Fed Says Economy Rebounding as It Trims Bond Purchases
The FOMC trimmed bond-buying by $10 billion for a fifth straight meeting, to $35 billion, staying on pace to end the program late this year.
Job Growth in June Disappoints, Continues Sluggish Pace
The U.S. economy's addition of 80,000 new jobs in June disappointed analysts and drove the stock market downward even though the data showed that all of the new jobs came from the private sector.
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.
Have We Turned the Confidence Corner? Millionaires Think So
Spectrem Millionaire Confidence Index hits nine-month high; consumer confidence, Chicago PMI—even Ben Bernanke—points to a possible resurgence, but Spectrem’s Wolper warns about negative effect of rising gas prices.
Economy Added 243,000 Jobs in January; Unemployment Rate Falls to 8.3%
Unemployment is now at its lowest point since President Obama’s first full month in office, and Friday’s report is sure to win attention for Obama in his presidential bid for re-election in 2012.
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.
Economic Data Mixed Ahead of Friday Jobs Report
Mixed signals from recent economic data suggest that the U.S. Labor Department jobs report for September will be a nail-biter.
Fed Tackles Long-Term Rates to Spur Economy
The Fed said it would buy $400 billion of longer-term U.S. Treasury securities to put downward pressure on longer-term interest rates and 'help make broader financial conditions more accommodative.'
Labor Day Bad News: Zero Job Growth in August, Unemployment Stuck at 9.1%
Unemployment rate held flat in August at 9.1% as no jobs were lost—nor gained. While some observers saw a silver lining, others fret over ongoing economic stagnation.