UNEMPLOYMENT

November's jobs data was shockingly bad and casts doubt on the optimism generated by upbeat economic reports from recent weeks.

Weaker-than-expected US jobs data helped the EUR/USD break above its 100-day SMA and pair is now heading toward key long-term resiatnce of 1.3446 (R1 on daily chart).

The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.

Futures on major U.S. stock indices point to lower on Friday after a government report showed that the unemployment rate unexpectedly increased in November.

Futures on major U.S. stock indices remained range-bound on Friday as investors await for key U.S. monthly non-farm payrolls and unemployment data from the government.

Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.

Futures on major U.S. stock indices point to modestly lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.

While negotiators for both political parties worked behind the scenes to hammer out a deal on extending the Bush-era tax cuts and, possibly, unemployment insurance, House Democrats pushed through a measure that would extend the tax cuts for individuals making less than $200,000 and married couples making less than $250,000.

Stocks rallied for a second straight session as traders sentiment was buoyed by some strong November chain-store retail sales figures and by the European Central Bank (ECB) to maintain liquidity safety measures for troubled banks.

Almost one-third (30 percent) of British people think their financial situation will worsen over the next six months, a 7 percent increase from the prior quarter, according to a quarterly survey by R3, the UK insolvency trade body.

In an Interview with IBTimes, Srinivas Thiruvadanthai explores the concept of balance sheet recessions and other factors that make the Great Recession so severe.

The U.S. Senate has unanimously voted for lawyers to be exempted from the Federal Trade Commission's (FTC) Red Flags Rule, which seeks to curb identity theft among credit and financial regulatory agencies through costly and burdensome prevention and detection programs.

Pending home sales in the U.S. rose in October, contrary to expectations of a drop, according to a report by the National Association of Realtors.

Applications for the jobless benefits in the U.S. rose more-than-expected for the week ended Nov. 27, after falling sharply to lowest levels since July 2008 in the previous week.

The global economic recovery had started losing momentum from mid-2010 and all the indicators point to weaker growth next year, said a report by United Nations (UN) on Wednesday.

World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.

Sen. Judd Gregg, R-NH, stated the obvious today regarding a plan to deal with the nation’s long-term fiscal well-being. He said, There are no easy fixes here.”

The full-text of the speech given by Fed Vice Chairman Janet L. Yellen at the Committee for Economic Development 2010 International Counterparts Conference in New York on Dec. 1, 2010

Unemployment insurance expired for approximately 800,000 out-of-work Americans yesterday, and two million more will lose their benefits at the end of the year, unless Congress takes action to extend the benefits.

The U.S. private sector employment saw the largest gain in three years in November, according to a report by ADP, but will not be sufficient to reduce the high unemployment rate plaguing the country.

Planned job cuts in the U.S rose sharply in November to reach an eight-month high, a nation-wide survey of employers revealed.