U.S. employment growth was likely too weak in October to pull down the nation's lofty jobless rate, though it may have been strong enough to suggest some economic momentum is building.
Just when you think the United States economy is about to tip back into a recession -- the dreaded double-dip -- up pops the unexpected -- modestly encouraging economic news, in the form of worker productivity and unit labor costs.
The number of people seeking state unemployment benefits fell for the third straight week, government data showed on Thursday, signaling some hopeful progress in the labor market.
Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.
Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.
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Hospital association says strikes harm patients.
Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading on Wednesday after a source said the European Union and International Monetary Fund will not release an 8 billion euro payment to Greece until after its planned referendum.
The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.
The Monetary Policy report from the FOMC was released today as Federal Reserve Chairman; Ben Bernanke will offer his third live video press conference of the year today at 2:15 EDT.
The FOMC statement released on Wednesday announced that the Federal Reserve will continue its program of Operation Twist to support the economy.
Stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data as investors eyed a crisis meeting about Greece and a Federal Reserve policy session.
Upbeat job market data helped stocks bounce off two days of losses on Wednesday, with a crisis meeting about Greece and the end of a U.S. monetary policy session also on investors' minds.
The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later.
The Canadian dollar strengthened against its U.S. counterpart in early trade on Wednesday as global markets settled between hope and fear amid Greek debt developments and ahead of a Federal Reserve meeting.
U.S. private employers added more jobs than expected last month, while planned layoffs dropped sharply, underscoring the view the economy is on a path of slow growth.
Gold prices rose Wednesday on bargain hunting, continued strong demand from central banks for bullion and a weaker dollar.
Stock index futures edged higher on Wednesday, following two days of sharp market losses, with developments in Greece and a U.S. monetary policy meeting in focus.
The growth of borrowing among small U.S. businesses moderated in September but the overall level still registered a 14th monthly double-digit increase in a fresh sign the economy is set to grow at a stable pace.
Gold firmed on Wednesday, helped by safe-haven demand as the Eurozone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.
European stocks turned negative after early gains Wednesday, adding to a sharp two-session drop as investors dumped banking shares on fresh concerns about the euro zone debt crisis.
Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 1 percent.