Why did the unemployment rate drop so much? There are good reasons and bad. While the economy is in fact adding jobs, it is also true that many Americans may have given up looking.
The unemployment rate fell to 8.6 percent last month, down from 9 percent. It's the latest sign that the US economy is steering clear of a new recession. Still, pitfalls linger.
Growth rate for the US economy was 2.5 percent in the third quarter, the government reported. That's an improvement over the first half of 2011, when concerns escalated about a double dip recession.
Annual PPI – a gauge of wholesale prices – rises to 6.9 percent. But without energy and food, core annual PPI up only 2.5 percent.
With Herman Cain now a GOP front-runner in some polls, DCDecoder offers a four-point primer on Cain's 999 plan.
Herman Cain's political star is lately on the rise, thanks in no small part to the persistent marketing of his '9-9-9 plan' to reform the tax code. Independent economists say the plan takes us into uncharted territory.
Under grimmest scenario, debt-burdened Greece, Ireland, Italy, and Spain can't pay what they owe to Eurozone banks, which then stumble, causing US banks to falter, too. But US banking system is stronger now, and regulators are more vigilant, say optimists.
Stock market gains early Friday morning were wiped out by noon, before another rally ensued. A better-than-expected jobs report gave some analysts hope that another recession could be averted.
Higher interest rates. No money for things like highways, federal workers, defense contractors, food stamps. Return to recession. That's what most economists see as inevitable if national debt ceiling is not raised.
Slowdowns in car sales, manufacturing, home sales, and job creation collectively shook the stock market. Both the Dow and S&P 500 fell more than 2 percent Wednesday.