Labor

Manufacturing booms, but its importance to the overall economy has diminished. Improbable as it seems, the brightest spot so far in the nation's spotty economic recovery is a sector long considered all but dead -- good-old-fashioned manufacturing.

Pennsylvania employers continued to reduce payrolls last month as the state's unemployment rate rose slightly to its highest point in a quarter century. The state Labor and Industry Department said Thursday that employers shed another 16,000 jobs in Febr

A new Labor Department report said more than 11 million Americans are now getting unemployment benefits. At the same time, a British company is introducing a $200,000 sports car built with Formula One race technology to North America.

The economy is strengthening and the job market is stabilizing, the Federal Reserve said Tuesday, but not enough for the central bank to consider raising interest rates soon. Policymakers voted 9-1 to keep the benchmark fed funds rate at a record-low 0%-0

Business analysts predict an economic rise for Asian corporations. The current conditions work towards the success of Asian giants. Their success is presumably based on the low cost of products which it its turn is based on the use of cheap labor force.