Home » CONTENT » ECONOMY (Page 6)

  • In this Tuesday, Aug. 27, 2013 photo, trader Todd Ingrilli, left, works on the floor of the New York Stock Exchange. Stock futures were mixed, Thursday, Sept. 5, 2013, in very light trading amid a flurry of reports on jobs, retail sales and the industrial and services sectors. The numbers that roll out Thursday and Friday may determine if or how much the U.S. Federal Reserve pulls back on the asset purchases that have kept international markets flush with cash. (AP Photo/Richard Drew)

    Stocks Edge Higher After Encouraging Employment Reports

    NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery.
    The number of Americans seeking unemployment benefits dropped last week and is near the […]

  • Job seekers wait to speak to a representative for the 300 available positions at a new Target retail store in San Francisco, California August 9, 2012. REUTERS/Robert Galbraith

    U.S. Jobless Claims Fall; Four-Week Average At Pre-Recession Level

    WASHINGTON – The number of Americans filing new claims for jobless benefits fell last week to a near five-year low, a sign of economic health that could help convince the Federal Reserve to wind down a bond-buying stimulus program.

    Initial claims […]

  • FILE - In this Aug. 23, 2013, file photo, President Barack Obama greets patrons at Bingham's Family Restaurant, where he stopped to buy pie, in Lenox, Pa. Obama still calls shoring up the middle class his “No. 1 priority,” but recent events overseas and at home are overshadowing the U.S. economy as a political issue. The civil war in Syria and alleged use by Damascus of chemical weapons, political turmoil in Egypt and revelations about the extent of the National Security Agency’s surveillance programs are complicating Obama’s efforts to keep the focus on the economy.  (AP Photo/Jacquelyn Martin, File

    Economy Is Being Eclipsed As Top Campaign Issue

    WASHINGTON (AP) — President Barack Obama still calls shoring up the middle class his “No. 1 priority,” but recent events overseas and at home are overshadowing the U.S. economy as a political issue.
    The civil war in Syria and alleged use […]

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  • FILE - In this Wednesday, May 8, 2013 file photo, Jeff Caldwell, 29, right, a chassis assembly line supervisor, checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit. The U.S. economy grew at a 2.5 percent annual rate from April through June, much faster than previously estimated, according to data released Thursday, Aug. 29, 2013, by the Commerce Department. The steep revision was largely because U.S. companies exported more goods and imports declined. (AP Photo/Paul Sancya, File)

    U.S. Economy Grew At 2.5 Percent Rate In Spring

    WASHINGTON — The U.S. economy grew at a 2.5 percent annual rate from April through June, much faster than previously estimated. The steep revision was largely because U.S. companies exported more goods and imports declined.
    The Commerce Department said second-quarter growth […]

  • Traders work on the floor of the New York Stock Exchange August 21, 2013. REUTERS/Brendan McDermid

    Stock Futures Edge Lower Ahead Of Data

    Mon Aug 26, 2013 7:47am EDT (Reuters)

    NEW YORK  – Stock futures edged lower in thin volume on Monday ahead of data expected to show a drop in orders for long-lasting manufactured goods last month.
    Amgen Inc (AMGN.O) struck a deal to buy cancer drug […]

  • U.S. Budget Cuts Hitting Long-Term Unemployed Hard

    U.S. Budget Cuts Hitting Long-Term Unemployed Hard

    By Paige Gance  | Tue Aug 13, 2013 3:50pm EDT(Reuters)

    WASHINGTON – Phyllis Kennedy is facing a bleak future. U.S. government budget tightening has slashed her weekly unemployment check by more than a fifth, and her prospects of finding a job are grim […]

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  • A woman counts her U.S. dollar bills at a money changer in Jakarta June 13, 2012. REUTERS/Beawiharta/Files

    U.S. Posts $98 Billion Budget Deficit In July

    Mon Aug 12, 2013 2:24pm EDT (Reuters)
    WASHINGTON  – The United States ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a report from the Treasury showed on Monday.
    The […]

