Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending.
“In the short term I would believe that we ought to maintain a reasonable [...]
Posts Tagged ‘unemployment rate’
Bernanke Says Extending Bush’s Tax Cuts Would Maintain Economic Stimulus
July 24th, 2010 by Financial Writer
Tags: ben bernanke, economic recovery, economists, Federal Reserve, Global Economy, interest rates, unemployment rate, us, us economy, us stocks
more...Stocks jittery after jobs report
July 2nd, 2010 by Financial Writer
Stocks slipped Friday as investors eyed the weaker-than-expected June jobs report, and were cautious ahead of the long holiday weekend.
The Dow Jones industrial average (INDU) lost 36 points, or 0.4%, the Nasdaq (COMP) composite fell 8 points or 0.4% and the S&P 500 (SPX) index dipped 3 points, or 0.3%. On Thursday, the Dow and [...]
Tags: debt crisis, Dow Jones Industrial, economic, economists, european economy, investor market, Nasdaq composite, stock market, unemployment rate, us economic, us economy
German Investor Sentiment Plunges on Debt Crisis
June 15th, 2010 by Financial Writer
German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy.
Greece’s near default has prompted governments from Berlin to Madrid to implement budget cuts to convince investors they can tame deficits, threatening to damp demand and hurt the region’s economic recovery. While [...]
Tags: business, debt crisis, economic recovery, euro zone, european central bank, european economy, european stocks, germany, investors, unemployment rate
TREASURIES-Bonds down on jobs improvement, looming auction
June 10th, 2010 by Financial Writer
* Jobless claims, looming auction weighs on bonds
* 30-year bonds fall a point
* $13 bln long bond auction at 1 p.m.
* Pre-sale losses yield strong auction demand this week (Adds quote, details, updates prices)
U.S. Treasuries fell on Thursday as signs of improvement in weekly jobs data added fuel to a sell-off ahead of a $30-year [...]
Tags: economy, economy recovery, european economy, european union, financial crisis, fiscal crisis, global financial markets, unemployment rate, us economy, US Treasuries
Economy growing slowly but steadily
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
Stocks fall on jobs report and euro
June 4th, 2010 by Financial Writer
Stocks slumped Friday after a government report showed employers added fewer jobs than expected last month and the euro plunged to a new 4-year low, reviving worries about the health of the European economy.
The Dow Jones industrial average (INDU) lost 200 points, or 1.9%. The S&P 500 index (SPX) gave up 21 points, or 2%. [...]
Tags: Dow Jones Industrial, economy recovery, european economy, european markets, financial, financial stocks, Nasdaq composite, stock market, unemployment rate, united technologies, us economy, us stocks
U.S. economy added 290,000 jobs in April
May 7th, 2010 by Financial Writer
Jobless rate rises to 9.9 percent as size of labor force increased
WASHINGTON - U.S. employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery gaining steam.
Employers added 290,000 jobs in April, the Labor Department said Friday, far more than analysts had expected. [...]
Tags: barack obama, businesses, financial markets, Global Economy, stock market, unemployment rate, us economic recovery, us economy, us employment, us job market, USA
Productivity Continues to Rise
May 6th, 2010 by Financial Writer
U.S. productivity rose faster than expected in the first three months of the year, though the gains were more modest than in previous quarters as the recovery continued to take hold.
Separately, the number of U.S. workers filing new claims for jobless benefits fell a third consecutive time last week in a sign that the labor [...]
Tags: business, Dow Jones Industrial, economic, economic recovery, economy, Federal Reserve, interest rates, unemployment, unemployment rate, us economy, us manufactured, us workers, USA
Stock Start Weak on Euro-Zone Worries
May 5th, 2010 by Financial Writer
NEW YORK—U.S. stocks tumbled after the opening bell, hit by heightened concerns over Europe as violence erupted in Greece and a possible downgrade loomed over Portugal’s debt.
The Dow Jones Industrial Average slid 86 points, or 0.8%, to 10840, in early trading, extending Tuesday’s 225-point drop. The Nasdaq Composite fell 1.3% and Standard & Poor’s 500-stock [...]
Tags: banks, Dow Jones Industrial, economy, investors, stock market, unemployment rate, us economy, us stocks, wall street
Economic outlook is cautious even with spending up
May 3rd, 2010 by Financial Writer
WASHINGTON — Factories are churning out more goods. Consumers are spending. Government aid is fueling construction activity. But stagnant pay and weak hiring will likely restrain the economic rebound in coming months.
That cautionary picture emerged from a series of economic reports Monday.
Consumers stepped up their spending in March by the largest amount in five months. [...]
Tags: businesses, commerce department, economy, housing market, inflation, money, recession, U.S. markets, unemployment rate, us economy