More Economy Articles

  • Yes, long-term unemployment is falling, but for 'all the wrong reasons'

    Long-term unemployment in the U.S. fell 293,000 in June to 3.1 million, the U.S. Bureau of Labor Statistics reported this month.

  • US stocks creep higher after two days of losses

    NEW YORK (AP) — Stocks are closing higher after corporate earnings got off to an encouraging start. Stocks held onto their gains through the afternoon Wednesday after the Federal Reserve released minutes from its latest policy meeting in June. Alcoa rose 6 percent after reporting earnings...

  • Gold prices climb after Federal Reserve minutes

    Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows. Gold for August delivery rose $7.80 to settle at $1,324.30 an ounce on Wednesday. Silver for September rose 6 cents to $21.07 an ounce. In minutes from its June meeting released...

  • Oil on 2-week slide even with Mideast turmoil

    NEW YORK (AP) — The price of oil fell for the ninth straight day Wednesday as global supplies continue to flow despite unrest in the world's most important oil-producing region. The prolonged drop could lead to lower gasoline prices for U.S. drivers in the weeks ahead. In the Middle East,...

  • Fed sets an expiration date for quantitative easing

    Federal Reserve officials have an end in mind for the latest round of quantitative easing: If all goes to plan, they will taper the central bank's bond purchases from the current $35 billion a month to zero by October.

  • Markets steady after solid earnings reports

    LONDON (AP) — Stock markets in Europe steadied Wednesday as Wall Street opened solidly following positive earnings news from aluminum company Alcoa. The company reported better than expected results in an after-hours statement Tuesday. Alcoa traditionally kicks off the quarterly reporting...

  • China says it's up to US to drive global economy

    BEIJING (AP) — China's finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that leaders are satisfied with the country's economic performance so far this year and that in the...

  • Crumbs shows dangers of focusing on single product

    NEW YORK (AP) — Turns out, being a one-hit wonder is risky. When Crumbs, the New York City-based chain that built its business around cupcakes, shuttered several dozen of its remaining locations on Monday, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave...

  • Stocks fall for a second day; Nasdaq slumps

    NEW YORK (AP) — Investors unloaded stocks for a second straight day ahead of a slew of corporate earnings that will help them determine whether a recent run-up in the market is justified. The selling Tuesday follows record closes last week. The Dow Jones industrial average ended below 17,000,...

  • More good news about job creation -- but there's a catch

    Analysts had expected that the number of job openings for May would settle back down after a boom of nearly 10 percent in April. Instead, they rose again, from 4.5 to 4.6 million, according to the BLS' Job Openings and Labor Turnover Survey (JOLTS).

  • EXography: Employment keeps sagging in the Obama recovery

    When President Obama took office in 2009, the U.S. economy was in the midst of the Great Recession of 2008. Five and a half years later, that historic swoon remains his excuse for continued economic stagnation.

  • These are the 10 wealthiest ZIP codes in America

    The nation's wealthiest ZIP codes are concentrated mostly on the coasts, with California and New England playing host to some serious cash, according to a new report from the Atlantic's CityLab.

  • Looking under the hood on the latest good jobs report

    Let's bring American companies back home. There will be more growth, more investment, more jobs and much higher wages.

  • Minimum wage push shows ballot measure hurdles in Nebraska

    Supporters of a higher minimum wage claimed victory last week in their effort to place the issue on the November ballot, but getting it there wasn't easy.

  • Is the 'recovery summer' for real this time?

    There are finally signs that the long-awaited recovery, complete with above-trend economic growth, may finally be underway.

From the Weekly Standard