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Friday’s Jobs Report: Some Perspective on the Numbers

Friday’s Jobs Report: Some Perspective on the Numbers

Jupiterimages/Thinkstock(NEW YORK) — A  total of 96,000 jobs were added in August, and the unemployment rate edged down to 8.1 percent, according to the Labor Department’s report released Friday. Since the beginning of 2012, the unemployment rate…

Friday’s Jobs Report: Some Perspective on the Numbers

Friday’s Jobs Report: Some Perspective on the Numbers

Jupiterimages/Thinkstock(NEW YORK) — A  total of 96,000 jobs were added in August, and the unemployment rate edged down to 8.1 percent, according to the Labor Department’s report released Friday. Since the beginning of 2012, the unemployment rate…

August Job Numbers: Last Ones Before Voting Begins

August Job Numbers: Last Ones Before Voting Begins

Stockbyte/Thinkstock(CHARLOTTE, N.C.) — Election Day isn’t until Nov. 6, which gives Democrats and Republicans three more monthly jobs reports to anticipate, right?Not exactly.  Although job numbers for August, September and October will be…

Bob Woodward Book: Debt Deal Collapse Led to ‘Pure Fury’ from Obama

Bob Woodward Book: Debt Deal Collapse Led to ‘Pure Fury’ from Obama

MANDEL NGAN/AFP/Getty Images(WASHINGTON) — An explosive mix of dysfunction, miscommunication, and misunderstandings inside and outside the White House led to the collapse of a historic spending and debt deal that President Obama and House Speaker John…

National Debt Tops $16 Trillion, Says Treasury Department

National Debt Tops $16 Trillion, Says Treasury Department

Comstock/Thinkstock(WASHINGTON) — The national debt has reached an all-time high of $16 trillion, according to the Treasury Department.The new debt figures came out just hours before the three-day Democratic National Convention kicked off in Charlotte…

Stocks Mixed Amid Lackluster Economic Reports

Stocks Mixed Amid Lackluster Economic Reports

Hemera/Thinkstock(NEW YORK) — Investors took a cautious approach to stocks after some discouraging economic reports. Tuesday’s session was the first trading day after the holiday weekend. The Dow closed down 55 points, closing at 13,035.94. …

Unemployment Rates Showcased in Convention States

Unemployment Rates Showcased in Convention States

iStockphoto/Thinkstock(WASHINGTON) — As the Democratic National Convention kicks off today in Charlotte, N.C.,  President Obama must make his case for a second term against a backdrop of 8.3 percent national unemployment, and the rate in the stat…

Ford, GM, Chrysler Report Strong August Sales

Ford, GM, Chrysler Report Strong August Sales

KAREN BLEIER/AFP/Getty Images(WASHINGTON) — Consumers may still be exercising caution when it comes to spending money on some things, but last month’s auto sales showed that new cars isn’t one of them.August was a hot month for the auto in…

Obama Takes Credit for Ohio’s Economic Recovery

Obama Takes Credit for Ohio’s Economic Recovery

MANDEL NGAN/AFP/Getty Images(TOLEDO, Ohio) — President Obama marked Labor Day in Ohio by claiming credit for the state’s resurgent economy and panning his rivals’ economic “playbook.”Obama told the UAW Labor Day Celebration tha…

Obama Takes Credit for Ohio’s Economic Recovery

Obama Takes Credit for Ohio’s Economic Recovery

MANDEL NGAN/AFP/Getty Images(TOLEDO, Ohio) — President Obama marked Labor Day in Ohio by claiming credit for the state’s resurgent economy and panning his rivals’ economic “playbook.”Obama told the UAW Labor Day Celebration tha…

Labor Day 2012: Unemployment Remains a Struggle, Especially for Long-Term Unemployed

Labor Day 2012: Unemployment Remains a Struggle, Especially for Long-Term Unemployed

Comstock/Thinkstock(NEW YORK) — Labor Day honors workers after labor protestors were killed in a railroad strike over wages and work hours in 1894. The protests began in Pullman, Ill. and spread across the country. This Labor Day, unemployment remains…

Fed Remarks Help US Stocks to Third Monthly Gain

Fed Remarks Help US Stocks to Third Monthly Gain

Hemera/Thinkstock(NEW YORK) — The markets head into the long Labor Day weekend recovering some of their losses from Thursday. A statement by Federal Reserve chairman Ben Bernanke likely gave the indexes a boost to end the week. Advancing for the …

Fed Remarks Help US Stocks to Third Monthly Gain

Fed Remarks Help US Stocks to Third Monthly Gain

Hemera/Thinkstock(NEW YORK) — The markets head into the long Labor Day weekend recovering some of their losses from Thursday. A statement by Federal Reserve chairman Ben Bernanke likely gave the indexes a boost to end the week. Advancing for the …

Labor Day 2012: 8 Biggest Layoff Announcements

Labor Day 2012: 8 Biggest Layoff Announcements

PRNewsFoto/Verizon Wireless(NEW YORK) –  It seems it’s going to be another tough Labor Day for labor. The U.S. unemployment rate is 8.2 percent, with most jobs lost this year from local and federal government.In the private sector, many companies…

Bernanke Says Fed May Boost Economy

Bernanke Says Fed May Boost Economy

Mark Wilson/Getty Images)(NEW YORK) — Chairman Ben Bernanke defended the Federal Reserve’s past stimulus actions in a speech on Friday morning, saying its actions “can be effective” and more of them may be on the way.Bernanke’s…

American Consumers Went on a July Spending Spree

American Consumers Went on a July Spending Spree

Jupiterimages/Thinkstock(NEW YORK) — Consumers did more than sweat during a particularly hot July. They spent more money than they did in the past five months. In fact, the spending increased 0.4 percent, the biggest boost since February.What accounte…

$60 Million for a High School Football Stadium?

$60 Million for a High School Football Stadium?

Darrin Klimek/Thinkstock(ALLEN, Texas) — To say that football is a big deal in Texas is a bit like saying it snows in Alaska. “There’s a long tradition in both film and novels of how important high school football is in Texas,” said …

Romney Says Big Business ‘Doing Fine’ After Criticizing Obama for Similar Remarks

Romney Says Big Business ‘Doing Fine’ After Criticizing Obama for Similar Remarks

William Thomas Cain/Bill Pugliano/Getty Image(HOPKINS, Minn.) — Mitt Romney Thursday night said that big businesses are “doing fine,” using similar language that the presumptive nominee has hammered President Obama for using to describe th…

Middle-Class Worse Off Now than a Decade Ago, Survey Says

Middle-Class Worse Off Now than a Decade Ago, Survey Says

Comstock Images/Thinkstock(WASHINGTON) — A survey released Wednesday shows there’s no getting around the fact that the middle-class in the U.S. got slammed during the last decade.Statistics from the Pew Research Center for Social and Demographic Trend…

Fed Hints More Action Coming in the Near Future

Fed Hints More Action Coming in the Near Future

Mark Wilson/Getty Images(WASHINGTON) — The financial world has Aug. 31 circled on its calendar as the day the Federal Reserve might finally get around to announcing more action in an effort to jumpstart the still foundering economy.The tip-off came We…

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