| May 29, 2014
| 9:42 AM
The economy performed worse than initially estimated amid severe winter weather in the first quarter, contracting for the first time in three years, the Commerce Department said Thursday.
Wall Street shrugged off the news in early trading.
| May 7, 2014
| 7:48 AM
Weak economic growth in the first three months of the year was mostly due to temporary factors such as the weather, and the recovery should pick up the rest of the year, Federal Reserve Chairwoman Janet L. Yellen told lawmakers Wednesday.
| May 2, 2014
| 6:02 AM
Hiring surprisingly surged last month as the economy added 288,000 net new jobs -- the best performance in more than two years -- and the unemployment rate dropped to 6.3%, its lowest level since September 2008, the Labor Department said Friday.
| May 29, 2014
| 5:59 PM
The economy stumbled badly during the severe winter, much more than first estimated, according to a government report, and stalled a recovery that appeared poised to take off this year.
Economists, however, see the quarterly drop more as a delay in...
| Apr 30, 2014
| 5:54 AM
Companies accelerated their hiring this month as the private sector added 220,000 net new jobs in a sign the labor market's winter doldrums are over, according to a report Wednesday from Automatic Data Processing.
The payroll firm also revised its March...
| May 8, 2014
| 8:36 AM
Initial jobless claims fell last week, a welcoming sign for the labor market after a few weeks where applications inched up.
The number of first-time claims for unemployment benefits dropped to 319,000 last week, a decrease of 26,000 from the week...
| Mar 22, 2014
| 2:08 PM
The first thing Eric Miles lost was his Jeep. Then it was the apartment that he and his 12-year-old son called home.
Since the federal government cut off jobless benefits for the long-term unemployed late last year, the 54-year-old East Baltimore man has...
| Mar 27, 2014
| 2:30 AM
Transparency and truth are the fuels that run sophisticated civilizations. Without them, the state grinds to a halt. Lack of trust -- not barbarians on the frontier, global warming or cooling, or even epidemics -- doomed civilizations of the past, from...
| Mar 5, 2014
| 6:22 AM
Bad winter weather helped put a freeze on the labor market last month, with the private sector adding a disappointing 139,000 net new jobs, payroll processing firm Automatic Data Processing said Wednesday.
The figure, which was below economists'...
| Jan 30, 2014
| 6:31 AM
WASHINGTON -- Initial jobless claims surprisingly jumped last week to near 350,000 but remained at a level consistent with moderate labor market growth.
The number of people filing for first-time unemployment benefits rose to 348,000, up sharply from...
| Jan 23, 2014
| 7:33 AM
WASHINGTON -- Initial jobless claims held roughly steady last week at nearly a two-month low, pointing toward moderate labor market growth, federal officials said Thursday.
There were 326,000 people who filed for first-time unemployment benefits in the...