Payrolls data offer ray of hope for recovery
U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
U.S. needs to do more to aid recovery, Romer says
WASHINGTON (MarketWatch) -- Friday's jobs data was a sign of "continued recovery," a top aide to President Barack Obama said. Christina Romer, who chairs the Council of Economic Advisers, said in a CNBC interview that the U.S. needs to do "anything we can" to spur job creation. Romer spoke after a report showed that the U.S. economy sheds 54,000 jobs in August -- far fewer than economists had ...
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