MADRID, Nov 28- Spain's ruling party will cut income tax and create two million jobs over the next four years if re-elected next month, center-right Prime Minister Mariano Rajoy told a campaign rally on Saturday. Rajoy's People's Party is expected to win a Dec. 20 election but without securing a parliamentary majority. Spain's unemployment rate of 21 percent is...» Read More
“We haven't just gone through a business cycle, we've also gone through a major restructuring of the American economy," says a labor economist. “ This is an awful lot to adjust to.”
The latest overall job loss numbers showed a loss of 85,000 jobs in December and an unemployment rate remaining at 10.0%. The November and October numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Friday's jobs report is the first big economic report of the new year and as such, it heralds what could be the first really big trading day of the year.
Retailers on Thursday will report December sales results, taking the wraps off their holiday season and possibly showing the best comparisons in 20 months.
Markets are hanging on Friday's December employment report, which some economists say could show job growth for the first time in two years.
Job search engine Juju.com ranked cities based on the number of unemployed in a metro area vs. the number of jobs available. Check out what they found!
When the Senate takes up a jobs bill soon, the debate will center on whether it really will create jobs and be worth plunging the government further into debt.
The recent improvement in several labor barometers adds ammunition to the optimists' argument about an imminent and long-awaited breakthrough in the labor market. .
Many traders expect a rally to drive the market higher through year end. But the big questions are what does the first quarter bring when absent investors return to their desks? And what do investors do to prepare for that?
The percentage of job seekers starting a business has doubled in this recession. Here are some laid-off professionals turned happy, successful entrepreneurs who give new meaning to economic recovery.
Stocks should make a more subdued move higher in the coming year, and the Fed is not likely to raise interest rates until at least mid-year.
President Barack Obama said on Tuesday the White House will seek to cut bureaucratic restrictions so that local lenders can help businesses seize "enormous opportunities" for growth.
Stocks should trade quietly as investors sit out until the start of the new year. Economic reports on home sales, jobs and manufactured goods in the holiday-shortened week are coming—and everyone will be watching retail sales.
Americans are the most pessimistic they've been since the beginning of this year, when the US was mired in a deep recession, while confidence in President Obama and Congress is at the lowest level of 2009, according to the latest NBC/Wall Street Journal poll.
The consumer price index and the Fed's afternoon statement Wednesday will take on even more importance to markets, after producer prices hinted at a whiff of inflation Tuesday.
Stocks should trend higher in the coming week and are in easy striking distance of a new high for the year.
Friday's economic reports will put the spotlight on consumer attitudes and spending, as the critical, final two weeks of the holiday shopping season approach.
Thursday's data includes closely watched weekly jobless claims and international trade, while Treasury Secretary Tim Geithner talks TARP at a Congressional Oversight Panel hearing.
The downgrade of Greece's credit rating gave pause to the "risk trade" and could send even more buyers into the relative safety of Treasurys through year end.
Financials will be in focus on Tuesday, as BofA's board meets on a new CEO; bank execs speak before a Goldman Sachs conference, and influential bank analyst Meredith Whitney appears on CNBC's "Squawk Box."