Unemployment falls to 7%
December 6th, 2013
08:46 AM ET
8 months ago

Unemployment falls to 7%

New York (CNNMoney) – Has the job market finally hit its stride? Hiring continued at a solid pace in November, and the unemployment rate fell for the right reasons.

The U.S. economy added 203,000 jobs in November. Economists surveyed by CNNMoney had predicted payroll gains of 183,000 jobs.

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Filed under: CNNMoney.com • Economy • unemployment
November 14th, 2013
08:30 AM ET
9 months ago

Senators to grill Janet Yellen

New York (CNNMoney) - Let the grilling begin: Janet Yellen heads to Capitol Hill this morning to face the Senate Banking Committee in her confirmation hearing to serve as the next head of the Federal Reserve.

In opening statements released ahead of the hearing, Senator Tim Johnson, chairman of the committee, said he is "excited" to cast his vote in her favor.

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Filed under: CNNMoney.com • Congress • Federal Reserve • Janet Yellen • Senate
What shutdown? Jobs growth strong in October
November 8th, 2013
09:07 AM ET
9 months ago

What shutdown? Jobs growth strong in October

New York (CNNMoney) – What shutdown? Job growth unexpectedly surged in October, even as the federal government closed its doors for 16 days.

The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics. That was well above economists' expectations. There was more good news about hiring during the late summer. Revisions showed an extra 60,000 jobs were created in August and September.

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Filed under: CNNMoney.com • Government Shutdown • unemployment
August jobs report: Hiring continues as unemployment falls
September 6th, 2013
08:40 AM ET
11 months ago

August jobs report: Hiring continues as unemployment falls

Washington (CNNMoney) – Hiring continued at a slow pace in August, and the unemployment rate fell as more Americans dropped out of the labor force.

The U.S. economy added 169,000 jobs in August, the Department of Labor said Friday.

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Filed under: CNNMoney.com • Jobs
Female economists: Pick Janet, but leave gender out of it!
Only 17 of 177 central bank heads around the world are women. Female economists surveyed by CNNMoney would like to see Janet Yellen become number 18 .
August 5th, 2013
10:11 AM ET
12 months ago

Female economists: Pick Janet, but leave gender out of it!

New York (CNNMoney) - Janet Yellen is the best candidate to succeed Ben Bernanke as head of the Federal Reserve, and gender should have absolutely nothing to do with it. That's the overwhelming consensus from a CNNMoney survey of top female economists.

Last week, we sent a questionnaire to 100 female economists in academia and the private sector, several who have worked with Larry Summers and Yellen in the past. We asked them to choose: Which of these two top contenders is their preferred candidate for Federal Reserve chair?

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Filed under: CNNMoney.com • Federal Reserve
May jobs report: Cautious hiring continues
June 7th, 2013
08:41 AM ET
1 year ago

May jobs report: Cautious hiring continues

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.

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Filed under: unemployment
Furloughed federal workers can collect unemployment
Bill Coleman, a mechanical engineer who works for the Navy, expects to be furloughed for 11 days this summer. He will try to recoup some of his $4,400 in lost pay through unemployment claims.
May 29th, 2013
08:11 AM ET
1 year ago

Furloughed federal workers can collect unemployment

New York (CNNMoney) - Should federal employees on furlough be allowed to collect unemployment benefits? Engineers at a Navy shipyard in Philadelphia think so.

The local union affiliate of International Federation of Professional & Technical Engineers has signed an agreement with the Navy which would allow their civilian federal workers to group furlough days in one-week blocks. It's a strategy with one key goal: enable those employees to recoup some of their lost wages through unemployment checks.

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Filed under: Economy
April jobs report: Hiring picks up
May 3rd, 2013
08:33 AM ET
1 year ago

April jobs report: Hiring picks up

New York (CNNMoney) - Job growth was stronger than initially reported at the start of 2013, and U.S. employers continued to hire in April.

The economy added 165,000 jobs in April, according to a Labor Department report released Friday.

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Filed under: Jobs
Hiring picks up, unemployment falls
March 8th, 2013
08:32 AM ET
1 year ago

Hiring picks up, unemployment falls

New York (CNNMoney) – U.S. employers ramped up their hiring in February, helping to lower the unemployment rate slightly.

The U.S. economy added 236,000 jobs in February, according to a Labor Department report released Friday. That's much stronger growth than in January, when employers hired a revised 119,000 workers.

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Filed under: Jobs
Jobs report: Steady hiring continues
February 1st, 2013
08:33 AM ET
1 year ago

Jobs report: Steady hiring continues

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New York (CNNMoney) - The jobs recovery continued to crawl forward in January, as employers hired 157,000 workers, the Labor Department said Friday.

Job growth at that level is weaker than in December, when employers added 196,000 jobs.

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Filed under: Jobs
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