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Economic News
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- Obama says to address new economic ideas next week
(Reuters)3 September 2010, 4:40 pm
Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly....
- Obama promises more stimulus as unemployment edges up
(AFP)3 September 2010, 4:13 pm
AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.... - US services sector growth eases
(AFP)3 September 2010, 4:08 pm
AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said Friday.... - Summary Box: Service sector growth slows in August
(AP)3 September 2010, 3:56 pm
AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January.... - Service sector grows at slower pace in August
(AP)3 September 2010, 3:49 pm
AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.... - Obama: New jobs numbers 'positive' but not enough
(AP)3 September 2010, 3:27 pm
AP - President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he'd roll out new plans next week to spur the economy.... - Companies add 67K workers, but jobless rate rises
(AP)3 September 2010, 3:24 pm
AP - Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.... - Private hiring surprises with 67,000 new jobs
(Reuters)3 September 2010, 3:10 pm
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.... - Broke youth anti-crime groups want federal cash
(AP)3 September 2010, 3:10 pm
AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.... - Obama: jobs data 'positive' but not enough
(AFP)3 September 2010, 3:09 pm
AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.... - Top Obama critic blasts 'job-killing' policies
(AFP)3 September 2010, 2:56 pm
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.... - Campbell Soup profit beats Street but sales light
(Reuters)3 September 2010, 2:45 pm
Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.... - Oil prices stage gentle rebound after US payrolls
(AFP)3 September 2010, 2:36 pm
AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world's leading energy consumer.... - (AP)3 September 2010, 2:19 pm
AP - Obama calls anew for Congress to pass legislation providing tax relief for small businesses.... - White House: August jobs report reassuring
(Reuters)3 September 2010, 2:18 pm
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.... - Non-manufacturing sector slows in August: ISM
(Reuters)3 September 2010, 2:10 pm
Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.... - Instant View: Payrolls fall by 54K, less than expected
(Reuters)3 September 2010, 1:05 pm
Reuters - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.... - Service sector spotlight shines on Germany, China
(Reuters)3 September 2010, 10:32 am
Reuters - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.... - Obama to comment Friday on jobless report
(AP)3 September 2010, 8:40 am
AP - President Barack Obama will speak to reporters Friday after the Labor Department releases its monthly jobless report.... - Oil falls below $75 ahead of US jobs report
(AP)3 September 2010, 8:01 am
AP - Oil prices fell below $75 a barrel Friday in Asia as investors awaited a report on U.S. employment that will influence guesses about the strength of future energy demand from the No. 1 economy....
