UNEMPLOYMENT

Jobless claims fall, second-quarter GDP revised up

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The number of Americans claiming new unemployment benefits fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, the latest suggestion a recession was not in the cards.
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Durable goods orders dip, but business spending up

New orders for long-lasting manufactured goods slipped in August on weak demand for motor vehicles, but a rebound in a gauge of business spending supported views the economy would likely avoid another recession.
Canada a magnetic north for U.S. retailers

Canada a magnetic north for U.S. retailers

More U.S. retailers looking for fresh markets are turning to Canada, lured by their northern neighbor's resilient economy, strong currency and the familiarity with their brands.
Rick Perry

Is Rick Perry’s Bi-National Health Insurance Plan Too Ambitious?

The bi-national health insurance was Perry’s one ambitious plan to provide Texas-funded coverage for both U.S. and Mexican border residents. Perry wanted to implement “an important study that will look at the feasibility of bi-national health insurance” that could “treat maladies unique to this region.”
Gold Bullion and coins from the American Precious Metals Exchange (APMEX) is seen in this picture taken in New York

Interpreting the Gold Boom and Bust: Still a Safe Haven?

One thing is clear. There's nothing like a gold standard when it comes to analyzing the way the precious metal prices have behaved in the past three months. Gold's decade-long bull run peaked in the last three months when the prices went up by around 30 percent.
Obama no child

Obama, on U.S.Jobs Tour, Chides Europe on Debt Woes

President Barack Obama said on Monday that Europe's debt crisis was scaring the world and eurozone leaders were not acting fast enough, underscoring concerns about the fallout for the U.S. economy and his own re-election chances.
France's President Nicolas Sarkozy

G20 Seeks Ways to Boost Jobs in Face of Gloomy Outlook

G20 labor ministers meeting on Monday and Tuesday in Paris face the tricky task of trying to boost job creation in the face of a fast-deteriorating economic outlook without undermining already strained public finances.
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Cracking Down on Job-Candidate Credit Checks

Last week, the California legislature sent the governor a bill that would ban most employers from running credit checks on job applicants. If the governor signs the bill into law (which this web site tells us he’s likely to), California will become the biggest get yet for those pushing for such laws around the nation. Is this just what a country full of unemployed people with wrecked credit needs? Or is it, as HR managers have been hollering, a way of hindering them from finding good, upstandin...

France: What a Socialist Senate Means for Sarkozy

On Sunday, France's Socialist Party took control of the upper house of parliament, taking the senate majority from the hand's of President Nicolas Sarkozy's center-right Union for a Popular Movement.
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Fed's Raskin says more easing likely warranted

Expanded Federal Reserve efforts to boost tepid growth and cut high unemployment are justified as broken housing markets and depleted household wealth act as a brake on the recovery, a top Fed official said on Monday.
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Fed's Raskin says additional easing warranted

Expanded Federal Reserve efforts to boost tepid growth and cut high unemployment are justified as broken housing markets and depleted household wealth act as a brake on the recovery, a top Fed official said on Monday.
U.S. and Global Economies

G-20: Globalization's Two-Edged Sword

Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.

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