The International Labor Organization says nearly 200 million people worldwide are without jobs, and unemployment is set to increase further this year. The ILO’s “Global Employment Trends 2013” report says unemployment worldwide rose by 4.2 million in 2012 after falling for two straight years. It says one-quarter of the increase is in the advanced economies, […]
With Revision, US Labor Market Expanded During Obama Term
Posted September 28th, 2012 at 9:50 am (UTC-5)
U.S. economic fortunes are still sluggish, but the government has now determined that more jobs have been added during President Barack Obama’s term in office than lost. While nearly 13 million workers are unemployed in the country, the new government figures show that since January 2009, when Mr. Obama took office, the country has added […]
Weak US Employment Report Could Force Central Bank Action
Posted September 7th, 2012 at 3:15 pm (UTC-5)
U.S. business analysts say that Friday’s weak employment report could push the country’s central bank to adopt new measures next week to spur job growth and boost the sluggish economy. The government reported that the American labor market added only 96,000 new jobs in August. While the jobless rate fell from 8.3 percent to 8.1 […]
No Improvement Expected in US Employment Report
Posted July 6th, 2012 at 2:30 am (UTC-5)
The unemployment rate in the United States is expected to remain stalled at 8.2 percent when the Labor Department releases its jobs report for June on Friday. But economists believe the government report may show employers added anywhere between 90,000 and 100,000 jobs last month, better than the 69,000 jobs added in May. Recent reports […]
Technology Helps Job Search
Posted July 5th, 2012 at 2:20 pm (UTC-5)
Friday, government experts are expected to report that the U.S. unemployment rate stayed around 8.2 percent, and the economy had a net gain of about 95,000 jobs. Economists say this meager rate of job growth is not enough to reduce the jobless rate. But experts say even at a time of high unemployment, some positions […]
US Jobless Benefit Claims Match Four-Year Low
Posted March 15th, 2012 at 9:11 am (UTC-5)
The U.S. says new claims for unemployment benefits matched a four-year low last week, a new signal that the labor market is improving in the world’s largest economy. The government said Thursday that 351,000 jobless workers made initial claims for unemployment compensation — 14,000 fewer than the week before. The requests for assistance were at […]
