Topic: Sung Won Sohn

With meager jobs growth, 'time running out' for Obama (+video)

The 2012 presidential election may hang on voters' perceptions about the economy, and Friday's report that just 115,000 jobs were created in April won't do much to help Obama. What's the outlook for the months ahead?

GDP report puts Obama in economic 'gray zone.' Will Republicans profit?

GDP increased at a 2.2 percent annual rate in the first quarter, Commerce Department said Friday. That's below economists' expectations. The news gives Republicans ammunition against Obama.

February jobs report brings some cheer for older workers

Older workers, the group hit hardest by the recession and slow recovery, landed the bulk of new jobs created by the improving economy, the February jobs report showed.

Electric vehicles entrepreneur from China stumbles in US

Electric vehicles partsmaker has string of California projects delayed or canceled for lack of cash. But research center for electric vehicles and other green power is funded and operating.

US economy grew at 2.5%. Will that quiet talk of a double dip?

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.

Dow falls 253 points in the wake of alarming jobs report

The economy added zero jobs in August, and the stock market tumbled in response

Unemployment rate drops 0.1 percent, showing 'positive momentum' in job market

The United States added 216,000 new jobs in March, mostly in the private sector job market, driving the unemployment rate down to 8.8 percent.

Unemployment rate drops to 8.9 percent. Has the economy turned a corner?

Not only did the unemployment rate fall, but the US economy added 192,000 jobs in February. But economists view the numbers differently.

Can economy's 2010 growth spurt last? Five clues.

The US economy grew at a relatively healthy 3.2 percent annual rate in the final quarter of 2010, the Commerce Department reported Friday. That is an improvement from a 2.6 percent rate in the third quarter.

But to many Americans, it's hard to tell if anything is really better. Buried in the new report are clues to why that is – and what might happen to the economy in the year ahead. Here are five things that the government’s preliminary report on gross domestic product reveals about the health of the economy.

Consumers, businesses boost US economy; 5 things we learn from GDP report

The US economy grew 2 percent in the third quarter, the Commerce Department reports. But imports limited the benefit to the GDP from increased consumer and business spending.

Jobs numbers for May squelch some economic optimism

Private sector businesses added just 41,000 new jobs in May, leading Republicans to criticize Obama's economic plan. But analysts see a few bright spots.

Dow average shoots up after Europeans agree on Greece debt plan

The Dow average was up by more than 340 points as of early Monday afternoon. Investors were relieved to see European leaders agree on a Greece debt plan.

Unemployment rate falls to 9.7 percent. Is job market improving?

Economists see some optimism in the unemployment rate as well as in other employment data. But overall, jobs are still being lost.

US sees biggest GDP growth in six years

US Gross Domestic Product (GDP) grew at a 5.6 percent rate last quarter, the biggest economic expansion in six years. But economists say that doesn't augur a growth in jobs any time soon.

Consumer spending, job numbers indicate uneven recovery

Consumer spending increased 1.3 percent in August, but a key reason was the 'cash for clunkers' program. Also, initial claims for unemployment rose last week, but the four-week average for claims fell slightly.

Stocks rally on Fed's word that the economy is leveling off

Though problems remain for housing and jobs, the Fed's Open Market Committee sees further improvement in financial markets in recent weeks.

Why US economy is poised to lift out of negative GDP

Economists see in second-quarter report some signs that the groundwork is laid for an upturn.

Jobless rate hits 9.4 percent, a 25-year high

A silver lining is the US economy shed fewer jobs in May than forecasters had predicted.

Signs of easing in US economic slide

Several indicators offer hope that the recession might be finally nearing the bottom.

Just how vulnerable are US banks?

A 'stress test' aims to assess which banks would need help if the economy worsened.

Economic stimulus plans now global phenomenon

At least 34 countries have plans, worth a total of $2.25 trillion.

US task: Put jobless into jobs

With biggest job losses since 1974, Obama plans massive public works.

Postcrisis economy: calmer but slower

With no investment banks and tighter regulation, experts see a less dynamic recovery ahead.

Wall Street woes: why world's investors sit on sidelines

Job No. 1 for central bankers: restore confidence in markets.

After a long slide, dollar on the rebound

A stronger US currency reduces inflation pressures, but American exports could run into head winds.