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Fed is open to altering bond policy
WASHINGTON — Federal Reserve policymakers signaled for the first time that they could "increase or reduce" their controversial efforts to stimulate the economy in the future, but for now they're holding pat. After a two-day policy meeting, the...
Tags: Career and Workplace, Money and Monetary Policy, Finance, Labor Markets, Employment
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Initial jobless claims drop to more than five-year low of 324,000
WASHINGTON -- Initial jobless claims dropped last week to their lowest level in more than five years, countering recent signals that the economic recovery is slowing. The number of people filing for the first time for unemployment benefits fell to 324,...
Tags: Career and Workplace, Unemployment Rate, Labor Markets, Layoffs and Downsizing, Unemployment
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Stocks fall nearly 1% on anxiety about Friday's employment report
NEW YORK -- The first day of May gave investors reasons to worry about a sluggish economy, sending stocks down nearly 1% Wednesday. The Dow Jones industrial average fell 138.85 points, or 0.94%, to 14,700.95 at the closing bell on Wall Street. The...
Tags: Career and Workplace, Unemployment Rate, Labor Markets, Employment, Federal Reserve
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Private-sector job growth slowed to 119,000 in April, ADP says
WASHINGTON -- Private-sector job growth slowed more than expected last month, with employers adding just 119,000 net new workers in a harbinger of a stalling labor market, payroll processing firm ADP said Wednesday. It was the second straight decline in...
Tags: Career and Workplace, Labor Markets, Employment, Employment Opportunities, Personal Income
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Federal Reserve officials stay course on stimulus, interest rates
WASHINGTON -- Federal Reserve policymakers said Wednesday they would continue their stimulus efforts and hold steady on rock-bottom interest rates, but announced no new actions as the economy appeared headed for another spring slowdown. After a two-...
Tags: Career and Workplace, Money and Monetary Policy, Finance, Labor Markets, Employment
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Freddie Mac: 30-year mortgage rate falls from 3.57% to 3.54%
Mortgage rates dropped slightly during the first half of this week in reaction to news of slower growth in the economy, with lenders offering the 30-year fixed-rate loan at an average 3.54%, down from 3.57% a week ago, according to Freddie Mac’s...
Tags: Financial and Business Services, Consumers, Mortgages, Freddie Mac, Bankrate Incorporated
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Weekly jobless claims climb to 385,000, most in four months
WASHINGTON -- First-time jobless claims unexpectedly climbed to a four-month high last week, the Labor Department said Thursday, providing more evidence that the economic recovery might be heading into another spring slowdown. The number of people...
Tags: Unemployment Rate, Labor Markets, Good Friday, Easter, Economic Indicator
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Private-sector and service-sector job growth slow in March
WASHINGTON — Private-sector employment growth and expansion in the vital service sector slowed last month, raising concerns about the strength of the recovery ahead of Friday's government jobs report. Payroll firm Automatic Data Processing Inc....
Tags: Career and Workplace, Moody's Corporation, Labor Markets, Unemployment Rate, Employment
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Private-sector job growth slowed in March, ADP reports
WASHINGTON -- Employment growth slowed last month as the private sector added 158,000 jobs, a sharp reduction from February and below analyst expectations, payroll processing firm ADP said Wednesday. The March figure was well below the 237,000 private-...
Tags: Career and Workplace, Unemployment Rate, Labor Markets, Employment, Unemployment
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S&P 500 trades above all-time closing high
NEW YORK -- The benchmark Standard & Poor's 500 index burst through a half-decade-old record as stocks continued their strong rally. The broad S&P index is on track to finish the day above its all-time closing high of 1,565.15 recorded Oct. 9, 2007....
Tags: Budget Control Act of 2011, Money and Monetary Policy, Barack Obama, Finance, European Debt Crisis
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Initial jobless claims fell to 340,000 last week, near 5-year low
WASHINGTON -- New jobless claims dropped again last week to 340,000, near a post-Great Recession low, and the less volatile four-week average fell to its lowest level in five years, the Labor Department said Thursday. The data were another sign of...
Tags: Career and Workplace, Unemployment Rate, Labor Markets, Employment, Unemployment
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Private-sector job growth holding up, ADP report finds
WASHINGTON -- The American job market appears to be holding up fairly well in the face of higher payroll taxes this year and uncertainty over government budget cuts -- so far anyway. The payroll processing firm ADP said Wednesday its data showed that...
Tags: Small Businesses, Career and Workplace, Moody's Corporation, Business, Labor Markets
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Mar 28, 2013
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Mar 7, 2013
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Mar 6, 2013
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