U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
President Barack Obama on Thursday urged corporate America to help tackle the nation's highest unemployment in 26 years but also hinted at federal tax credits and aid to states to ease jobless woes.
The dollar is slightly lower against the majors in the Thursday session, drifting past the 1.51-handle versus the euro and around 0.93 against the Australian dollar. Weekly jobless claims, released earlier today was slightly better than expected, drifting lower to 457k from 466k a week earlier and besting estimates for an increase to 480k.
U.S. online job postings fell slightly in November, due to a dip in demand for health care-related positions and employers' continued unease regarding economic recovery, a private research group said on Thursday.
Democrats want increased lending to small businesses and funding for shovel ready transportation projects included in a job-creation bill they hope to pass in Congress next month to address the high U.S. unemployment rate.
A union representing workers at British confectioner Cadbury asked hostile bidder Kraft for a promise on employment security on Monday, saying it was increasingly worried about massive job losses.
Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril this week.
Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril next week.
Another 2,140 workers at First Quench Retailing, the group behind British off-license chains Threshers and Wine Rack, are losing their jobs after the administrator said it would close 391 more stores by Dec. 20.
U.S. stocks edged up on Wednesday after data pointed to stabilizing labor and housing markets, considered two big headwinds slowing down a recovery.
U.S. stocks rose on Wednesday, lifted by positive data on the labor market and housing sector, considered two of the biggest headwinds facing the economy.
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
Finnish mobile phone maker Nokia Oyj said on Tuesday it planned to cut 220 research and development jobs in Japan as it focused on launching fewer, but more iconic, phones.
In a depressed neighborhood in the City of Angels, hundreds of good jobs appeared to fall from the sky last week.
President Barack Obama assured Americans on Monday that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.
The White House said on Monday it was reviewing options to spur economic activity and job creation, but stressed any action would be taken in the context of the fiscal challenges facing the country.
President Barack Obama's December jobs forum may be better at serving his political need to show the White House cares about sky-high U.S. unemployment, than discovering new ways to cheaply boost economic growth.
Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local governments lay off workers and cut spending on contracts and other business services, a think tank said on Thursday.
Nearly two-thirds of U.S. workers intend to look for new jobs next year, according to a poll released on Thursday that could indicate workers' frustration and discontent.
Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local governments lay off workers and cut spending on contracts and other business services, a think tank said on Thursday.
Belgian Prime Minister Herman Van Rompuy was on course on Thursday to become the European Union's president and Briton Catherine Ashton to become its foreign affairs chief, EU officials said
Aetna Inc on Wednesday said it expects to eliminate roughly 1,250 jobs by the end of March 2010, reflecting weak economic conditions and the potential impact of health care reform.
