CARSON CITY, Nev.— Nevada's jobless rate held steady in March at 8.5 percent, the same as the month before, the Nevada Department of Employment, Training and Rehabilitation reported Friday.» Read More
The first batch of U.S. taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week said they plan to spend them on anything other than necessities.
The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.
US businesses cut back sharply on worker hours during the first three months of this year as the economy slowed, driving up productivity to a higher-than-expected 2.2 percent annual pace.
U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.
U.S. manufacturing will see only "marginal" growth this year, according to an industry survey released Tuesday highlighting the difficulties facing the U.S. economy.
Martin Feldstein, head of the National Bureau of Economic Research, told CNBC: "the odds are we will slide into a recession."
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Tuesday.
Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible
Is the commodity play back? Energy and materials stocks were the sole leaders today. Oil hit new highs, as did gasoline. The dollar faltered, along with financials. Airlines were down big. Sounds like March!
President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.
Stocks closed mixed as profit-taking, oil's resurgence and downgrades on Sun put a lid on the post-jobs report rally.
Stocks pulled back after rallying on better-than-expected April jobs report.
Fewer U.S. jobs were lost in April than economists feared and the unemployment rate unexpectedly improved...
I want to talk about a huge number: 457,000. That’s the number of construction jobs that have been lost since the sector peaked in September of 2006. What’s interesting to me about this number is that at the beginning of the downturn in housing we didn’t see a huge drop in construction jobs, primarily because workers moved from residential into commercial.
Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.
Fewer U.S. jobs were lost in April than economists feared and the unemployment rate improved, raising hopes an economic downturn was not gathering steam.
UBS shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim.
New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.
Stock index futures hovered around the unchanged mark Friday as investors waited for the latest employment numbers.
The latest overall job loss numbers are much better than economists expected and 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.