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.
New York (CNNMoney) – Of all the fiscal cliff issues, there's one that scares small businesses most of all: The end of the payroll tax holiday.
The tax comes from worker paychecks and funds Social Security. For the past two years, workers have been paying a rate of 4.2%. In 2013, the rate is set to rise back to 6.2% on the first $113,700 in wages.FULL STORY
(CNN) – Friday's jobs report, which showed unemployment falling to its lowest point since 2008, was still indication that President Barack Obama's economic policies were failing, according to Republican National Committee chairman Reince Priebus.
"While a downtick in the unemployment rate is welcome news, too many families are still falling behind and unemployment remains painfully high," Priebus said in a statement sent an hour after the jobs report was released. During the presidential race, Republican reaction to negative jobs reports was almost instantaneous.
(CNN) - Modest hiring continued in November and the unemployment rate fell to its lowest level in nearly four years, according to a report released Friday.
The U.S. economy added 146,000 jobs in November, and the unemployment rate fell to 7.7% from 7.9% in October, the Labor Department said. That's the lowest unemployment rate since December 2008.FULL STORY
New York (CNNMoney) – The number of people filing for unemployment benefits for the first time declined last week, a sign that the impact of Hurricane Sandy on jobs is starting to wane.
The Labor Department reported that 393,000 filed for initial jobless claims during the week, down from the 416,000 who sought help the previous weeks.FULL STORY
New York (CNNMoney) – The U.S. economy now has more jobs than it did when the president took office in January of 2009.
With the addition of Friday's fairly strong jobs report, plus upward revisions over the last couple of months, there are now 194,000 more jobs than there were in January of 2009, according to data from the Bureau of Labor Statistics.FULL STORY
(CNN) - The final set of monthly jobs data before Tuesday's presidential election provided both campaigns fodder to drive home their closing arguments on jobs and the economy, with President Barack Obama's team arguing the numbers show the economy on the rebound while Mitt Romney's team claiming it shows an economy still struggling.
The GOP nominee spotlighted the unemployment rate rising to 7.9%, up from 7.8% a month ago. While the rate is lower than the benchmark 8%, it's higher than it was when President Barack Obama took office in 2008.