Friday, November 21, 2014   

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:
PBOC to inject liquidity if necessary (1 hr 4 mins ago)
China cuts interest rates (1 hr 26 mins ago)
Indexes track Connect (2 hrs 32 mins ago)
ECB chief says will ramp up asset purchases 'without delay' (2 hrs 58 mins ago)
European stocks rise at open (11-21 16:23)
Hang Seng ends higher (11-21 16:22)
Nikkei closes higher (11-21 15:03)
Nikkei down by break (11-21 11:03)
Taiwan export orders hit record high on iPhone 6 demand (11-20 19:08)
Japan exports up 9.6 percent in October (11-20 18:41)

More breaking news >>

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