The U.S. economy had a net gain of 103,000 jobs in September, but the unemployment rate stayed steady at a relatively high 9.1 percent. Friday’s report from the Labor Department says the gains came largely from new jobs in the private sector. The monthly job gains were stronger than most economists had predicted and include […]
No Change Expected in US Unemployment Rate
Posted October 7th, 2011 at 7:20 am (UTC-5)
The U.S. unemployment rate is expected to remain unchanged when the government issues its September jobs report on Friday. Economists are predicting that employers added between 55,000 and 60,000 people to their payrolls last month — keeping the unemployment rate at 9.1 percent for the third straight month. Much of September’s job gains would reflect […]
Bank of Japan Keeps Interest Rate Unchanged
Posted October 7th, 2011 at 1:00 am (UTC-5)
Japan’s central bank has kept its key interest rate unchanged at virtually zero and extended an emergency loan program for disaster-hit regions. The Bank of Japan’s nine-member policy board on Friday described the country’s economy as “picking up” after the March 11 earthquake and tsunami that devastated production and exports. The BoJ also decided to […]
Australian PM Optimistic About Economy
Posted October 6th, 2011 at 6:10 pm (UTC-5)
Australia Prime Minister Julia Gillard says the country’s economy has recovered after the global crisis two years ago and that it will continue to grow. Speaking Thursday at the Future Jobs Forum in the capital Canberra, Ms. Gillard said the employment has grown five percent mainly due to expansion in mining and construction industries. She […]
Eurozone Leader Says Greece Likely to Get New Aid
Posted October 6th, 2011 at 2:40 pm (UTC-5)
The chief financial official of the eurozone nations says he thinks Greece’s international creditors will soon approve its bid for another round of financial aid to help it avoid a default on its debts. Luxembourg Prime Minister Jean-Claude Juncker said Thursday he expects auditors from the International Monetary Fund, the European Central Bank and the […]
Europe Leaves Its Key Interest Rate Unchanged
Posted October 6th, 2011 at 12:45 pm (UTC-5)
Europe’s central bank has decided to leave its benchmark interest rate unchanged, even as the continent’s economy weakens. But its British counterpart has decided to pump more money into the economy in an effort to stave off a new recession. The European Central Bank said Thursday it considered lowering its key lending rate of 1.5 […]
Europe Leaves Key Interest Rate Unchanged
Posted October 6th, 2011 at 10:40 am (UTC-5)
Europe’s central bank has decided to leave its benchmark interest rate unchanged, even as the continent’s economy weakens. But its British counterpart has decided to pump more money into the British economy in an effort to stave off a new recession. The European Central Bank said Thursday it considered lowering its key lending rate of […]
US Jobless Benefit Claims Edged Up Last Week
Posted October 6th, 2011 at 9:10 am (UTC-5)
More jobless workers in the U.S. sought government financial assistance last week, the latest signal that the American economy is still struggling. The government said Thursday that 401,000 workers made initial claims for unemployment compensation, up 6,000 from the week before. Economists say that the weekly figure has to consistently fall to 375,000 or less […]
China Urges Banks to Help Suffering Small Businesses
Posted October 6th, 2011 at 5:30 am (UTC-5)
China is urging banks to loosen up lending to small businesses, which account for most of the country’s job growth but have been hard hit by tight money policies aimed at slowing inflation. The official Xinhua news agency says Premier Wen Jiabao raised the issue this week during a visit to eastern Zhejiang province, a […]
Reports Say US Added Jobs and Increased Layoffs in September
Posted October 5th, 2011 at 1:15 pm (UTC-5)
New reports say that some private companies in the United States added a modest number of jobs last month even as other employers sharply trimmed their payrolls. A payroll management firm, Automatic Data Processing, said private corporations added 91,000 jobs in September, a slight increase over August. It said smaller and medium-sized companies hired most […]
