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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...
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U.S. nonfarm payrolls fell for the third consecutive month, with the U.S. Labor Department reporting that the U.S. lost 80k jobs in March. The unemployment rate rose to 5.1% in March, higher than the expected 5.0% and above the previous rate of 4.8%. February's jobs figure was revised to a loss of 76k...