April jobs report: Hiring slows, unemployment falls
May 4th, 2012
09:10 AM ET
2 years ago

April jobs report: Hiring slows, unemployment falls

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.

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Filed under: CNNMoney.com • Jobs • unemployment
Economy in recovery? Not so fast
February 22nd, 2012
07:46 AM ET
2 years ago

Economy in recovery? Not so fast

New York (CNNMoney) – Employers are hiring, manufacturing is revving up and stocks are rallying. It looks like the recovery could finally be taking hold.

Sound familiar?

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Filed under: CNNMoney.com • Economy • Jobs
Will Obama break even on jobs?
January 11th, 2012
06:41 AM ET
2 years ago

Will Obama break even on jobs?

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%.

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Filed under: 2012 • CNNMoney.com • Economy • Jobs • President Obama
Unemployment claims climb in holiday week
December 29th, 2011
08:56 AM ET
2 years ago

Unemployment claims climb in holiday week

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.

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Filed under: Jobs • unemployment
Initial claims fall to lowest level since 2008
December 15th, 2011
09:17 AM ET
2 years ago

Initial claims fall to lowest level since 2008

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.

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Filed under: Jobs • unemployment
Bernanke doesn't get treated 'ugly' in Texas
November 10th, 2011
02:45 PM ET
2 years ago

Bernanke doesn't get treated 'ugly' in Texas

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."

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Filed under: Ben Bernanke • CNNMoney.com • Federal Reserve • Rick Perry • Texas
Unemployment claims drop to 7-month low
November 10th, 2011
08:40 AM ET
2 years ago

Unemployment claims drop to 7-month low

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.

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Filed under: Jobs • unemployment
October jobs report: Unemployment rate dips
November 4th, 2011
08:48 AM ET
2 years ago

October jobs report: Unemployment rate dips

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.

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Filed under: Jobs • unemployment
Unemployment claims drop below 400,000
July 28th, 2011
08:56 AM ET
3 years ago

Unemployment claims drop below 400,000

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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Filed under: Economy • unemployment
Bernanke: U.S. default would cause 'major crisis'
July 13th, 2011
11:57 AM ET
3 years ago

Bernanke: U.S. default would cause 'major crisis'

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.

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Filed under: Ben Bernanke • Congress • Debt • Deficit
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