Previewing tomorrow's employment report, with Diane Swonk, Mesirow Financial, and CNBC's Steve Liesman.» Read More
U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.
Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.
*Fed cuts monthly bond buying by $10 billion. WASHINGTON, July 30- The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 17-18:. Now: The Fed sees a better job market, but has added new qualifications: "Labor market conditions improved, with the unemployment rate declining further.
WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting:. Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further.
RPT-FED SAYS UNEMPLOYMENT RATE DECLINED BUT A RANGE OF LABOR MARKET INDICATORS SUGGEST SIGNIFICANT UNDERUTILIZATION OF LABOR RESOURCES.
WASHINGTON, July 30- U.S. economic growth was far stronger than previously estimated in the second half of 2013, which could help to explain a sharp drop in the unemployment rate during the period.
U.S. economic growth accelerated more than expected in the second quarter, which may bolster views for the remainder of the year.
CNBC's Steve Liesman and Mark Zandy, Moody's Analytics, check out the monthly employment numbers. We are on track to full employment by late 2016, predicts Zandy.
Consumers grew more confident about the economy in July, The Conference Board reported on Tuesday, as expectations built for the recovery.
TOKYO, July 29- The availability of jobs in Japan rose to the highest in 22 years, in an encouraging sign that a tighter labour market will boost wages and support consumer spending. However, the seasonally adjusted unemployment rate, released by the Ministry of Internal Affairs and Communications, rose to 3.7 percent from 3.5 percent in the previous month.
Discussing U.S. GDP expectations, with Michael Cuggino, Permanent Portfolio Funds, and Kevin Mahn, Hennion & Walsh Asset Management.
CNBC's Steve Liesman reports expectations from the Fed's monetary policy announcement and economic outlook.
A look at some of the facts about Ohio jobs and the politics behind the debate:. Ohio's nonfarm employment was more than 5.3 million in June. Ohio's unemployment rate has fallen steadily since 2010, from 10.6 percent in January 2010 to 5.5 percent in May and June, the lowest rate since before the recession.
Orders for big-ticket U.S. manufactured goods rose strongly in June, a sign of increased business spending and better growth.
The risk of losing your job is getting smaller and smaller.
In an exclusive CNBC interview, President Obama took aim at tax inversions. Watch the interview here.
LANSING, Mich.— Michigan authorities say the state experienced a typical seasonal increase in unemployment in the latest month. The department says June's unemployment rates ranged from a low of 5.7 percent in the Ann Arbor and Grand Rapids regions to a high of 9.2 percent in populous metropolitan Detroit.
If this turning point comes, the U.S. may soon see the fortunes of middle- and lower-class workers rising.
New U.S. single-family homes sales fell sharply in June, suggesting the housing market would struggle to regain momentum.