Los Angeles, the second-largest city in the United States, is confronting a mounting budget deficit that threatens to force thousands of job cuts, deplete its fiscal reserve and further damage its credit rating.
President Barack Obama on Thursday warned the country's recovery would not be complete until more citizens find work and the United States borrows less money from other countries.
Lawmakers in the Senate unveiled a long-awaited bipartisan jobs bill on Thursday that relies on business tax breaks and construction projects to bring down the unemployment rate.
Wall Street was set to open higher on Thursday as key euro zone officials struck a deal to help Greece with its debt crisis, and U.S. data showed claims for first-time jobless benefits fell more than expected last week.
Stock index futures rose on Thursday as key euro zone officials struck a deal to help Greece with its debt crisis, while investors awaited data on the health of the labor market.
Stock index futures rose on Thursday with the spotlight on a European summit that could set the blueprint for aid to debt-laden Greece, while investors awaited data on the health of the labor market.
President Barack Obama found common ground with Republicans on Tuesday over his top priorities of job creation and deficit reduction but drew a rebuke on healthcare reform.
President Barack Obama sought common ground with Republicans on Tuesday over his top priorities of job creation and deficit reduction, winning hints of support in both areas but a rebuke on healthcare reform.
President Barack Obama sought common ground with Republicans on Tuesday on his top policy priorities of job creation and deficit reduction, winning hints of support in both areas but a rebuke on healthcare reform.
President Barack Obama convened a meeting of Top Republican and Democratic leaders on Tuesday in the White House and called on the two parties to focus on creating jobs and cooperating on battled economy.
President Barack Obama, reaching out to lawmakers in both U.S. political parties, said on Tuesday he hoped Congress would soon deliver a package of measures to boost U.S. employment and economic growth.
President Barack Obama said on Tuesday he hoped Congress would soon deliver a package of measures to boost U.S. employment and growth.
(Corrects final paragraph to show Dow briefly slipped below 10,000 on Thursday, but didn't close there)
(Corrects paragraph 2 to show Dow didn't close below 10,000 on Thursday, but did slip briefly below that level)
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
U.S. stocks fell on Friday, failing to recover from the previous day's brutal selloff, after U.S. jobs data pointed to a slow recovery and investors worried about the health of the euro zone's weakest economies.
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
U.S. stocks fell in choppy trade on Friday as investors struggled to interpret a mixed jobs report, while sovereign debt troubles in the euro zone roiled markets heading into the weekend.
The White House on Friday welcomed the Labor Department's report that the unemployment rate had fallen to a five-month low, saying it showed encouraging signs of gradual labor market healing.
U.S. stocks edged higher on Friday after a mixed jobs report and despite lingering worries over the fiscal health of some European countries.
U.S. stocks edged higher on Friday after a mixed jobs report and despite lingering worries over the fiscal health of some European countries.
Payrolls unexpectedly fell in January, but the unemployment rate surprisingly dropped to a five-month low, according to a government report on Friday that hinted at labor market improvement.