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Weak private hiring in June shows tepid U.S. recovery (Reuters) (Jul-2, 21:50 EDT )-- Reuters - U.S. private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to pick up steam.
Falling unemployment fails to quell US recovery fears (AFP) (Jul-2, 21:22 EDT )-- AFP - The US unemployment rate fell to 9.5 percent last month as more than half a million people abandoned the job hunt, fueling doubts about the economic recovery.
Job market not growing fast enough for big rebound (AP) (Jul-2, 20:11 EDT )-- AP - A second straight month of lackluster hiring by American businesses is sapping strength from the economic rebound.
July 4th travel rolls on, a little close to home (AP) (Jul-2, 17:06 EDT )-- AP - Standing in line on hot asphalt waiting to see the Liberty Bell, Don Shelley couldn't help but think that, if the nation's economy were better, he would be basking on a beach in Hawaii.
Tyco Electronics spent $490,000 lobbying in 1Q (AP) (Jul-2, 16:20 EDT )-- AP - Tyco Electronics Ltd. spent $490,000 to lobby the federal government in the first quarter on the economic stimulus plan and other issues, according to a disclosure report.
Employment 101: Factories, temp firms cut hiring (AP) (Jul-2, 16:01 EDT )-- AP - Industries driving job growth this year added fewer workers in June, a sign that the overall hiring picture could get worse.
Stocks fall as jobs report adds to economic fears (Jul-2, 15:45 EDT )-- NEW YORK -- The Dow Jones industrial average dropped for a seventh straight day, its longest losing streak since the height of the financial crisis in October 2008. A disappointing jobs report added to investors' concerns that the economic recovery is...
Weak private hiring in June shows tepid U.S. recovery (Reuters) (Jul-2, 15:44 EDT )-- Reuters - U.S. private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to pick up steam.
Job market not growing fast enough for big rebound (AP) (Jul-2, 15:43 EDT )-- AP - A second straight month of lackluster hiring by American businesses is sapping strength from the economic rebound.
July 4th travel rolls on, a little closer to home (AP) (Jul-2, 15:37 EDT )-- AP - Concerns about the economy are weighing on some July Fourth travelers who are opting for time-tested destinations closer to home instead of far-flung beaches.
Economy lags as job growth remains weak (Jul-2, 14:41 EDT )-- The economic expansion is sputtering. Private employers added only 83,000 jobs in June, the government said Friday, too few to keep up with growth in the working-age population. And the unemployment rate fell to 9.5 percent from 9.7 percent as hundreds...
Falling unemployment fails to quell US recovery fears (AFP) (Jul-2, 14:26 EDT )-- AFP - The US unemployment rate fell to 9.5 percent last month as more than half a million people abandoned the job hunt, fueling doubts about the economic recovery.
A tale of 2 employment surveys, at a glance (AP) (Jul-2, 14:18 EDT )-- AP - The economy lost a net 125,000 jobs in June — the first monthly loss this year. Yet the unemployment rate fell to 9.5 percent from 9.7 percent.
Second Half Slowdown: Here's What to Expect (The Motley Fool) (Jul-2, 14:06 EDT )-- The Motley Fool - Keep this in mind when sifting through the end-of-the-world headlines: This, too, will pass.
Tax relief sought for Gulf states hit by spill (Reuters) (Jul-2, 13:53 EDT )-- Reuters - Bipartisan lawmakers on Friday sought tax breaks for mostly small business to help cushion the economic blow from oil still spewing from BP Plc's deep sea well in the Gulf of Mexico.
Summary Box: Tepid hiring a hurdle for recovery (AP) (Jul-2, 13:14 EDT )-- AP - WOBBLY RECOVERY: The rebound is losing strength and threatens to fizzle out unless hiring picks up.
A look at global economic developments (AP) (Jul-2, 12:35 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Friday:
Closing on a Home? Follow These Tips. (U.S. News & World Report) (Jul-2, 10:33 EDT )-- U.S. News & World Report - It's a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership...
Euro rises to 6-week high against US dollar (AP) (Jul-2, 09:44 EDT )-- AP - The euro rose Friday to its highest level since late May against the dollar after a report showed U.S. employers cut jobs last month, intensifying worries about the U.S. economy, while concern about the European financial crisis ebbed.
Former mortgage exec pleads not guilty in Va. (AP) (Jul-2, 09:43 EDT )-- AP - The former head of a mortgage lending company accused of scheming to steal more than $500 million from the government's financial bailout fund has pleaded not guilty in the case.
Stocks trade in tight range after weak jobs report (Jul-2, 09:43 EDT )-- NEW YORK -- Stocks traded in a tight range Friday after the government's jobs report met traders' bleak expectations. Business - Investing - Commodities and Futures - Futures - Advisory Services
Weak private hiring shows tepid recovery (Reuters) (Jul-2, 09:35 EDT )-- Reuters - Private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, showing the economic recovery failing to gain traction.
Payrolls drop by 125K, jobless rate falls (AP) (Jul-2, 09:32 EDT )-- AP - A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate dipped to 9.5 percent, its lowest level in almost a year.
