Don Lee

by Don Lee The nation's unemployment rate edged up to a 26-year high of 9.5 percent in June as employers slashed nearly a half-million jobs over the month across a wide spectrum of industries, the Labor Department reported today. The......

by Don Lee The Federal Reserve, offering a modestly more optimistic assessment of the economy today, reaffirmed its policy of keeping interest rates at near zero and suggested it could continue to spur economic activity without triggering inflation. The...

by Don Lee The American economy performed better in the second quarter than most economists expected, shrinking at a much slower pace than the prior six months and setting the stage for a recovery later this year from the worst......

by Don Lee American manufacturing activity turned up in July, the government said today, as the "cash for clunkers" car-rebate program helped spark a rebound in the hard-hit industrial sector. The Federal Reserve reported that industrial production rose...

by Don Lee The Federal Reserve today left interest rates near zero and said that the economy, while on more stable footing, was likely to remain weak for some time. The Fed gave no indication that, despite improving signs in......

by Don Lee The nation's jobless rate unexpectedly jumped last month to a 26-year high of 9.7 percent, up from 9.4 percent in July, the government reported today, as employers shed 216,000 jobs over the month. The August job cuts......

by Don Lee The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor......

by Don Lee and updated The U.S. economy expanded at an annual rate of 3.5 percent in the third quarter, unofficially marking the end of the worst recession since World War II. The growth reported today by the Commerce Department......

by Don Lee The nation's unemployment rate surged to 10.2 percent in October, reaching double digits for the first time in 26 years, the Labor Department reported today. The unexpected sharp increase, from 9.8 percent in September, came as employers......

by Don Lee In a positive jobs report before the holidays, the nation's unemployment rate eased to 10 percent in November, from 10.2 percent in October, and the number of workers on payrolls was essentially unchanged last month, the Labor......

by Don Lee The U.S. economy shed a larger-than-expected 85,000 jobs in December, a disappointing finish to a year that saw more than 4 million jobs disappear, according to a government report today. The unemployment rate last month held steady......

by Don Lee and Jim Tankersley The Obama administration, offering evidence that its much-maligned efforts to spur economic recovery have begun to take hold, said Tuesday night that the $787-billion stimulus program saved or created 1.5 million to 2...