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Health-care and consumer-services jobs will lead a slow jobs recovery this year, but overall employment will be kept in check by declines in local government and construction jobs, economists say.
As workers struggle to find jobs and US regulation becomes more aggressive, the economic recovery will defy trends and make choices harder for investors, Pimco's Bill Gross told CNBC.
There are so many opinions why the economy isn’t creating jobs in this recovery that impatience may be on the verge of exasperation.
Although many retailers turned in rosier monthly same-store sales reports in January than expected, the stocks are showing it is far too soon to declare the worst over for the retail sector.
The US economy, led by a surge in corporate spending on equipment, has moved into the second phase of the recovery and will soon lead to job growth, John Chambers, CEO of Cisco, told CNBC Thursday.
Whiel Wall Street profits have rebounded to record levels, the Street is not showing signs yet of a real employment recovery.
Private-sector jobs fell by 22,000 in January, the smallest loss since employment began dropping in 2008 and even better than expectations, according to the ADP National Employment Report.
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
As costly as President Barack Obama's proposals to revive the economy are, they pale in comparison to the impact the recession has had on the federal budget and its astonishingly huge deficits.
While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
From more than 160,000 reports, the Recovery Board reported late Saturday that from October through December, 599,108 jobs had been directly created by stimulus money.
The following is a statement from the Federal Reserve following its Jan. 26-27 meeting.
As the vote on Ben Bernanke's reconfirmation nears, two congressmen and two senators offered their insights on the Fed chief's performance on CNBC Monday.
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.