Investors recover from morning fears about the labor market and the economic slowdown thanks to rally in financial shares. Stocks ended mixed Friday after a tough session and week, as a rally in the hard-hit financial...
By Ellis Mnyandu NEW YORK (Reuters) - Stocks headed for a lower open on Friday after a government report showed the U.S. labor market deteriorated further in August, pushing the unemployment rate to its highest in more...
The unemployment rate soared to a nearly five-year high in August, topping 6 percent, as employers trimmed jobs for the eighth straight month, according to the latest government reading Friday that came in weaker than...
Major indexes clawed their way back from an early selloff after a weak U.S. jobs report raised fresh concerns about a recession The world's best tennis players have been serving up some sizzling volleys at this week's U.S....
LONDON (AP) — World stock markets retreated Friday in the wake of a sell-off on Wall Street and mounting concerns about a slumping U.S. economy and its effect on global growth. JOBS: 84,000 jobs cut in Aug.; jobless rate...
Wall Street weakens in early going after the monthly report shows job losses and an unemployment rate that was worse than expected. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By...
Spain's government defended a plan to fight soaring unemployment by shutting the door on foreign workers, fending off criticism that the idea is mean-spirited and futile. Deputy Prime Minister Maria Teresa Fernandez de la...
Economy shed jobs for eighth straight month in August NEW YORK - “Since mid-July I think it’s become apparent that the global economies have really weakened pretty sharply,” said Thomas J. Lee, U.S. equities strategist at...
August's dismal employment numbers signal a bleak economic outlook. On Friday, the U.S. Labor Department reported an unemployment rate that floated up to 6.1%, as nonagricultural employers slashed yet another 84,000 jobs....
Friday September 5, 4:19 pm ET By Kristen A. Lee and Michelle Chapman, AP Business Writers Newspaper companies are shedding jobs, while leisure companies faring better NEW YORK (AP) -- The Labor Department reported that...