Jobless Rate Still Good Gauge Of Slack: Fed Study

The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise.

A help wanted sign is posted on the door of a gas station in Encinitas, California September 6, 2013.

Novartis And GSK Trade Assets As Pharma Industry Reshapes

Novartis and GlaxoSmithKline traded over $20 billion worth of assets on Tuesday, aiming to bolster their best businesses and exit weaker ones as the drugs industry reshapes to cope with healthcare spending cuts and generic competition.

Novartis India headquarters in Mumbai April 1, 2013

Obama Argues Healthcare Law is Working, Rejects Republican Criticism

President Barack Obama mounted a vigorous effort on Thursday to show his signature healthcare law is working and dismissed Republican critics who are using flaws in Obamacare to campaign for ousting Democrats from the U.S. Congress in November.

U.S. President Barack Obama speaks next to U.S. Vice President Joseph Biden after touring the Community College of Allegheny West Hills Center in Oakdale, Pennsylvania, April 16, 2014.



Jobs & Career News

Paul Allen's Top Money Manager To Leave Post

Paul Allen's top money manager to leave post

The lead money manager for Microsoft Corp co-founder Paul Allen is leaving his post this week, marking the latest in a round of high-level departures at the Seattle billionaire's Vulcan Inc organization, which handles his $16 billion fortune.

Obama To Announce $600 Million U.S. Job-training Initiative

U.S. President Barack Obama speaks at the National Action Network's 16th Annual Convention in New York April 11, 2014.

President Barack Obama will announce an initiative on Wednesday to devote $600 million to address a central challenge of today's economy: How to train workers for skills they need for jobs that are open but hard to fill.

Health Secretary Resigns After Obamacare Launch Woes

U.S. health secretary resigns after Obamacare launch woes

U.S. Health and Human Services Secretary Kathleen Sebelius is resigning after overseeing the botched rollout of President Barack Obama's signature healthcare law, a White House official said on Thursday.

Yellen Strongly Defends Easy Fed Policies, Cites U.S. Labor Slack

United States Federal Reserve Chair Janet Yellen waits to speak at the 2014 National Interagency Community Reinvestment Conference in Chicago, March 31, 2014.

Federal Reserve Chair Janet Yellen said on Monday the U.S. central bank's "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come.

U.S. Jobs Market Dropouts Increasingly Likely to Stay Out

A job seeker stands in a room of prospective employers at a career fair in New York City, October 24, 2012.

A growing number of Americans quitting the labor force are likely gone for good, offering a cautionary note to the Federal Reserve as it tries to gauge how tight the jobs market is and how quickly to raise interest rates.

Consumer Spending, Income Rise in February

A J.Crew store is seen in Manhattan, New York March 3, 2014.

U.S. consumer spending rose in February, in the latest sign that the economy was regaining strength after being chilled by bad weather.

U.S. Employment Fails To Rebound Strongly From Winter Chill

A job seeker (C) talks to an exhibitor at the Colorado Hospital Association health care career fair in Denver April 9, 2013.

U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent.

Jobless Claims Rise More Than Expected

Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey, January 6, 2011.

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal.

Intel To Reduce Global Workforce By Five Percent In 2014

People visit the Intel booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013.

Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.

CANADA STOCKS-TSX May Open Lower after Soft North American Jobs Data

Jobseekers talk with recruiters at a Hire Our Heroes job fair in Washington, in this file photo taken June 11, 2013. U.S. private employers added 176,000 jobs in August, nearly matching economists'

Canadian stock index futures pointed to a lower open on Friday following the release of weaker-than-expected U.S. and Canadian employment data.

Congress To Begin 2014 With Jobless Benefits Battle

U.S. President Barack Obama announces his Chief of Staff Jack Lew (R) as his nominee for Treasury Secretary, in the East Room of the White House in Washington, January 10, 2013 file photo.

The U.S. Congress begins what promises to be another highly combative year on Monday with a showdown over a White House-backed bid to renew unemployment benefits for 1.3 million Americans.

 Lawmakers, green groups weigh in on Keystone XL delay

Lawmakers, Green groups Weigh In On Keystone XL Delay

The Obama administration said on Friday it would extend the period of time for federal agencies to weigh in on the Keystone XL oil pipeline, giving no new deadline.

The Netflix sign on is shown on an iPad in Encinitas, California, April 19,2013.

Netflix Plans Price Raise As Streaming Subscribers Grow

Video streaming service Netflix Inc said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers.

The Apple logo is pictured at its flagship retail store in San Francisco, California January 27, 2014.

Tech Workers Seek To Use Steve Jobs Evidence In Upcoming Trial On No-Hire Accords

Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document filed late on Thursday by employees suing the firms.

