The number of new U.S. unemployment claims rose sharply last week, even as retail sales gained solidly.» Read More
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
The US economy lost 95,000 jobs in September, pushing the unemployment rate to 9.6%. The small growth in the private sector, with 64,000 jobs added in September, was offset by the large cuts in government workers, down 159,000.
The Great Recession has created one of the most challenging job markets in recent history, the modern job search has changed, and job seekers are frustrated, depressed and confused. They feel down, and sometimes they feel like giving up. But it shouldn’t be that way.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
For graduating MBA students five years ago, the path may have been predictable: accept diploma, sign onto a six-figure income with a major investment banking firm, and begin 18-hour workdays.
Jobs won’t come back in the short term, until companies need to hire, Neville Isdell, former CEO and chairman of Coca-Cola, told CNBC Wednesday. But it’s a long-term employment strategy, led by education, that the US lacks and needs to address, said Isdell.
September probably offered little relief in the nation's vexing unemployment problem, setting the stage for more Fed intervention that experts give only dubious prospects for success.
But that doesn’t mean there aren’t quarters worth watching. Here are Cramer’s top picks.
In the clearest calls yet by Federal Reserve officials to pump more cash into the economy, two Fed policymakers said Friday that more action would likely be needed unless the outlook improves.
President Barack Obama's $800 billion-plus economic stimulus law may not be earning good grades with the public, but the White House claims it's on track to produce the promised 3.5 million jobs.
For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
Recent election results illustrate the old political adage: A good economy is no guarantee for election victory but a bad one more often than not brings defeat. The 2010 midterms will be no different.
Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act, the New York Times reports.
The motto for next week? Don't be greedy.
The Fed's latest policy statement Tuesday managed to disappoint, confuse and surprise more than a few Wall Street analysts.
The nation's commander in chief is a changed man, said Cramer.
President Obama told a town-hall meeting that stimulus measures his administration has taken have "worked" but said they're considering additional incentives to spur hiring.
In a trend that bodes badly for the U.S. jobs outlook, productivity in the world's biggest economy is probably not headed for a sharp slowdown, according to research from the Federal Reserve Bank of San Francisco.
The "Mad Money" host explains his plan to create jobs and reduce the deficit.