Monday, July 6, 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:
(Greece crisis) France puts ball in Athens’ court (6 mins ago)
(Greece crisis) Fallout hits Australian, Japanese stocks (40 mins ago)
(Greece crisis) Borrowing costs climb (42 mins ago)
(Greece crisis) Disliked by creditors, Finance Minister Varoufakis quits (1 hr 2 mins ago)
(Greece crisis) UK prepares to protect ‘economic security’ (1 hr 34 mins ago)
SmarTone names Stephen Chau interim CEO (2 hrs 16 mins ago)
Oil prices drop in Asia trade (2 hrs 41 mins ago)
Beijing bringing in the cavalry to stem stock losses may not help (2 hrs 47 mins ago)
China shares bounce, but Hang Seng and Asian markets fall sharply after Greece defies creditors (07-06 11:43)
Insurer Aetna to buy Humana in US$35b deal (07-03 22:32)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.