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Economy

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Sluggish U.S. Hiring Shows Effects of Budget Impasse

A dim view of the U.S. job market emerged Tuesday with a report that employers cut back on hiring in September just before a partial government shutdown began.

10/22/2013

Job seekers fill out applications as they wait in line to enter a job fair at a new Target retail store on Aug. 15, 2013 in San Francisco, Calif. (credit: Justin Sullivan/Getty Images)

US Jobless Claims Jump To 374,000 Due To Backlog

The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. But the spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some companies to cut jobs.

10/10/2013

When Janet Yellen makes her first public remarks Tuesday since succeeding Ben Bernanke as Federal Reserve chair, her every word will come under scrutiny. (PETER PARKS/AFP/Getty Images)

Obama Nominates Yellen to Succeed Bernanke at Federal Reserve

President Barack Obama has nominated Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke.

10/09/2013

Park Ranger Richard Trott posts a closed sign on the Lincoln Memorial on the National Mall October 1, 2013 in Washington, DC. The U.S. government is in a forced shutdown after lawmakers failed to pass a spending bill last night. (Photo by AFP PHOTO/Brendan SMIALOWSKI)

Study: 1996 Government Shutdown Would Cost More Than $2 Billion Today

According to a study conducted by the Pew Research Center, the last government shutdowns – which occurred in the 1996 fiscal year under the administration of then-president Bill Clinton – cost the nation an estimated $1.4 billion dollars.

10/01/2013

President Barack Obama. (credit: Dennis Brack-Pool/Getty Images)

Obama: ‘Iran Will Never Develop Nuclear Weapons’

Before speaking to members of the press regarding a potential government shutdown due to Senate infighting about the national budget, President Barack Obama began by discussing a phone conversation that he had with new Iranian President Hassan Rouhani.

09/27/2013

Russias President Vladimir Putin welcomes President Barack Obama at the start of the G20 summit on Sept. 5, 2013 in Saint Petersburg. Russia. (credit: YURI KADOBNOV/AFP/Getty Images)

Obama: ‘I Did Not Put This Before Congress Just As A Political Ploy’

While speaking at a press conference during the G20 Summit, President Barack Obama used the opportunity to once again call for military action against the regime of Syrian President Bashar Assad.

09/06/2013

The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.  (Photo by William Thomas Cain/Getty Images)

New US Jobs Disproportionately Low-Paying, Part-Time

The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.

08/03/2013

File photo of a bedroom. (credit: EMMANUEL DUNAND/AFP/Getty Images)

Study: Record Number 21 Million Young Adults Living With Parents

A record number of young adults are living with their parents.

08/02/2013

President Obama makes a speech about the economy and jobs at an Amazon Fulfillment Center in Chattanooga, Tenn. on July 30, 2013. (credit: Jessica McGowan/Getty Images)

AP: Obama Understates Keystone XL Pipeline Jobs By Thousands

President Barack Obama has revived debate about the number of jobs that would be created by the proposed Keystone XL oil pipeline from Canada to Texas.

08/01/2013

File photo of a person counting money. (credit: BAY ISMOYO/AFP/Getty Images)

Whites Significantly Less Optimistic Than Blacks, Hispanics About Economic Future

Americans’ attitudes about their economic future are sharply divided by race, with whites significantly less likely than blacks or Hispanics to think they can improve their own standard of living.

08/01/2013

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