(CNNMoney) - The long-term unemployed can kiss goodbye almost 10% of their weekly jobless benefits if federal budget cuts go into effect on March 1.
Many safety net programs, such as food stamps and Medicaid, are protected from the $85 billion in forced spending cuts, but extended federal unemployment benefits are vulnerable.FULL STORY
Washington (CNNMoney) - Washington, D.C., is ground zero for federal jobs. Which means, residents better prepare for layoffs and furloughs.
Come March 1, if Congress fails to act, the so-called "sequestration" would slash $85 billion from federal budgets through Sept. 30, part of some $1.2 trillion dollars in cuts expected over the next decade.FULL STORY
Washington (CNN) - Republicans are using the January unemployment report to criticize President Barack Obama's performance on creating jobs.
"Today's unemployment report shows America still desperately needs jobs. Unfortunately, President Obama has made it clear that job creation is not a top priority for his second term. Just yesterday, he officially dismissed his Jobs Council, and in his Inaugural Address last week he all but completely ignored job creation," said Republican National Committee Chairman Reince Priebus.
Washington (CNN) – The council of economists, executives and labor leaders created to advise President Barack Obama on spurring job creation will officially cease to exist this week, the White House announced Thursday.
The Council on Jobs and Competitiveness was created in January 2011 by executive order, and its charter mandated that it would expire after two years. A White House official said Thursday that the council's charter would not be renewed.
New York (CNNMoney) - The job market ended 2012 with more growth, as moderate hiring continued at the end of the year.
The economy added 155,000 jobs in December, bringing the total number of jobs added in 2012 to 1.84 million, the Labor Department said Friday. The unemployment rate was unchanged at 7.8%.FULL STORY
New York (CNNMoney) – Employers may be hiring, but there's another big problem with the job market that isn't being tracked as closely: the hopelessly unemployed.
An often overlooked number calculated by the Labor Department shows millions of Americans want a job but haven't searched for one in at least a year. They've simply given up hope.FULL STORY
New York (CNNMoney) - The number of newly unemployed seeking jobless benefits fell more sharply than expected last week, according to the government's latest reading on the state of the labor market.
There were 350,000 filing for initial jobless claims in the week, down from the 362,000 who sought assistance a week earlier. Economists surveyed by Briefing.com had forecast 375,000 would be seeking help last week.FULL STORY
New York (CNNMoney) - First-time claims for unemployment benefits fell last week, and are now back to pre-hurricane levels.
About 343,000 people filed initial jobless claims last week, 29,000 fewer than those who sought help in the previous week, the Labor Department reported Thursday.FULL STORY
(CNN) - CNN's John King and Candy Crowley look at the political implications of Friday's jobs report, including whether it will incentivize lawmakers to make progress on a deal to avert the fiscal cliff.