The number of U.S. workers newly applying for unemployment benefits unexpectedly rose last week and regional manufacturing slipped in January, hinting at some slowing in the pace of economic recovery.
The number of U.S. workers filing new applications for jobless insurance unexpectedly rose last week, but a jump to a record high in a gauge of economic prospects eased concerns about the recovery.
The number of U.S. workers filing new applications for unemployment insurance unexpectedly rose last week as claims delayed from the year-end holidays were pushed through, government data showed on Thursday.
The loss of a key Democratic Senate seat will likely strengthen the resolve of President Barack Obama to press ahead urgently with a package of targeted proposals to spur U.S. job creation.
Unemployment rates will likely peak in most U.S. cities in 2010, but it will be many more years before jobless rates hit their lows of the last decade, a report released by a U.S. mayors group shows.
Inflation is unlikely to be a problem as long as U.S. unemployment remains elevated, according to economists from the San Francisco Federal Reserve Bank.
IMF managing director Dominique Strauss-Khan said in a speech today that global economic growth has been faster than expected largely due to government stimulus.
As U.S. stocks have risen in value since November, various measures of retail and consumer activity during the period are lagging.
The U.S. unemployment rate, currently at 10 percent, is unlikely to drop below 8 percent before 2012 unless Congress takes further steps to boost the economy in the short term, the non-partisan Congressional Budget Office said on Thursday.
The S&P 500 index rose 0.24% on Thursday to close at 1,148.46 points while the Dow Jones Industrial Average was up 0.28%, to end at 10,710.55.
U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.
U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.
The number of U.S. workers filing new applications for unemployment insurance climbed more than expected last week but a measure of underlying trends moved steadily lower in a sign that labor markets are slowly improving.
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
Two top Federal Reserve policy-makers said on Wednesday that the U.S. central bank will need to be certain the economic recovery is firmly in place before tightening its monetary policy stance.
More U.S. business hired people in November, but workers had limited choices as the number of jobs open fell despite an economy inching forward, government data showed on Tuesday.
Recruitment in Europe was unchanged in December compared to the preceding month as increased demand in the legal and public sector offset a fall in the production and construction sector, a survey showed on Tuesday.
U.S. retailers are in for a much better year as the economy improves, but stubborn unemployment and high consumer debt levels will limit the extent of the recovery, industry experts said on Monday.
A senior Federal Reserve official said the pace of job loss had slowed even though unemployment remains high and the challenge for policy makers will be to adjust extensive securities purchases.
A senior Federal Reserve official said on Sunday that while unemployment remains high, the pace of job loss has slowed and the main challenge for policy makers will be to adjust extensive securities purchases.
U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.
U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth.
