Obama says in AP interview that Supreme Court ‘moving the ball’ on racial hiring preferencesWASHINGTON — President Barack Obama said Thursday the Supreme Court was “moving the ball” on affirmative action in this week’s decision favoring white firefighters in New Haven, Conn., but he added that the court had not ruled out the use of racial preferences in the future. Retail job cuts moderate, with 21,000 in June, but conditions may worsen for the industryNEW YORK — Retail job cuts moderated in June, when U.S. merchants trimmed 21,000 as they kept shuttering stores, but weakness in the overall job market looms over retailers, who need consumers to spend more freely. US layoffs still too high, too many families worried, Obama says in AP interviewWASHINGTON — With joblessness rising, President Barack Obama said Thursday he was “deeply concerned” about unemployment and conceded that too many families are worried about “whether they will be next” to suffer economically. President Obama says he remains concerned about job losses, says more work needed on economyWASHINGTON — President Barack Obama says he’s still “deeply concerned” about the continuing loss of jobs across the country. Too many jobs still being lost, too many families worried, Obama says in AP interviewWASHINGTON — With joblessness rising, President Barack Obama said Thursday he was “deeply concerned” about unemployment and conceded that too many families are worried about “whether they will be next” to suffer economically. Stocks decline in morning trading as US unemployment rate reaches 26-year highNEW YORK — A dour report on job losses in June sent stocks sharply lower Thursday. Oil falls below $67 a barrel as dollar gains on euro, US unemployment rate rises to 9.5 pctNEW YORK — Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S. World markets down sharply as US jobs disappointment reins in recovery hopesLONDON — World stock markets fell sharply Thursday after worse than expected U.S. jobs data reined in investor hopes of a swift end to recession. Employers cut larger-than-expected 467,000 jobs in June; jobless rate ticks up to 9.5 percentWASHINGTON — Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy. Stocks rise after data shows more stable manufacturing activity, rise in pending home salesNEW YORK — Investors kicked off the stock market’s third quarter with a moderate gain after getting some reassuring data on manufacturing and housing. Consumers’ confidence in economy unexpectedly falls in June, halting 3-month upward trendNEW YORK — Mounting job losses and other economic realities caught up with Americans in June, pushing down a key barometer of consumer sentiment after a streak of gains built on glimmers of hope. Japan’s jobless rate rises to 5 1/2-year high while household spending edges upTOKYO — Japan’s jobless rate rose to a five-and-a-half year high in May, the government said Tuesday, possibly delaying a recovery for the world’s second-largest economy even as manufacturers enjoy a nascent rebound. Why does California’s deficit matter? Because state’s massive economy is key to US recoverySACRAMENTO, Calif. — California faces a $24 billion budget shortfall, an eye-popping amount that dwarfs many states’ entire annual spending plans. Gains in commodities lift energy, industrial shares; Investors await week’s key dataNEW YORK — A jump in oil prices sent investors rushing to put money into the stock market in the final days of the second quarter. After all the Obama administration’s big spending, Republicans want to know where are the jobsWASHINGTON — Republicans concerned about the Obama administration’s big spending on economic stimulus, energy and health care are asking, “Where are the jobs?” President calls for faster stimulus spending, predicts double-digit joblessnessWASHINGTON — Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery and conceded that unemployment would rise above 10 percent. Obama says he will hold off on seeking a second stimulus program for beleaguered economyWASHINGTON — President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle. When even fast-food restaurants aren’t hiring, unemployed teens finding summer stimulus jobsCOMMERCE CITY, Colo. — You know the economy’s bad when teens can’t get summer jobs at fast-food restaurants or movie theaters. Consumer prices edge up as slow economy keeps inflation in check; Fed unlikely to raise ratesWASHINGTON — Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check. Housing starts rebound in May while inflation stays in check; signs of stability at low levelsWASHINGTON — Fresh signs that the economy is stabilizing — though at very low levels — emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check. High unemployment leaves consumers with less money to spend, could slow recoveryWASHINGTON — The number of people receiving unemployment benefits has set another record, a development likely to weigh on consumer spending and slow the economy’s recovery. Oil soars above $71 in Asia as 3-month rally pushes crude to 2009 highSINGAPORE — Oil prices soared above $71 a barrel Wednesday in Asia, reaching a 2009 high, as investors poured money into the commodity as a hedge against a weakening U.S. dollar and inflation. World stocks lower after US jobs data spur hopes and doubts; Japan gains 1 percentHONG KONG — World stock markets fell Monday as investors weighed the possibility of a weak economic recovery after U.S. job losses eased but unemployment reached its highest in more than 25 years. AP map shows government jobs shield some towns from recession’s worstIn North Carolina, where one in nine workers can’t find a job, there’s a county where the tough times haven’t been all that bad. In fact, unemployment is well below the state average, relatively few homes are falling into foreclosure and people are still flocking to restaurants and spending money at stores. US stocks mixed on worries about borrowing costsNEW YORK - US stocks were mixed Friday after an opening 1-percent surge boosted by good news on the employment front as the US government reported fewer jobs were lost in May than had been expected. Economy sheds 345,000 jobs in May, a big improvement; jobless past shoots well past 9 percentWASHINGTON — Employers throttled back on layoffs in May and cut the fewest jobs in any month since the financial crisis erupted last fall — raising the brightest hope yet that an economic recovery will take hold later this year. Meltdown 101: A by-the-numbers look at why the unemployment rate rose as job losses slowedIf the recession really is ending, someone forgot to tell the nation’s employers. Stocks rise moderately after job cuts slow in May, but unemployment rate rises to 9.4 percentNEW YORK — The Dow Jones industrial average is pushing into positive territory for the year after a better-than-expected report on the job market. Canada unemployment rate rises to 8.4 percent, highest level in 11 yearsTORONTO — Canada’s unemployment rate rose to 8.4 percent in May, the highest level in 11 years and up from 8 percent registered in April. World stock markets up modestly even though US jobs data stokes recovery talkLONDON — World stock markets rose modestly Friday even though better than expected U.S. jobs data stoked hopes that the world’s largest economy may emerge from recession earlier than anticipated — a sign that further gains may prove more difficult than during the recent rally. |
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