New York (CNNMoney) – Hiring increased last month, while the unemployment rate ticked higher, according to a report released just four days before the presidential election.
The economy added 171,000 jobs in October, while the unemployment ticked up to 7.9, from 7.8% in September, the Labor Department said Friday.
New York (CNNMoney) - Private sector hiring jumped in October, according to a report released Thursday by payroll processor ADP.
Private employers added 158,000 jobs in the month, ADP said, beating economists' forecasts of 143,000.FULL STORY
New York (CNNMoney) - The October jobs report will come out on Friday morning as scheduled, the Department of Labor announced Wednesday.
With Superstorm Sandy closing federal offices for two days, the department's ability to produce the highly-anticipated report was thrown into doubt. The report will provide a last look at the health of the job market before Tuesday's presidential election.FULL STORY
New York (CNNMoney) – Hurricane Sandy could cause a delay in the release of the highly-anticipated October jobs report set for this Friday.
The report is normally released at 8:30 a.m. ET the first Friday of the month. This month's report is the final reading on the health of the job market before the presidential election.FULL STORY
New York (CNNMoney) – First-time claims for unemployment benefits are on a roller coaster. The number snapped back up last week, after falling to a four-year low the week before.
About 388,000 people filed for first-time unemployment benefits in the week ended October 13, up 46,000 from the previous week, the Labor Department said Thursday.FULL STORY
(CNN) - Despite a jobs report showing unemployment falling to 7.8% in September, the super PAC supporting Mitt Romney continued to use "over 8% unemployment" in a new ad hammering President Barack Obama Tuesday.
Restore Our Future said it was spending $6.3 million to air the spot in Florida, Iowa and Virginia. In the commercial, a narrator asserts high unemployment is a "new normal" of Obama's economy.
Washington (CNN) – Friday's news that the nation's unemployment rate fell to 7.8% provided a much needed boost to President Barack Obama's campaign after a maligned debate performance, and left his rival Mitt Romney without a usual attack line criticizing the president for presiding over an economy with unemployment above 8%.
The report, which is the penultimate set of monthly jobs data before November's general election, also showed 114,000 jobs were created last month. The unemployment rate now stands where it did in 2009, when Obama took office. At a campaign rally Friday in Virginia, the president cast the number as an indication his policies were working.
New York (CNNMoney) - The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric.FULL STORY
NEW YORK (CNNMoney) - The unemployment rate tumbled in September as more people returned to the labor force and steady hiring continued.
Employers added 114,000 jobs during the month, down from a revised 142,000 jobs in August, the Labor Department said Friday. But revisions to July and August mean the economy added 86,000 more jobs than originally reported in those months.FULL STORY