  • Gauge Of U.S. Layoffs Falls To Pre-Recession Level

    Gauge Of U.S. Layoffs Falls To Pre-Recession Level

    By Jason Lange | Thu Aug 8, 2013 10:28am EDT(Reuters)
    WASHINGTON  – A gauge of the trend in layoffs of American workers fell last week to its lowest since before the 2007-09 recession, a hopeful sign for the U.S. economy.
    The four-week average […]

  • Jobless Rate Falls in July Despite Weak Hiring

    Jobless Rate Falls in July Despite Weak Hiring

     

    Employers added fewer workers than anticipated in July even as the U.S. jobless rate dropped to 7.4 percent, indicating uneven progress in the labor market.
    The 162,000 increase in payrolls last month was the smallest in four months and followed a […]

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  • U.S. Factory, Jobless Data Point To Firming Economy

    U.S. Factory, Jobless Data Point To Firming Economy

    WASHINGTON – U.S. factory activity jumped to a two-year high in July and first-time applications for jobless benefits hit a 5-1/2-year low last week, bolstering views economic growth would accelerate in the second half of the year.
    The burst of strength […]

  • China, U.S. Companies’ Great Hope, Now A Drag

    China, U.S. Companies’ Great Hope, Now A Drag

    NEW YORK – It’s official. China’s slowdown is starting to hurt corporate America.
    As the world’s second-largest economy – and still growing – China is seen as a primary source of revenue growth by the largest U.S. companies. But a country that once […]

  • Amid staggering debts, Detroit files for Chapter 9 bankruptcy

    Amid staggering debts, Detroit files for Chapter 9 bankruptcy

    DETROIT — The City of Detroit filed Thursday afternoon for Chapter 9 bankruptcy protection in federal court, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades […]

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  • U.S. Seen Losing To China As World Leader

    U.S. Seen Losing To China As World Leader

    James T. Areddy –  The Wall Street Journal
    SHANGHAI—People in the U.S. and China view each other with increasing suspicion, and many others around the world see the U.S. losing its place to China as the leading economic and political power, […]

  • June Jobs Report: U.S. Economy Added 195,000 Jobs; Unemployment Rate Unchanged

    June Jobs Report: U.S. Economy Added 195,000 Jobs; Unemployment Rate Unchanged

    WASHINGTON  – Job growth was stronger than expected in June and the employment count for the prior two months was revised higher, showing the economy on solid ground and likely keeping the Federal Reserve on track to scale back its […]

  • Job seekers adjust their paperwork as they wait in line to attend a job fair in New York February 28, 2013.
Credit: Reuters/Lucas Jackson

    First Half Of The Year Improves, But Layoffs Rise In June

    NEW YORK – A jump in job cuts in the computer and education sectors drove an increase in layoffs at U.S. firms in June, even as the pace of downsizing in the first half of the year improved overall, a […]

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  • People enter an unemployment registry office in Mataro near Barcelona June 4, 2013. REUTERS/Gustau Nacarino

    Euro zone joblessness at record high in May, June inflation up

     
    BRUSSELS  – Euro zone unemployment was at a record high in May, but consumer prices rose in June for a second month in a row and staved off the threat of deflation in the bloc’s sickly economy.
    Consumer price inflation in […]

  • In this May 29, 2013 photo, job seeker Anu Vatal of Chicago, speaks with Patrice Tosi of BluePay, seated, during a career fair in Rolling Meadows, Ill. The government issues the May jobs report on Friday, June 7, 2013. (AP Photo/M. Spencer Green)

    May Jobs Report: U.S. Economy Adds 175,000 Jobs; Unemployment Rate Up To 7.6 Percent

     
    The U.S. economy continued to churn out low-paying jobs in June, as the weakest labor-market recovery since World War II ground sluggishly ahead.
    Employers added 175,000 jobs to nonfarm payrolls in May, the Bureau of Labor Statistics reported on Friday, up […]

  • Job seekers attend a career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011.

