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Employment

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  • ADP Shows Private Sector Jobs Declined in February Wednesday, 5 Mar 2008 | 7:41 AM ET

    U.S. private employers cut 23,000 jobs in February, a report by a private employment service said on Wednesday.

  • TEXT: Bernanke's Speech Tuesday, 4 Mar 2008 | 9:19 AM ET

    The text of a speech by Federal Reserve Chairman Ben Bernanke on Reducing Preventable Mortgage Foreclosures given on March 4, 2008 in Orlando, Florida.

  • Adecco's Profit Drops Less than Expected Tuesday, 4 Mar 2008 | 7:02 AM ET

    Recruitment firm Adecco's fourth-quarter net profit fell 29 percent but the decline was less than analysts' expectations, and the Swiss-based staffing company said it sees good growth rates in Europe.

  • Here's one big difference between Boeing and Northrop Grumman: PR. Going into the long-anticipated tanker decision Friday, the Boeing team was in hourly contact with us, preparing for post-decision interviews. They've been in regular contact with me since last summer. Heck, they even sent me KC-767 playing cards!

  • Factory Activity, Construction Both Show Declines Monday, 3 Mar 2008 | 1:40 PM ET
    Auto assembly line

    U.S. manufacturing slumped to its weakest in nearly five years in February, reinforcing worries the world's largest economy is headed for recession, while a fall U.S. construction spending in January added to the gloom.

  • The combined punch of subprime mortgage defaults and heavy debt remains the biggest risk to the health of the U.S. economy, a panel of business economists said Monday.

  • Paulson Slams Mortgage Relief Plans Friday, 29 Feb 2008 | 1:45 PM ET
    United States Treasury Secretary Henry Paulson

    Plans for sweeping federal programs that would aid troubled mortgage borrowers would bring unfair relief to speculators and reward investors who made bad bets, U.S. Treasury Secretary Henry Paulson said Thursday.

  • Subprime Crisis Takes Huge Toll on Economy: Study Friday, 29 Feb 2008 | 11:53 AM ET

    Subprime mortgage delinquencies and the credit crunch will trigger $400 billion in losses to the U.S. financial system and knock 1.3 percentage points from growth in 2008, according to a paper released Friday by four leading economists.

  • Happy Friday: News About Economy Just Gets Worse Friday, 29 Feb 2008 | 11:26 AM ET

    As if investors didn't have enough to worry about, Friday's batch of economic numbers shows more signs of recession as well as its evil twin--inflation.

  • Consumer Sentiment Drops to 16-Year Low in February Friday, 29 Feb 2008 | 10:03 AM ET

    U.S. consumer sentiment dropped to a 16-year low in February, hitting levels thatusually sound the alarm bells of recession, on worries about declining incomes and rising unemployment, a survey showed Friday.

  • Midwest Manufacturing Shrank Sharply in February Friday, 29 Feb 2008 | 9:52 AM ET

    U.S. Midwest business activity contracted sharply in February in a report Friday showingeven the areas of the country least affected by the boom-bust housing cycle are feeling ripples from the crisis.

  • January Income, Spending Rise, But So Does Inflation Friday, 29 Feb 2008 | 8:39 AM ET
    Cash Register

    U.S. personal income and personal spending in January rose more than expected, but inflation ate up a bigger portion of these as a key price index also rose, a government report showed on Friday.

  • Chances of Aggressive Fed Cut in March Jump Friday, 29 Feb 2008 | 8:23 AM ET

    The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.

  • California Suburb Vallejo Faces Bankruptcy Thursday, 28 Feb 2008 | 11:37 AM ET

    A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.

  • Fed Chairman: Some Small US Banks May Go Under Thursday, 28 Feb 2008 | 11:26 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed Chairman Bernanke said some small U.S. banks might go under during the current housing market problems, but the U.S. bank system overall remained solid.

  • US Distressed Debt Level Highest Since 2003: S&P Thursday, 28 Feb 2008 | 10:58 AM ET

    The portion of U.S. junk bonds trading at distressed levels rose to 16.9 percent in February, up from 11.1 percent in January in a sign that defaults are headed higher, Standard & Poor's said on Wednesday.

  • Economy Still Shows Little Growth, Housing Worsens Thursday, 28 Feb 2008 | 10:11 AM ET

    US economic growth in the fourth quarter was unrevised at an annual pace of 0.6 percent, slowed by a collapse in spending on new homes and a slump in inventories.

  • Bernanke Signals Rate Cut, Gives Sluggish Outlook Wednesday, 27 Feb 2008 | 12:40 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed Chairman Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal that interest rates will again be lowered.

  • Mortgage Applications Fall to Lowest Level This Year Wednesday, 27 Feb 2008 | 11:25 AM ET

    Applications for U.S. home mortgages plunged to their lowest level this year, as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday.

  • Durable Goods Suffer Deeper Drop Than Expected Wednesday, 27 Feb 2008 | 11:18 AM ET

    New orders for long-lasting US-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected.