U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.
Federal Reserve monetary policy is unlikely to pushed off course by December's surprising job losses, a senior Fed official said on Monday.
Two Federal Reserve officials said on Friday they would like to see the U.S. jobs picture improve before the central bank withdraws its extraordinary support for the economy and markets.
U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth.
The Dow and the S&P 500 edged lower on Friday from 15-month highs after hopes for a quick turnaround in the labor market were knocked by an unexpectedly weak employment report.
United Parcel Service Inc raised its fourth-quarter profit forecast on Friday but said it was cutting another 1,800 management and administrative jobs.
The U.S. unemployment rate will likely decline only gradually, giving the Federal Reserve room to keep interest rates low until the economic recovery becomes self-sustaining, a top Federal Reserve policymaker said on Friday.
President Barack Obama got some unwelcome news on Friday showing unemployment still stuck at 10 percent in December and that businesses had unexpectedly shed another 85,000 jobs.
President Barack Obama should move quickly in 2010 to win approval of long-delayed free trade agreements that would help create new U.S. jobs without adding to the budget deficit, business officials said.
Foot Locker said it was consolidating its management team, cutting jobs and closing 117 stores this quarter as the athletic shoe retailer reorganizes its business under its new chief executive officer.
President Barack Obama on Friday is making his promised hard pivot to jobs, following up the morning's release of December unemployment figures with an East Room announcement at 2:40 p.m. ET about stimulus dollars going to clean-tech jobs.
U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping
U.S. employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama to find ways to spur job growth.
Tribune Co's Los Angeles Times said it would close its printing operations in Orange County, California, resulting in about 80 layoffs, as part of cost-cutting measures.
It would be good to see more improvement in the U.S. job market before exiting some stimulus programs, a top U.S. Federal Reserve official said on Friday.
Global stocks advanced on Friday, anticipating an improvement in all-important U.S. monthly jobs data, while the dollar fell from a four-month high against the yen after Japan's new finance minister backed off his call for a weaker currency. Crude oil prices dipped, extending losses the previous day on worries about tighter Chinese monetary policy. Safe-haven government bonds were mostly steady. ...
A monthly barometer of online U.S. employment demand fell in December from November amid a year-end pause in recruitment activity, a private research group said on Thursday.
Hedge funds are at the top of a list of financial career categories with fewer job postings compared to a year ago in the United States.
Stocks were down on Thursday alongside weak global markets as the U.S. dollar strengthened after the government reported a slight increase in initial jobless claims.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Asian shares edged up on Thursday, buoyed by resource shares, while the dollar was on the defensive after minutes from the Federal Reserve's latest policy meeting suggested the possibility of more stimulus measures for the U.S. economy.
