U.S. Unemployment Rate Down Slightly

The U.S. economy created an estimated 165,000 jobs in April, while March’s disappointing data was updated to reflect the creation of an additional 50,000 jobs and February’s data was updated to reflect an additional 64,000 new positions. The end result? A 7.5 percent rate – down from last month’s 7.6 percent imprint.
Still, the nation’s labor [...]

America’s Lingering, Looming Jobs Problem

By Howard Rich || Earlier this month the U.S. Bureau of Labor Statistics (BLS) reported that America’s unemployment rate fell from 8.5 percent in December to 8.3 percent in January — its fifth consecutive monthly decline. The agency also estimated that the U.S. economy created nearly a quarter of a million new jobs last month [...]

Obama: Out Of Ammo?

At some point in politics, you’re just spent …
As in depleted, empty, and completely out of ammo …
Our guess is that U.S. President Barack Obama knows what that feels like – particularly after this week’s totally underwhelming “job creation” announcement in Durham, N.C.
Having spent, lent, printed and pledged trillions of taxpayer dollars in an effort [...]

533,000

The American economy shed an unreal 533,000 jobs in November, and making matters worse, the jobless numbers for September and October of this year were just revised to show another 200,000 lost jobs.
Last month’s decline was the worst figure in 34 years, and brings the 2008 job loss total to nearly 2 million – including [...]