Thursday, September 3, 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:
Wall Street bounces back (09-02 21:44)
US businesses add 190,000 jobs in August (09-02 21:25)
Asia props up Lego profits (09-02 21:23)
Wild swings in European equities (09-02 20:43)
Shell determined to get benefits of Arctic oil, despite opposition (09-02 17:59)
European benchmarks rebound, but China stocks remain in the red (09-02 15:55)
Nikkei closes lower (09-02 14:16)
Region and world feels China chill, IMF chief says (09-02 13:24)
Hang Seng claws back losses, Nikkei reovers (09-02 12:48)
Top lawyer argues Sands China appeal against ex-CEO’s lawsuit (09-02 12:18)

More breaking news >>

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