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Employment

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  • Jobless Claims Fell Last Week But Remain High Thursday, 6 Mar 2008 | 10:16 AM ET

    Fewer workers applied for unemployment benefits last week, but the number remaining on jobless aid stood at the highest level in nearly two and a half years.

  • Foreclosures Hit a Record; Pending Home Sales Steady Thursday, 6 Mar 2008 | 10:08 AM ET

    U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the fourth quarter. Pending sales of previously owned homes were unchanged in January.

  • Fed Must Act to Stem Crisis, Pianalto Says Wednesday, 5 Mar 2008 | 8:39 PM ET
    Federal Reserve

    The global credit crisis creates big downside risks to an already softening economy that require bold action from the U.S. central bank, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.

  • Beige Book: Economy Broadly Slower in Early 2008 Wednesday, 5 Mar 2008 | 2:16 PM ET

    Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday.

  • TEXT: Beige Book Wednesday, 5 Mar 2008 | 2:09 PM ET

    The full text of the Beige Book released by the Federal Reserve on March 5, 2008 and based on information collected on or before February 25, 2008.

  • Services Economy Shrinks, But by Less Than Forecast Wednesday, 5 Mar 2008 | 8:42 AM ET

    The services sector contracted in February, though not as badly as economists had expected, while factory orders fell in line with forecasts.

  • 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.