UNEMPLOYMENT

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April Hiring Seen Picking Up

Employers likely increased hiring in April, although not enough to lower the country's 8.2 percent jobless rate, keeping pressure on President Barack Obama ahead of his November re-election bid.
ECB President Mario Draghi leaves the European Council headquarters after a night of negotiations at a European Union summit in Brussels

ECB Emerges As Less Dovish, More 'Bossy,' Than Thought

The European Central Bank made a show of that organization's immense political and economic force Thursday, rattling world markets with news it had not even considered lowering benchmark euro lending rates and, more provocatively, having its top banker lecture European politicians on the eve of what are expected to be decisive election in two European countries.
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US 1Q Productivity Drops, Labor Costs Rise

Nonfarm productivity fell in the first quarter as companies hired more workers to maintain output, but a moderate rise in wages suggested little pressure on company profits and inflation.
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After Bull Run, Investors Seek Shelter: Daily Markets Wrap

A disappointing ADP Employer Services jobs report issued Wednesday, which showed a still-sluggish U.S. job market, drove U.S. and European markets down and signaled that a key report on employment at the end of the week could be grim.
A woman browses job openings at a job fair in Los Angeles

US Unemployment Rate Likely To Hold At 8.2% In April

Hiring in the U.S. probably picked up somewhat in April after a disappointing showing in March renewed fears of another spring slump in the labor market, economists said in anticipation of the April non-farm payroll report due Friday.

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