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Jobless rate drops, but so do hourly earnings

WASHINGTON (Reuters) – Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum. Nonfarm payrolls increased 120,000 last month, the Labor Department said on Friday, in line with economists’ expectations for a…

Jobless rate falls in 36 states

WASHINGTON — Unemployment fell in 36 states last month, the US Labor Department said Tuesday, with 2012 election battleground states South Carolina, Michigan and Minnesota seeing significant drops in joblessness. The Bureau of Labor Statistics reported that Michigan and Minnesota — key targets for President Barack Obama’s re-election campaign —…

Dept. of Labor: U.S. employers posted 3.4 million job openings in Sept.

U.S. employers posted help-wanted ads for 3.4 million jobs in Sept., the Department of Labor announced on Tuesday. That’s the most in any single month for the last three years, they added. While those figures sound almost too good to be true, just posting job openings doesn’t always mean new…

Employers add 151K jobs, most since May

Economy adds 151K jobs, most in 5 months; unemployment rate remains 9.6 percent 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, remained stuck at 9.6 percent for…

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