Washington (CNN) – Both the White House and Republicans are weighing in on the new unemployment report. And as expected, their reactions were completely different.
The U.S. Bureau of Labor Statistics released a better than expected jobs report Friday, with 195,000 jobs added to the economy while the unemployment rate remained unchanged at 7.6%.
New York (CNNMoney) - The job market made some headway last month, as hiring continued at a pace that beat expectations.
The economy added 195,000 new jobs in June, the Labor Department reported Friday, the same as the hiring pace in May, which was revised higher. Meanwhile, the unemployment rate remained unchanged at 7.6%.FULL STORY
Washington (CNN) - Call it a mixed bag.
They're still a minority, but an increasing number of Americans say economic conditions right now are good, according to a new national poll.
(CNNMoney) - President Obama is set to name Jason Furman as the chairman of the Council of Economic Advisers, the fourth person to hold the top economics post since Obama took office.
Furman has served as assistant to the president for economic policy and as principal deputy director of the National Economic Council, a post he has held since the beginning of the administration. During his time in the White House, he has helped craft the stimulus bill passed in the administration's early days and was a major contributor to the shaping of health care reform legislation.FULL STORY
(CNN) – As Congress returns from recess next week, President Barack Obama is urging his colleagues on the other side of Pennsylvania Avenue to get to work on a number of fronts, including housing and immigration.
“There are a lot of reasons to feel optimistic about where we’re headed as a country – especially after all we’ve fought through together,” he said in his weekly address. “We’ve just got to keep going.”
New York (CNNMoney) - Should federal employees on furlough be allowed to collect unemployment benefits? Engineers at a Navy shipyard in Philadelphia think so.
The local union affiliate of International Federation of Professional & Technical Engineers has signed an agreement with the Navy which would allow their civilian federal workers to group furlough days in one-week blocks. It's a strategy with one key goal: enable those employees to recoup some of their lost wages through unemployment checks.FULL STORY
Washington (CNN) - Two-thirds of Americans say that the nation's economy is in poor shape, but a new national poll indicates there are a few glimmers of optimism.
According to a CNN/ORC International survey released Friday morning, a third of the public says economic conditions are good right now. That's up seven percentage points from the 26% who felt that way in a CNN poll from December. And the 67% who rate the nation's economic conditions as poor is down from 74% at the end of last year.
(CNN) - President Barack Obama highlighted his recent jobs tour Saturday, emphasizing a need to focus on improving the economy rather than getting distracted by other issues in the nation’s capital.
“That’s why I like getting out of the Washington echo chamber whenever I can – because too often, our politics aren’t focused on the same things you are,” Obama said in his weekly address. “Working hard. Supporting your family and your community. Making sure your kids have every chance in life.”
(CNN) – As the stock market continues to show record highs, the number of Americans who say things are going well in the country has reached 50% for the first time in more than six years, according to a new national survey.
Washington (CNN) – Congress returned to work Monday on the first weekday of forced spending cuts, with President Barack Obama and Republicans sticking to deeply entrenched positions that have caused a series of showdowns manufactured by Washington politics.
Most predicted impacts of the $85 billion in cuts that took effect on Friday - such as unpaid furloughs for government workers - won't be evident until April at the earliest, officials say.FULL STORY