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Unemployment Rate Falls to 9.4%
Unemployment Rate
Falls to 9.4%
breaking news
Jan 7, 2011 7:55 AM CST

Unemployment Rate Falls to 9.4%

But that's party because some people stopped looking for jobs

(Newser) - The nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches. The Labor Department says employers added 103,000 jobs in December, an improvement from November's revised...

Brits to Jobless: Volunteer or Lose Benefits

Goal: 'End the habit of worklessness'

(Newser) - Unemployed Britons may have to volunteer full-time for a month in order to keep their benefits. The plan, to be unveiled this week, is part of a massive overhaul of the country's $300 billion welfare program, notes the Guardian . The goal, says a government source, is to "end the...

Unemployment Stuck at 9.6%
 Unemployment Stuck at 9.6% 
Nov 5, 2010 8:15 AM CDT

Unemployment Stuck at 9.6%

But it's the best jobs month since May, with a net gain of 151K jobs

(Newser) - US employers added the most jobs in five months in October, with the education and health care sectors leading the way. But the unemployment rate, measured by a separate survey of households, refused to budge. It remained stuck at 9.6% for the third straight month.

17% Call Sex With Boss a Smart Move

Mark Zuckerberg on list of least-wanted bosses

(Newser) - About 1 in 6 American workers think sleeping with the boss is a fine career strategy, a new survey says. Seventeen percent of respondents told Adecco Group that sex with an employer can lead to a better job, and 7% said they had actually done so, the New York Post...

Economy Loses 95K Jobs
 Economy Loses 95K Jobs 
Oct 8, 2010 8:01 AM CDT

Economy Loses 95K Jobs

Unemployment hovers at 9.6%

(Newser) - A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down US payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6%, says the Labor Department. The jobless rate has now topped 9.5% for 14 straight months, the...

US Workers Stretched Thin
 US Workers Stretched Thin  
Hirings Ahead?
Aug 10, 2010 1:55 PM CDT

US Workers Stretched Thin

With productivity decreasing, companies may need to hire

(Newser) - The employed portion of the US workforce is feeling burnt out. According to new numbers from the Labor Department, productivity fell 0.9% this quarter, as the time workers spent on the job rose faster than the economic output they produced. That means companies could soon be forced to hire...

Why My Company Isn't Hiring
 Why My Company Isn't Hiring 
opinion
Aug 9, 2010 1:10 PM CDT

Why My Company Isn't Hiring

Taxes are driving up unemployment

(Newser) - Why is unemployment so high? Blame the government, writes Michael Fleischer in the Wall Street Journal . Using the employee who has his company's median salary as an example, the head of Bogen Communications explains that though she makes $59,000 on paper, she actually takes home only $44,000 after...

Companies Raking in Cash &mdash;Hoarding, Not Hiring
Companies Raking in Cash —Hoarding, Not Hiring
sorry, unemployed
Jul 15, 2010 9:00 AM CDT

Companies Raking in Cash —Hoarding, Not Hiring

Chamber of Commerce blames Obama administration

(Newser) - US corporations have been reporting impressive earnings, and piling up loads of cash—but they’re not actually spending that cash to hire anyone. Nonfinancial companies have about $1.8 trillion in cash on hand, which is roughly 25% more than at the start of the recession, the Washington Post...

Need a Job? Go to Pot School
 Need a Job? Go to Pot School 
Jun 24, 2010 8:04 AM CDT

Need a Job? Go to Pot School

Medical Marijuana schools bring new industry to Michigan

(Newser) - Business is booming at Med Grow, a Medical Marijuana school just outside of Detroit. For $475, students get a six-week course on the finer points of growing top-quality weed, which can fetch as much as $500 an ounce. That’s an enticing proposition in a state with 14% unemployment—indeed,...

Ga. County Ask Employees to Return Bonus —From 1994

It overpaid $39,690.46, and it wants every cent back

(Newser) - Giving new meaning to the term "penny pincher," one Georgia county is making sure it collects every cent it's owed—by asking 180 employees to return an overpayment they received in 1994. That was the year Gwinnett County changed its pay cycles, which trimmed one pay period from...

