October 5, 2012 |
WASHINGTON - The White House used Friday's largely positive jobs report to make the case for sticking to the president's economic policies and rejecting calls for a new path. “While there is more work that remains to be done, today's employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression," wrote Alan B. Krueger, chairman of the Council of...
September 7, 2012 |
ORANGE CITY, Iowa - As the presidential candidates returned to the campaign trail, Mitt Romney issued a double-barreled critique of his rival's speech at the Democratic convention and Friday's weak jobs report, citing both as evidence that President Obama is over his head on economic issues. At a rally Friday afternoon in Iowa, Romney said he had read the president's acceptance speech and found it to be “extraordinarily disappointing.” The former Massachusetts governor charged that Obama had not sufficiently addressed the economic challenges that Americans are facing.
August 9, 2012 |
Stocks were choppy but essentially flat in early trading on Wall Street after a better-than-expected report showing a decrease in jobless claims last week. The Dow Jones industrial average was up 2 points, essentially flat at 13,177 shortly after the opening bell Thursday. The Standard & Poor's 500 index was up half a point to 1,403. The Nasdaq gained 7 points, or 0.2%, to 3,018. The Labor Department reported that initial jobless claims decreased by 6,000 last week to a seasonally adjusted 361,000.
August 8, 2012 |
Stocks dipped in early trading Wednesday, following European markets lower after the French and British central banks reported slowing growth. The Dow Jones industrial average lost 30 points, or 0.2%, to 13,138 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index slid 3 points, or 0.2%, to 1,398. The Nasdaq was down 9 points, or 0.3%, to 3,007. Shortly before U.S. markets opened, the Labor Department reported that U.S. workers' productivity increased an annualized 1.6% in the second quarter, compared with a 0.5% decrease in the first quarter.
August 4, 2012 |
WASHINGTON - The U.S. economy broke out of its hiring slump last month with the biggest net gain in jobs since February, easing fears that the slow and bumpy recovery was falling off track. Employers added 163,000 jobs in July, more than double the average of the prior three months. But as welcomed as that acceleration was, analysts still considered the pace of job growth just middling. And it did little for the nation's unemployment rate, which ticked up a notch last month to 8.3%, the Bureau of Labor Statistics said Friday.
August 1, 2012 |
Stocks gained in early trading Wednesday on Wall Street after a better-than-expected employment report and ahead of a Federal Reserve announcement. But major U.S. stock indexes lost some ground following a report by the Institute for Supply Management showed manufacturing declined last month. The Dow Jones industrial average was up 19 points, or 0.2%, to 13,028, about an hour after the opening bell. The broader Standard & Poor's 500 index was up only 0.5 point, essentially flat at 1,380.