U.S. job growth was less than expected in August and the unemployment rate dropped to a 4½ year low as workers gave up the search for work, which could delay the Federal Reserve scaling back its massive monetary stimulus later this month. Read More »
By Jason Lange
WASHINGTON -- U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.
The number of jobs outside the farming sector increased by 162,000, the... Read More »
By Jason Lange
WASHINGTON -- U.S. employers stepped up hiring in May, a sign that the economy was growing modestly but not strong enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system. The United States added 175,000 jobs last month, just above the median... Read More »
.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than first thought. The gains trimmed the unemployment rate to a four-year low of 7.5 percent. Read More »
WASHINGTON -- The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000, the Labor... Read More »
WASHINGTON -- The number of Americans filing new claims for unemployment benefits rose slightly last week, which could further allay fears of a major setback in the labor market recovery.
Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 352,000 the Labor Department said on... Read More »