The Federal Reserve will have to act quickly, and perhaps aggressively when the time comes to pull back its extraordinary support for markets in order to avoid stoking inflation, the president of the Federal Reserve Bank of Philadelphia said on Tuesday.
Businesses relying on consumers, which make up the vast majority of U.S. economic activity, may have to tread cautiously in the coming holiday season, as results of a new household survey are seen as “not very encouraging news.”
U.S. non-farm payrolls for September probably fell by the smallest amount in a year, more proof the economy is pulling out of recession, but the jobless rate likely ticked up, according to a Reuters survey.
The rally in U.S. stocks, which stumbled in recent days on worries about the economic recovery and continued government stimulus, will be tested this week by crucial data on growth and jobs.
Sales of previously owned homes in the United States unexpectedly fell for the first time in four months in August, indicating a less vigorous pace of economic recovery from a deep recession.
The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August hinted at a less vigorous pace of recovery from a severe recession.
The number of U.S. workers filing new claims for jobless benefits unexpectedly fell 21,000 last week, government data showed on Thursday, and a less volatile unemployment claims gauge dipped to an eight-month low.
G20 Gathers; Mixed Economic Signals; Losing the Bailout Funds
The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August suggested the economy's recovery from a severe recession would be slow.
U.S. stock index futures were flat on Thursday as investors awaited data on home sales and jobless claims for an indication of the state of the economy following a sharp sell-off in the last session.
Amid a falling trend, the U.S. government on Thursday is expected to release its unemployment insurance weekly claims data on Thursday.
The number of mass layoffs by U.S. employers rose by 533 in August from July, with the manufacturing sector the hardest hit, Labor Department data showed on Wednesday.
More than a year and a half into America's worst housing crisis since the Great Depression, rising unemployment is pushing ever more homeowners in rural Ohio toward foreclosure.
The worst U.S. economic recession in 70 years is forcing senior citizens out of retirement, leaving them fighting for jobs in a weak labor market or risk homelessness, according to a private study.
With unemployment lines growing even as the recession eases its grip, the U.S. House of Representatives voted on Tuesday to extend jobless benefits for those who risk exhausting them.
With the jobless rate rising even as the recession eases its grip, the U.S. House of Representatives is expected to pass a bill this week to extend unemployment benefits for those who risk exhausting them.
A measure of the U.S. economy's prospects scaled a 1-1/2-year high in August but a record rise in home loan defaults cast doubts on the durability of the apparent recovery from recession.
A measure of the U.S. economy's prospects scaled a 1-1/2-year high in August but a record rise in home loan defaults cast doubts over the durability of the apparent recovery from recession.
U.S. holiday spending is expected to be flat versus a year ago, as consumers remain cautious and the national unemployment rate hovers at nearly 10 percent, Deloitte said in a forecast released late on Sunday.
Jobless rates rose in the majority of U.S. states in August, tracking national trends, but unemployment rates fell in the Midwest and South, a government report showed on Friday.
Unemployment in this small U.S. town has quadrupled in the past 16 months, but worse is to come as thousands of unemployed workers run out of severance money and benefits.
New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
