The U.S. economy added 103,000 jobs in September, while the unemployment rate held steady at 9.1 percent, according to new data from the Bureau of Labor Statistics. The numbers beat economists’ expectations but barely keep pace with population growth, reinforcing the growing fear among many that the labor market recovery is dead in the water. [...]
WASHINGTON — Unemployment has been stuck near 9 percent since the recession ended more than two years ago. The jobs report for September on Friday sent the clearest signal to date that the crisis will last through next year’s elections. The pain isn’t confined to the 14 million officially unemployed Americans. Among those hurt by [...]
The U.S. economy added 103,000 jobs in September, while the unemployment rate held steady at 9.1 percent, according to new data from the Bureau of Labor Statistics. The numbers beat economists’ expectations but barely keep pace with population growth, reinforcing the growing fear among many that the labor market recovery is dead in the water. [...]
Amidst all the bad news coming out of Wall Street and the economy, here’s something good: California has backed out of the talks for the long-awaited foreclosure settlement, now making it far from likely that the so-called “Attorneys General” deal will happen anytime soon. California Attorney General Kamala Harris sent a letter to state and federal [...]
DETROIT — A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. Most workers won’t get annual pay raises, but will get at least $12,500 in bonuses, profit-sharing and other payments over the [...]
WASHINGTON — Companies in July advertised the most jobs in three years, and layoffs declined – a bit of hope for a weak economy. Still, many employers are in no rush to fill openings. The Labor Department said Wednesday that employers increased their postings to 3.23 million from 3.17 million in June. That is the [...]
WASHINGTON/CHICAGO (Lisa Lambert and Karen Pierog) – U.S. states will start sending more than $1 billion to the federal government in coming weeks for loans used to pay unemployment benefits and some may have to raise business tax bills to cover the charges. The 2009 economic stimulus plan made it easier for states to borrow [...]
NEW YORK (Steven C. Johnson) – The dominant services sector picked up steam unexpectedly last month, snapping a three-month streak of slower growth, though the pace of hiring slowed slightly, underscoring broader job market concerns. But the surprise increase in the index from the Institute for Supply Management was cause for encouragement, analysts said, suggesting [...]
Of all the aspects of the workplace, it’s with health insurance benefits that satisfaction is most quickly dropping, according to a recent survey from Gallup. Asked which aspects of their jobs they like most and least, 30 percent of those surveyed said they were dissatisfied with employer health care benefits. That’s up from 19 percent just [...]
The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1 percent, the Bureau of Labor Statistics reported on Friday, the most concrete sign yet that the recovery has stalled out and a double-dip recession may well be on the way. “We’re treading water, going sideways, you can call [...]
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