RSS Feed

Sears Considers Leaving Illinois For Better Tax Deal

The company has called Illinois home for more than a century but is now at the heart of a bidding war between states, which are increasingly looking to take businesses away from one another as new-job creation remains slow. One offer from Ohio is reportedly worth up to $400 million in tax incentives.

Lower Unemployment May Paint Incomplete Picture

The Labor Department reports that the country's unemployment rate fell sharply last month. It dropped from 9 percent to 8.6 percent. Unfortunately, the real labor market may not have improved all that much. Many workers have given up looking for jobs, and their "retirement" can skew the unemployment rate, making it look better than the reality.

World Starts To Worry As Chinese Economy Hiccups

After a key Chinese economic measure recently fell to its lowest level in three years, economists said the ripples might be felt in economies thousands of miles away.

Jobless Dip May Overstate Economic Improvement

The unemployment rate dropped unexpectedly to 8.6 percent in November, in part because hundreds of thousands of Americans stopped looking for work. But analysts said the modest increase of 120,000 jobs created last month points to an economy that's generally still limping.

Unemployment Rate Drops To 8.6 Percent; 120,000 Jobs Added

The highly anticipated news brought a surprise: The unemployment rate had been expected to stay at 9 percent. But it fell in part because of an increase in the number of "discouraged" workers. They've given up looking for jobs.

Merkel, Sarkozy Push For Fiscal Change In Eurozone

Time is running out for European leaders to find a way out of their debt crisis and salvage the euro as the single currency for 17 nations. As they prepare for a European Union summit next week, French President Nicolas Sarkozy and German Chancellor Angela Merkel have presented their plans to their respective countries.

Analysts Expect Jobless Rate To Remain Unchanged

The unemployment rate began the year at 9 percent and may end essentially unchanged. While some sectors add jobs, others lose them. Private employers are modestly adding to their payrolls, but government is cutting back. All that makes for a job market that's stuck in a rut.

Housing Market Lags Other Areas Of Recovery

The housing industry continues to be a drag on the economy. David Wessel, economics editor of The Wall Street Journal, talks to Steve Inskeep about the state of the housing market, and possible action the administration might take to boost this critical sector of the economy.