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Cities with the longest way back from recession
These nine regions are projected to recover less than 5 percent of the jobs lost during the recession this year. They were hurt by the housing crash and loss of private and public jobs.
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Fed's Open Market Committee starts to open up
If you’ve ever fancied yourself as a “Fed watcher” — one of those analysts who read the tea leaves of the central bank’s next move — the job is about to get a whole lot easier.
View ArticleWho's announced most job cuts? Uncle Sam
Msnbc.com asked outplacement firm Challenger, Gray & Christmas to compile a list of employers that have announced the most job cuts over the past five years.
View ArticleLack of jobs keeps US in slow-growth mode
This week's employment report, although a bit better than expected, was a painful reminder of years of slow job growth that threaten the long-term health of the economy.
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Why the economy performs better under Democrats
Former President Bill Clinton was accurate in his assertion that the economy has created more jobs under Democrats than under Republicans. But the reasons are debatable.
View ArticleTax hikes a threat to charitable giving, say billionaires
When billionaires are asked why they give, they usually talk about their desire to apply their business skills to social change, and the responsibilities of wealth.
View ArticleThe biggest obstacle to tax reform? You are
If Congress and the White House would just fix the tax code - by getting rid of decades of deductions, exemptions and other giveaways – they could balance the budget. It sounds like a great idea -...
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Job creators? Some cities are poachers instead
When the leaders of this small Iowa city became desperate to land a new department store, they didn't have to look far: They lured one from the city next door, along with up to 100 jobs.
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Factories rev up, but hiring doesn't
A healthy pickup in production of manufactured goods last month added to the gathering momentum for the U.S economy. So far, that growth has done little to help the job prospects for millions of...
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For many, job loss would mean missing bills
The sudden loss of a job has become, if not commonplace over the last years, at least not very surprising. Yet many Americans remain unprepared for not having an income.
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Economy trumps all in South Carolina
Tom Brokaw reports tonight from the Palmetto State for ‘Nightly News’ series ‘Main Street, USA.’
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Layoffs easing for government workers
With state and local government finances on the mend, layoffs of government workers has slowed. That's good news for them and for the economy as a whole.
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Here's what Fed's 'new transparency' looks like
They're not exactly PowerPoints, but the Federal Reserve Wednesday adopted a new "fuller disclosure" policy that comes with visual aids.
View ArticleFed adds more punch to low-rate pledge
Central bank Chairman Ben Bernanke is betting that the Fed's increased transparency on rates will help spur more borrowing among businesses and consumers.
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Unsold goods weigh on future growth
The economy perked up late last year as factories ramped up production. Unfortunately, a lot of what those factories made is still in warehouses and on store shelves.
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Wage gains offer welcome relief to workers
American consumers caught a break in their paychecks in December – and the money went right into their saving accounts. That could help ease the recent squeeze on household finances.
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Recovery is gathering speed, jobs data confirm
The U.S. economy is like a flywheel: it takes a lot to get it going. Once it starts moving, it can pick up speed pretty quickly.
View ArticleJobless want you to quit already!
Even though some employees are frustrated with their jobs because the tough economy has led to furloughs, wage freezes, and benefit cuts, many aren’t upset enough to say, “I quit!”
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Obama budget sees recovery gaining speed
President Barack Obama is feeling upbeat about the economic recovery, maybe too upbeat.His budget's numbers are higher than forecasts from the CBO and 50 private business economists.
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Retirees tighten the belt, but still struggle
As the rebound in the U.S. economy helps boost income and spending among working-aged households, older Americans relying on retirement income are having a hard time paying the bills.
View ArticleGM earnings hint at threat from Europe's widening woes
General Motors Thursday became the latest American employer to report that the deepening economic slowdown in Europe has begun to take a toll on corporate profits.
View ArticleKeystone pipeline claims don't add up
Proponents of the Keystone oil pipeline argue the project will create hundreds of thousands of jobs and give the American economy a shot in the arm. Too bad the claims don't hold up.
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Jobs data may be too good to be true
The U.S. job market seems to be moving in the right direction, although at a crawl. When you take a closer look, some of the data showing improving conditions may be too good to be true.
View ArticleLayoffs ease, but hiring is still sluggish
Friday’s jobs data helped confirm that the worst of the recession-related layoffs have eased. Until employers begin shifting back to a solid pace of new hiring, though, most Americans will still have a...
