The economy added 173,000 jobs in August, lower than expected, while the unemployment rate fell to 5.1 percent.» Read More
The U.S. Labor Department said Friday that the unemployment rate dropped to 5.1 percent in August, but does that rate tell the real story?
If countries don't tackle the problems of fiscal policy, monetary policy will be become irrelevant, former Fed Chairman Alan Greenspan says.
The Labor Department will report the latest data on hiring and the unemployment rate in August. Here is what to watch for.
New applications for unemployment benefits rose more than expected, but the underlying trend remained consistent with a strengthening market.
The Commerce Department said on Thursday the trade gap narrowed 7.4 percent to $41.9 billion.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong, the NYT reports.
Recent market volatility should not give the Federal Reserve pause in raising interest rates, Richard Fisher said.
Job cuts announced by U.S.-based companies plummeted by 61 percent after rising to a four-year high the previous month.
The U.S. economy is being pulled in opposite directions by two factors, Pimco's Joachim Fels said.
U.S. nonfarm productivity increased at its strongest pace in 1-1/2 years in the second quarter, keeping wage inflation subdued for now.
Bill Gross said the Fed may have missed its window of opportunity to hike rates and normalizing now could create "self-inflicted instability."
Companies added 190,000 jobs to close out the summer, better than July's downward-revised 177,000 but below anticipation for 201,000 new positions.
New orders for U.S. factory goods rose for a second straight month in July on strong demand for automobiles.
Still, franchise employment growth was still above that of the overall labor market, said ADP's Ahu Yildirmaz.
The pace of growth in the U.S. manufacturing sector slowed in August to its weakest in over two years, according to a report released on Tuesday.
U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.
The Fed should get ahead of the fiscal policy risks and increase interest rates in September, former Obama budget director Peter Orszag says.
Activity in the U.S. Midwest declined modestly and fell just short of expectations, but showed expansion in the region for the second straight month.
Imagine what would happen if the Fed raised rates—and they dropped even lower, instead.
Monday’s global market rout, set to continue throughout trading, has caused consternation and panic, with most asset classes falling.