The current high rate of unemployment in the United States is primarily due to cyclical factors, not structural changes in the economy, according to researchers at the San Francisco Federal Reserve Bank.
Existing home sales in the US fell more than expected in February, indicating an uneven recovery in the housing industry. Sales of previously owned homes dropped 9.6 percent to 4.88 million in February compared with an upwardly revised figure of 5.40 million in January, the National Association of Realtors said on Monday.
In a transparent bid to stave off further anti-government protests in Saudi Arabia, King Abdullah has unveiled an astounding and unprecedented multi-billion-dollar package of handouts to his subjects.
Rep. Carolyn Maloney (D-NY) introduced legislation, “The StartUp Visa Act of 2011,” H.R. 1114, to encourage innovation and economic growth by permitting immigrant entrepreneurs greater access to temporary U.S. visas. The bill matches legislation introduced this week by Senators John Kerry, Richard Lugar, and Mark Udall in the Senate.
Saudi Arabian king will likely make announcements today regarding a ministry reshuffle, anti-corruption drive and more welfare dole outs, according to media reports.
New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in more than 2-1/2 years, pointing to a strengthening labor market.
New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in more than 2-1/2 years, pointing to a strengthening labor market.
Housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history.
Construction of new homes, as well as new building permits, declined more than expected in February, indicating that the U.S. housing industry’s recovery is still weak, even as the rest of the economy improves.
Workers in the private sector overall likely will see higher annual wage increases in the coming months, according to the revised first quarter Wage Trend Indicator (WTI) released by BNA.
The number of unemployed people in the UK rose by 27,000 to 2.53 million for the three months to January 2011, recording the highest levels since 1994, the Office for National Statistics (ONS) said on Wednesday.
The Federal Reserve said on Tuesday the U.S. recovery is gaining traction and inflation pressure from soaring energy costs should be short-lived, allowing it to maintain its heavy support for the economy.
FOMC Statement from March 15, 2011
Manufacturing activity in New York State expanded more than expected in March, reaching the highest levels since June 2010.
The U.S. Federal Reserve is unlikely to tighten policy by either raising rates or halting the second edition of the asset purchase program known as QE2, when its policy board meets today, according to analysts.
The number of employed people in the eurozone rose in the last quarter of 2010, as hiring increased in the agriculture and financial services sectors.
The United States is confident Japan will be able to handle economic challenges in the wake of the earthquake and tsunami, and does not expect the disaster to stall the world's recovery from economic recession, a White House spokesman said on Monday.
A strong flow of imports pushed up the U.S. trade deficit in January, a further sign of strengthening demand, while new claims for jobless aid rose more than expected last week but remained at levels suggesting a labor market recovery was intact.
The applications for jobless benefits in the U.S. rose more than expected last week, after falling to the lowest level since May 2008 in the previous week.
The beleaguered president of Yemen Ali Abdullah Saleh proposed plans to change the constitution and to move the ruling government into more of a parliamentary system.
Amidst unbalanced economic growth, high unemployment, rising oil prices and the environmental challenges, tourism can be one of the most effective agents of sustainable development.
Thousands of mostly youthful demonstrators have held a rally in central Amman in Jordan, demanding jobs and political reform and an end to official corruption.
