United States Economy

Penny and Phil Sound Bite

Expert analysis on the May jobs report

The economy added 217,000 jobs in May, the U.S. Department of Labor said today. Meanwhile, unemployment in May held steady at 6.3%. The strong report, following good results in recent months, is another milestone indicating […]


This Sept. 2, 2012 photo released by Sara Brandfon shows father Mike Brandfon holding his daughters  Abby, left, and Sophie in Chicago.

Study: At-home dads down slightly since recession

NEW YORK (AP) — The number of U.S. fathers home with their kids full-time is down, from a peak 2.2 million in 2010, the official end of the recession, to about 2 million in 2012, […]


Berkshire Hathaway CEO and Chairman Warren Buffett. (AP Photo/Nati Harnik, File)

Buffett says economy continues to grow steadily

OMAHA, Neb. (AP) — Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia’s advance into Ukraine. Buffett appeared on the business cable […]


Dec. 4, 2008: Federal Reserve Chairman Ben Bernanke speaks on housing and housing finance, at the Federal Reserve in Washington. (AP Photo/Jose Luis Magana, File)

Transcripts show Fed at times slow to grasp crisis

WASHINGTON (AP) — The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude. […]


(AP Photo)

Fed projects high unemployment for next 3 years

WASHINGTON (AP) – The Federal Reserve predicts the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years.



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