Washington (CNN) – President Barack Obama will announce Tuesday two new private-public partnerships meant to spur high-quality manufacturing jobs in Chicago and Detroit.
A White House official told CNN that the announcement will pave the way for two "innovation institutes" led by the Defense Department and supported by $280 million - half from the federal government and half from private partners.
Washington (CNNMoney) – Hiring continued at a slow pace in August, and the unemployment rate fell as more Americans dropped out of the labor force.
The U.S. economy added 169,000 jobs in August, the Department of Labor said Friday.FULL STORY
New York (CNNMoney) - The job market hit a speed bump in July, as hiring slowed and both hours worked and wages fell slightly.
The U.S. economy added 162,000 jobs in July, falling below forecasts. Economists surveyed by CNNMoney had predicted employers would add 180,000 jobs.FULL STORY
Updated at 2:58 p.m. ET on 7/30
(CNN) – A new plan from President Barack Obama that would alter the corporate tax code while investing in job creation is a deal that any "serious" lawmaker could sign onto, the president argued in Tennessee Tuesday.
What Obama called a "grand bargain" is being proposed in a bid to break partisan gridlock currently plaguing attempts to pass major legislation in Washington, though congressional Republicans signaled on Tuesday they were unlikely to back the plan, which the president announced at an Amazon.com distribution center in Chattanooga.
(CNN) – As President Barack Obama flew to Tennessee Tuesday to announce a new proposal to spur job growth, Republicans in Washington were already characterizing the plan as a one-sided dud.
On Twitter, a spokesman for House Speaker John Boehner said his office first learned of the so-called "grand bargain" proposal through media reports.
In case you were curious, we heard about this "grand bargain" offer from the AP wire.—
Brendan Buck (@Brendan_Buck) July 30, 2013
(CNN) – President Barack Obama will hit the road again to talk about jobs and the economy, resetting the message amid a busy summer that's so far been dominated by immigration reform efforts, the IRS scandal, national security leaks and the president's trips to Europe and Africa.
Obama will return to Knox College in Galesburg, Illinois on Wednesday to kick off a series of speeches about his economic plan, White House senior adviser Dan Pfeiffer wrote in an e-mail to supporters Sunday evening.
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
(CNN) - While Friday's new employment numbers show the U.S. economy added 175,000 jobs in May, Americans are "still waiting for the recovery President Obama promised years ago," according to the Republican National Committee's chairman.
"President Obama has given plenty of speeches about jobs, but he's done very little to support the kind of commonsense pro-growth policies Republicans have offered year after year," Reince Priebus said in a statement. "Instead, his government has been wasting precious time and money."
(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.”