Friday's non-farm payrolls report overshadowed some relatively good news in other key U.S. employment metrics. Many indicators have been pointing to stronger labor markets than the big figure highlighted Friday (80,000 jobs gained for June). And a few new data points confirm this thinking.
A rise in orders for long-lasting goods like cars and aircraft in July eased fears that the U.S. was headed for another recession and sent US stocks up for a third straight day.
Great news for your wallet: Gas prices dropped this past month and are expected to continue their slide. The drop in crude oil prices today to below $85 a barrel further lubricated the trend downward, echoing last week's plunge below $76 a barrel. Prices at the gas pump, meanwhile, slipped to a national average of $3.58 per gallon
Business school students want to learn how to make profits in the business world. That's a given. But now, they are wanting to make a profit by doing good -- and scores of programs, like those at Wharton and Stanford which combine social consciousness with financial returns, are popping up at universities around the world.
Chrysler Group LLC reported a net profit of $381 million for the third quarter of 2012 on Monday, up 80 percent from the $212 million profit the company reported for the same period a year ago. The results mean that the United Auto Workers employed in Chrysler's factories will next year likely receive their signing bonus of $1,750
The economic news in recent weeks suggests that the recovery has hit a rough patch, but at least one forward-looking review of the macro trend says the rearview mirror may be misleading, as the economists see moderately improving conditions in the second half of this year.
US exports hit a record high in March, returning to levels not seen since before the global financial crisis. Meanwhile, jobs openings rose by the most since 2008 and retail sales grew for tenth straight month.
Better care during pregnancy and birth is the main reason behind a staggering 93 percent plunge in rates of severe cerebral palsy in premature infants, a new study discloses.
Manufacturing grew in December at the fastest pace in six months, the latest sign that the US economy gained momentum at the end of last year. Manufacturing has expanded for more than two years. Factories were one of the first areas of the economy to start growing after the recession officially ended in June 2009.
The US stock markets rose more than 3 percent in late morning trading today after hearing the latest U.S. economic data on unemployment claims. The government reported that weekly initial jobless claims fell to their lowest level in four months
Canada's crime rate fell to its lowest in almost 40 years, Statistics Canada reported on Thursday, extending a positive two-decade trend.
Good news for the Monarch butterflies and their wintering grounds in central Mexico: The clearing of forests used by the butterflies has dropped to just over one acre's worth of trees, compared to the hundreds of acres lost annually in the past.
President Obama issued a directive for U.S. development policy that called for social and political reforms as a prerequisite for foreign assistance, along with more investment from the private sector. Just one year into the project, U.S. government executives at a Washington conference reported on genuine progress.
The world economy is gaining strength as global private sector activity hit a one-year high in February, building on the gains of previous months. Momentum is growing in both service and manufacturing industries, with strong improvement in the United States leading the way, according to a new report by JPMorgan.
Mexican billionaire Carlos Slim will spearhead a project to rescue the Pacific port of Acapulco, a once glamorous haunt of Hollywood stars that has lately become mired in violent crime. Slim, the world's richest man will be the president of a council that will pool funding for new hotel developments.
General Motors earned its largest profit ever in 2011, two years after it nearly collapsed. Strong sales in the United States and China helped the automaker turn a profit of $7.6 billion, beating its old record of $6.7 billion set during the pickup and SUV boom of 1997. GM said 47,500 blue-collar workers in the United States will get $7,000 profit-sharing checks in March.
The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. The Labor Department says employers added 243,000 jobs in January, the most in nine months
After a four-year run during which states had to close budget gaps of historic proportions, the term "surplus" is finally making a modest comeback in capitals. According to the Rockefeller Institute of Government, at least 45 states saw their revenues increase over the past year. Enough economic vital signs are headed in the right direction that the mood in most states is encouraging, and some legislatures will start reversing the most painful of their recent cuts as soon as this year.
American consumers spent enough in December to lift sales to a record level for 2011. It marked the largest annual increase in consumer spending in more than a decade.
Today marks a milestone in the fight against polio as India marks one year since the last recorded case of new polio infection there. This success is the result of decades of work by Rotary International along with its partners, as well as the tens of millions of dollars donated to the cause by Microsoft founder Bill Gates.
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