Economy Added 163K Jobs in July, but Rate Rose to 8.3%
July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year — enough to keep up with population growth but not enough to drive down the unemployment rate.
Gold, Oil Rises on Expansion, Iran Worries
Gold and oil both posted gains on Tuesday, the former on gains by the euro, with some concern over Iran’s nuclear progress, and the latter on increasing concerns over the effect of tightening sanctions.
Global Recession Fears Revive Amid Dismal Economic Reports
Manufacturing activity is grinding to a halt in all three of the world's economic engines—the U.S., Europe and China—stoking fears of a new recession.
Markets Spooked by Two Dreary Signals: Debt, Durables
It is the forward-looking nature of two key indicators that appears to be weighing on stocks. Declines in durable goods orders mean less manufacturing down the road, and a failure to get a debt deal means the two parties are so at odds they are willing to hold creditors hostage.