Unemployment

Unemployment fight first battle of an election year

Unemployment fight first battle of an election year

The struggle in Washington over whether to renew expired jobless benefits for the long-term unemployed is as much about providing aid to 1.3 million out-of-work Americans as it is about drawing the first political line of an election year. Tuesday’s unexpected vote in the Senate removing one obstacle to a three-month extension of aid attracted […]

Unemployment benefits end Saturday for 1.3 million

Unemployment benefits end Saturday for 1.3 million

More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as extended federal unemployment benefits come to a sudden halt this weekend, with potentially significant implications for the recovering U.S. economy. A tense political battle likely looms when Congress reconvenes in the new, midterm election year. Nudging Congress along, a vacationing President Barack […]

Employers stepped up hiring amid fiscal cliff turmoil

Employers stepped up hiring amid fiscal cliff turmoil

U.S. employers likely kept hiring last month at a modest but steady pace, despite tense negotiations that pushed the economy to the brink of the fiscal cliff. Economists forecast that employers added 155,000 jobs in December, according to a survey by FactSet. That would be slightly higher than November’s 148,000. The unemployment rate is projected […]

Unemployed and uncounted: Out of work and out of hope

Unemployed and uncounted: Out of work and out of hope

When Daniel McCune graduated from college three years ago, he was optimistic his good grades would earn him a job as an intelligence analyst with the government. With a Bachelor of Science degree from Liberty University in Virginia, majoring in government service and history, McCune applied for jobs at the National Security Agency, the Federal […]

New jobs decline for second straight month

New jobs decline for second straight month

President Barack Obama promotes the fantasy that the American economy is rebounding. The latest employment numbers say otherwise. Employer hiring fell for the second straight month, coming in well below the rosy projections of a President hoping for re-election later this year. The Labor Department said Friday that American employers added only 115,000 workers to […]