Good News, Labor Department | featured news

A burst of hiring in December pushed the U.S. unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011. The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months

The number of people seeking unemployment benefits fell further last week, ending the year on a three-month run of declines that point to stronger hiring in 2012. Weekly applications dropped by 15,000 to a seasonally adjusted 372,000 last week, the Labor Department said. That’s 11 percent lower than the same time last year and a positive sign ahead of Friday’s important read on December job growth.

New claims for unemployment insurance dropped to their lowest level in seven months, government data showed on Thursday, raising hopes that hiring may be picking up. The Labor Department said seasonally adjusted initial claims dropped 5,000 to 388,000, versus the previous week's revised 393,000 figure. The 4-week moving average, widely considered a more accurate measure of labor market trends, was 396,750, a drop of 4,000 from the previous week's revised average of 400,750.

The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas. The number of people who applied for unemployment benefits last week fell to a seasonally adjusted 390,000, the Labor Department said Thursday. That's the fewest since April.

Stocks got a lift Friday by news that the US economy generated more jobs than anticipated over the past three months, reinforcing hopes that the world's largest economy will not be sliding back into recession. The Labor Department reported that the U.S. added 103,000 jobs in September. That was above expectations for a 60,000 increase. It also revised up the previous two months' figures to show around 90,000 more jobs were created than previously thought.

New claims for unemployment benefits dropped sharply in the latest week, The Labor Department said Thursday, giving the jobs market one of its first positive signals in some time. 

Companies in July advertised the most jobs in three years, and layoffs declined – a bit of hope for a weak economy. Still, many employers are in no rush to fill openings. The Labor Department said Wednesday that employers increased their postings to 3.23 million from 3.17 million in June. That is the largest number of openings since August 2008. Typically, it takes anywhere from one to three months to fill an opening.

The number of job openings rose at their fastest pace in almost seven years in February, according to a new report from the Labor Department.

Layoffs are down, and at pre-recession levels, but hiring remains slow, Labor Department data showed.

The jobless rate in 39 states and Washington, D.C. fell in June compared to the prior month, the Labor Department said. Just five states saw unemployment rate increases.