Brighter Economy Raises Odds of Action in Congress
By JONATHAN WEISMAN
An improving labor market, broad economic growth and a falling federal budget deficit are brightening the prospect of bipartisan cooperation next year.
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.
An improving labor market, broad economic growth and a falling federal budget deficit are brightening the prospect of bipartisan cooperation next year.
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.
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.
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.
Cheap gas, job growth, worker confidence, home prices and household debt offer positive signs for the future.
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.
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.
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.
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.
With no international debt restructuring mechanism in place, holders of bonds in default are left with rulings by national courts that can be contradictory.
Despite technological innovations, investment in alternative power generation is lagging. But one tool could trim carbon emissions on a meaningful scale.
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.
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.
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.
See how your household income ranks in 344 zones across the United States.
The answer to the question depends on many factors. Compare the costs of buying and renting equivalent homes.