Jobs Surge Back for Techies
 Jobs Surge Back 
 for Techies 
Apr 16, 2010 8:06 AM CDT

Jobs Surge Back for Techies

Google hired 786 employees in Q1

(Newser) - If you went to MIT, the economy shouldn’t look half bad. Tech companies are hiring again, often even fighting over top recruits, the Wall Street Journal reports. Yesterday, Google announced that it had hired 786 employees in the first quarter, and said it expected to “continue hiring aggressively...

5 Myths About Health Bill Passage
 5 Myths About 
 Health Bill Passage 
analysis
Mar 21, 2010 4:08 PM CDT

5 Myths About Health Bill Passage

Americans aren't undecided, and the public option was DOA: Cillizza

(Newser) - With health care reform seemingly headed for passage now that Bart Stupak's on board, Chris Cillizza looks back at the debate and finds five persistent arguments with little or no grounding in reality.
  • Scott Brown was a game-changer: "Yes and no," Cillizza writes for the Washington Post . Lacking
...

Dow Up 122 on Jobs Report
 Dow Up 122 on Jobs Report 
MARKETS
Mar 5, 2010 3:19 PM CST

Dow Up 122 on Jobs Report

Unemployment rate holds at 9.7%

(Newser) - A better-than-expected jobs report fueled a rally in stocks to close out the week. Nonfarm payrolls fell by 36,000 in February, far less than the predicted level of 75,000, the Wall Street Journal reports.
  • The Dow gained 122.06 points to close at 10,566.20.
  • The Nasdaq
...

House Passes $15B Jobs Bill

Measure offers tax breaks for making new hires

(Newser) - The House today passed a $15 billion jobs bill that gives tax breaks to companies that make new hires. The scaled-down measure passed 217-201 on a mostly party-line vote and now heads back to the Senate. The bill also includes $20 billion for road and bridge construction.

Dow Climbs 79 on AIG Deal
 Dow Climbs 79 on AIG Deal 
MARKETS
Mar 1, 2010 3:21 PM CST

Dow Climbs 79 on AIG Deal

Manufacturing employment rises

(Newser) - News of Prudential's agreement to buy AIG's Asia division sowed confidence on Wall Street today. Stocks rose, boosted as well by a jump in manufacturing employment, the Wall Street Journal reports.
  • The Dow rose 78.53 points to close at 10,403.79.
  • The Nasdaq added 35.31, closing at
...

Almost 20% of US Underemployed
 Almost 20% of US 
 Underemployed 
Poll Numbers
Feb 23, 2010 9:40 AM CST

Almost 20% of US Underemployed

Actual job picture much worse than official statistics indicate

(Newser) - Roughly 30 million Americans, almost 20% of the workforce, are either unemployed or able to find only part-time work, according to a new poll. The Gallup survey, which tallied 20,000 respondents and has a 1% margin of error, paints a far darker picture of the economic landscape than official...

One Quarter of Jobs Lost Are Gone for Good

Recession changing America's mix of employers

(Newser) - One quarter of the jobs lost since the beginning of the recession won't be coming back. Instead, the estimated 8.4 million goner gigs will be replaced with different jobs in growing industries, finds a Wall Street Journal forecast. "Displaced workers won't be rehired unless we have double the...

Dow Up 12 as Stocks Claw Back From Abyss

Dow off 170 midday on European credit woes

(Newser) - Stocks regained their opening levels after severe losses that saw the Dow off 170 points at midday today. Despite better-than-expected US employment figures, worries about the creditworthiness of some troubled European nations exerted downward pressure on stocks, the Wall Street Journal reports.
  • The Dow Jones closed up 10.05 points
...

US Expected to Report 5K New Jobs

Economy adds jobs, but more than expected were lost

(Newser) - January was the second month since the recession began in December 2007 that payrolls grew instead of fell, the Labor Department is expected to say in a report due out today. Some 5,000 new jobs were likely added last month, reports Reuters . Close to 4,000 jobs were added...

Eric Cantor Scoffs at Call for Bipartisanship

Va. rep dismisses Obama's 'lecturing' State of the Union

(Newser) - Eric Cantor was annoyed by the “rhetoric and lecturing” in President Obama's State of the Union address, and he doesn’t have high hopes for today’s sit-down with GOP leaders, the first of what Obama promised would be monthly meetings. The president has called for bipartisanship before, the...

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