The Labor Department released an encouraging jobs report today, showing that employers added 162,000 workers to their payrolls in March. However, the labor force also increased, and the unemployment rate held at 9.7 percent. Some of the employment growth resulted from federal hiring. In March, the government added 48,000 temporary workers to help with the 2010 ...
The unemployment rate stayed at 9.7 percent in February, while payrolls continued to drop, the Labor Department reported today. Employment fell by 36,000 last month, according to the report. The department’s revised figures show that the economy lost 26,000 jobs in January. Bad weather may have affected the February numbers. “Payroll employment declined by 36,000, ...
Payrolls will grow in 2010, but unemployment will remain high for a while, according to a forecast from President Obama’s economic advisers. This year, employers will create about 95,000 jobs each month on average, according to the Economic Report of the President, which was released this week. However, the report forecasts that the jobless rate ...
Unemployment dropped last month, although jobs continued to vanish, the government reported today. The jobless rate was 9.7 percent in January, down from 10 percent the previous month. However, payrolls declined by 20,000, the Labor Department reported. In January, the nation lost 75,000 construction jobs, and employment in the transportation and warehousing sector fell by ...
Following a brief period of job creation, employers have cut their payrolls once again. The economy lost 85,000 jobs in December, the Labor Department reported today. In contrast, employers added 4,000 jobs the previous month, according to revised figures released by the department. The unemployment rate stayed at 10 percent. Payrolls fell in construction, manufacturing ...
In news that brightens the holiday season for the Obama administration, the unemployment rate dropped slightly in November, and the economy lost far fewer jobs than expected. Unemployment fell from 10.2 percent to 10 percent, the Labor Department reported today. Employers cut 11,000 jobs, the smallest loss since December 2007. In a speech today in ...
The unemployment rate has reached 10.2 percent, as the economy reels from job cuts in construction, manufacturing and retail trade. The U.S. economy lost 190,000 jobs in October, pushing unemployment to the highest rate since April 1983. Since the recession began in December 2007, the nation has lost 7.3 million jobs. Last month, employment fell by ...
The government released the September jobs report today, and the news is bleak. The unemployment rate was 9.8 percent, up from 9.7 percent the previous month, according to the U.S. Labor Department. The jobless rate has reached the highest point in 26 years. Job losses also increased. Nonfarm payrolls dropped by 263,000, compared to the ...
The latest employment figures are out, and the mixed news will add fuel to the debate over whether the job market is improving. On the negative side, the jobless rate for August reached a 26-year high. The unemployment rate hit 9.7 percent, up from 9.4 percent the previous month, the Labor Department reported today. The ...
The unemployment rate dropped slightly in July and job losses slowed, providing some welcome news for the U.S. labor market. The jobless rate fell to 9.4 percent from 9.5 percent the previous month, according to the Labor Department. Employers cut 247,000 jobs in July, compared to a revised total of 443,000 in June. Cuts occurred ...