Recession, Job Creation | featured news

Third straight month of weak hiring shows economy is struggling three years after recession ended. The unemployment rate was unchanged at 8.2 percent, the Labor Department said Friday. Click to Continue »

The gross domestic product number came in at a rather soft 2% growth, up slightly from last quarter’s 1.7%. From the standpoint of creating new jobs, 2% just doesn’t cut it. We need about 100,000 to 125,000 new jobs a month just to keep up with population growth and a 2% GDP will not give us half that, as we saw last quarter. Most economists say you need about 3.5% GDP growth to get solid job reports.

President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.

President Obama said Monday the public and private sectors must find more ways to create jobs to continue the U.S. climb out ...

President Obama is cautioning job creation could move slowly as the nation recovers from an economic recession. He told CNN's "State of the Union" signs point to recovery, although creation of enough new jobs could be delayed until next year.