US unemployment rate falls to 9.5% (AFP) (Jul-2, 09:21 EDT )-- AFP - The US unemployment rate fell to 9.5 percent in June as thousands of Americans left the workforce, adding to pessimism about the health of the economic recovery.
Obama: Economy still headed right direction (AP) (Jul-2, 09:12 EDT )-- AP - President Barack Obama on Friday cast the state of the economy in upbeat terms, declaring that it was headed in the right direction even as employers slashed payrolls last month for the first time in half a year. The unemployment rate dropped to 9...
Factory orders fall 1.4 percent in May (AP) (Jul-2, 09:05 EDT )-- AP - Orders to U.S. factories declined broadly in May after nine straight months of gains.
Factory orders drop more than expected (Reuters) (Jul-2, 09:05 EDT )-- Reuters - New orders for factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed on Friday.
(AP) (Jul-2, 09:01 EDT )-- AP - Factory orders fall 1.4 percent in May; worst showing in nine months casts doubt on recovery.
Obama: US economy getting better, but not fast enough (AFP) (Jul-2, 08:59 EDT )-- AFP - President Barack Obama said Friday the US economy was headed in the right direction, but not quickly enough, after new jobs figures added to fears the recovery was slowing.
Obama says U.S. economy fighting headwinds (Reuters) (Jul-2, 08:58 EDT )-- Reuters - U.S. President Barack Obama said on Friday the U.S. economy was moving in the right direction but continued to fight headwinds from volatile global markets.
Instant View: Nonfarm payrolls fall in June (Reuters) (Jul-2, 07:57 EDT )-- Reuters - Employment fell for the first time this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.
June unemployment rate drops to 9.5 percent but 125,000 jobs lost (Jul-2, 07:38 EDT )-- The official June unemployment rate came in at 9.5 percent, down from 9.7 percent in May, the lowest number since last summer. Unemployment - Employment - Business - Recreation - Picture Ratings
Bloomberg seeks to ease US immigration policies (AP) (Jul-2, 06:56 EDT )-- AP - New York Mayor Michael Bloomberg says the country is "giving shortshrift to immigration" and that economic problems will worsen until America sends out a more welcoming message.
Oil stable as traders await US payrolls data (AFP) (Jul-2, 06:22 EDT )-- AFP - World oil prices held steady on Friday as traders sat on their hands before the latest crucial piece of economic data from key energy consuming nation the United States.
European stocks edge upwards before US payrolls (AFP) (Jul-2, 06:18 EDT )-- AFP - Europe's main stock markets gained ground on Friday, recouping some of their recent heavy losses, but investors were cautious before key US payrolls data amid gloom over the global economy.
China says 2009 growth even faster than thought (AP) (Jul-2, 05:56 EDT )-- AP - China's economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its rebound left a dangerous glut of unneeded factories and other assets.
In war-funding vote, Democrats cast doubts on Obama's Afghan policy (Jul-2, 01:11 EDT )-- Democrats in the House begrudgingly approved an additional $37 billion to fund the wars in Iraq and Afghanistan on Thursday, as a growing number of members of President Obama's own party cast doubts about his strategy in Afghanistan. Democratic...
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Concerns rising that economic recovery is slowing (Jul-1, 23:22 EDT )-- WASHINGTON -- Concerns are rising that the economic rebound is stalling, but a strong jobs report on Friday would go a long way towards assuaging those fears. Business - Shopping - Atlanta Braves - Skid row - Suzuki
Economic recovery not yet reaching Americans, Middle Class Task Force chief says (Jul-1, 23:00 EDT )-- A poster-size replica of the cover of "The State of Working America" hangs behind Jared Bernstein's desk in the Eisenhower Executive Office Building, next to the White House. United States - Middle Class Task Force - Education - Colleges and...
Corrections (Jul-1, 23:00 EDT )-- -- The Influence Industry column on the July 1 Fed Page, about lobbying by the U.S. honey industry, said that the National Honey Board and the True Source Honey Initiative have launched public relations campaigns this year promoting pure honey to...
IMF considers 'new tool kit' to head off market meltdowns and hoarding (Jul-1, 23:00 EDT )-- The world's top economic powers and the International Monetary Fund are studying creation of a global financial safety net that would give countries quick access to large amounts of cash as a way to stave off crises and discourage emerging-market...
Digest (Jul-1, 23:00 EDT )-- THE WHITE HOUSE President Obama signed into law Thursday evening a bill imposing tough sanctions against Iran over its alleged nuclear weapons program. Education - Recreation - Arts - Energy - Organ
Toyota plans recall of 270,000 vehicles worldwide over engine flaw (Jul-1, 23:00 EDT )-- TOKYO -- Toyota Motor Corp. will recall 270,000 Lexus and other vehicles worldwide to fix faulty engines, the company said Friday, in the latest quality lapse by the world's largest automaker. Toyota - Lexus - Recreation - Makes and Models - Japan
Chicago Mayor Daley plans strict handgun law (Jul-1, 23:00 EDT )-- United States - Law - Supreme Court of the United States - Police - Driving under the influence
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