Archive For "January, 2010"

Attention will be fixed on the Labor Department on Friday when the government publishes its January report on job growth and unemployment.

Davos policymakers fret over how to end global stimulus measures.

The dollar rises to a fresh six-month high, propelled by data showing the American economy grew at a faster-than-expected clip in the fourth quarter and consumer confidence rose.

The Obama administration’s banking proposals will make a ‘real difference’ and serve to check systemic risk, top White House economic adviser Lawrence Summers tells top business executives at the World Economic Forum’s meeting in Davos.

A focus on rising deficits in the United States and other developed countries is misplaced, according to some economists attending the annual gathering of business leaders and politicians in Davos, Switzerland.

The costs of employing a worker in the United States increased 1.5% in 2009, the Labor Department reported Friday.

On Jan. 29, a MarketWatch report on the United States fourth-quarter employment cost index incorrectly described the level of employment costs. It was the pace of the increase in the costs that was a record low for a calendar year. Read the corrected story.

The dollar trades higher after the release of U.S. gross domestic product data for the fourth quarter. GDP expands to 5.7%, the fastest growth in six years.

NEW YORK (MarketWatch) — The dollar added to gains versus major rivals on Friday after a report said U.S. consumer confidence improved this month more than previously estimated, according to a survey by Reuters/University of Michigan. Its sentiment index rose to 74.4 this month, from a previous estimate of 72.8. The dollar index , which tracks the greenback against a trade-weighted basket of six major currencies, rose to 79.300 in recent trading, compared with 78.875 late Thursday. The dollar had been higher earlier after a report said the U.S. economy grew at a faster pace in the fourth quarter than many economists expected.

The dollar trades higher after the release of U.S. gross domestic product data for the fourth quarter. GDP expands to 5.7%, the fastest growth in six years.