Economy steady but job growth moderate
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Job creation improved in August, but employment is below 50-year average, giving fodder to Kerry and Bush. By Ron Scherer | Staff writer of The Christian Science Monitor.
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Most areas of the United States  reported moderate economic growth through the first weeks of  November and labor markets were tight in many regions, the  Federal Reserve said on Wednesday.
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Economic growth picked up slightly in the second quarter of 2007, official data showed Friday, but analysts forecast slower expansion later this year owing to recent interest rate hikes.
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The economy probably added 150,000 jobs in September and the unemployment rate held steady at 5.4%, a three-year low, according to a survey of economists.
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WASHINGTON -- The economy has slowed even more than previously thought, but the sluggish spell is not expected to turn into recession as Election Day nears.
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The economy added 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was revised higher and the unemployment rate dropped, the government said on Friday in a report that eased fears over a sharp economic slowdown.
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Treasury secretary says the U.S. economy is transitioning to a period of moderate, stable growth.
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NEW YORK - Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry.
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The nation's labor market softened slightly last month, with the unemployment rate edging up to 4.6 percent as job growth slowed, the Labor Department said yesterday.
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US firms added a modest 128,000 jobs in August, the latest sign that economic growth has slowed.
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Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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The economy grew at a 3.7 percent annual rate in the third quarter &#151; a pace slightly better than in the spring but not as strong as many analysts expected. Friday's government report was the last broad snapshot of economic activity before Election Day and provided political ammunition for both sides.
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Employers added 132,000 jobs last month, a moderate pace slightly above what forecasters were expecting.
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The U.S. economy added a modest 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was stronger than first thought and the unemployment rate dropped, the government said on Friday, easing fears over economic weakness.
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Americans mark Monday's Labor Day holiday with an economy growing, albeit more slowly than in the recent past. Yet some say the tepid pace of expansion means average workers are getting few of the benefits of economic growth.
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The pace of job creation picked up modestly in August and the unemployment rate edged down, the Labor Dept. said.