June 06, 2020 10:10 am
In lengthy White House remarks amid sweeping social unrest, a still-rising virus death toll and Depression-level unemployment, the Republican president focused on what he said was improvement in all areas. He was quick to seize the positive jobs report at a time when his political standing is at one of the weakest points of his presidency less than five months before the general election.
April 23, 2020 7:04 pm
Economists are forecasting as many as 25 million jobs were lost in April after the economy purged 701,000 positions in March, which was the largest decline in 11 years.
April 16, 2020 7:08 pm
Some economists say the unemployment rate could reach as high as 20% in April, which would be the highest rate since the Great Depression of the 1930s.
April 02, 2020 6:32 pm
The surging layoffs have led many economists to envision as many as 20 million lost jobs by the end of April.
December 29, 2014 12:21 am
For India, the upturn in the US economy is reason to cheer, and worry.
November 21, 2013 2:21 am
The target for the federal funds rate is likely to remain near zero.
November 20, 2013 12:11 pm
US Fed could hold interest rates near zero until US unemployment falls under 6.5 per cent.
July 05, 2013 9:01 pm
The unemployment rate however stayed at 7.6 percent because more people started looking for work.
March 08, 2013 8:12 pm
Stronger hiring shows businesses are confident about the economy.
October 06, 2012 5:58 pm
Barack Obama had some good news as unemployment dipped below 8% to the lowest point of his term.