SINTRA, Portugal— What's behind Europe's sluggish recovery and high jobless rate? The European Central Bank convened some of the world's most prominent economists Thursday through Saturday to probe those questions at the Penha Longa golf resort set amid steep, densely forested hills near the town of Sintra, Portugal, near the Atlantic Ocean.» Read More
If the jobs report and other data confirm the past week's decent numbers and if oil doesn't throw a wrench in the works, stocks could start June on a strong note.
Recent economic news hasn’t exactly been great, but it is starting to look like the economy has stabilized.
The latest overall job loss numbers are much better than economists expected and still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The data show that this spike in oil and gasoline prices is going to hurt consumers more than it has so far.
While an increase, the latest overall job loss numbers are still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The nation's unemployment report has traditionally been considered the barometer of the economy. Many analysts think it's no longer the best gauge.
Stocks closed higher as investors appeared more enthused about Microsoft's bid for Yahoo! than they were concerned about the latest signs of economic weakness. The three major indexes each gained about 3-4 percent for the week, but the market still has a way to go to recover from January's rout.
Today's payroll numbers are in and this is the first month since August 2003 that the economy shed jobs instead of adding. Total non-farm payrolls fell by 17,000. On the flip side, December's meek increase was revised up from 18,000 to 82,000. So what is the underlying trend?
Don Gimbel, International CIO at Geneva Investment Management of Chicago explains how politics in Washington has directly impacted hiring in corporate America and why this is detrimental to the stock market.