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."
Capitol Hill (CNN) – How does the jobs picture look for the U.S.? Friday's government report shows slight improvement for Americans who have jobs now, but that things have gotten worse for those who are looking for work. And a lot worse for female veterans. Read our one-page American Sauce cheat sheet on where the country stands with jobs.
WASHINGTON (CNN) - President Barack Obama renewed his push Friday for new congressional action on measures to spur job growth, acknowledging that the addition of 117,000 jobs in July will not be enough to lift the sagging economy.
The president called on Congress to extend the payroll tax credit, extend unemployment insurance, and fund new construction jobs when it returns from its summer recess after Labor Day. He insisted there is no contradiction between short-term economic stimulus measures and long-term deficit reduction.FULL STORY
NEW YORK (CNNMoney) - The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent data pointing toward an economic slowdown.
Employers added 117,000 jobs last month, easily topping the 75,000 gain economists surveyed by CNNMoney had predicted. And the unemployment rate improved slightly to 9.1 percent.FULL STORY
(CNN) - Republican presidential candidates were among the first to respond to the July jobs numbers Friday, using the figures to illustrate what they call the failures of the Obama administration.
Former Minnesota Gov. Tim Pawlenty said the jobs report is a "far cry from the hope and change that President Obama promised on the campaign trail."
Washington (CNN) - An oft-repeated statement that the Federal Aviation Administration's partial shutdown has forced the layoff of 70,000 construction workers is, at best, an over-simplification, and at worst, an exaggeration, according to the expert behind the number.
Democratic leaders, and even some Republicans, quoted the 70,000 number frequently this week to emphasize the serious consequences of the shutdown.FULL STORY
NEW YORK (CNNMoney) – The number of first-time filers for unemployment benefits fell last week, but remained at a key level signaling that the job market remain sluggish.
There were 400,000 initial unemployment claims filed in the week ended July 30, the Labor Department said Thursday, down 1,000 from an upwardly revised 401,000 the prior week. Economists surveyed by Briefing.com were expecting jobless claims to rise to 405,000.FULL STORY