Finally we get some good news on the job front: The U.S. economy added 103,000 jobs in the final month of 2010 while the nation’s unemployment rate fell to 9.4%, the lowest level since May 2009, the Labor Department reported Friday. Payrolls for November and October were also revised higher by 70,000 jobs, the government […]
It’s about time: Federal prosecutors said Friday they are investigating whether there was “willful criminal activity” by the company that operates the West Virginia coal mine where 29 workers died in an accident last month. The U.S. attorney’s office for the Southern District of West Virginia said in a letter that investigators are looking into […]
There is some mixed news on the jobs front. In April there were 290,000 new jobs created, but unemployment also jumped to 9.9%: More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market […]
We are finally starting to see some job growth, though unemployment still remains at 9.7%: The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month. The increase is the latest sign that the economic recovery is sustainable and healing […]
That’s the fewest since December of 2007: The unemployment rate fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The Labor Department says the economy shed 11,000 jobs last month, an improvement from October’s revised total of 111,000. That’s also much better than the 130,000 Wall […]
More bad economic news for the real people of America – the workers: The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain low until the labor market recovers. Payrolls fell […]
Some good news on the jobs front: New applications for U.S. jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked. Still, the number of unemployed Americans getting benefits climbed to a new record. The Labor Department reported Thursday that the number newly laid […]
The last week of the Bush legacy gave us a new record: The number of people remaining on the benefits roll after drawing an initial week of aid, or continued claims, rose 159,000 to a higher-than-forecast 4.776 million in the week ended Jan 17, the most recent week for which data is available. The Labor […]
The economy sheds 533,000 jobs in November, the worse in 34 years: The report from the Labor Department is sure to raise fresh concerns about the depth and length of an ongoing recession, and could figure into hearings on Capitol Hill today about a proposed bailout of the Big Three Detroit automakers. The unemployment rate […]
Wow: Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one-month decline on records that go back to February 1947. The drop was twice as […]