UNEMPLOYMENT

The House of Representatives, early this morning, introduced a continuing resolution budget proposal that wraps all the major spending bills Congress has yet to pass into one, while freezing Fiscal Year 2011 discretionary spending at Fiscal Year 2010 levels.

Crude oil futures declined for the second day on Wednesday as traders booked profits following a rally to $90.76 a barrel, the highest in 26 months on Tuesday, and on stronger dollar.

German industrial production topped economists' expectations during October, a report by Destatis said, indicating the German economic recovery continues, contrary to fears of a slowdown.

Consumer credit in the U.S. rose during October, mainly boosted by a rise in student loans, a report by the Federal Reserve said on Tuesday.

Gold just fell on bullish news, which is arguably a very bearish sign for the yellow metal.

The United Nations explains in a report why the fragile and uneven global recovery that started in 2009 began to decelerate in the middle of 2010 and lists the myriad of problems that still plagues the economy

Longer-term, the potential impact of the tax cuts upon the stock market and economy remain rather fuzzy, given the multitude of other issues facing investors, including perpetually high unemployment in the U.S., a seemingly never-ending sovereign debt crisis in Europe and constant friction with China over trade and currency.

President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.

A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.

Tax cuts and increased government spending designed to support and grow the economy are fiscal stimulus measures. President Obama's compromise with the Republicans will give America both.

The number of job openings in the U.S. climbed to 3.4-million at the end of October, up from 3-million in the prior month, according to data from the Labor Department.

The IBD/TIPP Economic Optimism Index fell during December from the previous month, a report said.

Economy of California is expected to witness a slight pick up next year with a drop in unemployment rate, said a report on Tuesday.

U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.

Obama has compromised with the Republicans. The wealthiest Americans will see their tax break continued for at least the next two years and the millions of unfortunate Americans who are out of work will see their unemployment insurance extended for 13 months.

Global trade protectionism will accelerate in the years ahead and the tussle between the U.S. and China over trade and other issues will escalate to crisis levels as early as in 2012, according to an analyst.

The United States is expected to see weak employment prospects though employers expect the modest hiring pace to continue in the first three months of the year, a survey reported.

President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.

Stocks, which fell early in the session on some gloomy remarks on the economy from Federal reserve Chairman Ben Bernanke, pared much of their losses later in the day on hopes that The Republicans and Democrats in Congress can hammer out a compromise on extending the Bush tax cuts as well as unemployment benefits.

While Europe (and much of the developed world) continues to reel from high unemployment in the wake of the global economic recession, at least one small, peaceful corner of the continent continues to enjoy very low jobless rates.

President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.