Financial Times: Romer upbeat on US economy

Very Good News On Unemployment, With One Ominous Sign ...

By: intellectual

So it's hard not to like today's unemployment report: the economy only lost 11,000 jobs in November, a number so small the Labor Department considers the employment level "essentially unchanged" from October. That's after shedding an average of 135,000 jobs in each of the previous three months. And even that 135,000 figure ...

3 days ago

IMF warns G20 on cutting economic support

By: voiceofkashmir

WASHINGTON: The global economic recovery is uneven and the timing of any exit strategies should err toward supporting demand, according to an International Monetary Fund paper prepared for the G20.In the document prepared for a meeting of Group of 20 finance ministers and central bankers in Scotland, the IMF stressed the fragility of the global ...

about 1 month ago

$787 billion jolt to economy falls flat

By: kimberlydvorak

The $787 billion stimulus package the country could not survive without in February fell flat as President Obama’s top economic aide said the package has already seen its biggest impact on the economy. Christina Romer, chair of the Council of Economic Advisors explained, the $194 billion spent in the second and third quarters of this ...

about 1 month ago

Tourism Rebounds in Pacific, Raising Hopes of Recovery, Says ADB

By: chnarendra

A recent increase in Australian and New Zealand tourists to Pacific island countries has raised hopes the region's vital tourism industry is recovering after being buffeted by the global financial crisis, according to a new Asian Development Bank (ADB) publication. The November issue of Pacific Economic Monitor, a quarterly economic re

about 1 month ago