President Obama and Vice President Biden are lunching outside the White House and promoting government financed work projects that he says could be endangered if Congress does not act by the end of the summer.
In a nation of mostly haves and have-mores, Swiss voters head to the polls Sunday to decide on a union proposal that would create a new nationwide minimum wage at 22 Swiss francs ($24.70) an hour — the world's highest.
Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation's job market.
The Michigan Senate approved raising the state's minimum wage to $9.20 an hour from $7.40 in a compromise that some supporters hope will pre-empt a ballot drive to raise it to $10.10.
U.S. manufacturers may be losing up to 11 percent annually of their earnings as a result of increased production costs stemming from a shortage of skilled workers, according to a new study from Accenture and The Manufacturing Institute.
While the Seattle mayor is proposing to raise the wage to $15 in the coming years to the highest level in the nation, some activists say that's too slow and are threatening to take the issue to voters with a ballot measure that would force a raise sooner.
Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels.
U.S. factory output slid last month after two months of strong growth. Manufacturers produced less furniture, machinery and plastics.
The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.
The Commerce Department says stockpiles rose 0.4 percent after a 0.5 percent rise in February. Sales in March jumped 1 percent, the largest advance since May, after a 0.9 percent February increase.
The Commerce Department says retail sales rose just 0.1 percent last month, after surging 1.5 percent in March following a harsh winter that had curtailed shopping.
Seeking to boost exports, the Obama administration is launching a new initiative aimed at helping small- and medium-sized businesses sell their products in new markets overseas.
The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.
President Xi Jinping's comments come amid weakening trade and manufacturing. Economic growth slowed in the latest quarter to 7.4 percent after last year's full-year expansion of 7.7 percent tied 2012 for the weakest performance since 1999.
The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, adding $156 billion to the budget deficit over the next decade.
U.S. employers advertised slightly fewer jobs and slowed hiring a bit in March, though the declines came after healthy gains the previous month. The figures suggest the job market is improving in fits and starts.
The report highlights the severe decline in inflation-adjusted business investment and the recovery’s slow pace in the 2008-2009 recession cycle and uses private nonresidential investment—equipment, structures, and intellectual property—as an example.
The number of Americans seeking unemployment benefits fell 26,000 last week to 319,000, the latest sign that the job market is slowly improving.
It's a situation that's leading small business owners wading through piles of resumes to an unhappy conclusion: The job applicant pool is full of unskilled, unreliable slackers.
U.S. productivity fell in the first quarter while labor costs rose, reflecting the economic slowdown caused at the start of the year by harsh winter weather.
The back-to-back memoirs from former Secretary of State Hillary Clinton and ex-Treasury Secretary Timothy Geithner will be the latest installments in what has become an often awkward Washington ritual: one-time confidants signing big book contracts to examine a presidency that is still ongoing.
In an interconnected global economy, bad news for one economic superpower is typically bad news for another — even a fierce rival.
House Republicans spare aircraft, bases and personnel benefits from defense budget cuts by chipping away at money the Pentagon spends in preparing the military for war.
Top executives at major United States companies are reconsidering or withdrawing their participation in a Russian international economic forum after being pressed by the Obama administration to drop out amid the growing crisis in Ukraine.
China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.