The White House forecast more robust economic growth in the United States this year than last year and a further pick-up in the economy next year.Wednesday, 12 March, 2014, 5:21am
The United States Federal Reserve agreed last month to modestly reduce its bond purchases because of improvements in the job market that many Fed members felt would be sustained.9 Jan 2014 - 11:47pm
US stocks moved higher on Friday after a surprisingly strong jobs report suggested the economic recovery was on track. The widely-anticipated monthly jobs report said the unemployment rate fell to 7.7 per cent from 7.9 per cent, while the number of net jobs gained came in at 236,000, according to the Labor Department.8 Mar 2013 - 11:47pm
The number of Americans filing first-time claims for jobless benefits fell last week by 37,000 to 335,000, the lowest level in five years, pointing to further improvement in the labour market.18 Jan 2013 - 5:27am
Most US stocks inched up yesterday after fresh data showed steady gains in jobs while the jobless rate stayed at a level that's unlikely to hasten the end of the Federal Reserve stimulus.5 Jan 2013 - 3:13am
The budget deal struck by the White House and US Senate Republican leaders, if it becomes law, would probably slow the US economic recovery without stopping it.2 Jan 2013 - 4:24am
Let's get one thing straight: America is not facing a fiscal crisis. It is, however, still very much experiencing a job crisis.
It's easy to get confused about the fiscal thing, since everyone's talking about the "fiscal cliff". Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.9 Dec 2012 - 10:24am
High-end manufacturing may be starting to shift back from China to the United States, but China will remain a major manufacturing base for the foreseeable future, say industry players.8 Dec 2012 - 4:22am
S&P maintains China's sovereign debt ratings
Standard & Poor's affirmed China's sovereign long-term credit rating of AA-minus and short-term rating of A-1-plus in an annual report yesterday and said the outlook remains stable, citing the country's "exceptional" growth prospects, holdings of overseas assets and modest government indebtedness. Bloomberg
30 Nov 2012 - 2:53am
The stuttering growth of the once almighty US economy, especially the sluggish creation of new jobs, is having a profoundly depressing impact worldwide, dragging querulous Europe and even high-flying Asian economies down to earth.28 Nov 2012 - 2:34am
US Federal Reserve chairman Ben Bernanke stepped up his warning Tuesday over the looming ‘fiscal cliff,’ saying its mandatory tax hikes and spending cuts pose a “substantial threat” to the country’s economic recovery.21 Nov 2012 - 4:31am
The final key economic report four days before the US presidential election held something for both candidates yesterday.
It showed the monthly unemployment rate ticked up slightly but with far more jobs created than expected, as voters decide between a second term for President Barack Obama or a change to Republican challenger Mitt Romney.3 Nov 2012 - 3:58am