UNEMPLOYMENT

Dudley speaks at the Bretton Woods Committee International Council conference in Washington

Fed Officials Push More Stimulus for Housing

Two top Federal Reserve officials on Friday pushed the case for more stimulus from the U.S. central bank to help the economic recovery, each zeroing in on the country's weak housing market.

2012 Trends: 5 Items to Get Cheaper in 2012

Best Tablets Under $299 To Debut in 2012
The times and trends are always changing, and some benefit consumers while others do not. But the shopping Web site dealnews did a good job in recent days noting things that will be less expensive and more expensive in 2012. Among the items that will get cheaper in 2012, according to dealnews, is wine and homes.
U.S. Gas Prices

U.S. Unemployment Drops, But Higher Gas Price Threat Rises

The latest government report shows that robust hiring activity in December -- better than expected -- pushed unemployment to its lowest level in three years. The Labor Department said December unemployment was 8.5 percent in America, and level we haven't seen since February 2009.
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Strong ADP Private-Sector Hiring Result Tops Consensus Estimate; Bond Falls

A Thursday report based on payrolls showed that the U.S. private sector added more jobs than forecast in December, a very bullish sign that added to the hope of a strong official Labor Department report on Friday. Bond prices briefly turned down on the news. Yields on 10-year notes declined 2 basis points to 1.96 percent, after touching 2.03 percent following the data.
PepsiCo CEO Indra Nooyi

PepsiCo Layoff Rumblings Confirm Trend for Mass Firings

PepsiCo's reported plans to lay off about 4,000 employees, if confirmed, would be only the latest in a round of mass layoffs large American manufacturers have announced or put into effect just 5 days into the new year.
Rick Santorum

Rick Santorum Blasted by NAACP for Racial Remarks [VIDEO]

At a campaign stop in Sioux City, Iowa, on Sunday, Santorum said of entitlement programs, I don't want to make black people's lives better by giving them somebody else's money. I want to give them the opportunity to go out and earn the money.
A flyer advertising holiday job listings is seen at the North Metro Department of Labor Career Center in Atlanta

Private hiring surges, jobless claims dip

Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012.
A flyer advertising holiday job listings is seen at the North Metro Department of Labor Career Center in Atlanta

U.S. Jobless Claims Fall 15,000 to 372,000

New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely Eurozone recession.
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Ten Surprises for 2012: Blackstone

Byron Wien, vice chairman at Blackstone Advisory Partners issued his list of surprises for 2012 on Wednesday. The tradition of giving his views on a series of economic, financial market and political surprises for the coming year started in 1986.
Man carries boxes after being let go

Disturbing Job Charts: Will 2012 Be a Better Year?

As we head into the election year, it is worth noting that no American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent. Despite the recent positive headlines, this series of charts on the U.S. employment situation paints a rather grim picture.
Asia's Markets

Asia's Markets Close Mixed Wednesday; Nikkei Rises

Japan's leading share average rose to a three-week closing high on Wednesday after better-than-expected economic data from the United States and China, although strategists said the rally could stall if the euro holds below 100 yen.
Traders working at the New York Stock Exchange

Wall Street Starts 2012 with Strong Gains

Wall Street stocks kicked off 2012 with a sharp rally on Tuesday after data showed U.S. manufacturing activity and construction spending picked up, signaling the economic recovery was gaining steam.
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Futures Jump After Chinese, German Data

Stock index futures rose sharply on Tuesday as upbeat Chinese and German data boosted optimism about the global economy after the S&P 500 index ended flat in 2011.

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