CNBC's Steve Liesman has the breakdown of the lackluster jobs data for May.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.
The government posts the monthly jobs number, Wal-Mart hosts unhappy shareholders and the President toasts his mutually happy divorce with Chrysler. Here's what we're watching...
The economy's shift into low gear likely made for a worrisome decline in job growth in May.Economists forecast nearly 100,000 fewer jobs were added in May than in April, which had job growth of 244,000.
After steady job creation in February and March, the average number of net new jobs slipped in May from 0.17 per independent business to 0.01, according to survey results from the National Federation of Business.
It all turns on the criteria that make up the ten categories in our point system and this year has brought some interesting changes. Here's the rundown.
Anticipating the next round of jobless claims and what the numbers will signal for the US economy, with Jim Iuorio, TJM Institutional Services; Ethan Harris, BofA Merrill Lynch Global Research; and CNBC's Steve Liesman & Rick Santelli.
The Greek people's reaction to the implemented austerity measures should not be ignored, warned Alastair Newton, managing director and senior political analyst at Nomura.
No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent.
The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.
One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.
Economists also slashing second-quarter U.S. GDP forecasts to the 2 percent range but have not changed the second-half outlook yet. A big concern is that if the markets remain rocky, or the negatives start really denting sentiment, the slowdown could become self-fulfilling.
The hallmark of the American labor market, and consequently the wider economy, has long been the mobility of our work force. From "going West" to "teleworking," we go where the jobs are. Unfortunately the uniquely disastrous state of the current housing market is changing all that.
Bad news on the economic front is ironically pushing interest rates lower than the Fed's quantitative easing program managed to.
Wall Street is having a hard time figuring out what to do now that the US economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.
The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.
It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.
The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
Voters need to send "a whole new team to town to change the perception that Washington is hostile to business and job creation, potential Republican presidential candidate Rick Santorum told CNBC.