The widely held outlook that U.S. unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday.
The U.S. job market continued to improve in February for the sixth consecutive month, largely due to a strong recovery in manufacturing production, a research group said on Monday.
McDonald's Corp reported a 4.8 percent rise in February sales at established restaurants as strong overseas results offset softness in the United States.
U.S. stocks finished the week strong as three unemployment reports this week offered no nasty surprises to market participants.
A number of reports suggested bad weather would adversely affect today's unemployment data, however actual figures show that may have been misguided.
U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
Global chip sales could rise by more than a fifth this year, bringing them back above pre-recession levels, industry watcher iSuppli said on Friday.
The S&P 500 Index gapped higher on Friday and extended gains in the morning trade session as investors continue to cheer the U.S. employment situation report.
The U.S. stock market continues to rally Friday morning as three reports this week have eased concerns over unemployment.
U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate steady at 9.7 percent, bolstering views the labor market was on the brink of creating jobs.
U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls.
The number of U.S. workers filing for jobless benefits fell last week, but a surprise drop in pending home sales to a 10-month low in January underscored the uneven nature of the economic recovery.
The number of U.S. workers filing for jobless benefits fell last week, but a surprise decline in January pending home sales contracts to a 10-month low underscored the slow nature of the economic recovery.
The number of U.S. workers filing new applications for unemployment benefits fell last week, while productivity was stronger than initially thought in the fourth quarter, boosting hopes for the economic recovery.
Futures on U.S. stock indices traded higher before the open as declining unemployment claims, combined with Wednesday's better than expected ADP employment data, eased investor sentiment ahead of Friday's unemployment rate report.
The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, a government report showed on Thursday, while those continuing to receive benefits dropped to the lowest level in over a year.
Private jobs data and a Federal Reserve report showed glimmers of improvement in the U.S. labor market last month, considered key to propelling the economic recovery, while the U.S. services sector grew at its fastest pace since the recession began.
The U.S. economy will recover slowly and the unemployment rate will take some time to come down, Atlanta Federal Reserve Bank President Dennis Lockhart said on Wednesday.
U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace since the recession began.
U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace in more than two years.
U.S. private employers shed 20,000 jobs in February, fewer than the 60,000 jobs lost in January, a report by a private employment service said on Wednesday.
Jobs shed by U.S. private employers in February dropped from the prior month, while U.S. firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover.
