New York (CNNMoney) - The unemployment rate unexpectedly fell in April as workers dropped out of the labor force and hiring slowed.
The economy added 115,000 jobs in the month, the Labor Department reported Friday, down from March when the economy added 154,000 jobs.FULL STORY
New York (CNNMoney) - The job market is getting better, but it's far from healed. Will President Obama be able to turn things around in time to save his own job?
From the labor market's height to its trough, 8.8 million positions were cut during the financial crisis, and the unemployment rate soared as high as 10%.FULL STORY
New York (CNNMoney) - The number of Americans filing for first-time unemployment benefits took an upswing just before Christmas.
About 381,000 people filed initial jobless claims in the week ended Dec. 24, the Labor Department said Thursday. That marked an increase of 15,000 from the prior week. Economists were expecting claims to rise to 368,000.FULL STORY
New York (CNNMoney) - Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that the number of initial claims fell to its lowest level since May 2008.
About 366,000 people filed initial jobless claims in the week ended Dec. 10, the Labor Department said Thursday. That was a decrease of 19,000 from the prior week.FULL STORY
New York (CNNMoney) - Take that Rick Perry! Ben Bernanke headed down to Texas to rally the troops Thursday, and didn't get treated so "ugly" after all.
The Federal Reserve Chairman spoke to soldiers at Fort Bliss, offering up tips to improve their job prospects and personal finances. His speech - along with a question-and-answer session - came about three months after Perry, the Texas governor and a Republican presidential candidate, mildly threatened Bernanke and called him "almost treasonous."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
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
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.FULL STORY
NEW YORK (CNNMoney) - How much clearer can Ben Bernanke be?
Since February, the Federal Reserve Chairman has issued a stern warning to Congress: if it fails to raise the U.S. debt ceiling by Aug. 2, the economic fallout could be "catastrophic," "self defeating" and "dire."
And yet, here we are in mid-July, with the country only three weeks away from a possible default, and Bernanke is repeating his warning yet again - this time in his semi-annual monetary policy report to Congress.FULL STORY