A new study shows real wages for manufacturing workers declined three times as much as for workers as a whole.» Read More
Job growth was less than expected in August as the U.S. economy added 169,000 positions, raising questions over whether the Federal Reserve will begin a pullback on its historically easy monetary policy.
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The pace of growth in the services sector accelerated to its fastest pace in almost eight years. A separate report showed that new orders for US factory goods dropped in July.
The private sector added 176,000 jobs in August while weekly jobless claims continued their decline, indicative of slow but steady gains.
Labor costs were flat in the second quarter, a sign of minimal inflationary pressures in the U.S. economy.
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The U.S. trade deficit widened slightly more than expected in July as exports dipped, but a rebound in imports pointed to some firming in underlying demand.
Applications for U.S. home loans rose for the first time in four weeks as mortgage rates fell from their highest level this year, data from an industry group showed on Wednesday.
The manufacturing sector grew last month at its fastest pace in more than two years, an industry report showed on Tuesday. A separate reading showed construction spending rose.
Goldman Sachs has raised its GDP forecast for China to 7.6 percent from 7.4 percent for 2013, even as it slashed the growth targets for India and other Southeast Asia nations.
As U.S. factory jobs continue to vanish, many historically industrial areas are fading from blue-collar to white-collar towns, or in some cases, no collar at all.
The spike in part-time jobs is expected in an economy recovering from a deep recession, according to a new report. But what's unexpected is the age group that is taking those jobs.
As millions of Americans celebrate Labor Day by taking a day off from work, millions more have no job at all or have just stopped looking.
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U.S. consumer sentiment retreated in August from last month's six-year high, though Americans were slightly more upbeat in their outlook than earlier in the month, a survey released on Friday showed.
The pace of business activity in the Midwest increased in August and input prices hit a nine-month high, a report showed on Friday.