More Americans than forecast filed first-time jobless claims last week and consumer confidence fell, highlighting Federal Reserve Chairman Ben S. Bernanke’s concern that the slowdown in the economy may persist.
BusinessWeek.com — Finance
U.S. stocks slumped, threatening the 2011 gain for the Standard & Poor’s 500 Index, as concern grew that Europe’s debt crisis will hurt banks and an increase in jobless claims added to signs the economy is slowing.
BusinessWeek.com — Finance
More Americans than forecast filed first-time claims for unemployment insurance payments last week, showing companies are less confident about the expansion than they were earlier this year.
BusinessWeek.com — Finance
Bank of America Corp. headed to a two-year low in New York trading on concern that a stalling U.S. job market will drive up costs from bad mortgages.
BusinessWeek.com — Finance
The unemployment rate in the U.S. unexpectedly climbed to 9.1 percent in May and payrolls grew at the slowest pace in eight months, showing employers are losing confidence as the economy slows.
BusinessWeek.com — Finance
Payrolls grew at the slowest pace in eight months and the U.S. jobless rate unexpectedly climbed to 9.1 percent in May, reinforcing signs that a slowdown in the world’s largest economy is persisting into the second quarter.
BusinessWeek.com — Finance
More Americans than forecast filled applications for unemployment benefits last week, signaling the labor market is struggling to pick up.
BusinessWeek.com — Finance
Japan’s debt rating was put on review for a downgrade by Moody’s Investors Service, adding to Prime Minister Naoto Kan’s fiscal challenges after an increase in joblessness and smaller-than-forecast gain in factory production.
BusinessWeek.com — Finance
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