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Pay no attention to those 15.1 million unemployed people—Wall Street instead is more focused on the man behind the Fed curtain and what he'll be doing to fire up the equity markets.
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.
The shockingly weak jobs numbers released this morning are evidence of something I've talked about in this space: American businesses are on strike.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
As bad as Friday's anemic jobs report turned out, it's just the beginning of a further rise in unemployment that will reach double digits, Mark Zandi, chief economist at Moody's told CNBC.
America has "lost its leverage" in the world because of its dependence on the Middle East and China, said Thomas Friedman, foreign affairs columnist at The New York Times.
Rising stock values not only have benefited investors but also have played a critical role in the economic recovery, former Federal Reserve Chairman Alan Greenspan told CNBC.
It's the other U.S. debt problem. States are scrambling to close $114 billion in budget shortfalls over the next year and a half. For now, they can borrow at curiously low rates in the bond market — but they better hurry.
America may not make as many goods as it used to, but it's moving goods around at a pace not seen since before the recession.
For a vivid display of the current economic conditions, Pimco's Bill Gross harkens back to a 1981 Billy Joel song to assert that we're all living in "Allentown" now.
The RBC reported that consumer confidence rose 3.2 points from November at 45.2—the highest level since the recession began. Although the number is up, it’s still lower than the average, which is at 50.
Reports from the twelve Federal Reserve Districts indicate that the economy continued to improve, on balance, during the reporting period from early/mid-October to mid-November.
Planned job cuts for November were 28 percent higher than those reported for October, a report by global outplacement consultancy Challenger, Gray & Christmas showed Wednesday.
Legislatures around the country may have to make more spending cuts over the next couple of years because of dwindling help from the federal government and a slow recovery in tax revenue, according to a new report.
Technical analyst Charles Nenner, who sees a correlation between sunspots and the stock market and other types of activity, told CNBC Tuesday that there would be a major military conflict starting at the end of 2012 and early 2013.
Shipments of RVs, an economic indicator, for 2011 are expected to be up 8.2 percent from those this year. Currently, about 8.3 million households now own an RV.
More European countries will need bailouts until policy makers address the underlying causes of their financial problems, which include too much government debt and not enough spending controls, Pimco's Mohamed El-Erian told CNBC.
Ireland, North and South Korea, Congress and more - here's what you need to know for this week.
The Food and Drug Administration would have to step up inspections of food plants under legislation the Senate is expected to pass this week.
The world is on the brink of another financial crisis if the economic theories shaping today’s financial and public policy are not killed off, John Quiggin, author of "Zombie Economics: How Dead Ideas Still Walk Among Us," told CNBC Friday.