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The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.
Federal Reserve Vice Chairman Donald Kohn said Friday moderate growth should return to the U.S. economy after a period of weakness due to a prolonged housing slump and higher borrowing costs.
The prepared speech given by Federal Reserve Vice Chairman Donald Kohn on the economic outlook. The speech took place in Philadelphia on October 5, 2007.
The U.S. economy added a solid 110,000 new jobs in September and hiring in each of the two previous months was revised up significantly, the Labor Department said on Friday.
Momentum has been building toward the United Auto Workers accepting a tentative contract with General Motors, though members at some key locals backed it by narrow margins in results released Thursday.
Stocks meandered this week because investors were reluctant to make a move before the big jobs report Friday. What's the trade as the big number hits?
New York City could lose two jobs for every one cut on Wall Street, while anecdotal evidence shows that both residential and commercial markets might finally be starting to cool, a new report said on Wednesday.
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Friday's U.S. employment report is expected to show sizable job growth for September, emboldening investors. But that won't end the debate about a possible recession.
With the Dow Jones Industrial Average hovering around 14,000, the question is where the blue-chip heads next: 13,000 or 15,000?
The August jobs report spooked the market last month when it came in unexpectedly negative. That’s makes this Friday that much more important for stocks when the September jobs report rolls in. What's the trade to put on Thursday, ahead of these crucial numbers?
The economy continued to show further signs of weakness ahead of Friday's widely anticipated report on September job growth.
Stocks are striking a slightly positive tone as investors increasingly believe the credit crunch is being worked out. Tomorrow's jobs report for September remains a top focus. The U.S. dollar is barely changed against most currencies but slightly weaker against the euro and British pound after the European Central Bank and the Bank of England left rates unchanged this morning, as expected.
A bankruptcy judge on Wednesday gave Interstate Bakeries and its largest union 30 more days to either work out their differences or develop plans for the company's future, including a possible sale.
Stocks ended lower on Wednesday as strong manufacturing data released this morning offset broad declines in the tech sector. "From a technical perspective, seeing this kind of pullback is not bad, you want to see consolidation and see some base build," said Sean Brodrick, senior commodities analyst at MoneyandMarkets.com.
The U.S. private sector increased hiring at a moderate pace for a third straigth month in September, according to the ADP employment report released Wednesday.
Credit Suisse Group will cut 170 jobs in its investment banking division, or nearly 1% of the unit's employees. This comes after Morgan Stanley said it would restructure its residential mortgage business and cut about 600 employees .
Morgan Stanley said Tuesday it will restructure its residential mortgage business and cut about 600 employees in a move that "reflects current market conditions."
Pending sales of previously owned homes fell by a larger-than-expected 6.5% in August as more borrowers seeking home loans were turned away by cautious lenders, a real estate trade group said on Tuesday.
A fall in energy costs capped euro zone producer price growth in August despite a jump in non-durable goods, while unemployment stayed at record lows, data showed on Tuesday.