Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday.
The figures were sharply lower than economists’ forecast of 435,000.
Employers…
In today’s economy, the mantra seems to be: “Do more with less.” But workers are hardly thrilled. And managers say that the negative attitudes, which are resulting in criticism and lack of teamwork, are contributing to reduced …
The U.S. economy will remain weak in 2011 as companies limit hiring and consumers restrict spending, according to a survey of economists.
GDP will grow by 2.6% in 2011 after increasing by 2.7% this year, according to the median forecast of 51 economi…
When the economic gurus at the Fed move the levers of U.S. monetary policy, they do so with two often-conflicting goals in mind: promoting maximum employment and keeping prices stable. Many critics are now arguing that that Fed…
House Republicans thwarted an expedited effort by Democrats to extend jobless benefits into next year. It cleared by 258-154 but failed to meet the two-thirds majority needed for “fast-track” passage. Two million Americans coul…