Wall Street was set to fall more than 1 percent at the open on Friday after data showed U.S. employment growth ground to a halt in August, adding to worries about the health of the economy.
The U.S. economy created no net new jobs in August -- a disappointing report that will likely increase pressure on the U.S. Federal Reserve to deploy additional monetary tactics to help rev-up GDP growth to create the millions of jobs the nation needs. Also, the unemployment rate remained the same, at an eye-sore level of 9.1 percent.
Amid a dismal August jobs report Friday that showed a net zero jobs were created in the U.S. last month, fueling concerns that the nation is heading for another recession, pressure mounts on President Barack Obama ahead of his major jobs speech before Congress on Sept. 8.
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Stock index futures fell on Friday ahead of labor market data expected to underscore fears the economy is headed for another recession and as concerns about the euro zone debt crisis resurfaced.
College graduates in debt-stricken Portugal have been migrating in large numbers to its former colonies such as Brazil, Angola, and Mozambique to find work
The next ten years will see a major change in the needs of the job market as a generation ages. According to analysts at 24/7 Wall St., healthcare and finance sector jobs will grow the most in the next decade.
Top Ten Things Barack Obama Should Say In His Speech on Jobs Next Week
Stock index futures fell on Friday ahead of labor market data expected to underscore fears the economy is headed for another recession and as concerns about the euro zone debt crisis resurfaced.
Brent crude hovered at $114 a barrel Friday, on track for its second consecutive weekly gain, as investors eyed U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession.
What do Lady Gaga, Jay-Z, Justin Timberlake and Ashton Kutcher have in common with Mark Zuckerberg, Larry Page and Sergey Brin? Well, they are the innovative visionaries, according to Vanity Fair's New Establishment list.
Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales tax on hold for two years.
Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week despite a slump in confidence that threatened to push the economy back into recession.
It's been said for many years in Wall Street circles that Sprint has no where to go but up, and if the company can add Apple's iPhone 5 to its smartphone offerings this autumn, Sprint's revenue will likely do just that -- head up.
Although the nation's unemployment rate currently stands at 9.1 percent, the U.S. refused to be swayed by AT&T's offer of job creation, and has moved to block the merger between the telecom giants.
President Barack Obama didn't mind move the date of his major jobs speech before Congress for Republicans, and now he's planning to get it over in time on Sept. 8 so that it doesn't conflict with the season-opening NFL game that night between the Green Bay Packers and the New Orleans Saints.
The combination would also cut down the number of big-time players in the sector to just three: AT&T, Verizon (NYSE: VZ), and Sprint Nextel (NYSE: S).
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Portugal is mired in staggering debt, high unemployment and drastic budget cuts to social services
Republican presidential candidate Jon Huntsman called the controversy over the timing of President Obama's speech to Congress concerning jobs nonsense, saying it is what people hate about politics.
President Barack Obama will throw down the gauntlet with a major speech before Congress on Sept. 8 that promises to be a defining moment for his term of office. Obama will establish the stakes for solving America's unemployment problem and likely politically live or die by the results. The move, expected to come with a controversial price tag, will determine whether Obama and Democrats or Boehner and Republicans can emerge from gridlock in a presidential election year with the stronger hand. ...
President Barack Obama has bowed to pressure from Republicans and moved the original date of his scheduled high-profile jobs speech. Obama had planned to deliver his major speech suggesting new jobs initiatives that could set the political agenda in Washington for the coming months on Sept. 7 -- but after a Republican request for a date change, it Will be on Sept. 8.