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U.S. adds no net jobs in August; unemployment remains 9.1%

U.S. adds no net jobs in August; unemployment remains 9.1%

Job creation came to a halt in August, according to new government data that show an economic recovery that appears to be sputtering out. The Labor Department on Friday reported zero net job creation in August, far worse than the 68,000 net jobs analysts had expected to be added. The unemployment rate was unchanged at 9.1 percent. The July job growth number was revised downward, as well, to only 85,000 jobs added that month — not the 117,000 estimated.

 

Liberals complain about Obama; will it cost votes?

Liberals argue that he caved on the debt ceiling. Unions are upset over his handling of unemployment and labor issues. Hispanics brought the immigration debate directly to his campaign doorstep....

 

Unemployment dips to 9.1% as employers add 117,000 new jobs

Unemployment dips to 9.1% as employers add 117,000 new jobs

Job growth in the U.S. rebounded higher in July and the unemployment rate edged lower, the government reported Friday, providing a pinch of good news amid turmoil in global markets and intensifying fears of a recession.

 

Unemployment rates rose in majority of US states

Unemployment rates rose in majority of US states

Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

 

Jobless claims rise above expectations

New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor market that is struggling to regain momentum after job growth faltered in the last two months.

 

Black economic gains reversed in Great Recession

For many in the black community, where unemployment has risen, job loss has knocked them out of the middle class and back into poverty.

 

Unemployment rose to 9.2 percent as hiring stalls

Unemployment rose to 9.2 percent as hiring stalls

Hiring slowed to a near-standstill last month, raising doubts that the economy will rebound in the second half of the year after a spring slump.

 

ADP, Jobless Data Suggest Improvement

Private businesses added a stronger number of jobs in June than expected, according to ADP, while new claims for jobless benefits fell last week.

 

Regulators combat unemployment insurance waste and fraud

Regulators are cracking down on record waste and fraud in the unemployment insurance system, saying the money could go to legitimate claims.

 

Stocks sink after weak jobs report; oil drops

An unexpected jump in claims for unemployment benefits and plummeting oil prices are driving stocks lower in early trading Thursday.

 

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