Latest headlines in Economy News
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Obama to address new economic ideas next Wednesday(Reuters) (Yahoo U.S. Economy 2010-09-03 22:14:13)
Reuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
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Economy 101: Jobless rate widens for black workers(AP) (Yahoo U.S. Economy 2010-09-03 21:56:04)
AP - When the unemployment rate rose last month, the pain wasn't spread evenly.
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Despite hiring, US unemployment rate seems frozen(AP) (Yahoo U.S. Economy 2010-09-03 21:49:44)
AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
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Summary Box: Unemployment rate rises to 9.6 pct(AP) (Yahoo U.S. Economy 2010-09-03 21:41:31)
AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
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A rise in unemployment that is "about unchanged"(AP) (Yahoo U.S. Economy 2010-09-03 21:24:04)
AP - For most Americans, the most important information in the monthly unemployment report is whether the jobless rate rose or fell, and by how much.
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Obama planning new package of economic aid(AP) (Yahoo U.S. Economy 2010-09-03 19:44:53)
AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.
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Payrolls data offer ray of hope for recovery(Reuters) (Yahoo U.S. Economy 2010-09-03 17:44:13)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
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Obama promises more stimulus as unemployment edges up(AFP) (Yahoo U.S. Economy 2010-09-03 16:58:27)
AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.
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Summary Box: Service sector growth slows in August(AP) (Yahoo U.S. Economy 2010-09-03 15:56:00)
AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January.
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US services sector growth eases(AFP) (Yahoo U.S. Economy 2010-09-03 15:53:04)
AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said on Friday.
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Service sector grows at slower pace in August(AP) (Yahoo U.S. Economy 2010-09-03 15:49:54)
AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
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Obama: New jobs numbers 'positive' but not enough(AP) (Yahoo U.S. Economy 2010-09-03 15:27:09)
AP - President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he'd roll out new plans next week to spur the economy.
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Private hiring surprises with 67,000 new jobs(Reuters) (Yahoo U.S. Economy 2010-09-03 15:10:45)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
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Obama: jobs data 'positive' but not enough(AFP) (Yahoo U.S. Economy 2010-09-03 15:09:29)
AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.
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Top Obama critic blasts 'job-killing' policies(AFP) (Yahoo U.S. Economy 2010-09-03 14:56:45)
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
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Obama says to address new economic ideas next week(Reuters) (Yahoo U.S. Economy 2010-09-03 14:53:05)
Reuters - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.
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Oil prices stage gentle rebound after US payrolls(AFP) (Yahoo U.S. Economy 2010-09-03 14:36:21)
AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world's leading energy consumer.
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US posts better-than-expected jobs data(AFP) (Yahoo U.S. Economy 2010-09-03 14:30:47)
AFP - The US unemployment rate edges up to 9.6 percent easing fears of a jobs meltdown but posing tough questions for President Barack Obama.
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White House: August jobs report reassuring(Reuters) (Yahoo U.S. Economy 2010-09-03 14:18:00)
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
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Non-manufacturing sector slows in August: ISM(Reuters) (Yahoo U.S. Economy 2010-09-03 14:10:07)
Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.