New York (CNNMoney) - Hiring was lukewarm last month, with employers adding jobs but not enough to bring the unemployment rate down.
The economy added 80,000 jobs in June, the Labor Department reported Friday, barely an improvement from the 77,000 jobs added in May.FULL STORY
New York (CNNMoney) – Hiring slowed dramatically in March, clouding optimism about the strength of the recovery.
Employers added 120,000 jobs in the month, the Labor Department reported Friday, marking a significant slowdown in hiring from February, when the economy added 240,000 jobs.FULL STORY
(CNN) – Federal Reserve Chairman Ben Bernanke headed back to the classroom Tuesday, and defended the Fed against its most outspoken critic, Ron Paul.
In a lecture otherwise about Fed history and the Great Depression, Bernanke devoted four slides to discussing "problems of the gold standard."FULL STORY
New York (CNNMoney) - Hiring remained strong in February, but the overall job market is not out of the woods yet.
Employers added 227,000 jobs in February, the Labor Department reported Friday, a pinch slower than in January, when the economy added 284,000 jobs.FULL STORY
New York (CNNMoney) - The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.
But income inequality, Europe's debt crisis, and continued weakness in the housing market could still pose challenges, according to a report released by President Obama's Council of Economic Advisers.FULL STORY
New York (CNNMoney) - American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.
Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs.FULL STORY
New York (CNNMoney) – The economy is improving, the Federal Reserve said Wednesday, but not enough to warrant higher interest rates for at least two-and-a-half more years. The central bank indicated that it expects to keep the federal funds rate near historic lows until late 2014 - an extension from the Fed's original pledge to keep rates low through mid 2013.
The "economy has been expanding moderately, notwithstanding some slowing in global growth," the Fed said in a statement Wednesday.FULL STORY
New York (CNNMoney) - Sounding a bit like a broken record, Ben Bernanke once again urged lawmakers to not put the recovery at risk as they focus on slashing government spending over the long haul.
While the Federal Reserve Chairman's comments were nothing new, they seemed perfectly timed to coincide with the first meeting of the 12-member bipartisan debt super committee Thursday.FULL STORY
NEW YORK (CNNMoney) - Hiring slammed to a complete halt in August as several fresh challenges put the American economy in turmoil.
Employers added no jobs during the month and the unemployment rate remained at 9.1%, the Labor Department said Friday.FULL STORY