BEIJING, April 24- China's urban unemployment rate ticked down to 4.05 percent at the end of March from 4.1 percent at the end of 2014, the labour ministry said on Friday. The urban unemployment rate hovered between 4 percent and 4.5 percent in the last decade, even during the global financial crisis, partly because it does not account for China's 298 million...» Read More
Apple proved once more its iProducts make for a powerful earnings machine, but that may not add much juice to tech shares Wednesday.
Millions of people stuck on the jobless rolls would receive an extension of unemployment benefits averaging $309 a week under a Senate bill that appears set to break free of a Republican filibuster.
IBM's disappointing second quarter results will compete with a barrage of corporate earnings reports ahead of Tuesday's opening bell.
Earnings releases from J.P. Morgan and Google book end the trading day Thursday and could provide some more juice to the market's earnings rally.
Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy takes a turn for the worst.
The Treasury Department says businesses have added 4.5 million workers under a new program that provides tax breaks for hiring unemployed workers.
Second quarter earnings season is likely to create a positive backdrop for stocks, at least temporarily.
Shopping for any excuse to rally, stock traders found it in chain stores' sales, and those reports may provide a clue to the earnings season.
Some traders were encouraged by Wall Street's gains but also cautious that the third up move in a 12-day stretch was the result of an oversold bounce that could quickly evaporate in the next volatile session
The latest overall job loss numbers showed a loss of 125,000 jobs in June and an unemployment rate falling to 9.5% from 9.7% in May. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The June jobs report Friday could provide more fuel for bears, even as economists hold onto the view that the economy is not double-dipping.
Markets are looking ahead to Friday's June employment report, and there is little optimism the number will show anything more than a slight gain.
Friday's jobs data looms as the first major economic report of the year's second half, which promises to challenge markets with slower economic growth.
Why one money manager thinks a reduction in jobless claims will send the markets to new highs.
Stocks turned sharply lower on Wednesday following reports that showed new home sales hit a record low last month. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Deflation is the economy's version of a vicious cycle. As prices fall, so do wages and profits. Demand, consumption and production also fall. Jobs are cut. Consumers put off purchases . The negative forces feed off of each other.
The latest overall job loss numbers showed a gain of 431,000 jobs in May and an unemployment rate falling to 9.7% from 9.9% in April. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
“There's nothing by way of wage growth," says Dean Baler, co-director of the Center for Economic and Policy Research. “Workers aren't in a position to be choosy.”
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
Investors should "avoid financials at all costs, particularly in the banking sector" because the financial reform bill will restrict credit and hurt earnings, Meredith Whitney told CNBC.