Economists expected nonfarm payroll growth to hit 233,000 in July, down from 288,000 in June, and unemployment to fall to 6.0 percent from 6.1 percent.» Read More
Europeans' appetite for turkeys and Christmas getaways pushed up the cost of living in the euro zone in December, but the European Central Bank expects the rate of inflation to cool this year.
As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far.
China's growth is expected to have re-accelerated to near 8 percent in the fourth quarter of last year, but there are some troubling inconsistencies in the economy, according to the China Beige Book released on Wednesday.
The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
Business inventories rose modestly in November as sales rose solidly, backing views restocking will not support economic growth in the fourth quarter.
Retail sales rose more than expected in December while wholesale prices remained low, suggesting inflation is in check.
Failure to raise the debt ceiling within a "timely" manner would see the United States' sovereign ratings put under formal review with "highly uncertain" consequences, rating agency Fitch warned U.S. policymakers Tuesday.
American credit card holders in their late 20s and early 30s have more debt than older consumers, repay it more slowly and risk dying in debt if they don't curb their spending habits.
Gloomy economic diktats and predicting the financial crisis have earned economist Nouriel Roubini the title Dr. Doom, but in his latest interview the economics professor said the United States had little to fear, despite ongoing fiscal negotiations and the looming debt ceiling.
The number of U.S. families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs.
The sting from higher taxes in your first 2013 paycheck is also going to sting the economy this year, particularly in the first quarter.
There will be a four-year struggle to rein in President Barack Obama's crazy spending, tax advocate Grover Norquist told CNBC's "Squawk on the Street" on Monday.
Obama lists lots of things will have to be cut if the debt ceiling isn't lifted. But payments on government bonds aren't one of them.
The International Longshoremen's Association and the U.S. Maritime Alliance (USMX)are racing to avert a Feb. 7th strike of 14,500 longshoremen members in 14 major East Coast ports, including hubs in New York and New Jersey.
A preview of new out-of-pocket costs and newfangled ways you'll be getting your medicine as employers get ready for Obamacare to start in earnest.
The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday.
The Federal Reserve may be frustrating Americans' efforts to restore their personal wealth and may actually slow a broader rebound in U.S. consumption, a top official at the U.S. central bank says.
The U.S. trade deficit unexpectedly grew in November, a drag on economic growth, although the gap's widening was driven by a surge in consumer goods imports, which gives a positive signal for consumer spending.
British industrial output grew less than expected in November, despite a strong rebound in oil and gas production, adding to evidence that the economy may have contracted in the last three months of 2012.
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