The U.S. economy is showing signs of improvement, according to the international monetary Fund (IMF).
However, the IMF said that the recovery from the recession has been "lukewarm."
In its regular assessment of the economy, the IMF said that the United States still faces "strong headwinds".
But he noted gains on the stock market and housing prices, and predicted that the economic growth should progressively to accelerate over the next year.
The IMF has said the expiration of the...
The American economy added 215,000 jobs in July. Before the report, economists on Wall Street predicted a gain of 225,000 jobs, with no change in the unemployment rate. Anything above 200,000 is considered very solid. The unemployment rate now at its lowest point since April 2008 stayed the same at 5.3%, according to the Labor Department. This is considered near full employment."Job growth is quite strong," says Jim O'Sullivan, chief economist at High Frequency Economics, a research firm...
China launched its first lunar probe on Monday morning, which, if all goes well, will make it the third nation - after the United States and the Soviet Union - to make a soft landing on the moon.
The launch of the probe took place at 01:30am Monday (12:30pm ET on Sunday), State-run Xinhua News Agency reported.
Chang'e-3 blasted off from a Long March 3B rocket in Sichuan province, located southwest of China and should land on the surface of the Moon in mid December.
The new effort to...
Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108.
The fall extends a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. "The fundamental situation for oil markets is much worse than previously...
In a difficult economic environment, taking extraordinary measures in your job search could be critical to landing the position you want. Here are some proven tips that are often overlooked by the average job seeker. And in today's job market, to be perceived as average is not a compliment.
Do your research
When you target a company for employment, research carefully. Visit its Web site. Discover who the managers are, their names, and as much about them as...
Half-gone are the theories that economic prosperity is dependent solely on communism, capitalism, socialism or some other dogma. Well, for the Chinese model, progress is anything that works.
With a large labor force willing to accept relatively low wages, China's growth remains assured. Chinese leaders know this cheap labor in light industry will not last forever and are investing heavily in manufacturing and education. China currently graduates more engineers than any country. Although numbers...
The Labor Department reported on Friday the U.S. economy gained280,000jobs in May, a good sign for job seekers. A survey of economists had projected there would only be 222,000 jobs gains.
The unemployment rate ticked up slightly in May to 5.5%, according to the Labor Department. That increase is likely a sign that more people returned to the work force.
May's jobs report is welcome news after the winter slowdown. The economy actually contracted in the first three months of this year, raising...
Poor Chinese economic data causing shivers in the global economy and helping lower the price of oil.China reported healthy oil imports data but analysts said the uptick was because China was taking advantage of the low prices.The rise in the number of oil drilling rigs in the U.S. last week, underscored concerns that the supply glut is unlikely to abate soon.“The prospect that crude oil prices will retest the lows hit earlier in the year has caught the market off guard,” said David...
The Chinese economy grew at a slower pace in the second quarter, continuing a trend that will test the leaders of the countries where they seek to perform painful structural reforms.
Gross domestic product increased by 7.5% over the previous year in the second quarter, the national Bureau of statistics reported on Monday. This performance corresponds to the target set by the Government and the consensus of private forecasters estimate. Q1 2013 growth rate was 7.7%.
Initial reaction of...
New figures on employment Friday offered hope for that elusive common ground in the economy, the Federal Reserve is fighting with the time to relieve its recovery efforts without endangering the recovery and markets.
The pace of job creation in June was enough to please investors and keep the Central Bank on track to start slowly pulling on his major bond purchase program this fall. But the job gains were sufficiently muted to calm fears of a sudden release of the Fed, a fear that has...
The US economy added a net of 195,000 new jobs in June, official figures show.
The figure was well above the expectations of economists 165,000. Revisions to the data for April and may have added 70,000 jobs in previous estimates.
The unemployment rate remained stable at 7.6% of the active population, according to data from the Bureau of Labor Statistics.
The dollar and U.S. bond yields jumped as market expectations have increased interest rates will start rising in a year.
Monetory policy is intended to promote economic growth in a country and maintain stability in the society by making sure the exchange rate of the currency of the country does not drop and reduce the rate of unemployment.
The monetary policy can be further divided into two functional categories which are expansionary and contractionary policy.
The expansionary policy is a situation where the monetary authority puts into place tools which will lead to a boom in the economy. This will imply...
Moody says lower oil prices will fail to give a "significant boost" to global growth in the next two years.
The ratings agency said any boost from cheaper oil would be offset by the eurozone's economic woes as well as slowdowns in Japan, China and Russia.
Moody's said it would not be revising its growth forecasts for the G20 countries as a result.
"For the G20 economies, we expect GDP growth of just under 3% each year in 2015 and 2016."
Marie Diron, the author of the report, said: "Lower...
The Canadian economy shrank by 0.2% on an annualized basis in May, perhaps pushing the country over the edge into recessionary territory for the first half of 2015 as reported by Statistics Canada on July 31. "There is no sugar-coating this one," Douglas Porter, BMO chief economist, wrote in a client note. "It's a sour result."The poor showing surprised economists, who had predicted GDP to remain flat, but the result followed a contraction in the first quarter at an annual rate of 0.6%....
Recent sanctions imposed by the US and its European allies seemed to rattle Russia’s economy on Friday, with Moscow’s stock indexes opening sharply lower, rating agencies threatening to reduce the country’s creditworthiness, and hints of trepidation coming from Russia’s tycoons as they ended an annual conference.
There were few signs the sanctions would succeed if the aim of the sanctions is to put economic pressure on the wealthy allies crucial to President...
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