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Unemployment rose in most states in December, reversing the recent improvement in many parts of the US, according to government data Friday.
US efforts to clamp down on big banks are likely the first in a line of global moves to curb risk-taking in the financial sector, Pimco's Mohamed El-Erian said.
President Obama has begun focusing greater attention on the nation's angst and anger over the economy, including unemployment, government expansion, Wall Street excesses and federal deficits.
In the new regime, the Fed Funds rate is unlikely to be the most important tool for setting policy.
Financial markets have failed to price in the remaining problems that bedevil an economic recovery, Pimco's Mohamed El-Erian told CNBC.
The S&P's downgrade of California's debt rating is a wakeup call to the state legislature, David Crane, special adviser for jobs and economic growth to Governor Arnold Schwarzenegger told CNBC on Thursday.
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
Foreclosures jumped 14 percent in December 2009 from the previous month, according to a new report from foreclosure listing Web site RealtyTrac.com.
Government news on employment is more about spin than actual substance, Lawrence Lindsey, former director of the National Economic Council and CEO of the Lindsey Group told CNBC on Wednesday.
US GDP would have been negative at the end of 2009 and unemployment would be well over the current 10-percent, if not for the $787 billion Recovery Act, according to the Council of Economic Advisors.
Financial stocks could feel the heat when several major bank CEOs testify before a government commission investigating the financial crisis. Google will also be in focus after it said that it may exit China.
A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.
The first major fourth quarter earnings report was a swing and a miss. But analysts say it's still too early to dismiss the upcoming earnings season, and expect decent topline growth from report cards.
Stocks swung higher into the new year and could continue an upward drift as the fourth-quarter earnings season gets going.
Friday's jobs report is the first big economic report of the new year and as such, it heralds what could be the first really big trading day of the year.
The likelihood of a double-dip recession is diminishing, and the economy is expected to exhibit sustained yet not “spectacular” growth, Frederic Mishkin, former Federal Reserve Board governor and professor at the Columbia Business School told CNBC on Thursday.
The economic situation might look brighter in another city, but career experts advise exhausting all options in your current city before considering moving.
The labor market in the United States is improving and the economy is close to the point when the unemployment rate will start to fall, a top U.S. Federal Reserve official said.
Retailers on Thursday will report December sales results, taking the wraps off their holiday season and possibly showing the best comparisons in 20 months.
The Federal Reserve likely won't raise short-term interest until 2011 because economic growth and inflation remain weak, Pimco's Bill Gross told CNBC.