Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nations unemployment rate rose for the first time in four months.
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More than a quarter of employed U.S. workers suffered a bout of unemployment during the Great Recession that took many of them on an emotional roller coaster ride.
To most Americans, at least to those who are aware of the brand, Kia is still associated with the cheap-and-cheerful products. That's an image the automaker is out to transform.
[at Reuters] - Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday the path of the economy will determine whether the central bank needs to ease monetary policy further or not.
[at MarketWatch] - Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.
[at MarketWatch] - There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.
[at Reuters] - Overhauling the U.S. financial system after the worst crisis since the 1930s will not be easy, but it is critical, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
