Aug 08 World Week Ahead: Reaction to the Credit Downgrade; Afghanistan Helicopter Probe By Larisa Epatko World markets took a tumble Monday after the United States received a credit rating downgrade Friday night, and the investigation continued into the downing of a U.S. military helicopter in Afghanistan over the weekend. Continue reading
Aug 08 Credit Downgrade Becomes Political Football A ticker in Times Square gives the news Friday evening about S&P downgrading the U.S. credit rating. Photo by Andrew Burton/Getty Images. The intensity and scale of the Obama administration pushback against Standard & Poor's downgrading of… Continue reading
Aug 05 S&P Downgrades U.S. Credit Rating From AAA for First Time Hours after U.S. markets closed Friday, credit rating agency Standard & Poor's announced it downgraded the credit rating of the United States for the first time in the ratings' history. S&P said it's cutting the No. 1 economy's top AAA… Continue reading
Aug 05 Watch Latest Jobs News Promising, But Markets Ask: What Will Revive Economy? New job numbers out Friday offered a glimmer of hope after a bad week for the economy ended with another volatile day on Wall Street. Jeffrey Brown discusses what the latest developments could mean for the U.S. economy with Lisa… Continue watching
Aug 05 With 117,00 New Jobs in July, a Slight Improvement in the Solman Unemployment Scale By Paul Solman "Employment Report Damned with Faint Praise: It Could Have Been Worse." Thus does Nigel Gault, Chief U.S. Economist of IHS Global Insight, sum up the consensus view of Friday's unemployment numbers. Jobs added in July; upward revision for June. Even… Continue reading
Aug 05 With 117,00 New Jobs in July, a Slight Improvement in the Solman Unemployment Scale By Paul Solman "Employment Report Damned with Faint Praise: It Could Have Been Worse." Thus does Nigel Gault, Chief U.S. Economist of IHS Global Insight, sum up the consensus view of Friday's unemployment numbers. Jobs added in July; upward revision for June. Even… Continue reading
Aug 05 July Job Numbers by the Solman Scale By News Desk The Labor Department reported Friday that hiring increased in July and the unemployment rate dipped to 9.1 percent. Below you'll find our Solman Scale jobs graphic, a different way to examine the larger picture of unemployment though a series… Continue reading
Aug 05 Obama Can Tout Improved Jobless Rate, but the Race Will Be Won in 2012 President Obama will speak about the economy Friday. Photo by Alex Wong/Getty Images. There's only one story worth watching in American politics today and it's the story that will likely determine the outcome of the 2012 presidential election. Continue reading
Aug 05 Jobless Rate Dips to 9.1%; Rebels Say Gadhafi's Son Killed in Airstrike A day after the worst stock-market sell-off since the 2008 financial crisis, the Labor Department reported Friday that hiring increased in July and the unemployment rate dipped to 9.1 percent. Employers added 117,000 jobs in July, an improvement from the… Continue reading
Aug 04 Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge On Thursday's NewsHour, Jeffrey Brown interviews New York City Mayor Michael Bloomberg about his new plan to tackle the disadvantages facing young black and Latino men in schooling and jobs. Brown also asked Bloomberg about Thursday's market sell-off… Continue reading