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 […]
A new report out by the CBO finds that the stimulus most likely saved this country: President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released […]
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 […]
Yes it is: Unions and liberal groups have dismissed Sen. Harry Reid’s $15 billion jobs bill as “puny” while calling for larger stimulus measures. More than two dozen organizations, including the AFL-CIO, National Association for the Advancement of Colored Peoples (NAACP) and National Council of La Raza, warned Democratic leaders in Congress to avoid tackling […]
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 […]
The new jobless numbers are out, and they are worse than expected: Unemployment rate: 7.6% Jobs Lost In January: 598,000 (the most since 1974) Jobs Lost Last 12 Months: 3.5 Million Unemployed Workers: 11.6 million* A note about unemployed workers – this number does not include the so-called “underemployed” number (nor does the unemployment rate). […]
Bush’s legacy keeps on building: The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers. But those are just the unemployed. Let’s not forget those who are still working, but have […]
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 […]