Articles By Moran Zhang
U.S. employers in the restaurant and retail industries -- those with a large number of hourly wage workers who traditionally had minimal or no health insurance -- are more likely than other companies to drop their health plans or cut worker's hours in order to maintain their already slim profit margins.
The number of Americans lining up for new jobless benefits fell unexpectedly last week, the Labor Dept. said Thursday, suggesting that the battered labor market is healing.
The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.
There have been few better ways to track the pessimism surrounding the China slowdown story than the declining value of shares of Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment.
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
Next week will be a reasonably quiet one for both the U.S. and the euro zone, but China will be dumping a whole bunch of macro data for July .
At first glance, Friday's better-than-expected U.S. jobs report might have offered a glimmer of hope after four straight months of dismal jobs numbers. But the devil is in the details.
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
The number of Americans lining up for new jobless benefits last week rose less than expected, the Labor Department said Thursday, partly reflecting the volatility of applications during the annual auto-plant retooling period.
The jobless rate in the U.S. has stubbornly remained above 8 percent for more than three years, and the labor market likely saw little improvement in July, economists say in anticipation of the July nonfarm payrolls report due Friday.