Friday, February 27, 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:
Novartis Japan hit with suspension over side-effect reporting (42 mins ago)
Nikkei reaches new 15-year high (57 mins ago)
Chinese got 6,985 US investor visas n 2013 (1 hr 43 mins ago)
Chinese billions in US open avenues for investment fraud (1 hr 55 mins ago)
New World Development reports HK$5.8b net income (2 hrs 13 mins ago)
Asian equities largely flat, greenback eases (02-27 12:01)
Nikkei climbs at break (02-27 11:02)
Nasdaq continues march towards 5,000 (02-27 10:53)
US January inflation eases (02-27 10:48)
Japan’s factories humming (02-27 10:46)

More breaking news >>

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