The U.S. unemployment rate made a slight recovery in January, as it dropped to 9.7 percent, indicating a slight upswing in the labor market.
A Labor Department report showed that about a half a million Americans found work in January, pushing the jobless rate to the lowest mark since last August.
President Barrack Obama announced a temporary [...]
The number of new jobless benefit claims dropped less than the expected number for last week.
The Labor Department released Thursday that first time unemployment claims dropped 8,000 from the week before to 470,000. Experts had expected that number to have dropped to 450,000. The missing of the mark by 5 percent is showing that their [...]
The Labor Department said in a report today that new claims for unemployment rose by 36,000 last week, bringing the seasonally adjusted number of new claims to 482,000.
These numbers are disappointment to Wall Street, as experts had anticipated that the number would drop instead of rise.
Analysts from the Labor Department are blaming the increase on [...]
December wasn’t so jolly after all. Over 85,000 jobs were cut during the holiday month, according to the latest report by the Labor Department.
President Obama called the latest figures a “setback” in the road to recovery during a speech announcing the $2.3 billion in tax credits to support renewable energy, a move that the administration [...]
The number of people that filed unemployment for the first time rose last week, according to Labor Department reports.
Americans filed 434,000 unemployment claims for the week ending January 2. That is an increase of 1,000 from the prior week.
The moving 4 week average of first time claims was 450,250, a decrease of 10,250 from the [...]
