It's great news for Main Street. Will it be just as good for Wall Street?
By Mohamed A. El-Erian
FORTUNE -- This morning's U.S. employment report is an unusually good one -- in terms of the headline numbers and virtually all of the key components.
Net monthly job creation came in at 203,000, above consensus expectations of 180,000. Importantly, the job additions were broad-based, with virtually all sectors benefiting.
The widely followed unemployment MOREDec 6, 2013 10:30 AM ET
Anyone who thinks October's better-than-expected jobs report will make the central bank taper sooner is ignoring the mess in Washington.
FORTUNE -- The monthly jobs report released Friday was better than expected, but anyone who thinks this means the Federal Reserve will start slowing down its economic stimulus program is probably overlooking Washington's dysfunction.
Recall in October, Uncle Sam was forced to partially shut down its offices and services after Congress stalled MORENin-Hai Tseng, Writer - Nov 8, 2013 11:22 AM ET
Economists at the Fed have come up with a handful of indicators they say are encouraging signs that the jobless rate will continue to fall for the right reasons.
FORTUNE -- As the U.S. unemployment rate falls, skepticism grows about any real improvements in the job market.
The share of jobless workers may have fallen to its lowest level since November 2008, but this comes as millions of unemployed scratch their heads wondering how MORENin-Hai Tseng, Writer - Nov 4, 2013 1:54 PM ET
With the shutdown and holiday hiring, it will be months before we can trust the jobs report again.
FORTUNE -- Employers added 148,000 to their payrolls in September, about 20% less than economists expected and the third smallest monthly increase in the past year. But the unemployment rate dropped to 7.2%, which is the lowest level in nearly five years. And the number of people actively looking for work was MOREStephen Gandel, senior editor - Oct 22, 2013 11:21 AM ET
The Commerce Secretary is happy the government is back open for business but admits there is a lot of work to do.
By Heather Muse
FORTUNE -- When Commerce Secretary Penny Pritzker first took the job that had been vacant for more than a year, she put a sign in her office that said "Open for business." Over the course of the government shutdown, her workers turned that sign over. Today MOREOct 17, 2013 10:20 AM ET
According to a study done by the St. Louis Federal Reserve, companies are hoarding cash because of policy uncertainty.
By Lauren Silva Laughlin
FORTUNE -- How much is Washington dysfunction harming the U.S. economy? Policymakers' disaccord could be doing major behind-the-scenes economic damage. According to economists Juan Sanchez and Emircan Yurdagül at the St Louis Federal Reserve, U.S. companies are hoarding loads of cash specifically because of policy uncertainty. As a MOREOct 14, 2013 2:06 PM ET
Mike Novogratz, principal of the asset management firm Fortress Investment Group, thinks CEOs need to have a "moral revolution."
By Lauren Silva Laughlin
FORTUNE -- Mike Novogratz and the other principals of hedge fund Fortress Investment Group (FIG) became instant billionaires when the company went public in 2007. Like many other uber-rich on Wall Street, their wealth, some of it created by loose monetary policy, has become the target of criticism from politicians MORESep 27, 2013 9:13 AM ET
A new study shows how much the gap between the rich and the poor has widened since the recession. Raising the minimum wage would help narrow it again.
FORTUNE -- Lately everyone from policymakers to fast-food workers have urged Washington to raise the minimum wage. It's a thorny topic that's spawned countless arguments both for and against an increase, but a new study suggesting that mostly the richest Americans are recovering MORENin-Hai Tseng, Writer - Sep 11, 2013 1:15 PM ET
Cheaper labor may bring about more jobs, but workers have less spending power.
FORTUNE -- There's been some good news lately about U.S. manufacturing -- that sector of American industry once considered vital to the growth of the nation's middle class. It's well known manufacturing has been declining for decades, but experts, and some across corporate America, have been saying that many factors signal that factory jobs that have gone to MORENin-Hai Tseng, Writer - Aug 21, 2013 5:00 AM ET
The July employment report shows that the job market for 16- to 24-year olds is worse than you think, and it could have long-term effects for the economy.
FORTUNE – What it is to be young and unemployed in America has been widely reported, but July's report on the health of the jobs market offers a new snapshot of the scale of the problem.
Some economists have argued youth unemployment isn't as bad MORENin-Hai Tseng, Writer - Aug 6, 2013 12:00 PM ET
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