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James Ensley of Rocky Face, Ga., took a $10,000-a-year job last month as a school-bus driver after almost two years of unemployment benefits ran out. While that's a third of his prior pay as a warehouse manager, the father of two says he's content.
The president of the European Central Bank will be locked in a room with a hundred or so journalists, each eager to extract details on his plan for the ECB to buy the bonds of troubled European sovereign nations such as Italy and Spain. And in the
A Federal Reserve policymaker emphatically says that politics is playing absolutely no role in its deliberations. But some economists say a desire to steer clear of the political fray could tip a close decision on whether to push down interest rates
Other indicators of labor market conditions, such as the labor force participation rate and the employment to population ratio, were "little changed in July," according to the agency . The latest hiring numbers mark an improvement over previous
Federal Reserve officials in various statements have said the central bank is willing to act to jump-start a sluggish recovery. In testimony on Capitol Hill last week, Chairman Ben Bernanke said the bank was willing to take further action as he
Treasury prices rose on Wednesday, reversing the prior session's increase in yields, as analysts will again tune into Federal Reserve Chairman Ben Bernanke's testimony to the House for any hints about when or what form of easing could come later.
Worker skills appear to be roughly as well matched to the labor market as they were before the recession, according to a Federal Reserve report about the economy of the Southeast. The annual report from the Fed's Atlanta district, which includes
Miss. (AP) — The president of the Federal Reserve Bank in Atlanta says the Fed should act to further stimulate growth if the economy doesn't improve by year's end. But speaking Friday to the Mississippi Economic Council, Dennis
A voting member of the Federal Reserve 's policy-setting body suggested on Friday he has joined the camp of those who believe more monetary stimulus is needed unless the outlook improves. "My support for the current stance of policy rests on a
recent trading debacle still very much in the news, there has been much discussion revolving around Jamie Dimon's involvement in the incident, as well as his kid-glove treatment by various government entities before which he has testified. While the