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Employment

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  • U.S. Household Incomes Rose Last Year Wednesday, 29 Aug 2007 | 1:28 PM ET

    1st paragraph of story should go here

  • Fed Reluctant to Cut Rates, Latest Minutes Show Tuesday, 28 Aug 2007 | 4:57 PM ET
    Ben Bernanke

    Fed policymakers in early August acknowledged they might have to  ease a growing credit crunch but hoped for "more normal market conditions" without intervention.

  • Consumer Confidence Falls To Lowest Level in a Year Tuesday, 28 Aug 2007 | 10:30 AM ET

    U.S. consumer confidence deteriorated in August to its lowest in a year on concerns about a softening labor market and market turmoil stemming from the subprime mortgage crisis, a business research group said on Tuesday.

  • Small Businesses Less Upbeat on Economy: Poll Monday, 27 Aug 2007 | 9:05 AM ET

    Economic confidence among U.S. small business owners fell in August as a slowing housing market soured sentiment, and 41 percent said they had recent cash flow troubles, according to a survey released Monday.

  • The risk of massive defaults on subprime mortgages and heavy debts now poses a bigger threat to U.S. economic prosperity than terrorism, a panel of U.S. business economists said on Monday.

  • Construction Jobs Likely to Decline Further Sunday, 26 Aug 2007 | 3:29 PM ET

    Job losses in the U.S. construction sector could top one million if a housing downturntips the economy into recession and tighter access to credit dampens business investment.Strength in nonresidential construction may continue to offset a downturn in housing for now, but recent turmoil in credit markets suggests job losses may accelerate in the sectorin the next few months.

  • Job Market May Be Dreaming of a Bleak Christmas Friday, 24 Aug 2007 | 12:31 PM ET

    Subprime-battered mortgage lenders are shutting down, fewer homes are being built, and even some of the big U.S. retailers are planning conservatively for Christmas holiday sales.

  • New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September, and a business investment gauge posted the first gain in three months, a Commerce Department report showed on Friday.

  • The number of U.S. workers filing new claims for jobless aid fell 2,000 last week, government data Thursday showed, while the number of people still collecting benefits rose to its highest since April.

  • The deepening housing slump has caused an alarming surge in job losses at financial services companies, and the end is nowhere in sight, consulting firm Challenger, Gray & Christmas said on Tuesday.

  • Virgin Media CEO Steve Burch Resigns Tuesday, 21 Aug 2007 | 9:40 AM ET

    Virgin Media said Tuesday that Chief Executive Officer Steve Burch has resigned. Virgin said that it will begin a search for Burch's replacement shortly and Neil  Berkett, the company's chief operating officer, will assume the role of Acting CEO in the interim.

  • Two key indicators in the struggling U.S. home construction sector fell to 10-year lows in July and the number of U.S. workers seeking jobless benefits rose, government reports said Thursday.

  • Amgen Shares Hit 52-Week Low After Layoff Announcement Thursday, 16 Aug 2007 | 12:36 PM ET

    Amgen shares plunged to a 52-week low on Thursday in the wake of the biotechnology firm’s announcement that it will lay off more than 2,000 and as many as 2,600 employees--or 12 percent to 14 percent of its labor force.

  • More credit problems surfaced in the financial sector on Tuesday, battering stocks and fueling worries that things will get worse before they get better.  "The market is still jittery," said Stephen Porpora, managing floor broker with William O'Neil. "Everybody's looking for the next shoe to drop in this subprime problem."

  • Oil Climbs Back Above $72 as Tropical Storm Develops Tuesday, 14 Aug 2007 | 3:59 PM ET

    Oil prices rose on Tuesday as concerns about a newly formed tropical storm in the Atlantic countered fresh troubles in credit markets.

  • Euro Falls on Credit Worries; Dollar Gains on Data Tuesday, 14 Aug 2007 | 11:47 AM ET

    The euro touched a six-week low against a broadly firmer dollar Tuesday as investors shunned the single currency on renewed concerns European banks may face losses related to the U.S. subprime mortgage market.

  • Euro Falls vs. Dollar, Yen after ECB Funds Injection Monday, 13 Aug 2007 | 2:12 PM ET

    The euro fell Monday, after the European Central Bank injected cash into the banking system for a third straight day, reminding investors that Europe was not immune from credit problems originating in the United States.

  • Yen Edges Lower as Fed Injections Ease Credit Fears Friday, 10 Aug 2007 | 5:47 PM ET

    The yen drifted lower against the dollar and euro in volatile trading after the Federal Reserve injected cash into the banking system for a third time on Friday, underpinning U.S. stocks and soothing nervous financial markets.

  • Roel C. Campos to Leave the SEC Next Month Friday, 10 Aug 2007 | 3:41 AM ET

    Roel C. Campos, a member of the Securities and Exchange Commission, announced Thursday that he will leave the agency next month, about three years before his second term expires.

  • Weekly Jobless Claims Rise, but Lower than a Year Ago Thursday, 9 Aug 2007 | 10:51 AM ET

    The number of U.S. workers applying for jobless benefits rose by 7,000 last week to a level slightly higher than expected but still underscoring steady labor market conditions, government data on Thursday showed.