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 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
Aug 04 Watch Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge New York City Mayor Michael Bloomberg reacted to the latest market drop. Continue watching
Aug 04 Watch Market Plunge Startles Investors, But Fed ‘Out of Ammo’ Amid Double-Dip Fears Wall Street finished its worst day since the financial crisis began in 2008 Thursday as the Dow Jones industrial average fell more than 500 points. Judy Woodruff discusses investors' concerns about a possible double-dip recession with Hugh Johnson of Hugh… Continue watching
Aug 04 On Dow’s Worst Day Since 2008, Running for Cover By Paul Solman A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled me… Continue reading
Aug 03 Watch After Long Debt Battle, Is Current Version of U.S. Government Sustainable? After many months of heated debate, Washington was finally able to compromise on a debt deal to avert a government default this week. Judy Woodruff discusses how the battle over the debt ceiling compares to other politically polarized times with… Continue watching
Aug 03 Watch Tepid Economy at Heart of Global Market Volatility At a cabinet meeting on Wednesday, President Obama said the debt deal had averted "a massive blow" to the economy, but it wound up being another rocky day for global markets. Jeffrey Brown discusses the latest on the markets and… Continue watching
Aug 03 With Debt Deal Done, Markets See Little to Rally About By Paul Solman Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump. Photo… Continue reading
Aug 01 Watch Amid Debt-Ceiling Drama, Interest Rates Have Hardly Followed the Script On Wall Street, stocks initially rallied Monday on the news of a debt-ceiling deal, but a weak report on manufacturing killed the surge. Economics correspondent Paul Solman reports on the financial world's reactions to the drama over a debt deal… Continue watching