Economy
The latest financial news, stock market updates and employment information.
News Summary: UK unemployment rate nears 7 percent
LOWER UNEMPLOYMENT: Britain’s unemployment rate dropped 0.5 percent to 7.1 percent in the three months ended Nov. 30, a shade above the 7 percent level at which the Bank of England may reassess its monetary policy.
What happens when jobless benefits get cut? Let’s ask North Carolina.
North Carolina cut its unemployment insurance program back in June 2013. And there’s a lot of debate about what happened next.
Bank of England’s Carney signals shift in policy
(Michel Euler / Associated Press)
Bank of England Governor Mark Carney said Friday that super-low U.K interest rates would remain in place for a while yet as he effectively scrapped the monetary policy framework he introduced just months ago following a bigger than expected drop in unemployment.
UK jobless drop puts spotlight on central bank
Britain’s unemployment rate has dropped more than expected, edging closer to the point at which the Bank of England will consider raising interest rates.
69 percent support extending unemployment insurance
(Jim Weber / AP)
More than two-thirds of Americans want the benefits to last at least one year -- longer than the current 26 weeks.
World Markets from
Other Market Data from
Key Rates from