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But Michigan is still far from its recorded high of 16.9% unemployment in November 1982. Vitner said the number of people dropping out of Michigan's labor force has rescued it from plunging further. Rhode Island had the next highest rate at 12.7%, followed by California, Nevada and South...

Gold prices plunged Thursday as the dollar surged against the euro amid concerns about the economic health of certain European nations. February gold fell $28, or 2.5%, to settle at $1,107.40 an ounce after falling to a low of $1,098 an ounce earlier in the session. The retreat came two weeks...

For the fiscal hawks, agreeing to vote for a short-term increase to the ceiling buys them time to negotiate further with the leadership to address their demands, which differ somewhat in the House and the Senate. Fiscal conservatives in the House, known as Blue Dogs, have said they would vote...

The euro fell to $1.4527 according to Reuters data, its weakest since early October, extending losses after the German ZEW think tank said economic sentiment fell in December, suggesting any recovery in the country may be sluggish.

The dollar rallied to its highest versus a currency basket since the start of October, as questions surrounding the fiscal positions of euro zone states also curbed risk demand and prompted short covering in the U.S. currency.

The euro hit a 2-1/2-month low against the dollar on Tuesday, stung by concerns about the health of euro zone banks, while a slip in German economic sentiment also prompted traders to dump the single currency.

Euro/dollar gains helped to push the dollar index down 0.1% to 76.492, pulling it away from a near six-week high of 76.726 hit late last week. The euro initially rose against the yen, rallying close to the day's high around ¥130.60, before reversing those gains. It was last at ¥129.29, down...

The euro had rose 0.2% to $1.4650, having climbed to around $1.4685 after Dubai said it had received funding from Abu Dhabi to help it repay $4.1 billion in an Islamic bond maturing on Monday. The euro barely moved after euro zone employment and production figures. Late last week, it hit a...

Jobless claims slide to near 15-month low Number of initial filers for unemployment insurance falls to 457,000, lowest level since September 2008. NEW YORK (CNNMoney.com) -- The number of first-time filers for unemployment insurance fell last week to a nearly 15-month low, according to a...

Oil edges higher Crude prices recover from previous day's selloff, but gains are contained on growing stockpiles. LONDON (Reuters) -- Oil prices rose on Thursday as fund activity helped the market to recover from a sell-off the previous session, but oversupply curbed gains. U.S. crude for...

Bernanke under fire at confirmation hearing Central bank chairman gets support from some key senators, but even praise is qualified, while others offer harsh attacks. NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke got a rough going over from both his supporters and detractors...

Dollar slips after European bank meeting Euro rises after central bank hints it will begin winding down liquidity-boosting operations. NEW YORK (Reuters) -- The euro rose against the dollar Thursday after the European Central Bank hinted it would slowly start withdrawing emergency liquidity...

Dollar steady ahead of jobs data November employment report from ADP is expected to show 155,000 jobs lost in November. LONDON (Reuters) -- The yen weakened broadly on Wednesday as traders took Japan's new monetary policy measures unveiled the previous day as a cue to sell, while mixed signals...

House committee passes new bank rules Financial Services panel passes regulatory reform plan in a 31-27 vote. The Senate? Not so fast. WASHINGTON (CNNMoney.com) -- A key House committee, culminating months of debate over how to reform bank rules, voted Wednesday in favor of legislation that aims...

Credit card rates: Nowhere to go but up New law will rein in many practices long decried by consumer activists. What it won't do is keep interest rates, now at a low point, from rising. WASHINGTON (CNNMoney.com) -- For millions of credit card customers, here's the good news: As of Feb. 22, a new...