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Biggest job gains going to older workers
The improvement in the job market is good news for all Americans, but especially for older workers. The number of people over age 55 who have a job has increased by 1.69 million over the past year.
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Cities where manufacturing is booming
According to a Brookings report, U.S. exports, which represent 10.7 percent of gross domestic product, grew 11 percent in 2010, the fastest growth since 1997. The bulk came from manufacturing.
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Jobless rate's drop creates conundrum
Something in the employment data coming out Friday won't add up. And economists have been scratching their collective heads about it.
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Reports show little evidence of housing rebound
Hopes may be fading for a long-awaited spring rebound in the U.S. housing market. Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month.
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Fed struggles to spur slowest recovery in memory
They’ve tried dumping $2 trillion in cash into the financial system, slashed overnight interest rates to zero and made an unprecedented promise to keep rates low for at least another two years.
View ArticleBernanke says Fed still ready to act if it's needed
Even as the economy shows signs of slowing and the unemployment rate remains stuck at painfully high levels, Federal Reserve chairman Ben Bernanke spent much of a press conference Wednesday explaining...
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Congress steering economy toward a 'fiscal cliff'
Fed Chairman Ben Bernanke calls it the “fiscal cliff.” It might be better thought of as the next economic Armageddon.
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US economic growth slows in the first quarter
The U.S. economy grew at a slower pace in the first quarter of 2012, increasing concerns about the health of the recovery. The blow was softened by a rise in consumer spending.
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Consumers prop up slowest recovery in memory
As government and businesses cut back on spending in the first three months of the year, the American consumer came through.
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Jobs data may reveal if recovery is a mirage
Friday's employment report comes at a pivotal moment. A strong showing could help ease concerns that the economy is stumbling in the third year of a modest recovery.
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Summer of discontent for teen job seekers
Only about 25 percent of 16- to 19-year-olds are currently working, a drop of 10 percentage points from just five years ago, according to the Bureau of Labor Statistics.
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Employers stretch their workers to the limit
Has your boss been asking you to do more and more work because she just doesn't want to hire enough people? Help may be on the way. The government reported Thursday that the productivity of U.S....
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Job growth chills in spring after thawing in winter
Spring usually means a thaw, but that's not the case for the U.S. job market. The burst of hiring that came last winter, apparently was a reprieve in the slowest recovery in six decades.
View ArticleVotes throw future of euro into question
It took European leaders two years to cobble together a shaky plan to save their common currency, the euro, a grand economic experiment undertaken in more prosperous times.
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Out of benefits even as job picture improves
The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been...
View ArticleEconomists see 7.5% unemployment by end of '13
The National Association for Business Economics said the country's "subpar" recovery will continue over the next year and a half.
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US economy fades as government spending retreats
European-style "austerity" is hitting home in the U.S. Thanks to deep cuts in government spending, the economy slowed faster in the first quarter than originally reported.
View ArticleUS job market all but stalls in May
The U.S. economy created a scant 69,000 jobs in May, much lower than expected and all but confirming that the U.S. economy was heading into its third consecutive spring slowdown.
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Recession stormclouds menace world economy
The gears of the global economy are all slowing in unison. The latest evidence came with Friday’s startling employment report from the U.S. Labor Department.
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Bernanke has few options as economy slows
Federal Reserve Chairman Ben Bernanke is likely to express deep concern about the deteriorating global economy Thursday, but it’s not clear he can do much about it.
View ArticleJobless claims jump as job market struggles
New claims for unemployment aid rose unexpectedly in the latest week, signaling that the labor market remained on the defensive and the recovery was stumbling along.
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Germans on edge as key Greek vote nears
The recession sweeping the eurozone has not hit Germany, which may help explain why opinion polls show Germans oppose bailouts of Greece and Spain by roughly two to one.
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Job openings drop to a five-month low
Job openings declined in April to a five-month low, according to government data released Tuesday, as employers wrestled with a raft of worries.
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Slowing economy may force Fed to take action
With the dark cloud of Europe’s financial crisis looming, the Fed opens a two-day meeting with speculation swirling that it could announce more stimulus to boost the U.S. economy.
View ArticleJobless claims edge lower, remain elevated
New claims for unemployment benefits declined slightly in the latest week, but remain at levels that raise concerns employers are gradually reducing staff in the face of economic uncertainty.
View ArticleEuro deal leaves deep divisions, questions
A "breakthrough" agreement by European leaders desperate to show the world they haven’t run out of ideas to save the eurozone is short on details and does little more than buy time.
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