The Philly Fed president is the latest central banker to suggest that weakness in the labor market is only temporary.» Read More
Americans see a better-than-even chance their stock portfolios will lose value this year, and their outlook for equities is the weakest in five years.
The unemployment rate jumped by the most in 22 years in May, reaching its highest level in more than 3-1/2 years and underscoring the recessionary risk the economy still faces.
The latest overall job loss numbers showed a loss of 49,000 jobs in May and a jump in unemployment rate up to 5.5%. The drop is still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
A crucial jobs report Friday will shed new light on the fate of our fragile economy. What should you expect?
The U.S. economy likely shed jobs for the fifth straight month in May as flagging consumer confidence and the worst housing bust in generations discouraged hiring.
The number of laid-off workers filing claims for unemployment benefits showed an unexpected improvement last week although a key indicator of unemployment hit a four-year high.
Investors wary about the recent volatility in the market should focus on stocks that pay dividends, according to David Costa, dean of Robert Kennedy College in Zurich.
The United States will not experience a protracted period of economic weakness like Japan did in the 1990s, but the U.S. financial system is hurt by a lack of clear information about banks, Atlanta Federal Reserve Bank President Dennis Lockhart said Wednesday.
U.S. data is pointing to an economy that is still chugging along, albeit slowly, yet consumers are behaving as if the country is in the throes of the deepest downturn in decades.
U.S. private-sector employers added 40,000 jobs in May, according to a private report on Wednesday by ADP Employer Services that defied Wall Street's expectations of a fall.
U.S. mortgage applications fell for a third consecutive week, reaching its lowest level in over six years as demand for home refinancing loans plunged, an industry group said Wednesday.
Cash-strapped Americans are ringing up more purchases on their credit and debit cards, but there could be a steep price to pay ahead.
In Friday’s Web Extra find out how the traders are playing Williams-Sonoma, Wal-Mart and the jobs report in the week ahead.
If so, it could spark a marketwide rally, Cramer says.
Many Americans allowed themselves to fantasize about large-screen TVs, European vacations and other luxuries when they learned of the federal rebates they'd be getting this spring and early summer.
New York City's financial sector might only slice 15,000 to 25,000 jobs in the current downturn, which could prove shorter than the mayor has predicted, the city comptroller said on Thursday.
Planning for parenthood is a busy – if joyful – affair. Amid the whirlwind of activity, moms-- and dads-to-be often overlook one of the most important steps of parenthood -- getting your legal and financial house in order.
Since financial issues are one of the leading causes of marital strife, it helps to think of the relationship as a merger and not an acquisitiion.
The US economy grew at an upwardly revised 0.9% in the first quarter, slightly better than previously thought, the Commerce Department said.
With gas prices at record highs across the country, some employers are implementing measures to help their employees ease the cost of driving to work.