Published June 12, 2012

**FILE** Big Apple Inn grill cook Tyechia Davis prepares the sausage meat for a "smoke" sandwich in Jackson, Miss., on May 29, 2012. (Associated Press)

Workers still feeling the pain in paychecks

U.S. corporations are brimming with cash and reporting record levels of profits, but many workers haven't received solid raises in years. Some have had to take on the workloads of laid-off colleagues, but have not received additional pay. The jobs that are open often provide smaller paychecks than the ones Americans lost during the 2007-09 recession. Published June 7, 2012

Declining number of union members affects all workers’ salaries

Today's depressed wages can be attributed to a variety of economic trends - from globalization and sending jobs offshore to new technologies and immigrant labor - but economists and scholars also point to the dramatic decline in U.S. union membership in the past 60 years, which has left rank-and-file workers without a powerful public advocate. Published June 7, 2012

** FILE ** A JPMorgan office building is shown, Monday, May 14, 2012, in New York. (AP Photo/Mark Lennihan)

J.P. Morgan’s $2 billion loss renews debate on size

J.P. Morgan's announcement of a spectacular trading loss of $2 billion last week gives fuel to regulators who are inclined to slim down or at least stop the growth of such "too-big-to-fail" megabanks in the future, banking analysts say. Published May 20, 2012

Outgoing French President Nicolas Sarkozy leaves after addressing supporters at his Union for a Popular Movement party headquarters after conceding defeat to Socialist Francois Hollande. (Associated Press)

European voters clear: Austerity won’t be tolerated

Europe's election results were a stinging rebuke for the belt-tightening measures instigated throughout the European Union at the behest of Germany in recent years, while they make U.S. policies that have emphasized growth over austerity look enlightened by comparison, analysts say. Published May 9, 2012

An employee restocks a machine with lead at the Faber-Castell pencil factory in Stein, Germany. Treating workers well has paid dividends for the company, the firm's owner said. (Christian Burkert/Special to The Washington Times)

Germans getting ahead by getting along

Underlying Germany's vaunted manufacturing machine is a system of close collaboration among business, labor and government that has served the nation well in recent years and stands in marked contrast to the increasingly adversarial system in the U.S. Published May 8, 2012

Germany’s new strength has a foreign accent

Germany has leveraged its economic strength to take the leading role in addressing Europe's debt crisis, but ironically it owes much of that success recently to the appeal of German products in emerging countries such as China and Russia — far outside its traditional markets in Europe. Published May 6, 2012

** FILE ** People pass a military jet while attending a job fair for veterans on March 28, 2012, at the Intrepid Sea, Air and Space Museum in New York. (Associated Press)

Unemployment falls to 8.1 percent in April, but Dow drops

The nation's unemployment rate continued its rapid decline last month, falling to 8.1 percent as another 115,000 jobs were added throughout the economy, the Labor Department reported Friday morning. Published May 4, 2012