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Economy News

The Fired Teachers

As Fed Eases Loan Aid, Policy Challenges Arise

The Federal Reserve has ended nearly all of the lending programs it created in 2007 to combat the credit crisis, but in the coming months it must decide when and how to tighten monetary policy.

Time to Celebrate? Not in a Big Way

A year has passed since the stock market rally began, but the global economy is still a long way from recovery.

Health Care’s Obstacle: No Will to Cut

President Obama’s health reform plan is a mixed bag, but it may be the only program passed.

The Source of Obama’s Trouble

Democrats, who seem to be on a relentless quest to pass a health care bill, don’t seem to grasp the issue truly important to Americans: jobs.

Adjusting to Reality

There’s no case for giving a cost-of-living adjustment to Social Security recipients on either equity or stimulus grounds.

An Irish Mirror

The financial crisis in Ireland offers clues about our own, and about how to prevent another one.

Juggling Act for Obama in Filling Fed Board Openings

As they vet potential candidates, Lawrence H. Summers, director of the National Economic Council, and Timothy F. Geithner, the Treasury secretary, are balancing their own desires with political pressures from within and outside the White House.

Looking Ahead

Economic data, corporate earnings, industry announcements, government hearings and international business developments coming this week.

Deal to Save Everglades May Help Sugar Firm

Florida’s plan to reclaim the wetlands is instead on track to rescue the fortunes of United States Sugar.

Job Market Stabilizes for Business Students

Unemployment and public anger over bailouts remain high, but aspiring bankers find they can now get a foot in the door.

Trading Away Productivity

Washington acknowledges that much of America’s economic policy rides on false assumptions, but has yet to correct it.

36,000 Job Losses Better Than Views, Cheering Investors

Employers shed a less-than-expected 36,000 jobs in February while unemployment stayed at 9.7%, the Labor Department said Friday, giving hope that modest hiring will finally return. Analysts expected a loss of 68,000 jobs due to absences and business closures caused by bad weather. But Labor said it wasn't clear what impact the East Coast storms had. December and January payrolls were revised to sh...

Payrolls Fall But Unemployment Rate Holds Steady

The unemployment rate held at 9.7% in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to occur. The Labor Department said it wouldn’t quantify how the snowstorms that hammered the East Coast last month affected job losses.

For Auto Towns, Emissary Is Ambassador of Hope

Edward B. Montgomery is helping depressed former assembly towns tap federal money to build new futures.

Markets Find the Upside of the Jobs Report

A surprisingly good jobs report invigorated investors, reviving optimism that the economic recovery might be strengthening.

Jobless Rate Holds Steady, Raising Hopes of Recovery

The economy in February shed 36,000 nonfarm jobs, fewer than forecast, as the unemployment rate held at 9.7 percent, the Labor Department said on Friday.

Credit Cards Booming In China, As Cash Culture Adopts Plastic

The health of consumer product makers and financial tech providers worldwide may depend on how many of China's 1.3 billion people start paying with plastic. China's on deck to become the world's largest consumer market by 2020, many analysts say. Credit cards may play a pivotal role. Until a few years ago, many Chinese shied away from credit cards, reflecting a conservative Asian liking for cash d...

Service Sector Accelerates, But Job Woes Continue

Growth in the service sector accelerated in February to its fastest pace in more than two years, but jobs remained hard to find. Meanwhile, the Federal Reserve said Wednesday that the economy improved in nine of the 12 U.S. regions in February amid gains in manufacturing and consumer spending, which accounts for about 70% of economic activity. “In most cases the increases were modest,”...

Austerity Measures May Save Greece, But Will They Topple Europe’s Economy?

Greece took steps Wednesday to slash its huge budget deficit, trying to calm markets and pressure Germany to agree to a bailout as Europe aims to avert a widespread sovereign debt crisis. The euro, hammered on fears that Greece's debt debacle will spread to Portugal and Spain, rallied 0.7% vs. the dollar Wednesday.


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