Oil wavers near $72 a barrel as US jobs data beats expectationsNEW YORK — Oil prices wavered Friday on fresh evidence the economy was pulling itself out of recession. Dollar gets big boost as US unemployment picture brightens; rally driven by ‘right reasons’NEW YORK — The dollar steamed higher Friday as a government report showed U.S. unemployment falling for the first time in 15 months, surging up alongside equities in an upending of its normal trading pattern. Better-than-expected jobs report pushes stocks higher, feeds hopes for economic recoveryNEW YORK — The economy’s most vexing problem, unemployment, is showing the first signs of easing. And Wall Street is celebrating. Employers cut just 247,000 jobs in July; jobless rate dips, strong signal recession endingWASHINGTON — Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending. Stocks rally as strong earnings at Intel boost hopes that the economy is recoveringNEW YORK — Better-than-expected earnings at Intel sent investors pouring back into the market Wednesday, sending stocks higher in morning trading. White House: Jobs in health care, environment growing more quickly than rest of economyWASHINGTON — Health care and environment-focused jobs will drive a jobs recovery, the White House predicted Monday even as it cautioned that the work will require better training to give workers greater skills. Stocks edge higher as investors’ appetite for risk improves; financials, materials upNEW YORK — Investors are finding some appetite for risk after a jittery week. Oil plunges to near $65 in Asia as weak economic data sparks concern about recoverySINGAPORE — Oil prices plunged to near $65 a barrel Monday in Asia as dismal unemployment figures from the U.S. and Europe last week sparked investor concern about a nascent economic recovery. 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. 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. 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?” 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. Officials: 3 missing, 41 injured by explosion, partial collapse at NC Slim Jim plantGARNER, N.C. — An explosion at a Slim Jim meat products plant Tuesday injured at least 41 people, including four who suffered critical burns, and left a toxic cloud around the facility as authorities searched for three people still missing. New hires get less pay as more unemployed workers chase fewer jobsWASHINGTON — With nearly 14 million Americans unemployed, a growing number of people are competing for a dwindling number of job openings, allowing some employers to drive down pay and benefits for new hires. Oil falls below $58 in Asia as traders mull if supply, demand fundementals justify rallySINGAPORE — Oil prices fell below $58 a barrel Monday in Asia as investors mulled whether weak U.S. crude demand and bursting supplies justify building on the recent strong rally. |
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