Jun 06 Jobs report: Nonfarm payrolls surpass pre-recession level By Simone Pathe The economy added 217,000 jobs in May and the unemployment rate stayed the same as the previous month at 6.3 percent. The payroll number exceeded consensus expectations of about 213,000 jobs, but more significantly, this is a landmark month because… Continue reading
May 02 Watch Good news in jobs report bolstered by shrinking workforce By PBS News Hour The jobs report released Friday finds that employers added 288,000 jobs in April and the unemployment rate fell to 6.3 percent. However, the dip in unemployment was driven by a sharp decline — more than 800,000 — in the number… Continue watching
May 02 Where are the April showers in the jobs report? By Paul Solman April's jobs report looks sunny: the lowest unemployment rate since fall 2008 and more jobs added to the economy than expected. But don't hang up the umbrellas just yet: nearly a million more people in April than in March told… Continue reading
May 02 Unemployment rate drops to lowest since fall 2008 By Simone Pathe The unemployment rate dropped to its lowest since September 2008, and the economy added 288,000 jobs last month, but about 800,000 people dropped out of the labor force. Our more inclusive Solman Scale also fell to 14.38 percent. Continue reading
May 02 Obama, Merkel look for united front on Ukraine By Domenico Montanaro, Terence Burlij, Simone Pathe, Rachel Wellford As more fighting has broken out in Eastern Ukraine, President Obama and German Chancellor Angela Merkel will be looking for a show of unity on the situation when they meet Friday at the White House. But if you want to… Continue reading
Apr 16 Obama, Biden to announce $600 million in job grants By Darlene Superville, Associated Press Striving to show action on jobs, President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur creation of targeted training and apprenticeship programs that could help people land… Continue reading
Apr 07 Senate votes to extend jobless benefits for long-term unemployed By David Espo, Associated Press Updated | 6:21 p.m. EDT: WASHINGTON -- On Wednesday, the Senate voted, 59-38, to extend jobless benefits for the long-term unemployed that expired late last year. Capping a three-month struggle, the approval sends the legislation to a hostile reception… Continue reading
Apr 06 Watch What’s the quality of the jobs gained in March? By PBS News Hour NewsHour takes another look tonight at the latest unemployment report. Bloomberg senior economist Nela Richardson speaks with Hari Sreenivasan about whether the the jobs counted as recovered are of the same quality as those lost in the Great Recession. Richardson… Continue watching
Apr 04 Part-timers are the dark side of the bright jobs numbers By Paul Solman The economy added a healthy 192,000 jobs in March, but what's worrisome, Paul Solman explains, is the rise in the number of people working part time because they couldn't find a full-time job. Continue reading
Apr 02 Post-recession economy leaving many blacks behind, Urban League reports By Jesse J. Holland, Associated Press While unemployment has been a major impediment to African-Americans' economic progress, underemployment is a bigger obstacle for them than it is for whites or Hispanics, the National Urban League says in its latest State of Black America report. Continue reading