TOKYO— Japan's jobless rate fell to a 20- year low in October, but consumer spending and incomes also edged down as the tight labor market failed to spur significant increases in wages. The latest figures are likely to help Prime Minister Shinzo Abe's effort to cajole companies into offering higher wages, to accelerate inflation by raising consumer demand...» Read More
The June jobs report Friday could provide more fuel for bears, even as economists hold onto the view that the economy is not double-dipping.
Markets are looking ahead to Friday's June employment report, and there is little optimism the number will show anything more than a slight gain.
Friday's jobs data looms as the first major economic report of the year's second half, which promises to challenge markets with slower economic growth.
Why one money manager thinks a reduction in jobless claims will send the markets to new highs.
Stocks turned sharply lower on Wednesday following reports that showed new home sales hit a record low last month. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Deflation is the economy's version of a vicious cycle. As prices fall, so do wages and profits. Demand, consumption and production also fall. Jobs are cut. Consumers put off purchases . The negative forces feed off of each other.
The latest overall job loss numbers showed a gain of 431,000 jobs in May and an unemployment rate falling to 9.7% from 9.9% in April. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
“There's nothing by way of wage growth," says Dean Baler, co-director of the Center for Economic and Policy Research. “Workers aren't in a position to be choosy.”
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
Investors should "avoid financials at all costs, particularly in the banking sector" because the financial reform bill will restrict credit and hurt earnings, Meredith Whitney told CNBC.
By many measures, the U.S. economic recovery looks good on a spreadsheet, but convincing the man on the street about that will take months of solid improvement in the job market and some good-old, hearty American consumer spending.
The latest overall job loss numbers showed a gain of 290,000 jobs in April and an unemployment rate rising to 9.9%. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Cramer thinks next week's jobs report will show more people are getting hired and the DOW will rise. So how will individual stocks fare? Here's his day-by-day breakdown.
The job market has improved slightly from last year, according to career experts, and certain sectors like government, health care and financial services are hiring.
The pillars of Americans' financial security—jobs and home values—will stay shaky well into 2011, according to an Associated Press survey of leading economists.
Consumer borrowing fell again in February, reflecting weakness in credit cards and auto loans. It marks a setback to hopes that consumers are beginning to feel more confident and will start spending more.
Unemployment rates fell or remained unchanged in two-thirds of the 372 largest U.S. metro areas in February. The news adds to evidence that the job market is improving.
Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won final congressional approval Wednesday.
Here's proof that all those miles and rewards points you've racked up are good for more than a subscription to Golf Digest. One former executive in Southern California went from six figures to homeless in less than two years. Now, he's living off of those points.
Stock prices still have room to rise further, and recent economic reports show there is less chance of a double-dip recession, well-known market guru Abby Joseph Cohen told CNBC.