Bernanke to Senators: Don’t Dawdle in Addressing Fiscal Cliff
Fed Chairman Ben Bernanke signaled to senators on Tuesday that more quantitative easing measures might be taken and urged lawmakers to not dawdle in addressing the nation’s fiscal woes.
U.S. Unemployment Rate Barely Changed in April as Economy Added Only 115,000 Jobs
The U.S. unemployment rate was little changed in April, at 8.1% versus 8.2% in March, as the economy gained only 115,000 jobs, the Labor Department reported Friday.
U.S. Adds 200,000 Jobs—but What Type?
The Department of Labor released figures on Friday that indicated the jobs situation was better than expected in December, with 200,000 jobs added and the unemployment rate continuing to trend down.
Fed’s Bernanke Sympathizes With Occupy Wall Street as Economic Growth Stays Fragile
Fed Chairman Ben Bernanke says he sympathizes with the frustration of Occupy Wall Street protestors as U.S. jobs market weakness persists and the nation’s unemployment rate remains elevated. The Fed left its monetary policy unchanged.
Personal Income, Spending Rise; New Home Sales Fall
With personal income and spending, though not on homes, both up and consumer confidence on the increase, the holiday season may be brighter than anticipated.
As EU Presses Ireland, Greece Has '14 Days to Live'
As Ireland continued Tuesday to grab headlines over its financial crisis and world stocks dropped for a seventh straight day, fears over a looming Greek default took over broader worries in the euro community.
Industrial Production Up; October’s PPI Increase Fueled by Gas Prices
Factories chugged away in October, recording their biggest increase in three months, and producer prices were up as well, thanks to rising gas prices.
Small Businesses Still Gloomy on Economy: NFIB Index
If you ask small business owners, the recession isn't over till it's over--and if their hiring and expansion plans are any indication, that hasn't happened yet.
Weekly Jobless Claims Drift Down; Retail Sales Edged Up in September
Can it be that unemployment is looking up? According to the Department of Labor on Thursday, "the advance figure for seasonally adjusted initial claims was 445,000, a decrease of 11,000 from the prior week.
New Home Sales Still Dismal; Stocks Surge on Durable Goods Report
New home sales figures released Friday by the Census Bureau showed that housing had a long way to go before it joined the "expansion" and orders for durable goods fell 1.3%, but its core components rose.