Unemployment Rate, U.s. Economy | featured news

Unemployment falls to 7.5%; job creation solid in April

The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. The news was particularly welcome after a mere 88,000 jobs were initially reported to have been added in March; the new report revised that estimate to a healthier 138,000, suggesting that the labor market isn't slumping as much as it had appeared.

 

Unemployment rates fall in 90 pct. of US cities

Unemployment rates fell in nearly 90 percent of large U.S. cities in March, though most of the declines likely occurred because more Americans stopped looking for work, rather than found jobs.

 

US economy adds 88K jobs, rate drops to 7.6 pct.

Jobs - AP

U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown may signal that the economy is heading into a weak spring. The Labor Department said Friday that the unemployment rate dipped to 7.6 percent, the lowest in four years, from 7.7 percent. But the rate fell only because more people stopped looking for work. People who are out of work are no longer counted as unemployed once they stop looking for a job.

 

US adds 236K jobs, unemployment falls to 7.7 pct.

Unemployment Rate - AP

U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts.

 

Black jobless rate is twice that of whites

Black Jobless Rate

In the quarter-century that Armentha Cruise has run her Silver Spring staffing firm, the nation has made strides toward racial equality. Voters have twice elected a black president, African Americans shine among Hollywood’s brightest stars, and the number of blacks who graduate from college has tripled.

 

Weekly US jobless aid applications drop to 343K

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

 

Fed to Hold Rates Down Until Jobless Rate Is Below 6.5%

The central bank said Wednesday that it would maintain short-term interest rates near zero, even after it stops buying bonds, for as long as the unemployment rate stayed above 6.5 percent.

 

Unemployment falls in 75 percent of US states

Unemployment

An increase in hiring helped lower unemployment rates in 37 U.S. states last month, the latest indication that the job market is slowly healing.

 

Obama, Romney backers cite different jobs numbers

Barack Obama & Mitt Romney

President Obama, Republican challenger Mitt Romney and their backers are stressing different aspects of today's jobs report -- the ones that bolster their respective campaigns.

 

October jobs report: The economy is doing better than we thought [analysis]

... the last three months do suggest that the U.S. labor market is on an upward trajectory... whoever wins the presidential election next week will likely get to take credit for the recovery that’s now underway.

 

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