- Jobs report shows persistent economic growth, By Catherine Rampell, November 2, 2012, New York Times: “The economy may have some more underlying strength than earlier believed, according to the final job market report released before Tuesday’s presidential election. The nation’s employers added 171,000 positions in October, the Labor Department reported on Friday, and more jobs than initially estimated in both August and September. Hiring was broad-based, with just about every industry except state government adding at least a handful of jobs. The unemployment rate ticked up slightly to 7.9 percent in October, from 7.8 percent in September, but for a good reason: more workers joined the labor force and so officially counted as unemployed…”
- Job growth, unemployment rate rose in October as workers re-entered labor force, By Neil Irwin, November 2, 2012, Washington Post: “Businesses picked up their pace of hiring in October and the unemployment rate rose as more people started looking for work, according to new government data that offer a glimmer of optimism for the long-ailing job market on the eve of the presidential election. Employers reported adding 171,000 jobs in October, beating both analysts’ expectations (125,000 jobs added) and September’s job creation (a revised 148,000). The unemployment rate rose to 7.9 percent, up from 7.8 percent, but the reason behind the uptick also points to an improved job market…”
Tag: Department of Labor
State Unemployment Rates
- Unemployment rates rise in 27 states as more look for work, By Christopher S. Rugaber (AP), July 20, 2012, USA Today: “Unemployment rates rose in 27 states last month, the most in almost a year. The Labor Department said Friday that unemployment rates fell in 11 states and Washington, D.C. – the fewest declines since August. Rates were unchanged in 12 states. Nationwide, employers added only 80,000 jobs last month, third straight month of weak job growth. The national unemployment rate stayed at 8.2%…”
- Payrolls climb in 29 U.S. states, led by California, By Lorraine Woellert, July 20, 2012, Bloomberg: “Payrolls increased in 29 states in June, while 21 lost jobs, indicating limited progress in the U.S. labor market. The unemployment rate rose in 27 states, fell in 11 and the District of Columbia, and was unchanged in 12. California led the nation with a 38,300 gain in employment, followed by Ohio with an increase of 18,400 jobs, the Labor Department reported today in Washington…”
Jobless Claims
Jobless Claims in U.S. Unexpectedly Rose Last Week, by Alex Kowalski, June 14, 2012, Businessweek: “More Americans applied for jobless benefits and consumer prices dropped by the most in three years, giving the Federal Reserve room to spur an economy that’s generating little growth or inflation. Claims for unemployment insurance payments unexpectedly climbed by 6,000 to 386,000 in the week ended June 9, Labor Department figures showed today in Washington. The cost of living fell 0.3 percent in May, led by the biggest decrease in gasoline prices in three years, the agency also reported. Stocks rose as investors increased bets Fed policy makers meeting next week will take additional steps to boost growth and cut an unemployment rate stuck above 8 percent since February 2009. . .”