Private sector payrolls rose at a faster pace than expected in July, but a surprising increase in layoffs helped push the number of announced jobs cuts to a 16-month high, separate reports showed.
A breakdown of the July employment numbers, with Joel Prakken, Macroeconomic Advisers; CNBC's Steve Liesman & Rick Santelli.
July job cuts were the highest monthly total since March 2010, says John Challenger, Challenger, Gray & Christmas CEO, who says major cuts have been made in iconic organizations in strong areas like technology, pharmaceuticals and retail.
The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon — and that has traders thinking Friday's US jobs report may be a huge disappointment.
Bad economic news bombarded the UK Treasury on Monday as new International Monetary Fund forecasts cast doubt on the chancellor’s deficit reduction plan, the FT reports.
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon.
With the debt ceiling crisis looming, we are at risk of losing the momentum America has gained toward energy independence and achieving a cleaner, greener future.
In addition to all the other ignominy heaped upon the US economy comes the latest insult Friday—confirmation of a “growth recession” that foretells a long, ugly road ahead.
Thousands of layoffs were announced in just the past week, and that trend could continue if economic growth does not start to pick up speed.
Should the return from a government bond should always sit below that of a bank asset? The almost universal answer to this question is yes, but this is not always the case, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
CNBC's Rick Santelli & Jim Iuorio, CME Group break down the economic data.
The unemployed need not apply. That is the message being broadcast by many of the nation’s employers, making it even more difficult for 14 million jobless Americans to get back to work. The NYT reports.the New York Times reports.
The claim by the UK Office for National Statistics that the country's second quarter GDP growth could have been as high as 0.7 percent, were it not for 'special factors' like the royal wedding and the Japanese tsunami, has been described as "bizarre" by economist Ruth Lea.
With the slight dip in the markets attributed to the stalled talks to raise the U.S. debt ceiling and the possibility of a default after the Aug. 2 deadline, analysts were split on whether the U.S. will default and how to play the market if it does, they told CNBC Monday.
BlackBerry maker Research In Motion is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.
I have never been a natural pessimist so here are some snippets of positive reaction to keep your half-full glasses topped up, writes CNBC's Anna Edwards following an agreement on a second Greek bailout.
The chief executive of a top ten U.S. retail brokerage firm is predicting another round of layoffs in the financial industry over the next quarter—and not even an MBA from a top tier school may offer protection.
One author's solution for getting ahead and becoming successful in this economy is to think "weird."
More than half of economists polled think there will not be a QE3. CNBC's Steve Liesman has the results on what economists forecast for the year ahead.