Credit: Reuters/Mike Segar

    Jobless claims fall, labor market gradually improving

    WASHINGTON – The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.
    Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said […]

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  • Hundreds of job seekers wait in line with their resumes to talk to recruiters (R) at the Colorado Hospital Association health care career fair in Denver April 9, 2013.

Credit: Reuters/Rick Wilking

    Companies add more jobs but growth disappoints

    NEW YORK – U.S. companies picked up the pace of hiring in May, but job growth remained sluggish and fell short of economists’ expectations as the goods-producing sector shed payrolls.
    Separate data on Wednesday pointed to the headwinds the recovering housing […]

  • Jobless claims data suggests labor market strength

    Jobless claims data suggests labor market strength

    WASHINGTON – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
    The improving job market tone is helping to prop up housing, with […]

  • The New York City Housing Authority Housing Developments on the Lower East Side (bottom C) is seen in New York, in this October 26, 2009 file photo.
Credit: Reuters/Shannon Stapleton

    Housing improvement may herald return of U.S. workforce mobility

    NEW YORK/WASHINGTON – When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly.
    It took just […]

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  • People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013.

Credit: Reuters/Shannon Stapleton

    U.S. payrolls rise more than expected, jobless rate falls

    WASHINGTON – Employment rose faster than expected in April and hiring was much stronger than previously thought in the prior two months, a sign of resilience that should help the economy bear the blow from belt-tightening in Washington.
    Nonfarm payrolls rose […]

  • People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York in this March 6, 2013 file photo.
Credit: Reuters/Shannon Stapleton/Files

    Weak job gains cast shadow on U.S. economic outlook

    By Jason Lange (Reuters) | Fri Apr 5, 2013 9:20am EDT
    WASHINGTON – American employers hired at the slowest pace in nine months in March, a sign that Washington’s austerity drive could be stealing momentum from the economy.
    The economy added […]

  • A single room is illuminated in a block of high-rise apartment buildings in the Brighton Beach neighborhood of New York, November 2, 2012.
Credit: Reuters/Lucas Jackson

    Apartment vacancy falls to lowest level since 2001

     
    The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents, according to an industry report released on Wednesday.
    The […]

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  • Bernanke: U.S. policy a plus for world, Video

    Bernanke: U.S. policy a plus for world, Video

    Mar 25 – Federal Reserve Chairman Ben Bernanke defended the central bank’s easy monetary policy- saying it’s also a boost for other countries, while New York Fed President William Dudley says not time yet to talk of exit. Bobbi Rebell […]

  • VIDEO: S&P 500 tries but fails at new record

    VIDEO: S&P 500 tries but fails at new record

    Summary of business headlines: Market euphoria over Cyprus deal is short lived; Boeing tests 787; Tobacco heat up Dollar General profits; BlackBerry z10 debut panned by Goldman; Fed officials sell low-interest strategy. Conway G. Gittens reports.

  • Cyprus bailout goes down to the wire, VIDEO

    Cyprus bailout goes down to the wire, VIDEO

    Bank workers in Cyprus threaten to strike over fears for their jobs as the government races to seal an 11th-hour bailout deal with the European Union. Sarah Charlton reports.

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  • Chicago Closing 54 Schools To Tackle Budget Deficit, VIDEO

    Chicago Closing 54 Schools To Tackle Budget Deficit, VIDEO

    Chicago Public School officials announced plans to close the underutilized schools by the end of the school year.

  • Federal Reserve Board Chairman Ben Bernanke talks during a news conference at the Federal Reserve offices in Washington, March 20, 2013. REUTERS/Jonathan Ernst

    Fed Holds Firm to Stimulus Plan Despite Brighter Economy.

    WASHINGTON  – The Federal Reserve on Wednesday pressed forward with its aggressive policy stimulus despite improvements in the U.S. economy, pointing to still-high unemployment, fiscal headwinds out of Washington and risks from abroad.

    Meeting as turmoil in Europe took another turn for […]

  • Unemployment Rate Down To 7.7

    Unemployment Rate Down To 7.7

    February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7. A. Despite constant budget fights in Washington, the U.S. economy managed one of the best months for job gains in the past year in February, driving the […]

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