Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.
The number of planned layoffs at U.S. firms fell 17 percent in August from the prior month and hit the lowest level in 10 years, a report on Wednesday showed.
private employers unexpectedly cut jobs in August, a report by a payrolls processor showed on Wednesday, delivering another blow to the already faltering economic recovery.
U.S. consumer confidence rose modestly in August and U.S. homes prices gained more than expected in June, easing some worries the economy is headed for another downturn soon.
Euro zone inflation slowed in August, pointing to steady interest rates well into 2011, but unemployment remains high and uneven across the region, underlining the two-speed recovery, data showed on Tuesday.
German unemployment fell in August to its lowest since November 2008, laying the ground for consumers to spend more and adding to evidence that the export-led economy is outstripping its euro zone peers.
German unemployment fell in August to its lowest since November 2008, laying the ground for further growth in consumer spending that the economy needs for a more balanced rebound.
U.S. consumer spending rose in July at the strongest pace in four months, supported by a small gain in incomes that offered hope that consumers will be able to keep contributing to a modest economic recovery.
Consumer spending rose in July at the strongest pace in four months, supported by a small gain in incomes that offered hope that consumers will be able to keep contributing to a modest economic recovery.
New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
Gold slipped on Thursday, ending a two-day rise, as U.S. jobless claims declined more than expected, denting bullion's case as a safe-haven investment.
New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
U.S. government data released on Friday showed employment conditions varied widely from state to state in July, indicating that the economic recovery may not be consistent across the country.
The frail U.S. economy was dealt fresh setbacks as new U.S. jobless claims scaled a nine-month high last week and Mid-Atlantic factory activity contracted in August for the first time in more than a year.
Gold prices rose to a seven-week high at $1,234.55 an ounce on Thursday after data showed new U.S. claims for unemployment benefits unexpectedly hit a nine-month high last week, pressuring the dollar.
Maria Fiorini Ramirez speaks to IBTimes about inflation, unemployment, and credit conditions to small businesses.
After worrying about Europe for several months, economists are now turning their focus back to the United States, where high unemployment and a historic housing slump just won't go away.
European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week to the highest level in close to six months, the latest evidence the economy's recovery is faltering.
Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy, according to a published report.
Immigrants in New York City have a lower unemployment rate and participate in the labor force at a higher rate than native-born Americans, a divergence from the national trends that may reflect optimism about the recovery.
The housing market should skirt another major downturn, even though stubbornly high unemployment and foreclosures will curb demand and keep home prices mostly flat through 2011, a Reuters poll showed.
