After a strange unemployment report in January, the news for February makes a little more sense. The U.S. economy added 192,000 jobs, as unemployment ticked down to 8.9%, according to the Bureau of Labor Statistics. This rate matches that in April 2009 and is the lowest since. This month, there aren’t any strange data discrepancies, [...]
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Trade agreement with South Korea will create jobs in U.S.: Obama The free trade agreement signed yesterday between South Korea and the United States will increase U.S. exports of the country and help protect and create thousands of American jobs, said today the president Barack Obama WASHINGTON .- “In fact, it is estimated that only [...]
Unemployment claims dropped for the third time in four weeks and wholesale inflation remained tame, adding to evidence that the economy is gradually improving. New claims for jobless benefits fell by 3,000 to a seasonally adjusted 450,000, and the lowest level in two months, the Labor Department said Thursday. Claims have fallen by 11 percent [...]
In other news Thursday, the Labor Department announced jobless claims rose to 500,000 last week. On Wall Street, there were disappointing numbers as well.
“The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum. Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor [...]
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