Washington (CNN) - The number of furloughed federal government workers applying for unemployment assistance is continuing to rise as the partial government shutdown continues into its third week.
States with large numbers of federal employees are seeing a flood of such applications, and may see more if an agreement is not reached soon to reopen the government.
(CNN)–The government shutdown that began on Tuesday has had a far-reaching impact, but few have felt this more pointedly than furloughed federal workers.
It is estimated that up to 800,000 civilian employees could be without work during the shutdown and the first wave have already left their jobs.
New York (CNNMoney) - Employers are hiring at a restrained pace as jitters about the economy linger.
The U.S. economy added 175,000 jobs in May, according to the Department of Labor. Hiring at that rate isn't terrible, but it is unexceptional at this point. It marks a slight improvement from April, when a revised 149,000 jobs were created, but still falls in line with average job growth over the last three years.FULL STORY
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%.FULL STORY
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) - 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.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) - 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.FULL STORY
(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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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."FULL STORY