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On 9 February, the Hellenic statistical authority, which is Greece's central statistical office, published data on the labor market and industrial production (pdf), which suggests the Greek economy is headed over the cliff.
On Thursday, the Commerce Department reported that factory orders unexpectedly fell 0.5 percent in June from the previous month, while data on the labor market released Friday showed job creation still falling short of the level needed to bring down the unemployment rate.
The stock market rose for a fourth straight day on Thursday, sending the Dow Jones industrial average and the Standard & Poor's 500-stock index to new milestones as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.
It also shined a light on the imperfect and often outdated systems that states and the federal government use to provide benefits to workers and cull data on the labor market and the broader economy — a situation that some experts warn might become even worse because of the $1 trillion in budget cuts spread over 10 years known as sequestration.
Wall Street started the third quarter on the right foot Wednesday, after mildly encouraging data on the labor market pushed U.S. stocks higher.
U.S stocks were mixed halfway through the trading session, with stock investors uninspired to buy given the release of some disappointing economic data on the labor market and manufacturing sector.
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The good news on jobs kept on coming with the publication Friday by the Bureau of Labor Statistics of the latest data on the US labor market.
Data on the United States labor market for December, released Friday, showed that the country lost 85,000 jobs while the unemployment rate held steady at 10 percent.
We complement these data with data on the employment, labor force participation, and unemployment level of 5-year age interval categories all derived from the official OECD database.
European investors saw some light at the end of the recessionary tunnel on Wednesday, as the region's leading shares ticked higher on positive manufacturing data for the euro zone and encouraging data on the U.S. labor market.
European traders who were tired of all the recovery talk were becoming a little more open to the prospects of green shoots on Wednesday, as the region's leading shares ticked higher on positive manufacturing data for the euro zone and encouraging data on the U.S. labor market.
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