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Unemployment Drops to 7.8%, 114K Jobs Added
Unemployment at 7.8%, Lowest in Obama's Term
jobs report

Unemployment at 7.8%, Lowest in Obama's Term

Rate drops as nation adds a so-so 114,000 jobs

(Newser) - The unemployment rate dropped to 7.8% last month, its lowest level since January 2009—meaning it's now officially lower than it was when President Obama took office, the Wall Street Journal reports. Today's jobs report also shows that 114,000 jobs were added; consensus had been 118,...

Hanging Effigies Rattle Vegas
 Hanging Effigies Rattle Vegas 

Hanging Effigies Rattle Vegas

Some drivers feared they were real people

(Newser) - Two surprise billboards featuring hanging effigies nearly knocked Las Vegans off their game yesterday. Mannequins with nooses around their necks hung from both billboards, each on a major highway; they appeared to be some kind of jobless protest. "Dying for a job," said a hand-painted message on one...

Unemployment Rises to 8.3%
 Unemployment Rises to 8.3% 

Unemployment Rises to 8.3%

Economy added 163K jobs in July

(Newser) - The good news: The economy added 163,000 jobs last month, which the AP calls a "hopeful sign" considering how slow the past three months of hiring have been. That makes July the best month of hiring since February. But in adding an average of 151,000 jobs a...

Unemployment Taking Toll on Middle-Aged

Rate of those jobless over long term is 'unprecedented'

(Newser) - The unemployment rate among younger workers may be higher, but economists are equally worried about those who are middle-aged and out of work, reports the Wall Street Journal . That's because the years between 45 and 60 should be prime earning years, a time when parents might well be trying...

Dow Plummets 200+ Points
 Dow Plummets 200+ Points 

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Unemployment Back Up to 8.2%
 Unemployment Back Up to 8.2% 

Unemployment Back Up to 8.2%

And US employers added just 69K jobs

(Newser) - Today's jobs report brings very unwelcome news: US employers added just 69,000 jobs last month, the lowest number in a year, and the unemployment rate ticked up to 8.2% from April's 8.1%, the first increase in 11 months. The Labor Department also had grim news...

The Jobless Stat You Should Worry About

People in their prime working years aren't finding jobs

(Newser) - The unemployment rate may be improving, but that doesn't mean the job market is, and there's one group in particular that's having an alarmingly hard time finding work: People in their prime working years. Only 75.7% of people aged 25 to 54 have jobs, the Washington ...

More Than Half of College Grads Underemployed

For many, degree leads to low-paying jobs, or none at all

(Newser) - The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge, according to an analysis of government data...

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'...

Unemployment Falls to 8.5%
 Unemployment Falls to 8.5% 

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 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...

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...

Unemployment Rate Drops to 8.6%; Economy Adds 120K Jobs
 Unemployment Drops to 8.6% 

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...

Young Men Face Soaring Unemployment
Now Is an Awful Time to Be
a Young Man in America
in case you missed it

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...

Unemployment Falls to 9%
 Unemployment Falls to 9% 

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...

Jobs Report: Unemployment Rate Still 9.1% as Economy Adds 103K Jobs
 Unemployment Holds at 9.1% 

Unemployment Holds at 9.1%

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

(Newser) - 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...

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...

Congressional Black Caucus Head Emanuel Cleaver: If Obama Were White...
CBC Head:
If Obama Were White...

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...

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,...

Nicholas Kristof: Get Real About Creating Jobs
 It's the Jobs, Stupid 
NICHOLAS KRISTOF

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...

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