The U.S. central bank says the American economy steadily advanced in late winter, but noted that sharply rising gasoline prices could curtail business and consumer spending in the coming months. In one of its periodic Beige Book reports, the Federal Reserve said Wednesday that the U.S. economy, the world’s largest, expanded at a “modest to […]
US Says Its Economy Grew Steadily in Recent Weeks
Posted April 11th, 2012 at 3:45 pm (UTC-5)
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Obama: Women’s Issues ‘Impact All of Us’
Posted April 6th, 2012 at 12:30 pm (UTC-5)
U.S. President Barack Obama used a White House conference on women Friday to highlight steps his administration has taken to improve opportunities and access for women in areas such as education, business and health care. Addressing Friday’s Forum on Women and the Economy, President Obama said women are not some monolithic bloc or “interest group” […]
US Jobless Rate Edges Down, but Hiring Pace Slows
Posted April 6th, 2012 at 11:25 am (UTC-5)
The U.S. unemployment rate edged down last month, but employers slowed their robust hiring pace of the past few months. The government’s Labor Department said the jobless rate dropped one-tenth of one percentage point in March, to 8.2 percent. That is the lowest unemployment rate since January 2009, just before the U.S. faced its worst […]
White House Hosts Forum on Women and the Economy
Posted April 6th, 2012 at 10:40 am (UTC-5)
The White House is hosting a conference Friday to highlight ways the Obama administration has “helped create economic security for women.” Valerie Jarrett, chair of the White House Council on Women and Girls, opened Friday’s Forum on Women and the Economy. She said President Barack Obama has taken “historic steps” to appoint more women to […]
US Jobless Rate Edges Down, but Hiring Pace Slows
Posted April 6th, 2012 at 9:35 am (UTC-5)
The U.S. unemployment rate edged down last month, but employers slowed the robust hiring pace of the past few months. The government’s Labor Department said the jobless rate dropped one-tenth of one percentage point in March , to 8.2 percent. That is the lowest unemployment rate since January 2009, just before the U.S. faced its […]
Good News Anticipated from New US Jobless Report
Posted April 6th, 2012 at 6:35 am (UTC-5)
Economists are predicting U.S. employers added at least 200,000 more jobs in March when the the Labor Department releases its monthly unemployment report Friday. The average forecast calls for 205,000 jobs added last month, with the unemployment rate holding steady at 8.3 percent. If the forecasts hold true, it would mark the fourth straight month […]
US Jobless Benefit Claims Dip to Four-Year Low
Posted April 5th, 2012 at 10:00 am (UTC-5)
The number of unemployed U.S. workers seeking new jobless benefits fell to a four-year low last week, as the labor market strengthens in the world’s largest economy. The government’s Labor Department said that 357,000 workers made first-time claims for unemployment compensation, down 6,000 from the week before. That was the lowest total since April 2008. […]
Spain’s Rajoy: Economic Situation One of ‘Extreme Difficulty’
Posted April 4th, 2012 at 2:15 pm (UTC-5)
Spanish Prime Minister Mariano Rajoy says that his nation’s economic plight is one of “extreme difficulty” and that the country may need an international bailout. The Spanish leader told a meeting of his People’s Party on Wednesday that those who do not understand the severity of the country’s problems are “fooling themselves.” He has suggested […]
IMF Chief Lays Out Agenda for Global Recovery
Posted April 4th, 2012 at 4:30 am (UTC-5)
The head of the International Monetary Fund is warning world leaders against a false sense of security as the global economy recovers from its hardest winter in a generation. Speaking in Washington Tuesday, IMF Managing Director Christine Lagarde said she sees welcomes signs of a thaw in the world economy compared to a few months […]
Fed Not Planning New Measures to Stimulate Economy
Posted April 3rd, 2012 at 6:10 pm (UTC-5)
U.S. Federal Reserve policymakers are showing very little enthusiasm for new measures to stimulate the economy. Notes from a March 13th meeting released Tuesday also show that Fed officials are worried that recent improvements in unemployment numbers could diminish if the economy slows down again this year. Fed Chairman Ben Bernanke said in a speech […]
