The unemployment rate in the United States increased to 9.2 percent in June, the highest level this year. Friday’s report from the Labor Department showed that American employers added only 18,000 jobs in June, the smallest increase in nine months and another indication that the U.S. economy is still struggling to recover from a deep […]
US Unemployment Rate Climbs to Year’s Highest Level
Posted July 8th, 2011 at 10:20 am (UTC-5)
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US Unemployment Rate Climbs to Year’s Highest Level
Posted July 8th, 2011 at 9:30 am (UTC-5)
The unemployment rate in the United States increased to 9.2 percent in June, the highest level this year. Friday’s report from the Labor Department showed that American employers added only 18,000 jobs in the month of June, the smallest increase in nine months and another indication that the U.S. economy is still struggling to recover […]
US Unemployment Rate Climbs to 9.2 percent
Posted July 8th, 2011 at 8:50 am (UTC-5)
The unemployment rate in the United States increased to 9.2 percent in June. Friday’s report from the Labor Department showed that American employers added only 18,000 jobs in the month of June, the smallest increase in nine months and another indication that the U.S. economy is still struggling to recover from a deep recession. The […]
US Jobless Claims Down Slightly
Posted July 7th, 2011 at 9:50 am (UTC-5)
Fewer Americans submitted first-time applications for unemployment insurance last week though millions continue to rely on the U.S. government for help. Thursday’s report from the U.S. Labor Department said there were 418,000 first-time claims last week, a decrease of 14,000 from the week before. The number of out of work Americans continuing to get government […]
Barroso Slams Portugal Credit Downgrade
Posted July 6th, 2011 at 11:35 am (UTC-5)
European Commission President Jose Barroso says he deeply regrets Tuesday’s decision by Moody’s Investors Service to downgrade Portugal’s credit rating. Two months ago, Portugal received an aid package worth more than $100 billion, but Moody’s says it thinks Portugal will need a second bail out. Speaking in Strasbourg Wednesday, Barroso said Portugal has begun an […]
China Again Raises Interest Rates to Fight Inflation
Posted July 6th, 2011 at 8:00 am (UTC-5)
China has raised interest rates for a third time this year, in another effort to cool inflation that is surging at its fastest pace since 2008. The central bank said Tuesday it increased the benchmark rate paid for one-year deposits to 3.5 percent from 3.25 percent. The one-year lending rate will increase to 6.56 percent […]
Governments, Bankers Work to Rescue Greek Bailout
Posted July 5th, 2011 at 3:35 pm (UTC-5)
International bankers and European government officials are trying to come up with a financial rescue plan for Greece without creating more problems. International bankers met in Paris Tuesday and planned more meetings Wednesday after some of the world’s top credit rating agencies warned that a French proposal could still leave the Greek economy in trouble. […]
US Factory Orders Point to Improving Economy
Posted July 5th, 2011 at 11:25 am (UTC-5)
U.S. factories received more orders for goods in May, an indication the country’s manufacturing sector is growing stronger. The Commerce Department said Tuesday that factory orders rose eight-tenths of a percent in May after falling nine-tenths of a percent the month before. The report says much of the jump was the result of increased orders […]
S&P Warns on Terms of Greece Bank Plan
Posted July 4th, 2011 at 2:25 pm (UTC-5)
The credit rating agency Standard & Poors warned Monday that Greece could be considered in default on its debts under a French proposal for private banks to agree to “roll over” loans to the Greek government. The French proposal was designed to help Greece avoid defaulting on its private debt, but S&P said under its […]
President Obama Repeats Call for Deficit Cuts and Job Growth
Posted July 2nd, 2011 at 5:35 am (UTC-5)
) U.S. President Barack Obama says cutting the country’s deficit and creating a climate for job growth remain central to his presidency. During his weekly broadcast and Internet address Saturday, Mr. Obama said no programs should be exempt when Congress looks for ways to trim the deficit. The president also said the very wealthy should […]
