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CompareCC News Archive Listing for Economy during 2010-03-05.
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US sheds 36,000 jobs, unemployment steady at 9.7 percent
 
AFP - The United States shed 36,000 jobs in February and the unemployment rate held at 9.7 percent, the government said in a better-than-expected report Friday that may be skewed by adverse winter weather.
German industrial orders surge in January
 
AP - Government data shows German industrial orders surged by 4.3 percent on the month in January as demand increased for big-ticket goods.
US unemployment rate steady at 9.7% despite storms
 
AFP - The United States lost fewer jobs than expected in February and the unemployment rate held at 9.7 percent, the government said Friday, cautioning the data may be skewed by winter storms.
Upper-income households report less distress
 
Reuters - Sentiment of U.S. households in the top fifth of the income distribution improved in early 2010 compared with 2009, but worries over personal finances persist, a survey showed on Friday.
US unemployment rate holds at 9.7 percent despite storms
 
AFP - The United States lost fewer jobs than expected in February and the unemployment rate stayed at 9.7 percent despite severe winter storms, the government said Friday.
Oil resumes climb on US jobs report
 
AP - The government jobs report for February that came out Friday raised hopes that the economy may slowly be healing. It also raised oil and wholesale gasoline prices closer to their highs for the year.
RI unemployment rate holds steady at 12.7 percent
 
AP - Rhode Island's unemployment rate held steady at 12.7 percent in January, but joblessness here still outpaced the rest of the nation.
Ohio reports 10.8 pct unemployment rate for Jan.
 
AP - Joblessness is holding steady in Ohio.
Oil settles above $81 on US jobs report
 
AP - The government jobs report for February that came out Friday raised hopes that the economy may slowly be healing. It also raised oil and wholesale gasoline prices closer to their highs for the year.
Metals, oil rise on upbeat view of recovery
 
AP - Industrial metals and oil rose Friday after a better-than-expected monthly jobs report boosted hopes for an economic recovery.
US jobless rate holds at 9.7 percent despite storms
 
AFP - The US economy shed fewer jobs than expected in February and the unemployment rate held at 9.7 percent despite severe winter storms, a government report said Friday, suggesting the labor market is stabilizing.
Bumpy ride for corporate giving amid recession
 
Reuters - Giving by U.S. companies endured the worst recession in decades with mixed results as some pared back philanthropy in the face of tough times, others increased budgets and most predicted a steady 2010.
GE's CEO declines bonus for 2nd year
 
AP - General Electric Co. said Friday that Chief Executive Jeffrey Immelt did not receive 2009 bonus, the second straight year he gave up extra pay as the industrial and financial conglomerate struggled with one of its worst years on record.
Norfolk Southern CEO makes $10.9 million in 2009
 
AP - The CEO of Norfolk Southern Corp. received $10.9 million in compensation for 2009, 9 percent less than the prior year as the railroad operator grappled with the economic downturn, according to an Associated Press analysis of a regulatory filing Friday.
Economy 101: Hiring index nears turning point
 
AP - An index that measures the breadth of hiring among private industries is nearing a turning point that could signal consistent job gains.
Consumer credit posts first rise in a year
 
Reuters - Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.
US consumer credit rises first time in a year
 
AFP - Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track.
Calif. jobless rate rises to 12.5 percent in Jan.
 
AP - California's unemployment rate grew slightly to 12.5 percent in January, the state Employment Development Department reported Friday. But the state also revised its December job numbers to show that about 300,000 additional jobs were lost last month.
White House's Romer says not in line for Fed job
 
Reuters - White House advisor Christina Romer, considered a top candidate for the job of Federal Reserve Vice Chairman, said on Friday she wants to stay in her current role.
Summary Box: Unemployment rate remains at 9.7 pct.
 
AP - WORST OVER?: The jobless rate held at 9.7 percent in February, and the economy lost a net 36,000 jobs, a better-than-expected showing. Some economists had predicted deeper job cuts due to severe snowstorms.
Banks shuttered in Fla., Ill., Md.
 
AP - Regulators on Friday shuttered banks in Florida, Illinois and Maryland, boosting to 25 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
Iowa economist predicts improvement by summer
 
AP - A leading economist who advises Gov. Chet Culver predicted Friday that Iowa's economy will stay flat for much of the spring but should perk up by summer.
Snow job: Estimates of weather's impact miss mark
 
AP - Armed with spreadsheets, mathematical formulas and historical comparisons, legions of economists sought to forecast the impact of last month's snowstorms on the government's employment report.
Pfizer CEO got $13.7 million in 2009 compensation
 
AP - The chief executive of drug giant Pfizer Inc., Jeffrey Kindler, received a 2009 compensation package valued by The Associated Press at $13.7 million, down 7.6 percent from 2008, as the board reduced the stock awards he received, citing economic pressures.
China central bank to keep yuan basically stable
 
Reuters - China's central bank pledged on Saturday to keep the yuan's exchange rate basically stable in 2010 and said it will enhance coordination with its foreign counterparts on major policy issues.

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