The U.S. jobless rate edged lower in April, but the government said Friday that job growth in the world’s largest economy was modest. The Labor Department said the unemployment rate fell a tenth of a percentage point from March to 8.1 percent last month. But for the second straight month, more workers left the labor […]
US Jobless Rate Dips, but Job Growth Modest
Posted May 4th, 2012 at 12:30 pm (UTC-5)
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US Jobless Rate Dips, but Job Growth Modest
Posted May 4th, 2012 at 10:25 am (UTC-5)
The U.S. jobless rate edged lower in April, but the government said Friday that job growth in the world’s largest economy was modest. The Labor Department said the unemployment rate fell a tenth of a percentage point from March to 8.1 percent last month. But for the second straight month, more workers left the labor […]
US Jobless Rate Dips, but Job Growth Modest
Posted May 4th, 2012 at 9:05 am (UTC-5)
The U.S. jobless rate edged lower in April, but the government said Friday that job growth in the world’s largest economy was modest. The Labor Department said the unemployment rate fell a tenth of a percentage point from March to 8.1 percent last month. But for the second straight month, more workers left the labor […]
US Jobless Benefit Claims Fall Sharply
Posted May 3rd, 2012 at 12:35 pm (UTC-5)
First-time claims for U.S. jobless benefits fell sharply last week, potentially easing worries about the labor market in the world’s largest economy. The government’s Labor Department reported Thursday that 365,000 newly unemployed workers sought unemployment compensation, down 27,000 from the week before. It was the biggest weekly drop in initial claims in nearly a year. […]
Geithner Urges China to Accelerate Economic Reforms
Posted May 3rd, 2012 at 6:10 am (UTC-5)
U.S. Treasury Secretary Timothy Geithner on Thursday urged China to let the value of its tightly-controlled currency rise, as top diplomats from both countries gathered in Beijing for annual talks on economic and security issues. Geithner’s comments came at the start of the two-day U.S.-China Strategic Dialogue, which has been overshadowed by a political drama […]
Geithner Urges China to Accelerate Economic Reforms
Posted May 3rd, 2012 at 3:45 am (UTC-5)
U.S. Treasury Secretary Timothy Geithner on Thursday urged China to let the value of its tightly-controlled currency rise, as top diplomats from both countries gathered in Beijing for annual talks on economic and security issues. Geithner’s comments came at the start of the two-day U.S.-China Strategic Dialogue, which has been overshadowed by a diplomatic dispute […]
Geithner Urges China to Accelerate Economic Reforms
Posted May 3rd, 2012 at 2:45 am (UTC-5)
U.S. Treasury Secretary Timothy Geithner on Thursday urged China to let the value of its tightly-controlled currency rise, as top diplomats from both countries gathered in Beijing for annual talks on economic and security issues. Geithner’s comments came at the start of the two-day U.S.-China Strategic Dialogue, which has been overshadowed by a diplomatic dispute […]
Eurozone Unemployment at Record High
Posted May 2nd, 2012 at 11:30 am (UTC-5)
Employment figures from the European Union show the jobless rate for countries using the euro has climbed to a 15-year high. The Eurostat data agency reported Wednesday that unemployment reached 10.9 percent in March, up from 10.8 percent in February. The March figure translates to 17.4 million people unemployed in the eurozone. Unemployment was the […]
US Consumer Spending Grows at a Slower Pace
Posted April 30th, 2012 at 11:45 am (UTC-5)
U.S. consumer spending — the biggest part of the world’s largest economy — continued to grow in March, but at a slower pace than earlier in the year. Consumer spending drives 70 percent of the American economy, so analysts examine its pace to assess the overall health of the country’s economic fortunes. The U.S. government’s […]
Spain Falls into Recession
Posted April 30th, 2012 at 9:10 am (UTC-5)
Spain’s economy has slumped into a recession. Spain’s National Statistics Institute data showed Monday that the country’s economy shrank 0.3 percent in the first quarter of 2012. The news comes as Standard & Poor’s agency downgraded the ratings of several top Spanish banks, including BBVA and Santander. Meanwhile, the 17-nation euro currency bloc said its […]
