December jobs report: Hiring and unemployment steady
January 4th, 2013
08:32 AM ET
1 year ago

December jobs report: Hiring and unemployment steady

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%.

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Filed under: Jobs • unemployment
Forget discouraged, 3 million workers hopelessly unemployed
January 4th, 2013
07:26 AM ET
1 year ago

Forget discouraged, 3 million workers hopelessly unemployed

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.

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Filed under: Jobs • unemployment
Last checks go out for 2 million jobless
December 31st, 2012
12:12 PM ET
1 year ago

Last checks go out for 2 million jobless

New York (CNNMoney) - Some 2.1 million jobless Americans are receiving their last federal unemployment checks this week if Congress doesn't extend the deadline to file for extended benefits.

And another 1 million who exhaust their state benefits in the first quarter of 2013 will never see a federal unemployment payment, according to the National Employment Law Project, an advocacy group.

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Filed under: unemployment
Jobless claims decline as Sandy impact wanes
November 29th, 2012
09:33 AM ET
1 year ago

Jobless claims decline as Sandy impact wanes

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.

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Filed under: Jobs • unemployment
Unemployment falls in seven swing states
October 19th, 2012
11:55 AM ET
1 year ago

Unemployment falls in seven swing states

New York (CNNMoney) - Unemployment declined in 41 states in September, seven of which are key battlegrounds in the election. But falling unemployment rates don't necessarily point to improvement.

Ohio, which has 18 electoral votes up for grabs, saw its unemployment rate decline to 7% in September, down from 7.2% just a month earlier. While hiring has picked up slightly in the state, unemployment is mostly falling for the wrong reasons.

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Filed under: 2012 • unemployment
White House defends the drop in unemployment
October 16th, 2012
04:18 PM ET
1 year ago

White House defends the drop in unemployment

(CNNMoney) - The Romney-Ryan camp is trying to discredit the falling unemployment rate, claiming it's due mainly to workers dropping out of the labor force. But Obama administration official Gene Sperling shot back Tuesday: "That just ain't so."

Sperling, who heads the White House's National Economic Council, pointed to data from the Bureau of Labor Statistics, which shows the unemployment rate fell to 7.8% last month, down from 9.0% a year earlier. Most of that decline is due to workers getting jobs - not people dropping out of the labor force, Sperling said at the National Association for Business Economics Annual Meeting in New York Tuesday.

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Filed under: Gene Sperling • unemployment • White House
Jack Welch: I was right about jobs report
October 9th, 2012
11:36 PM ET
2 years ago

Jack Welch: I was right about jobs report

Hong Kong (CNNMoney) - Jack Welch elaborated Wednesday on his widely-debunked criticism of the latest government jobs report, claiming in an op-ed that the reported 7.8% unemployment rate is "downright implausible."

Writing in the Wall Street Journal, Welch said that it is an overstatement to suggest that data collected by the Bureau of Labor Statistics is "precise" or "bias-free." And he raised questions over three key statistics - the labor-force participation rate, the growth in government workers and overall job growth - saying big one-month gains "have to raise some eyebrows."

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Filed under: unemployment
October 7th, 2012
04:03 PM ET
2 years ago

CNN panel: What does the jobs report mean for the campaign?

(CNN) – In a week that looked like it would end with widespread criticism of President Barack Obama's debate performance, it instead closed with a slight boost to his campaign with Friday's surprising jobs report, according to a CNN roundtable.

The report, released by the Labor Department, showed that 114,000 jobs were added during the month of September, and that the unemployment rate had fallen to 7.8%, down from 8.1% in August. The jobs report was less of a happy occasion for the president and more of a relief the week did not end with politically harmful jobs statistics, CNN Chief White House Correspondent Jessica Yellin said Sunday on "State of the Union."
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Filed under: 2012 • Economy • TV-State of the Union • unemployment
October 5th, 2012
11:17 AM ET
2 years ago

Jack Welch: Unemployment rate cooked

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.

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Filed under: 2012 • Jobs • unemployment
Outlook gloomy for August jobs report
September 5th, 2012
11:41 AM ET
2 years ago

Outlook gloomy for August jobs report

New York (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department.

A month ago, that report showed businesses added 163,000 jobs in July. Job gains at that level were the strongest in five months, but still were not robust enough to keep up with population growth. The unemployment rate ticked up to 8.3%.

Unfortunately, August doesn't look like it fared much better.

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Filed under: 2012 • Jobs • unemployment
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