In the new proposal presented to a conference committee of Senate and House members, employers with fewer than 100 employees— most employers in the state— would not have to pay $10 an hour until 2019, phasing in the increase over five years. Clayton Hee, chairman of the Senate contingent of the conference committee.» Read More
Business coach and author John McKee suggests that this Valentine’s Day, maybe you should show some love not just to the love of your life, but also to the boss. His “quiz” helps uncover if you are the boss’s “pet—or just pet peeve.” Real Jane and Fake Jane both took the quiz. Now you can, too!
In remarks to an audience in Honolulu, Yellen said that an extended spell of slow growth as the most likely outcome, but she later told reporters that a recession was within the range of normal forecasting error.
The U.S. economy showed further signs of slowing, particularly with Thursday's report that the jobless ranks continued to swell last week
Jobless claims fell by 22,000 last week, but the number of workers remaining on jobless aid rose to its highest in more than two years.
The Fed must remain vigilant against rising inflation pressure this year even as the U.S. economy slows sharply, Philadelphia Fed President Charles Plosser said.
The most likely path for the US economy is sluggish growth for at least half a year before a gradual recovery begins, Richmond Federal Reserve Bank President Jeffrey Lacker said.
If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?
New orders at U.S. factories rose a less-than-expected 2.3 percent in December, the steepestgain since July, on strong aircraft sales, a government report showed.
The labor market may be weak, but that doesn't necessarily mean the US economy is in recession or on the verge of one.
The U.S. manufacturing sector staged a surprise recovery, while consumer sentiment improved in January, but construction spending in the U.S. fell for the third month in a row, reflecting continued weakness in the housing sector.
U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank.
Today's payroll numbers are in and this is the first month since August 2003 that the economy shed jobs instead of adding. Total non-farm payrolls fell by 17,000. On the flip side, December's meek increase was revised up from 18,000 to 82,000. So what is the underlying trend?
The first nonfarm payroll report of the year could bring some relief to the market if payrolls rise as expected. But seasonal factors bringing more volatility than usual make the report particularly hard to handicap.
Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
After stocks decline following a hefty half-point cut, what more can the Fed chief do?
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.