UNEMPLOYMENT

Sales of new homes rebounded strongly in June from May's record low, pushing the number of houses on the market to the lowest level in nearly 42 years.

Oil rose on Monday after a surge in new U.S. home sales cut the number of houses on the market to the lowest level in more than four decades, easing fears the post-crisis economy could slide into a second recession.

Britain's economic recovery raced ahead from April to June as the biggest jump in construction in half a century and a surge in services propelled growth at its fastest pace in four years. Gross domestic product jumped 1.1 percent in the second quarter, data from the Office for National Statistics showed. That was almost twice the rate analysts expected and nearly four times the pace of growth in the first quarter.

American voters overwhelmingly say lowering unemployment is more important than reducing the federal budget deficit, according to a Quinnipiac University poll released on Thursday.

Sales of previously owned homes hit a three-month low in June while new claims for jobless benefits surged last week, the latest indications that the economy is on the ropes.

Senate Republicans on Wednesday delayed action to restore U.S. unemployment benefits for those who have been out of work the longest, prolonging a partisan standoff even though the measure is certain to pass.

New U.S. claims for jobless benefits tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.

New U.S. claims for jobless aid tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.

New weekly claims for jobless benefits fell to their lowest level in nearly two years while industrial production eked out a small gain in June, but producer prices fell for a third month providing more evidence that economic growth is slugglish.

New claims for jobless benefits fell to their lowest level in nearly two years, but a sharp pullback in manufacturing activity in New York state added to evidence of a slowing economic recovery.

New claims for unemployment insurance fell more than expected last week to their lowest level in nearly two years as seasonal layoffs eased at factories, government data showed on Thursday.

Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.

Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.

Kansas City Federal Reserve President Thomas Hoenig on Wednesday said that the U.S. economy will continue to recover, but it will take time to reach the Fed's targets for minimal unemployment and inflation.

Job openings slipped in May, but the hiring rate climbed to the highest level in nearly two years, government data showed on Tuesday.

The International Monetary Fund's chief reiterated on Tuesday that strong growth in Asia and Latin America made it unlikely that the global economy would suffer a double-dip recession.

Britain's recession was deeper than previously thought, new data showed on Monday, while a top central banker warned that euro zone weakness and looming government spending cuts could send the recovery into reverse.

It's too early to say the economic crisis in Germany has passed because considerable risks to the recovery remain, the head of the Federal Labour Office, Frank-Juergen Weise, was quoted as saying on Saturday. Weise told German newspaper Rheinpfalz am Sonntag that while developments on the labor market were better than expected, he was worried the economic crisis is being declared over, he sai...

The U.S. economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday.

Canada's economy created far more jobs than expected in June in a surprising sign of strength after a raft of discouraging data, fueling expectations the central bank will hike interest rates again this month.

High unemployment and a moribund housing market have increased risks to the U.S. economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund said on Thursday.