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Employers added 236,000 jobs in February, far more than analysts had expected, offering some much-needed momentum to the long-sluggish U.S. labor market.The headline unemployment rate dropped to four-year low of 7.7% last month, down from 7.9% in January.Construction jobs led the way, as they have for several months, adding 48,000 jobs in February, according to figures released by the U.S. Labor Department. Recovery efforts from Superstorm Sandy in the fall have provided a lot of work in that sector.Economists had forecast a gain of 160,000 with the unemployment rate predicted to hold steady at 7.9%.The report could have gone either way, as some economists had suggested measures taken in Washington, D.C., in recent months could have impacted the report negatively. Sequestration, or $43 billion in mandated budget cuts in fiscal year 2013, kicked in last week, and a 2% payroll tax increase has taken a few hundred dollars a month out of most Americans' paychecks.Neither seems to have had ...
The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has b...
Australia's economy is increasingly responding to more than a year of central bank rate cuts aimed at preparing the country for the end of a mining boom that's helpe...
The story behind the story of high global unemployment in the wake of the recent financial crisis and ensuing worldwide recession is the predicament of jobless youth...
Mortgage rates jumped this week after the latest employment data painted a rosier picture of job growth in the United States and the stock market rallied.The benchma...
After declining for more than a month, the average rate on the 30-year fixed-rate mortgage rose to 3.42% in the week ending May 9, up from 3.35% in the prior week, b...
The number of Americans filing new claims for unemployment benefits dropped to its lowest level in nearly 5-1/2 years last week, signaling labor market resilience in...
The number of Americans filing new claims for unemployment benefits dropped to its lowest level in nearly 5-1/2 years last week, signaling labor market resilience in...
Treasurys ended higher Wednesday for the first time in three days despite a lackluster 10-year note auction.The Treasury Department sold $24 billion in 10-year notes...
Treasurys reversed early losses Wednesday ahead of a $24 billion auction of 10-year notes, putting the benchmark debt on track for its first day of gains since last ...
Treasurys closed lower after a $32 billion auction of 3-year notes, capping the third straight day of losses for the safe-haven debt.The 3-year note (3_YEAR) yield, ...
Treasurys held on to their lower prices after a $32 billion auction of 3-year notes, putting the safe haven debt on track for its third straight day of losses.The 3-...
Treasurys fell for a third session Tuesday as investors positioned for $72 billion of sales this week.The Treasury Department will auction $32 billion of 3-year note...
The minutes from the Federal Reserve Board's last meeting show a group of policy makers still decidedly at odds over when and how the Fed should step back from four ...
Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.Chairm...
Whether it's pining for a casual work environment, robust employee benefits like free gourmet food or career-advancing opportunities, expectations are high among you...
The Treasury market turned a morning rally into an afternoon slump Monday as the benchmark U.S. government debt yield rose to its highest since mid-March.Market chat...
Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of declines.The 10-year note (10_YEAR) yi...
In a quiet week for economic data, the minutes of the Federal Reserve's last meeting could make the most noise.The release of the Fed's May minutes on Wednesday will...
The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has b...
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