AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!WASHINGTON -- The unemployment rate fell in two-thirds of the nation's states last month, the latest evidence that the strengthening economy is encouraging many employers to boost hiring. The Labor Department says the unemployment rate dropped in 34 states in March. That's the largest number of states to record a decline since June. The rate rose in seven states and was unchanged in nine and Washington, D.C. Employers hired more workers in 38 states. A government survey of employer payrolls finds only 12 states plus Washington, D.C., lost jobs last month, the fewest since ...
WASHINGTON -- More people applied for unemployment benefits last week, the first increase in three weeks. Still, the broader trend points to a slowly healing jobs market. The government says applications for unemployment benefits rose 27,000 to a seasonally adjusted 412,000 for the week ended April 9. That left applications at their highest point since mid-February. Applications near 375,000 are consistent with a sustained increase in hiring. Applications peaked during the recession at 659,000. The four-week average of applications, a less volatile measure, rose to 395,750. However, ...
WASHINGTON -- U.S. companies have added jobs for 12 straight months, giving some of the hardest hit states a lift. But the gains have been uneven and several states are still losing jobs. California and Michigan, which each suffered some of the worst losses during the recession, are adding jobs again. California last month had its single best month for job creation in more than two decades. Still, six states lost jobs from February 2010 through last month. Among the worst for job creation in that time were New Mexico and New Jersey, states that only a year ago were in the middle of the ...
The jobs may finally be coming back. After a financial crisis and recession that knocked more than 8.5 million people out of work and a faltering economic recovery that couldn't even produce enough new jobs to employ graduates and other new entrants to the labor force, the U.S. private sector last month created jobs at a healthy pace. Non-farm payrolls increased by 192,000 in February, the Labor Department reported today. And while budget-strapped state and local governments continued to issue pink slips at an alarming rate, the private sector added 220,000 new posts. The unemployment rate ...
The U.S. jobs market may finally be on the verge of an actual recovery, but expect it to come back with a whimper rather than a bang. The Labor Department today said the number of people who filed for unemployment insurance last week was just 368,000. That's the lowest number of weekly jobless claims reported by the government since May 2008, before the full force of the financial crisis slammed into the American economy, and it marks a drop of 20,000 from the previous week's total. Chris Hondros, Getty Images An unemployed man looks over job listings on a board at a New York ...
Follow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Sorry, Wisconsin protesters. I want to root for unions. But I can't. That's because they're only for the working man and woman. They don't seem to care about the unemployed and the legions of Americans forced into part-time work. As depicted in the British comedy "I'm All Right Jack" -- I'm all right, and to hell with everyone else -- unions are narrowly focused on union workers. That's the hidden reason sympathy has declined. A lot has happened to the working man and woman in the last 40 years, and none of it good. Unions have not been paying attention. Unions brag it was they who put an ...
Amid some awfully wicked weather, the U.S. economy last month eked out a feeble number of new jobs, and hundreds of thousands of Americans stopped looking for work, which paradoxically contributed to a drop in the unemployment rate. But today's weak report from the Labor Department wasn't the result of a wintry economic cold. Rather, it was just the latest symptom of the long-term labor market affliction that has yet to evolve into a sustainable recovery. In responding to the news, Austan Goolsbee, the chief economic adviser to President Barack Obama, called the economic trends of recent ...
The sharp drop in the unemployment rate to 9 percent should be treated as good news. Any drop, after all, is welcome. But just how good this news is depends entirely on how low your expectations are for this economic recovery. After all, the unemployment rate has been at or above 9 percent for 21 months now -- a grim record that hasn't been seen since the Great Depression. And keep in mind, too, that Christina Romer, then head of the White House's Council of Economic Adviser, predicted in January 2009 unemployment wouldn't get above 8 percent with the economic stimulus plan -- it was ...
Follow Politics Daily
POPULAR
News From Our Partners




Top News
More News
More on Aol
Local News
More Blog/Sites
Sites and Services