The US unemployment rate rose to 6.7% in February, even as the economy added more jobs than economists had expected.
As parts of America are experiencing their worst winter in 30 years, the severe weather has taken its toll on the US’s economic recovery, the Federal Reserve said Wednesday.
The US economy grew at a slower rate than initially estimated in late 2013, the Commerce Department said on Friday.
The US economy added just 113,00 new jobs in January, according to figures released on Friday, fuelling fears that the recovery in the jobs market appeared to have stalled.
An emerging crisis
When Ben Bernanke steps down as chairman of the Federal Reserve this week, having presided over his final committee meeting, the sniping might stop.
The International Monetary Fund is closely monitoring recent events in the world's emerging markets amid concerns that the withdrawal of monetary stimulus by the US will add to the turmoil caused by the sudden slump in Argentina.
Controversy over City pay is likely to be reignited this week when the major US banks – including JP Morgan and Goldman Sachs – release their results for 2013.
Federal prosecutors in New York have accused a Costa Rica-based company and its founder of running a $6bn money-laundering scheme that became a "bank of choice for the criminal underworld".
JP Morgan faced a barrage of criticism on Friday for it disastrous "London whale" trading loss as senators and the bank's regulator accused its executives of believing they were too big to fail, ignoring warnings about the escalating losses and deliberately withholding information.
Barack Obama warned on Saturday of a "ripple effect" through the US economy that would cost hundreds of thousands of jobs after he reluctantly signed an order to begin a huge $85bn (£56bn) programme of government cuts.