UNEMPLOYMENT

Workers build a new house in Alexandria, Virginia February 16, 2012.

Growth in Jobs Will Rise This Year: White House Report

U.S. job creation will accelerate a bit this year as a moderate economic recovery continues, the White House said on Friday, but it faces a key risk from the debt crisis in Europe -- and President Barack Obama's annual economic report warned that the road ahead could still be bumpy.
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Barack Obama

Congress Extends Payroll-Tax Cut, Sends Bill to Obama

Congress passed legislation on Friday that extends a tax cut for 160 million workers through December. The new law continues long-term jobless benefits, handing President Barack Obama a major victory in a year in which his re-election is at stake.
stock market

Leading Economic Indicators Rise for Fourth Straight Month

The index of U.S. leading economic indicators rose 0.4 percent in January, extending its upward trend for a fourth month. Friday's data points to continued growth in the U.S. economy, supported by an increase in the average workweek and improving financial indicators.
General Electric

Weekly U.S. Economic Snapshot: How Are We Doing?

Bit by tiny bit, the economy is improving. The progress might at times seem too small or slow to be evident, but it is unmistakably occurring. People may not feel things are good yet, but they are beginning to feel the worse is subsiding, Gary Thayer, chief macro strategist at Wells Fargo Advisors, said.
Kosovo-Serbia clashes

Kosovo Independence 4th Anniversary: Tough Challenges Ahead as Serbia Conflict, EU Entry in Focus

Kosovo celebrates its fourth anniversary of Unilateral Declaration of Independence (UDI) on Feb. 17. Even after four years of its UDI, the Albanian majority country is still to make any head way towards development or in ensuring stability in the region. The biggest challenge it faces includes its conflict with Serbia, which don't recognize Kosovo's independence and the resistance from several of the European Union countries that oppose its inclusion in the Union.The territorial confl...
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Payroll Tax Deal Heads for Congressional Passage

A deal to renew a payroll tax cut for 160 million U.S. workers through 2012 headed on Thursday toward congressional approval as Democratic and Republican leaders rallied support for the bipartisan agreement.
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Jobless claims drop to near 4-year low

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
US Capitol

Congress Reaches Payroll Tax Cut Extension Deal

A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.
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Asian Shares and Euro Drop on Delay on Greek Bailout

Asian shares and the euro fell Thursday as another delay in cementing a crucial bailout for stricken Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
Fiscal stimulus measures amounting to about 5 percent of GDP will expire in 2013 unless Washington renews them

Payroll Tax 'Deal Is Done' in Major Victory for Obama

Negotiators Wednesday evening reached a sweeping tax cut deal that provides a victory to President Barack Obama and his fellow Democrats in Congress and frees Republicans of an issue that threatened to stalk them to the November elections.
Greece Riots

The Greek Protesters May Be Right; For Now, Austerity Is Bad Economics

In country after country in Europe the so-called bitter pill approach has been wholeheartedly embraced as the only solution by both conservative and leftwing governments. Problem is, it's looking more and more likely that they're wrong: as a strategy, austerity has by and large failed.
Fed

Some at Fed Eye Gas Pedal, Others the Brake

Federal Reserve policymakers are turning to cars to illustrate just how split they are over what, if anything, to do about the U.S. economy, with some eying the brake pedal and others the gas.
A man passes a looted gyro stand on Monday, a day after violent riots shook Athens. Police said 150 shops were looted in the capital and 48 buildings set ablaze

Greece After Riots: Life, Euro Drama Goes on in Athens

Greece is currently straddling the knife's edge of crisis, as a deeply unpopular decision by the country's political leadership to impose painful economic austerity measures on the populace to receive a bailout from foreign creditors has not achieved its desired results. Pictures of life in the nervous country.

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