Articles

Senate nears vote to defeat Obama’s jobs bill

Despite President Barack Obama's exhortations, the Senate prepared to swiftly kill his jobs package Tuesday and the White House and congressional leaders were already moving on to other ways to cut the nation's painfully high unemployment without raising taxes.

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Economy added 103,000 jobs in September

The burst of hiring followed a sluggish summer for the economy—and at least temporarily calms fears of a new recession that have hung over Wall Street and the nation for weeks.

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Fewer people apply for unemployment benefits

Weekly unemployment applications dropped 37,000, to a seasonally adjusted 391,000, the Labor Department said Thursday. That's the lowest level since April 2 and the first time applications have fallen below 400,000 since Aug. 6.

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Economy growing at slowest pace since recession

The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.

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