The number of Americans applying for first-time jobless benefits rose on Thursday, reversing a recent decline and suggesting the labor market remains brittle.
IBT Staff Reporter
Jan 12, 2012
Top Federal Reserve officials disagreed on Wednesday over how aggressive the central bank should be to spur faster growth and bring a lofty jobless rate down more quickly.
IBT Staff Reporter
Jan 11, 2012
President Barack Obama plans to introduce a series of incentives to bring outsourced jobs back to America and increase domestic investment.
Joseph Orovic
Jan 11, 2012
The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a painstakingly slow economic recovery, even if doing so pushes inflation temporarily higher, a top Fed official said on Wednesday.
IBT Staff Reporter
Jan 11, 2012
Detroit's economy wasn't exactly in great standing before the housing bubble burst, before the automotive manufacturing that supports the community burst. It was already a case of haves, and have-nots. But when it all came crumbling down, with automakers slashing jobs and two filing for bankrtuptcy -- General Motors and Chrysler -- the shaky pedestal gave way.
David Magee
Jan 11, 2012
Romney won a significant victory in New Hampshire Tuesday, carrying the open primary and becoming the first Republican to win both New Hampshire and Iowa in the primaries since 1976. But more remarkable than Romney's 2012 win is whose votes gave him the victory: Romney supporters crossed every demographic, from age brackets to ideological concerns.
Melanie Jones
Jan 11, 2012
One woman was killed on Tuesday when prospective students waiting outside the University of Johannesburg in South Africa stampeded to get into the school's admissions office.
Daniel Tovrov
Jan 10, 2012
Consumer credit surged in November by the most since October 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government, a Federal Reserve report showed on Monday.
IBT Staff Reporter
Jan 09, 2012
In a stadium packed with tens of thousands of dancing revelers, South Africa's ruling party, the African National Congress, celebrated its 100th anniversary Sunday, amid accusations that it has not delivered on its promises since taking power in 1994, namely resolving outstanding issues with poverty and unemployment.
Elisha Maldonado
Jan 09, 2012
Freddie Mac, the large federally controlled mortgage guarantor, announced that it would allow unemployed borrowers to delay mortgage payments for up to 12 months under a new plan.
Roland Li
Jan 09, 2012
Stock index futures edged higher on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
IBT Staff Reporter
Jan 09, 2012
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
IBT Staff Reporter
Jan 09, 2012
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
IBT Staff Reporter
Jan 08, 2012
Signs the recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said.
Eric Linton
Jan 08, 2012
South African President Jacob Zuma led a purification ceremony at the site in Bloemfontein where the African National Congress was born 100 years ago. Many say the party needs cleansing itself.
Eric Linton
Jan 08, 2012
Signs the U.S. recovery is gaining strength indicate the Federal Reserve may not need to buy any more bonds to spur growth, James Bullard, president of the Federal Reserve Bank of St. Louis, said on Saturday: I don't think it's very likely right now because the tone of the data has been pretty strong recently.
J.J. McGrath
Jan 08, 2012
Three top Federal Reserve officials aggressively pushed on Friday for more stimulus for the U.S. housing market, saying the government should be looking at ways to help the sector for the purpose of speeding the country's economic recovery.
J.J. McGrath
Jan 07, 2012
The United States Department of Labor released the December 2011 Employment Situation report on Friday, presenting a broad-based growth in the labor market in December.
Kukil Bora
Jan 07, 2012
U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the country's economic recovery is gaining steam.
IBT Staff Reporter
Jan 07, 2012
U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
IBT Staff Reporter
Jan 07, 2012
U.S. President Barack Obama kicked off an effort to encourage businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme on Saturday aimed at courting middle-class voters.
J.J. McGrath
Jan 07, 2012
According to official figures released by the U.S. government, unemployment rates in the country are hovering around 8.6 percent. However, the American Enterprise Institute (AEI) suggests that a better measure of the real jobless rate -the U-6 - stands at 15.6 percent.
Bhaskar Prasad
Jan 07, 2012
