CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.» Read More
Treasury Secretary Paulson said the Bush administration is trying to minimize the impact of a housing downturn rather than rush new stimulus measures.
A worse-than-expected report on December job growth fueled worries about a U.S. recession but also heightened speculation of more interest-rate cuts.
The poor jobs report is causing a rethinking of stock models, which are weighted toward certain sectors based on earnings expectations. Up until recently, many large traders were overweight tech, industrials and materials stocks on two assumptions.
As I stood outside the Labor Department this morning, fighting to speak through the freezing temps, and cursing the reporter who usually covers that beat but who is busy freezing himself in New Hampshire today, I couldn’t help but think that the numbers played out before me had to be wrong. I know, I know, how can a government report be wrong?? .
Stocks ended the first week of the new year with steep losses as Friday's weak employment report spurred fears of a looming recession.
The markets will quickly move from the debacle of the jobs report to earnings, and here the picture is a bit precarious as well. Fourth quarter earnings estimates have been coming down fast. We're expecting earnings for the S&P 500 as a whole to be down 9.5 percent (estimates from Thomson).
Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
The Federal Reserve announced Friday that it is increasing the amount of money available to banks through a new auction process, one of the main ways it is combatting a severe credit squeeze. The Fed again pledged to continue with the auctions "for as long as necessary."
Today's nasty jobs report has Wall Street buzzing again about the possibility of a recession, since jobs are viewed as a lagging indicator. The unemployment rate jumped to 5 percent from 4.7 percent in November.
The drag on the U.S. economy from a deep housing slump should ease by mid-year, paving the way for stronger economic growth, a top White House adviser told CNBC.
The odds of future interest rate cuts increased Friday after the release of weaker-than-expected December jobs data.
The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S. economy grow.
Jobs data is the big ticket item for Friday's markets after Thursday's mostly sideways move in stocks.
Worries about inflation may limit any monetary easing by the Federal Reserve, even though credit crunch and a slower economy have investors expecting aggressive interest rate cuts, The Wall Street Journal said on Friday.
President Bush said he was considering the possibility of offering a fiscal stimulus package to help boost the economy but said he has not made a decision yet.
New orders at U.S. factories surged a bigger-than-expected 1.5 percent in November on a bigrise in orders for nondurable goods, a government report showed on Wednesday.
As investors await Friday's December job report, several studies out Thursday show a mixed picture on employment.
The text of the minutes released January 2, 2008 from a Federal Open Market Committee meeting held on December 11. 2007.
Fed members worried last month that a credit crunch could sharply brake economic growth and require big rate cuts, minutes of the December meeting show.
U.S. factory activity contracted in December, ending 10 consecutive months of expansion, with activity falling to its weakest since April 2003, according to an industry report released Wednesday.