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Santorum ‘does not care’ about the unemployment rate
Republican presidential candidate Rick Santorum said in Illinois on Monday that he was not concerned about the unemployment rate because it wasn’t the government’s duty to create jobs. “We need a candidate who’s going to be a fighter for freedom,” he said during a campaign speech, “who is going to…
U.S. adds 227,000 new jobs, unemployment steady at 8.3 percent
The US jobless rate held steady at 8.3 percent in February after falling for five straight months, the Labor Department said Friday. The economy created another 227,000 new jobs, topping the the 200,000 mark for the third straight month, not enough to pull the unemployment rate lower but good enough…
Data point to frail recovery in U.S. jobs market
WASHINGTON — The economic data is mostly pointing in the right direction, but the weak economy has kept hopes in check for a big improvement in the government’s labor report Friday. Analysts expect that a slowdown in job creation took place in January after December’s surge in holiday hiring, so…
Eurozone unemployment hits record 10.4 percent
Eurozone unemployment hit a record 10.4 percent in November and December, provisional official figures showed on Tuesday. The Eurostat data agency had previously estimated anunemployment rate of 10.3 percent in November but it was revised to 10.4 percent in its latest report. The jobless rate has now remained at 10 percent or above…
Obama vows to do ‘whatever it takes’ to grow economy
US President Barack Obama promised on Saturday to do “whatever it takes” to maintain growth in the US economy as he announced a summit with business leaders dedicated to job creation at home. “This year, I’m going to keep doing whatever it takes to move this economy forward and to…
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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