Tuesday, August 4, 2015   

US labor market getting better
(07-15 13:48)

Federal Reserve Chairwoman Janet Yellen has some good news for Congress this week about the health of the labor market. But lawmakers will likely press her for more information on just how the central bank intends to react to the good news.
Her good news for lawmakers is about unemployment and job creation since she last went to Capitol Hill, in February. Then unemployment stood at 6.7 percent. It's now at 6.1 percent, the lowest since September 2008. More than 200,000 jobs a month have been created on average over the past five months, the strongest stretch since the late 1990s.
Yellen will report on interest-rate policy and the economy before the Senate Banking Committee on Tuesday. She follows that with testimony Wednesday before the House Financial Services Committee. --AP   
Other Business breaking news:
China stocks rally at close (2 hrs 22 mins ago)
European stocks lower (2 hrs 23 mins ago)
BMW quarterly income falls, Roll-Royce sales weak (2 hrs 28 mins ago)
Kerry says Pacific trade pact close at hand (2 hrs 31 mins ago)
UK raises US$3.3b offloading 5.4pc stake in Royal Bank of Scotland (2 hrs 33 mins ago)
Euro weakens (08-04 12:29)
Oil prices inch up in Asia (08-04 12:27)
S&P downgrades Europe outlook to negative (08-04 12:26)
Hang Seng lower (08-04 12:21)
US stocks fall (08-04 12:21)

More breaking news >>

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