The U.S. central bank chief says the country’s labor market remains “far from normal,” even after months of employment gains. The unemployment rate for the world’s largest economy fell to 8.3 percent earlier this year, and 1.2 million jobs have been added in the last six months. But the chairman of the Federal Reserve, Ben […]
US Central Bank Chief Says Economy Still Shaky
Posted March 26th, 2012 at 10:00 am (UTC-5)
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Eurozone Business Activity Declines in March
Posted March 22nd, 2012 at 3:55 pm (UTC-5)
Data published Thursday show business activity declined in March for the 17 nations and use the euro. Experts say it may mean Europe is headed for a recession. Markit Economics says its economic index showed business activity shrank in February and worsened slightly this month. The eurozone’s economy shrank three-tenths of a percent in the […]
Eurozone Business Activity Slid in March
Posted March 22nd, 2012 at 10:15 am (UTC-5)
A new report says business activity slid further this month in Europe’s 17-nation euro currency bloc, another sign that the region is virtually in a recession. Markit Economics said Thursday that its economic index for the eurozone fell from February to March, with both months under the threshold that would indicate the currency bloc’s economy […]
US Jobless Claims Dip to Four-Year Low
Posted March 22nd, 2012 at 8:55 am (UTC-5)
New claims for U.S. unemployment benefits fell last week to a four-year low, another sign that the country’s labor market is strengthening. The government reported Thursday that 348,000 workers made first-time applications for assistance last week, down 5,000 from the previous week. It was the lowest total since February 2008. U.S. companies have been dismissing […]
US Home Sales Rebounding
Posted March 21st, 2012 at 1:30 pm (UTC-5)
The U.S. housing market has been the weakest link of the country’s economic recovery from its recession, but new sales totals show the industry is rebounding. Banks assumed ownership of millions of houses in the United States in the last few years as homeowners, many of them laid off from their jobs, were unable to […]
Greek Health Workers Protest Government Austerity
Posted March 21st, 2012 at 11:40 am (UTC-5)
Greek health workers are disrupting state hospital services in a renewed protest against the government’s austerity measures and delays in receiving their paychecks. Doctors and staff walked off the job for several hours Wednesday and engaged in a work slowdown. They demanded that the government pay them for their overtime work from the last four […]
Greek Health Workers Protest Government Austerity
Posted March 21st, 2012 at 9:25 am (UTC-5)
Greek health workers are disrupting state hospital services in a renewed protest against the government’s austerity measures and delays in receiving their paychecks. Doctors and staff walked off the job for several hours Wednesday and engaged in a work slowdown. They demanded that the government pay them for their overtime work from the last four […]
Greece’s Financial Plight Eases Slightly
Posted March 20th, 2012 at 9:25 am (UTC-5)
Greece’s financial plight is easing a bit, with the government receiving the first segment of its new bailout and at the same time attracting investors for a bond offering. Greek officials said Tuesday the Athens government has received $10 billion from its European neighbors and the International Monetary Fund. The payment kept Greece from defaulting, […]
Higher Gasoline Costs Boost US Consumer Prices
Posted March 16th, 2012 at 12:40 pm (UTC-5)
The U.S. Labor Department says that sharply rising gasoline costs boosted consumer prices in the country in February by the most in 10 months. With the price of gasoline increasing almost daily in the United States in recent weeks, officials said Friday that consumer costs advanced 0.4 percent last month. Almost all of the increase […]
Europe Looking to Boost Its Bailout Fund
Posted March 16th, 2012 at 9:00 am (UTC-5)
The 17-nation euro currency bloc appears ready to boost the size of the continent’s bailout fund to handle future financial emergencies of its debt-ridden countries. A new $656 billion rescue fund is set to take effect in July. But financial experts in Europe and elsewhere say the fund is too small, and should be increased […]
