Tuesday, July 29, 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:
Hang Seng, Shanghai end higher (07-28 16:32)
Nissan profit surges in April-June period (07-28 15:47)
Australia approves India-backed mine (07-28 15:46)
European stocks open higher (07-28 15:21)
Nikkei reaches new six-month high (07-28 14:30)
Hang Seng gains at mid-day (07-28 12:25)
Nikkei up by break (07-28 10:50)
Nikkei opens lower (07-28 10:25)
Hong Kong stocks rise at open (07-28 10:21)
BSkyB to take over Italian, German pay TV networks (07-25 18:02)

More breaking news >>

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