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
(CNN) – No issue has been hotter throughout the run-up to the election than jobs - and both candidates took pains to tackle the issue during their first debate Wednesday at the University of Denver.
"Over the last 30 months, we've seen 5 million jobs in the private sector created," Democratic incumbent Barack Obama said.FULL STORY
NEW YORK (CNNMoney) - Republicans may soon lose a key talking point. According to data released Thursday, President Obama may now be a net job creator.
In the year following Obama's inauguration, the U.S. economy lost about 4.3 million jobs. But new figures released Thursday show 4.4 million jobs have been added back since then.FULL STORY
New York (CNNMoney) - The number of first-time claims for unemployment benefits fell last week, hitting its lowest level since July.
About 359,000 people filed jobless claims in the week ended Sept. 22, down 26,000 from the previous week, the Labor Department said Thursday. The number of people filing for first-time claims were unchanged in the prior week.FULL STORY
(CNN) – Mitt Romney capitalized on a sobering conclusion to Democrats’ convention high Saturday, painting the party as “completely out of ideas” with an inadequate leader in light of Friday's disappointing job report.
In his weekly podcast, Romney used August’s lackluster job numbers as evidence the weak economy has not improved under President Barack Obama, leaving the incumbent undeserving of a second term in the White House.