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U.S. Economy • France says Greek PSI talks going "relatively well"
(Reuters)
Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult.
• Obama presses Congress to pass aid to homeowners
(Reuters)
Reuters - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk.
• Dealer group sees higher US auto sales and prices
(AP)
AP - Car buyers will likely pay more for new and used cars this year as the economy improves.
• Hiring surges in January; jobless rate at 8.3 pct.
(AP)
AP - In a long-awaited surge of hiring, companies added 243,000 jobs in January — across the economy, up and down the pay scale and far more than just about anyone expected. Unemployment fell to 8.3 percent, the lowest in three years.
• Obama pushes for veterans jobs programs
(AP)
AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands.
• Unemployment falls sharply in US, rises in Europe
(AP)
AP - Unemployment falls sharply in US, rises in Europe
• Jobless rate at 3-year low as payrolls surge
(Reuters)
Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
• California to borrow internally to raise cash
(Reuters)
Reuters - California Governor Jerry Brown signed a bill on Friday allowing the state government to borrow from internal funds to build up its cash, which the controller earlier this week said was quickly dwindling.
• A sample of companies that are hiring, at a glance
(AP)
AP - Employers across a range of industries have stepped up hiring. The economy gained 243,000 jobs in January, the most since last April. The hiring spree helped lower the unemployment rate for a fifth straight month, to 8.3 percent.
• Obama plan would hire vets as cops, firefighters
(Reuters)
Reuters - President Barack Obama on Friday announced measures to hire Iraq and Afghanistan veterans to restore national parks and work as police and firefighters in a bid to cut veterans' above-average unemployment rate.
• Oil prices rise after drop in US hiring expands
(AP)
AP - A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.
• Unemployment rate hinges on more than job gains
(AP)
AP - For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year.
• Year-over-year unemployment rates by age and sex
(AP)
AP - Year-over-year unemployment rates by age and sex
• Jobs numbers boost Obama, needs lasting trend
(Reuters)
Reuters - An unexpectedly strong jobs report on Friday boosted President Barack Obama's re-election prospects, but the trend must last to deny his opponents the biggest cudgel they have to bash him before the November election.
• U.S. Companies 'Yammer' for a Productivity Revolution
(ContributorNetwork)
ContributorNetwork - SAN FRANCISCO -- In a pleasant surprise, the Department of Labor has reported an another increase in total nonfarm employment. The U.S. added 243,000 jobs in January, ticking the unemployment rate to 8.3 percent.
• Obama tells Congress: "don't muck up" U.S. recovery
(Reuters)
Reuters - Jobs figures released on Friday show the U.S. economy is growing and healing, President Barack Obama said, calling on Congress to pass a payroll tax extension and avoid sabotaging the recovery.
• Obama: Economic recovery speeding up
(AP)
AP - President Barack Obama says the U.S. economy is growing stronger and the economic recovery is speeding up.
• US service industry growth surges in January
(AP)
AP - U.S. service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising demand.</p>
• January service sector growth highest in nearly a year: ISM
(Reuters)
Reuters - The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday.
• White House's Krueger pushes extending payroll tax cut
(Reuters)
Reuters - President Barack Obama's top economist called on Congress to extend a payroll tax cut and unemployment benefits which he said would help maintain economic momentum.
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