Edition: U.S. / Global

Friday, December 5, 2014

Business Day Economy

Workers at the U.S. Army Corps of Engineers Olmsted Locks and Dam project on the Ohio River at Olmsted, Ill.
Brandon Dill for The New York Times

Workers at the U.S. Army Corps of Engineers Olmsted Locks and Dam project on the Ohio River at Olmsted, Ill.

The gain was the largest monthly jump in payrolls in nearly three years, and average hourly earnings surged 0.4 percent, twice what analysts expected.

Brighter Economy Raises Odds of Action in Congress

An improving labor market, broad economic growth and a falling federal budget deficit are brightening the prospect of bipartisan cooperation next year.

Washington Memo

After Jobs Report, Obama Takes a Little Credit

The recovery has gained enough traction, White House officials say, that President Obama can make a robust case for how the accelerating job growth is likely to translate into higher wages.

E.C.B.’s Draghi Hints at More Stimulus in Future for Europe

The questions are growing more urgent over how much longer the European Central Bank can merely hint at actions to come before markets lose faith in it.

Bass Pro Shops to Add a Memphis Pyramid to Its Business Empire

The former arena for sports and concerts, which did not deliver the economic lift that the city expected when it was built, has been unused since 2007.

The Upshot

Five Economic Trends to Be Thankful For

Cheap gas, job growth, worker confidence, home prices and household debt offer positive signs for the future.

Special Section

Mutual Funds Report: Second Quarter

Mutual funds and E.T.F.s generally fared well in the second quarter, despite rumblings from global trouble spots and the Federal Reserve’s intention of reducing economic stimulus.

The Nation’s Economy, This Side of the Recession

In the five years since the United States began its slow climb out of the deepest recession since the 1930s, the job market has undergone a substantial makeover.

From the Magazine
It's the Economy

Will the LeBron James Stimulus Be Good for Cleveland?

Some locals are hoping King James’s return will revive the city’s economy, but experts say these predictions are wildly inflated and unlikely to last.

Columnists
Economic Scene

Income Gap Shrinks in Chile, for Better or Worse

Income inequality in Chile and other parts of Latin America is narrowing, but the reason for the decline, yet to be determined, could be good news or bad.

High & Low Finance

Argentina’s Case Has No Victors, Many Losers

With no international debt restructuring mechanism in place, holders of bonds in default are left with rulings by national courts that can be contradictory.

Economic Scene

A Carbon Tax Could Bolster Green Energy

Despite technological innovations, investment in alternative power generation is lagging. But one tool could trim carbon emissions on a meaningful scale.

Off the Charts

U.S. Men Make Employment Gains

The unemployment rate for men dipped below that of women for the first time since 2006, and the number of private sector jobs held by men reached a new peak.

High & Low Finance

Borrowers in Hungary Learn Tough Lessons

The story of how Hungarians wound up deeply in debt in Swiss francs is partly a story of European overconfidence during the boom before the credit crisis. But it is also a story of how poor regulation of banks can be disastrous.

Timeline: Yellen’s Path to the Pinnacle

Milestones in the career of Janet L. Yellen, President Obama’s choice to be chief of the Federal Reserve, including video recollections from friends and colleagues.

Special Features

Interactive Graphic: Is It Better to Buy or Rent?

The answer to the question depends on many factors. Compare the costs of buying and renting equivalent homes.

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Market data provided by Reuters. Copyright 2009 Reuters.

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