Traders gather at the booth that trades Abbott Laboratories on the floor of the New York Stock Exchange in this file photo taken December 10, 2012.

Wall Street Week Ahead: Spring Fever Brings Hope For U.S. Earnings

Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.

A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan April 1, 2014.

GM Could Benefit, Too, From An Ignition-Switch Victims Fund

If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. But it could stand to gain even more.

Corporate recruiters (R) gesture and shake hands as they talk with job seekers at a Hire Our Heroes job fair targeting unemployed military veterans and sponsored by the Cable Show, a cable television industry trade show in Washington, June 11, 2013.

U.S. Jobless Claims Hover Near Pre-Recession Levels

New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength.

Motorola Booth

Zebra Tech To Buy Motorola Solutions' Enterprise Business

Barcode printer maker Zebra Technologies Corp said it would buy Motorola Solutions Inc's enterprise business, which makes rugged mobile computers, tablets and barcode scanners, for $3.45 billion in cash.

Ford assembly line employees work on 3500 Duramax engine as they move along the assembly line at the Ford Lima Engine Plant in Lima, Ohio, March 28, 2014.

U.S. Industrial Output Rises In March, Manufacturing Gains

U.S. manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity.

New York Governor Andrew Cuomo talks with reporters before signing the 2014-15 state budget at the State Capitol in Albany, New York, April 1, 2014.

New York Finalizes $8 Billion Medicaid Accord With Federal Government

New York State said it finalized an agreement with the U.S. government on Monday allowing it to reinvest $8 billion of federal money in its health insurance system for low income people while avoiding potentially painful cuts or additional budget strain.

People shop at a farmer's market in the Capitol Hill neighborhood, where many government workers as well as members of Congress live while in session, in Washington October 5, 2013.

Food, Rental Housing Bump Up U.S. Consumer Inflation

U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.

Job seekers speak with with job recruiters while they attend the Coast to Coast job fair in New York, May 7, 2012.

Consumers' View Of U.S. Job Market Brightened In March: NY Fed

U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.

A GE logo is seen in a store in Santa Monica, California, October 11, 2010.

GE Capital Seen Ripe For More Slimming After Credit Card IPO

As General Electric Co (GE.N) starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further.

Some research shows that spending a little bit on an indulgence can help make sure you save some of it as well.

Tax Refund Psychology Says Splurge In Order To Save

There are many enterprises out there trying to separate you from your tax refund - from splurges such as airlines tickets for a celebratory vacation or for good purposes, like putting it all in a college savings account.

Nuveen Investments Sign

TIAA-CREF to Buy Nuveen Investments For $6.25 Billion

TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings.

Wells Fargo walk up ATMs lit at night on Ninth Street in Durham, North Carolina.

Wells Fargo Profit Beats Estimates, Sets Aside Less For Bad Loans

Wells Fargo & Co, the biggest U.S. mortgage lender, reported a better-than-expected 14 percent rise in first-quarter net profit as it set aside less money to cover bad loans.

A crew member looks out an observation window aboard a Royal New Zealand Air Force (RNZAF) P3 Orion maritime search aircraft as it flies over the southern Indian Ocean looking for debris from missing

Australian PM Says Searchers Confident of Position of MH370's Black Boxes

Search and rescue officials in Australia are confident they know the approximate position of the black box recorders from missing Malaysia Airlines Flight MH370, Australian Prime Minister Tony Abbott said on Friday.

Traders work on the floor of the New York Stock Exchange April 9, 2014.

The Kids Are Mostly Cash (And Mostly Wrong)

Younger investors may have drawn the right conclusion about the great financial crisis - that they were scammed - but their defensive reaction will simply add self-inflicted wounds to existing injuries.

The word 'password' is pictured on a computer screen in this picture illustration taken in Berlin May 21, 2013.

New 'Heartbleed' Bug Poses Major Threat to User Data

A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers in what experts say is one of the most serious security flaws uncovered in recent years.

Traders work on the floor of the New York Stock Exchange April 7, 2014.

U.S. Stock Market May Have Stumbled, But Signals Still Say 'Go'

The last six weeks have been rough for investors who jumped into 2013's big stock market winners like Netflix and Facebook, only to see their share prices crater.

JPMorgan Chase Chairman and CEO Jamie Dimon speaks during a discussion on ''Closing the Workforce Skills Gap'' at the Aspen Institute in Washington December 12, 2013.

JPMorgan's Dimon Says U.S. Banks Healthy, Europe Lagging

European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), told French newspaper Le Figaro.

British-born financier Nat Rothschild leaves after a Bumi shareholder meeting in London February 21, 2013.

How to Run or Ruin a Company in 140 Characters

When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity - but also the perils of saying the wrong thing.

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