October 9, 2013 |
Nearly three-quarters of investors in a new survey say their confidence in the economy has been shaken by the government shutdown and threat of default. Most people have not made adjustments to their portfolios as a result of the political impasse in Washington. But the survey suggests a cautiousness among investors that could weigh on the economy and securities markets if the stalemate is not resolved quickly. Can't buy or sell a home due to government shutdown? Talk to the Times One in four investors think it is very likely the government will default on its debt, according to the poll by online brokerage TD Ameritrade.
September 5, 2013 |
WASHINGTON -- Private-sector hiring slowed last month as employers added 176,000 new jobs, but the gains were consistent with the labor market's steady though unspectacular growth over the last two years, payroll processing firm ADP said Thursday. Bolstering the view that the jobs situation remained positive, the Labor Department reported Thursday that initial claims for unemployment benefits dropped by 9,000 last week to 323,000. That figure was near the Great Recession low of 322,000 reached in early August.
February 17, 2013 |
JERUSALEM - A new odd couple in Israeli politics has become the biggest obstacle to Prime Minister Benjamin Netanyahu's effort to form the next government. The surprise alliance between Yair Lapid, 49, the rising star of Tel Aviv's secular elite, and Naftali Bennett, 40, the yarmulke-wearing head of a religious-nationalist party, has added an unexpected wrinkle to coalition talks. Nearly a month after the election, Netanyahu has yet to announce a single partner, with a mid-March deadline looming.
February 9, 2013
Re "Smart spending isn't," Opinion, Feb. 5 Mostly I disagreed with former GOP Rep. Ron Paul, but he was right when he consistently pointed out that what the government subsidizes increases in price. And that, whether we like it or not, is "growth. " But Jonah Goldberg was right on the money when he wrote about increased education spending to prop up the economy. Government needs to throw money at infrastructure and at disaster relief, but how many more unemployed college graduates do we need before we realize that education needs to smarten up?
February 1, 2013 |
WASHINGTON -- The U.S. economy added 157,000 new jobs in January and the unemployment rate ticked up to 7.9%, the Labor Department said Friday. The job creation was below analyst expectations of 165,000 and down from a revised 195,000 in December. The unemployment rate ticked up from 7.8% in December. The pace of job creation is consistent with moderate growth and could ease concerns that the economy's unexpected contraction in the final three months of last year was a sign another recession could be near.
February 1, 2013 |
WASHINGTON - Fears of a recession seemed to evaporate as the nation added 157,000 net jobs last month and other key economic data improved, boosting major stocks to their highest level in more than five years. Economists and investors were heartened by the Labor Department's jobs report Friday, which suggested that growth accelerated at the end of last year. The new economic readings - a mix of federal and private data - contrasted with Wednesday's government report that the economy contracted at a 0.1% annual rate in the last three months of 2012.