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Fed officials see high unemployment for years

Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.

Fed's Evans says monetary accommodation still called for

The U.S. recovery is underway, but inflation is so low and unemployment is so high that the Federal Reserve's super easy monetary policy is still called for, Chicago Fed President Charles Evans said on Wednesday.

Consumer spending up, savings at 8-month high

U.S. consumer spending rose moderately in May, even as savings touched the highest level in eight months, indicating a tepid economic recovery was still intact.

Consumer spending up, saving at 8-month high

Consumer spending rose moderately in May even as savings touched the highest level in eight months, suggesting a tepid economic recovery was still intact.

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Temp workers lead EU, U.S. recovery

A sharp increase in temporary work -- a traditional leading indicator of in the early phase of recovery -- shows that many European countries and the United States are pulling out of recession, an industry association said on Thursday.

Jobless claims drop 19,000 last week

The number of workers filing new applications for unemployment insurance fell slightly more than expected last week, offering hope the fragile economic recovery remained intact.

Jobless claims fall, durable orders ex-transport up

New claims for jobless benefits fell last week, while orders for long-lasting manufactured goods excluding transportation rose in May, offering hope the fragile economic recovery remained intact.

New home sales at record low as tax credit expires

Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries over a slowing economic recovery.

World's rich got richer amid '09 recession

The rich grew richer last year, even as the world endured the worst recession in decades.

Jobless claims and price data back low rates policy

New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

Jobless claims unexpectedly higher last week

The number of workers filing new applications for unemployment insurance unexpectedly rose last week as the manufacturing, construction and education sectors shed employees, adding to worries that the economic recovery is slowing.

Jobless claims rise, inflation tame

Jobless claims, price data back low rates policy

U.S. double-dip recession very unlikely say economists

The U.S. economy is slowly healing and will avoid a relapse into recession, the American Bankers Association's economic advisory committee said on Wednesday.

Home building plunges to five-month low

Housing starts fell to a five-month low in May but industrial output rose, evidence of an uneven recovery that has kept inflation at a minimum.

Retail sales fall but consumer sentiment strong

Sales at retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June eased fears of a slowdown in the economic recovery.

Unexpected decline in retail sales fans recovery fears

Sales at retailers unexpectedly fell in May for the first time since September following a record slump in purchases of building materials, adding to fears the economic recovery was losing some steam.

Australian Dollar Outlook 11/6/2010

The Australian Dollar has opened more than one US cent higher today, buoyed by improved investor sentiment on the global economic recovery.

Jobless claims fall slightly, trade gap widens

The number of U.S. workers filing claims for jobless aid fell modestly last week as the labor market recovery struggled for momentum, while a slip in exports in April supported views of moderate economic growth.

Jobless claims fall but trade gap widens

Jobless claims fall 3,000 last week

The number of workers filing new applications for unemployment insurance fell less than expected last week, government data showed on Thursday, pointing to a gradual labor market recovery.

Jobless claim falls but trade gap widens

The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.

Jobless claim fall slightly

Wall Street rises after China data boosts optimism

Wall Street advanced on Wednesday after unofficial data showed Chinese exports topped expectations, boosting hopes for a global recovery.

Retail sales to show spending holding up

U.S. retail sales likely notched an eighth straight month of gains in May as consumers took comfort in a gradually improving job market.

April job openings at highest since late 2008

U.S. businesses may have started to begin significant hiring as the number of job openings at the end of April was the highest in more than a year, a government survey showed on Tuesday.