The job market remains a frustrating place for America’s 9 million unemployed — perhaps more so as hiring has accelerated along with job postings. The pace of job growth over the past three months was the fastest in 17 years. The gains spanned nearly every industry, and some employers have finally had to dangle higher […]
Just after a midterm election that was driven by voters’ anxiety about the U.S. economy, the government is likely Friday to report the latest strong monthly job gain. Employers are expected to have added 230,000 jobs in October, according to economists surveyed by FactSet. That would be in line with this year’s average monthly gain […]
So politicians hedged their bets and pointed fingers
The top jobs numbers for June would have seemed to be cause for some appreciation. After all, the unemployment rate dipped to 6.1 percent, the lowest in six years, and hiring showed five months of steady growth. But the public continues to perceive the economy as poor. So, heading into a midterm campaign season, the […]
Obama and Biden ate at a Shake Shack burger restaurant a few blocks from the White House
President Barack Obama and Vice President Joe Biden promoted government-financed work projects as they lunched outside the White House Friday, saying the projects could be endangered if Congress does not act by the end of the summer. Obama and Biden ate at a Shake Shack burger restaurant a few blocks from the White House with […]
Striving to show action on jobs, President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur creation of targeted training and apprenticeship programs that could help people land well-paying jobs. They were making the announcement Wednesday at the Community College of Allegheny County […]
It was an unpleasant number for Democrats
A report by Congress’ nonpartisan budget analysts seems to have thrown Democrats onto the defensive after it concluded that the party’s drive to boost the federal minimum wage could cost a half-million jobs by 2016. A Congressional Budget Office report released Tuesday concluded that a gradual increase to $10.10 hourly by that year — which […]
A brightening growth picture encouraged the Federal Reserve last month to move forward with a scaling back of its bond-buying stimulus.
U.S. employment likely rebounded in January after being held back by cold weather the prior month, which would offer assurance that economic growth was not faltering. Nonfarm payrolls are expected to have increased by 185,000 last month, according to a Reuters survey of economists, with the jobless rate seen holding at a five-year low of […]
"Our economy's changing," Obama said.
Stressing the need to train workers for jobs of the future, President Barack Obama kicked off a government-wide review of federal job-training programs Thursday and pledged to expand the ones that work best. Echoing themes from his State of the Union address, Obama cast improved job training as central to his efforts to make it […]
The jobs bill may be headed for the unemployment line after an unlikely coalition raised enough hell about the legislation to force House leaders to scrap a planned Friday vote. The Congressional Black Caucus, the Progressive Caucus and the moderate Blue Dog Coalition banded together to raise enough objections about the bill to jeopardize passage […]