Friday, 08 March 2013 15:28

Unemployment Rate Slips

Economy Adds 236K Jobs in February; Unemployment Rate Slips

The economy added 236,000 jobs in February and the unemployment rate slipped to 7.7. percent, its lowest level since December 2008, the Bureau of Labor Statistics reported Friday. Economists had forecast payrolls would grow by 160,000, and that the unemployment rate would remain at 7.8 percent.

Job growth for December, originally reported at 196,000, was revised upward to 219,000, while January was revised down to 119,000 from the originally reported 157,000.

Average weekly hours rose along with average hourly earnings. One concern from the report was the number of multiple jobholders, which increased 340,000. This means new jobs went to an individual already employed, making the decline in the unemployment rate even more significant.

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Friday, 05 October 2012 23:06

Breaking News: Unemployment Rate Down

Breaking News: Unemployment Rate Down to 7.8%

The nation’s unemployment rate fell to 7.8 percent in August – the lowest level since January 2009, but the economy added just 114,000 jobs, the Bureau of Labor Statistics (BLS) reported Friday.

The report was good news for President Obama, taking away one of the principal attack lines from Republican presidential nominee Mitt Romney, who had noted the unemployment rate was below 8.0 percent and had been for the President’s entire tenure.



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Friday, 07 September 2012 16:41

Breaking News: Economy Adds 96k jobs in Aug

Breaking News: Economy Adds 96k jobs in August, Unemployment Rate Dips

The nation added just 96,000 jobs in August as the unemployment rate dipped to 8.1 percent as 581,000 people left the labor force, the Bureau of Labor Statistics reported Friday. The unemployment rate fell to the lowest since April, but remained above the election-critical 8.0 percent. At the same time, July’s job gains – originally reported at 163,000 – were reduced to 141,000, while June’s job numbers dropped to 45,000 from 87,000.



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Friday, 06 July 2012 16:01

Breaking News: Jobs Up by Only 80k

Breaking News: Jobs Up by Only 80k, Unemployment Rate Flat

The nation added 80,000 jobs in June, the Labor Department reported Friday. This makes job growth in the second quarter 225,000, the weakest quarterly gain in jobs since the third quarter of 2010 when the economy lost 136,000 jobs. The closely watched unemployment rate remained at 8.2 percent, unchanged from May.

Economists surveyed by Bloomberg expected payrolls to grow by 90,000 and for the unemployment rate to remain at 8.2 percent.

Average weekly hours ticked up to 34.5 from 34.4, and average hourly earnings rose.



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Friday, 01 June 2012 13:25

Job Growth Weakest in a Year!

Job Growth Weakest in a Year; Unemployment Rate Up The economy added just 69,000 jobs in May compared with a revised 77,000 in April, down from the originally reported 115,000, the Bureau of Labor Statistics reported Friday. The unemployment rate in May edged up to 8.2 percent with 8.1 percent in April. May job growth was the weakest since May 2011.

Average weekly hours fell as well, dipping to 34.4, and average hourly earnings were up just two cents.


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Friday, 06 January 2012 17:33

ALERT: Unemployment Falls to 8.5%

Unemployment Rate Falls to 8.5%

The nation's unemployment rate continues to trend down. It slipped to 8.5 percent during the month of December as the economy added 200,000 new jobs, the U.S. Department of Labor said Friday morning. December marks the sixth consecutive month of 100,000-plus job gains and the first such stretch employers have been able to string together since 2006. Over the 2011 calendar year, nonfarm payroll employment rose by 1.6 million.


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Friday, 02 December 2011 15:54

Unemployment Rate Drops to 8.6%

The nation’s unemployment rate fell to 8.6 percent during the month of November, as employers added 120,000 new jobs to their payrolls, the U.S. Department of Labor said Friday morning. By the government’s calculations, the unemployment rate declined by 0.4 percentage point from 9.0 percent reported in October to hit its lowest level since March of 2009. Employment assessments for both October and September were revised upward.
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Friday, 04 November 2011 15:03

Unemployment Rate Falls to 9.0%

The nation’s unemployment rate slipped to 9.0 percent in October as employers added 80,000 new jobs to their payrolls, according to data just released by the U.S. Department of Labor. Officials called the rate “little changed,” down from 9.1 percent the month before. The unemployment rate has remained in a narrow range from 9.0 to 9.2 percent since April. Government data shows that there are 13.9 million people out of work in the United States.

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Friday, 05 August 2011 13:06

Unemployment Rate Slips to 9.1%

After heading higher for three straight months, the nation’s unemployment rate declined to 9.1 percent in July, down from 9.2 percent in June, according to figures just released by the U.S. Department of Labor. The economy added 117,000 jobs last month. July’s numbers beat analysts’ forecasts. Investors are hoping the news will help dispel fears of a double-dip recession and quell some of the sell-off frenzy seen in the stock market yesterday, which led to the largest one-day drop in the Dow since the financial upheaval following Lehman Brothers’ collapse.
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Friday, 06 May 2011 14:13

Unemployment Rate Rises to 9%

The national unemployment rate rose to 9.0 percent in April, up from 8.8 percent in March, according to figures released this morning by the U.S. Department of Labor. Employers added 244,000 new jobs to their payrolls last month, but the government agency says the number of unemployed was “little changed” at 13.7 million.

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