WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...» Read More
Democrats in Congress are gearing up to pass a second election-year economic stimulus package, but unlike the $152 billion measure that passed in February, they are not counting on getting the support of President Bush.
Retail giant Wal-Mart Stores may set up a back-office center in India's technology hub of Bangalore to cater to its multiple functions across the world, the Economic Times said on Friday, citing unidentified sources.
The U.S. labor market declined in May to the weakest in three-and-a-half years and is likely to deteriorate further, the Conference Board said as it launched a new leading indicator for employment.
Fasten your seatbelt, it could be a wild ride on Wall Street again this week as investors lick their wounds from Friday's market mayhem and brace for a key inflation report.
The latest overall job loss numbers showed a loss of 49,000 jobs in May and a jump in unemployment rate up to 5.5%. The drop is 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.
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.