(CNN) - Mitt Romney was the first Republican presidential candidate to react to November's promising jobs report, criticizing President Barack Obama's performance and saying that "the fact that so many millions of Americans are unemployed only highlights the urgent need for a fundamental change in the direction of our country."
The Labor Department on Friday announced the nation's unemployment rate fell to 8.6% last month, the lowest level since March of 2009, with employers adding 120,000 jobs, marking a pick up in hiring from October. Economists surveyed by CNNMoney had expected an additional 110,000 jobs in the month and the unemployment rate to remain unchanged.
Washington (CNNMoney) - The House passed a bill on Wednesday to help unemployed veterans seeking jobs as well as federal contractors facing a new tax burden in 2013.
The House voted 422 to 0 on Wednesday to pass the first and, so far, only piece of President Obama's jobs package to get out of Congress. The Senate passed the bill with 95 senators voting unanimously last week.FULL STORY
NEW YORK (CNNMoney) - Fewer Americans filed for initial unemployment benefits last week, marking continued - but still slow - improvement in the job market.
About 390,000 people filed for their first week of unemployment claims in the week ended Nov. 5, the Labor Department said Thursday. The number of claims fell 10,000 from the revised 400,000 in the prior week.FULL STORY
(CNN) – Minnesota Rep. Michele Bachmann is confident that when it comes to jobs, she would be a rainmaker as president.
“I have no doubt that we would create millions of jobs,” she said Friday of her prospective presidency, shortly before the October jobs report reflected a dip in unemployment.
Washington (CNNMoney) - The American economy added 80,000 jobs in October, and the unemployment rate eased to 9%, the Labor Department reported Friday.
The number of jobs created eased from September, when employers added 158,000 jobs. The jobless rate was 9.1% in September.FULL STORY
(CNN) – A week after proposing his economic recovery plan, Republican presidential hopeful Ron Paul said Sunday that the true unemployment rate in the United States is higher than the 9.1% estimated by the Bureau of Labor Statistics.
"I think the downturn in the economy occurred in the year 2000," Paul told CNN, adding that there have been no new jobs since then "and yet we've had a 30 million increase in population."
New York (CNNMoney) - Hiring was stronger than expected in September, a rare piece of good news amid growing worries of a weakening U.S. economy. Employers added 103,000 jobs in the month, the Labor Department reported Friday. And July and August were both revised higher, showing an additional gain of 99,000 jobs over the summer. For the last several months, there have been widespread concerns about the economy falling back into recession. And Friday's report was welcome news amid fear of a double-dip recession. Economists surveyed by CNNMoney had predicted a gain of just 65,000 jobs in the month.
Businesses added 137,000 jobs, including 45,000 Verizon strikers who returned to work last month. But that hiring was slightly offset by a loss of 34,000 public jobs, mostly at the local government level. Economists had predicted the private sector would add 90,000 workers in the month. Meanwhile, the unemployment rate remained at 9.1% in August, in line with economists' forecasts.FULL STORY
Washington (CNN) - House Majority Leader Eric Cantor flatly rejected President Obama's call for the House and Senate to hold a vote on his jobs bill by the end of the month, saying Monday the full bill, called the "American Jobs Act," won't get a vote in the House of Representatives.
Cantor criticized the President for continuing to press for a vote on the entire package, saying at his weekly session with reporters on Capitol Hill, "This all or nothing approach is unreasonable."
NEW YORK (CNNMoney) - Now that the debt ceiling crisis is behind him, President Obama is ready to focus on the top problem plaguing the American economy: weak job creation.
Part of his prescription for 2012 revolves around cutting payroll taxes by 2 percentage points and extending unemployment benefits. The idea is give people more money to spend, which will entice businesses to hire additional workers to meet the demand.
Wait...aren't those programs already in place?FULL STORY
Washington (CNN) - After weeks of wrangling over increasing the federal debt ceiling, President Barack Obama and Republican lawmakers returned their focus to the U.S. job crisis in their weekly addresses Saturday, each calling on the other to take specific steps to get more Americans back to work.
"Our urgent mission has to be getting this economy growing faster and creating jobs," Obama said in his address. "That’s what’s on people’s minds; that’s what matters to families in this country."