Reports show the U.S. job market getting a little better, the trade deficit getting worse, and the outlook for manufacturing dimming over the next few months. Thursday’s report from the Labor Department says the number of Americans signing up for unemployment aid fell to the lowest level in more than four years. First-time applicants fell […]
IMF Predicts Slower Economic Growth
Posted October 9th, 2012 at 11:45 am (UTC-5)
Experts at the International Monetary Fund say the global economy will expand more slowly this year, while the risks of serious economic problems are growing. The IMF has cut its global growth forecast slightly to just 3.3 percent. The glum prediction caused many stock markets to decline in Tuesday trading. It comes as key economic […]
IMF Predicts Slower Global Economic Growth
Posted October 8th, 2012 at 5:35 pm (UTC-5)
The International Monetary Fund is cutting its prediction for global economic expansion this year, and the fund’s experts say the risks of serious economic problems are growing. The World Economic Outlook is being published ahead of meetings of key financial officials from around the world in Tokyo this week. It says global growth will slow […]
Germany’s Merkel to Visit Greece Next Week
Posted October 5th, 2012 at 2:45 pm (UTC-5)
German Chancellor Angela Merkel says she will visit Athens next week, her first visit to debt-ridden Greece since the three-year eurozone governmental debt crisis threatened to undermine the world’s economic fortunes. Ms. Merkel has often drawn the anger of Greeks protesting in the streets against the austerity measures that she has demanded be imposed before […]
US Jobless Rate Dips to 7.8 Percent
Posted October 5th, 2012 at 12:15 pm (UTC-5)
The U.S. jobless rate fell to 7.8 percent in September, the first time in 44 months it had dipped below the 8-percent level. In a key government report, one month ahead of the country’s presidential election, the U.S. said Friday the country’s labor market added 114,000 jobs last month. It also revised the estimate for […]
US Jobless Rate Dips to 7.8 Percent
Posted October 5th, 2012 at 10:25 am (UTC-5)
The U.S. jobless rate fell to 7.8 percent in September, the first time in 44 months it had dipped below the 8-percent level. In a key government report, one month ahead of the country’s presidential election, the U.S. said Friday the country’s labor market added 114,000 jobs last month. It also revised the estimate for […]
US Jobless Rate Dips to 7.8 Percent
Posted October 5th, 2012 at 9:00 am (UTC-5)
The U.S. jobless rate unexpectedly fell to 7.8 percent in September, the first time in 44 months it had dipped below the 8-percent level. In a key government report a month ahead of the country’s presidential election, the U.S. said Friday the country’s labor market added 114,000 jobs last month. It also revised the estimate […]
Energy Companies Planning Major Alaska Pipeline
Posted October 4th, 2012 at 1:55 pm (UTC-5)
Four energy companies say they plan to build a natural gas pipeline in the remote U.S. state of Alaska and then ship liquefied natural gas to Asia. Officials from Exxon Mobil, ConocoPhillips, BP and TransCanada told Alaska officials late Wednesday the nearly 1,300-kilometer-long pipeline would run from the state’s North Slope energy fields above the […]
US Jobless Benefit Claims Edge Higher
Posted October 4th, 2012 at 12:30 pm (UTC-5)
First-time claims for jobless benefits edged slightly higher in the U.S. last week, signaling the country’s sluggish labor market is advancing only modestly. The government said Thursday that initial requests for unemployment compensation increased 4,000 from the previous week to 367,000, a level economists says is consistent with weak job growth. U.S. financial analysts and […]
European Central Bank Chief Praises Spain Economic Effort
Posted October 4th, 2012 at 10:55 am (UTC-5)
European Central Bank chief Mario Draghi is praising debt-ridden Spain’s efforts to control its spending even as investors fear Madrid will be forced into an international bailout. Draghi offered his assessment of the Spanish austerity program Thursday, just after the central bank’s governing council decided to keep its benchmark lending rate at a record-low three-quarters […]
