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.
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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.
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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.
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(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."
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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.
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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.
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New York (CNNMoney) – Finally, some better news about the job market: the number of first-time filers for unemployment benefits fell below 400,000 for the first time since early April.
There were 398,000 initial unemployment claims filed in the week ended July 23, the Labor Department said Thursday. That marks the first time since April 2, that the weekly initial claims number has fallen below 400,000, a level typically associated with payroll growth and a lower unemployment rate.
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Capitol Hill (CNN) - Yes, unemployment is again on the rise and the June jobs report had all the strength of an ICU patient. Yes, economic stress is literally making people sick. But are things as grim as they feel?
Maybe not.
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Washington (CNN) - Top congressional Republicans on Friday used the new dismal jobs report to blast Democrats' push for more tax revenue in the ongoing debt ceiling negotiations, arguing that such a move would derail an already shaky economic recovery.
Federal officials reported Friday that the economy added only 18,000 jobs in June - far below the number predicted by most economists. Unemployment inched up another tenth of a point to 9.2 percent.
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(CNN) – President Barack Obama said Friday that "today's job report confirms what most Americans already know: We still have a long way to go and a lot of work to do."
He called on Congress to take a series of steps to help strengthen the economic recovery, including dedicating more money to infrastructure repair, streamlining the patent approval process, passing several free-trade agreements, and extending the current payroll tax break.
He also called for a rapid conclusion to the debt ceiling talks. "The sooner we get this done," the sooner businesses will have the certainty needed "to grow and to hire," he said.
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