OLYMPIA, Wash.-- State officials say that an estimated 25,000 unemployed workers in Washington state will lose their benefits at the end of the month.» Read More
Personal incomes and core consumer prices increased slowly in September, but the number of U.S. workers filing new claims for jobless aid fell by a more-than-expected 6,000 last week.
The number of U.S. workers filing new claims for jobless aid fell by a more-than-expected 6,000 last week, government data on Thursday showed, while the four-week moving average of claims edged up to a six-month high.
Planned U.S. layoffs fell 12 percent in October on a reduction in the number of announced firings in the financial and housing-related sectors, an independent report showed Wednesday.
The Federal Reserve, moving to head off the threat of a recession, cut two key interest rates by a quarter-point but signaled that it may be done easing rates for now.
The U.S. economy grew at a surprisingly brisk clip in the third quarter as both consumer spending and exports showed strength despite a battered housing sector.
The statement released by the Federal Open Market Committee after its October 30 & 31 meeting on interest rate policy.
The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.
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A surge in euro zone inflation in October beat all expectations, data showed, raising the odds for a rise in European Central Bank interest rates despite weakening sentiment and sending the euro up against the dollar.
Fed policy-makers began meeting as financial markets continued to bet that the central bank will cut interest rates to shore up the faltering housing and credit markets.
Europe's major indexes closed lower Tuesday as investors remained cautious in the run up to Wednesday's Federal Reserve decision and in the wake of a generally disappointing batch of major earnings reports.
U.S. consumer confidence declined for the third month in a row in October to its lowest level in two years on growing concerns about weakening business conditions and the impact that could have on the job market.
The number of jobless in Germany dipped below 3.5 million in October, a 12-year low as companies increasingly hired workers to meet demand for orders from toys to tires.
The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
The Federal Reserve is expected to lower interest rates again this week as insurance against the threat that declining home prices and higher borrowing costs will push the economy into recession.
A Federal Reserve interest rate cut this week is no sure thing and officials are not seriously considering a half-point reduction in overnight rates, the Wall Street Journal reported on Tuesday without citing sources.
Markets are coming up against some serious headwinds. We are seeing: --Large number of new offerings coming this week ($8-$10 billion), which will compete with the existing market. --There's been an unusually large number of cancellation of new cash takeovers (over $40 billion)--remember arbs who bought the deals have to sell when they don’t go through, putting pressure on the market.
U.S. banks and financial service companies with banking operations are cutting tens of thousands of jobs.
Orders for big-ticket manufactured goods unexpectedly fell again in September, raising new worries about how much harm a severe housing slump and credit crunch are causing the overall economy.
Haven't had much time to blog as I'm out here covering the California wildfires. Wish I could tell you all I've seen but here's at least one slice. For all the problems people sometimes have with their insurance companies, here in Southern California, right now those agents are heroes.