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In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

(Newser) - The unemployment rate had been expected to hold steady at 8.5%, with just 125,000 jobs added—instead, unemployment fell to 8.3% and 243,000 jobs were added last month, according to January's better-than-expected jobs report. The report has Wall Street Journal bloggers particularly effusive: "America'... More »

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

(Newser) - A better-than-expected jobs report shows that 2011 ended with a bang: The unemployment rate fell to 8.5% last month, the lowest since February 2009, and 200,000 new jobs were added, the Wall Street Journal reports. The jobs report was expected to be solid, but not this solid: Unemployment... More »

More Unemployed Turn to Social Security Disability

Jobless apparently using fund as a last resort

(Newser) - The ranks of Americans collecting Social Security Disability Insurance payments have swelled dramatically in recent years, and that may be because more people are turning to the program when they can’t find work, the Wall Street Journal reports. Some 10.6 million Americans are now on the program, compared... More »

Jobless Claims Sink to 3-Year Low

It was a surprise drop, notes Bloomberg

(Newser) - Unexpected visit from the in-laws: bad news. Unexpected drop in jobless claims: very good news. Though Bloomberg reports that economists anticipated that the number of Americans filing first-time jobless claims would hold steady around 390,000, it instead dropped by 19,000 last week, to 366,000. The last time... More »

Unemployment Drops to 8.6%

Economy added 120K jobs in November

(Newser) - Today's jobs report brings good cheer to the holiday season: The unemployment rate has dropped to 8.6%, the lowest it has been since March 2009, the AP reports. The rate had been expected to hold steady at 9%, the Wall Street Journal adds. The economy added 120,000... More »

Now Is an Awful Time to Be a Young Man in America

Some 14.4% of 25- to 34-year-olds jobless; many living at home

(Newser) - Few Americans were immune to the recession, but the plight of young men continues to be particularly dire. The unemployment rate for male high-school grads ages 25 to 34 is 14.4%, far above the 9% national average; the figure also marks a huge jump from the 6.1% jobless... More »

Unemployment Falls to 9%

October saw 80K new jobs added

(Newser) - The bad news: Just 80,000 new jobs were created in October, when around 100,000 were expected. That’s the fewest in four months, the AP reports. The good news: The unemployment rate fell to 9%, its first decline since July; it had been expected to hold steady at... More »

Unemployment Holds at 9.1%

Economy needs to add even more jobs to keep up with population growth

(AP) - Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer, but the unemployment rate stayed at 9.1% for the third straight month. Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs. The private sector... More »

Hire Local? Farmers Who Seek US Workers Hit Hard

Even with high unemployment, Americans walk off too-hard job

(Newser) - John Harold is trying to do the right thing when it comes to harvesting his 1,000-acre Colorado farm, by hiring only legal foreign workers and, this summer, offering more positions to unemployed locals. But “it didn’t take me six hours to realize I’d made a heck... More »

CBC Head: If Obama Were White...

We'd 'probably be marching on the White House'

(Newser) - Rep. Emanuel Cleaver has already made it abundantly clear that he’s not the biggest fan of some of President Obama’s policies, and the Congressional Black Caucus chairman isn’t done talking. Angry over the nearly 17% unemployment rate in the African-American community, Cleaver says, "If Bill Clinton... More »

US Added No New Jobs Last Month

Unemployment remains at 9.1%

(Newser) - Following a depressing economic forecast from the White House budget office, today's jobs report brings even more depressing news: For the first time in nearly a year, the US economy added no net jobs last month. The government lost 17,000 jobs while the private sector added just 17,... More »

It's the Jobs, Stupid

Nothing else is going to pull us out, so get real about creating jobs

(Newser) - Washington policy wonks may enjoy obsessing about the debt and political intrigue, but with 25 million Americans unemployed or underemployed, it's the jobs, stupid, writes Nicholas Kristof in the New York Times . Polls show people's biggest worry is work, by a two-to-one margin over federal spending. "I... More »

Don't Just Be Afraid Amid Market Chaos—Be Angry

Deficit hawks exploited this crisis and made it worse: Krugman

(Newser) - All this stock market turbulence should make you not only afraid but mad, writes Paul Krugman in the New York Times . That's because deficit hawks have worsened the mess by "hijacking" the crisis to focus on their “favorite hobbyhorse," he writes. "What the market was... More »

Better Than Expected: Unemployment Dips to 9.1%

117K jobs added in July, more than predicted

(AP) - Hiring picked up slightly in July and the unemployment rate dipped to 9.1%, an optimistic sign after the worst day on Wall Street in nearly three years. The Labor Department says employers added 117,000 jobs last month, an improvement from the past two months. The Wall Street Journal... More »

Rare Good News: Jobless Claims Fall

...below the all-important 400K line, to 398K

(Newser) - Here’s something you don’t see every day: good news from the labor market. New jobless claims fell by 24,000 in the week ending on July 23, to 398,000, the Labor Department announced today. That’s the lowest level of job loss since April, and significantly better... More »

4.4M Have Been Jobless for More Than a Year

Lengthy jobless periods lead to vicious cycle of unemployment

(Newser) - Some 30% of unemployed workers across the US—about 4.4 million people—had been jobless for more than a year as of last month, Labor Department data shows. Long unemployment periods were especially pronounced in New Jersey (37.1%), Georgia (36.8%), Michigan (36.0%), South Carolina (35.7%),... More »

Unemployment Now 9.2% as Hiring Nears Standstill

And May numbers revised downward as well

(AP) - The June jobs report is out, and it isn't pretty. Hiring slowed to a near-standstill last month: Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2%. The Labor Department says the economy generated only 18,000 net jobs in June, and the... More »

Obama: Economy 'Going to Take Time'

President pleads for patience in weekly address

(AP) - President Obama today sought the public's patience with a slowing economy and said training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth. "We didn't get into this mess overnight. And we won't get out of... More »

Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

(AP) - Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1%. The Labor Department report offers startling evidence that the US economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt US manufacturers.... More »

Unemployment Rises to 9%, but Hiring Is Up

As more rejoin the job search, unemployment rate goes up

(AP) - Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9% in part because some people resumed looking for work. The Labor Department says the economy added 244,000 jobs last month. Private... More »

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