2011, May | featured news

There was little turnover in the U.S. labor market in May, and the number of available jobs at the end of the month was virtually unchanged from April, government data showed on Tuesday.

Worry about lack of substantive progress towards a blueprint for tackling the euro zone debt crisis kept investors on edge, traders said. In the United States, consumer inflation rose more than expected in May.

Americans are finally getting some relief from high gas and food prices. Wholesale food prices fell last month by the most in nearly a year, and gas prices keep dropping after peaking in May. A separate survey suggests CEOs are feeling more optimistic and will hire more in the second half of this year.

The number of suicides in Japan hit a two-year high in the month of May, according to data released Wednesday by the nation's authorities.

The nation's job market took a turn for the worse last month as employers sharply pulled back their hiring and the unemployment rate edged up to 9.1%, the Labor Department said Friday.

Dillard's misses estimates, but Saks cruises past expectations.

Private-sector payroll growth slowed sharply in May, coming in far below expectations and falling to the lowest level in eight months, a report showed Wednesday.