Booming Housing Market Boosts U.S. Economy
With new home sales 29% higher than a year ago and home prices rising, the real estate market has established itself as a leading force in buoying the U.S. economy.
Fear and Yogurt in Greece: Where to Invest Now That Votes Are Cast
Greece’s election results are in, and now investors are voting on where they want to put their money. Here's advice from PIMCO's Bill Gross, Wells Fargo and more.
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. Consumer—the Economy’s Engine—Chugs Along at Snail’s Pace
The U.S. Commerce Department reported flat retail sales in December, but the lackluster news may mask more positive news on the critical consumer front of the economy.
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.
U.S. Jobs Surprise: Unemployment Rate Falls to 8.6% From 9.0%
The unemployment rate dropped partly because of the large number of discouraged job seekers who have left the workforce.
Social Security’s 3.6% Benefit Increase Scorned as Not Enough
For the first time since 2009, the U.S. government said Wednesday that it will raise Social Security benefits with a cost-of-living adjustment, up 3.6%, and the announcement was followed by praise—and criticism.
Bipolar Jobs Report: Exceeds Expectations but Still Disappoints
The Labor Department’s report of a 103,000 rise in payroll jobs in September exceeded analysts’ expectations, but increase is too tepid to sway high unemployment rate of 9.1%
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.
No Sign of QE3 From Bernanke as GDP Drops, Markets Rise
Markets rose Friday after Fed Chairman Ben Bernanke said he was 'optimistic' about the U.S. economy in a speech at Jackson Hold, Wyo., and signaled that the Fed had no plans for a third round of quantitative easing.