The American recovery from the financial crisis is far from complete. The official national unemployment rate stands at 7.7 percent, as of February. But there are surprising signs of recovery, many of them in the manufacturing sector. What had been written off as the "sick man" of the U.S. economy is now a... Read More »
The average unemployed American now spends 35 weeks job-hunting, an amount almost double what it's been at any point before the Great Recession. And one thing that everyone agrees on: Even though more and more companies are hiring, people who have been unemployed for six months or more aren't getting those... Read More »
Throughout the 2012 election and into the economic confrontations of 2013, President Barack Obama has frequently referred to the country as being in a "recovery." But a new report released by the Heldrich Center for Workplace Development tells a different story, and challenges the idea that there's yet been... Read More »
The American economy has been gaining strength for several years, yet we've recovered less than half the jobs we lost. Many say this is because businesses don't want to spend the cash to hire. Others blame it on companies shipping jobs to cheaper hands overseas. But according to an analysis by The Associated... Read More »
The nation's jobs picture got a weaker-than-expected shot in the arm Friday, following a report from the Labor Department that showed the economy created 120,000 jobs in March, well below analyst expectations of 200,000 newly created positions.
As expected, the pace of job creation slowed in March, even as... Read More »
By Christopher S. Rugaber
WASHINGTON -- In the most impressive surge for the job market since the middle of the last decade, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.
Hiring accelerated across... Read More »
By Martin Crutsinger
WASHINGTON -- Americans' income rose in December by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumers didn't spend any more than they had in November. Instead, they ended up saving all their additional income.
Economists noted that... Read More »
After years of cutbacks and layoffs, the nation's labor market finally appears to be on the mend. Latest monthly data from the Labor Department shows the unemployment rate inched down to 8.5 percent in December, though millions of Americans remain out of work.
Still, the report showed that job growth was... Read More »
Economists announced the end of the recession two years ago, and there now seem to be glimmers of a recovery. The overall unemployment rate dropped this past month to 9 percent. But things are only getting worse for women. While it may have been a "mancession," it truly is, as the media has dubbed it, a... Read More »
The nation's struggling jobs picture continue to improve in October, despite ongoing concern about the anemic economic recovery, two reports showed Wednesday.
Private employers in the U.S. added 110,000 jobs last month, according to the ADP National Employment Report, more than the 101,000 analysts expected,... Read More »
More Americans are finding work, partly because of increased hiring for the holiday sales season, a new poll finds.
The rate of joblessness as measured by Gallup fell to 8.3 percent in mid-October, down sharply from 8.7 percent at the end of September and 9.2 percent at August's end, the polling organization... Read More »
Half of all U.S. female business owners surveyed expect their sales to increase in the next six months, but most have no plans to hire full-time employees, thanks to a "soft patch" that has slowed the U.S. economic recovery. Three out of four don't intend to bring on any full-time employees, while 63 percent... Read More »
Things will never be the same in America -- we'll never fully recover from the recession, according to the small and mid-sized business (SMB) owners who were recently surveyed by Portfolio.com. That's not good news for job seekers; small and medium business owners do the majority of the hiring in the United... Read More »
Don't go looking to big business to lift us out of the fallen job market. Small businesses with fewer than 100 employees are responsible for 2/3 of the additional jobs during a recovery -- the heavy lifting when it comes to job creation is not being done by the big guys who employ tens of thousands. In fact,... Read More »
A significant number of those who are crunching numbers and balancing books are underwhelmed by the so-called recovery. As a matter of fact, many of those surveyed in a worldwide study feel that the global economic recovery, which has been slowing down in the past few months, has now gone into reverse. Read More »
Despite the gradual economic rebound, many Americans still feel less comfortable with their finances now than they did 12 months ago, according to a poll conducted by Princeton Survey Research Associates International. Many are still reeling from the ravages of unemployment, which they do not feel have gone... Read More »
What's not to like about the 3.21 million job openings that the Bureau of Labor Statistics just reported? Well, it's down from 3.30 million openings the month before, but analysts aren't too concerned. The hiring rate rose to the highest level in nearly two years, from 4.29 million to 4.5 million hires, raising... Read More »