Jobs

Unemployment Rate Jumps to 9.8%

More bad news on the job front: According to the Bureau of Labor Statistics, November’s unemployment rate jumped to 9.8% from 9.6% – the highest level in three months.  The economy only created 39,000 jobs, which was far fewer than economists expected, compared to the addition of 172,000 (revised) jobs in October.  Currently, 15.1...
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Economy Created 151,000 Jobs in October

Earlier today the Bureau of Labor Statistics released the latest unemployment figures for October.  The economy created 151,000 jobs, leaving the jobless rate unchanged at 9.6% with 14.8 million people unemployed. Despite the creation of jobs, for those who are unemployed, it’s taking several months to find jobs.  The number of people who are...
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How Do You Create a Job? [VIDEO]

Earlier today, the Bureau of Labor Statistics released the unemployment data for September – and the news was not good.  While the jobless rate remains at 9.6% (as was the rate in August), we lost 95,000 jobs last month – a lot worse than the 57,000 jobs lost in August.  The reason for the...
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Unemployment Rate Rises to 9.6%

Earlier today, the Bureau of Labor Statistics released the unemployment data for August 2010.  The unemployment rate rose to 9.6% in August, from 9.5% in July and 54,000 jobs were lost, yet 67,000 jobs in the private sector were created, which is better than economists predicted. Still, 14.9 million people are out of work. ...
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Unemployment Rate Unchanged at 9.5%

Earlier today the Bureau of Labor Statistics released the unemployment data for July – and it’s not pretty.  While the unemployment rate held steady at 9.5%, the economy lost 131,000 jobs in July.  Initially, 125,000 jobs were lost in June, but due to a revision of the data, it turns out 225,000 jobs were...
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Unemployment Benefits Extended

Yesterday the Senate voted, 60-40, to extend unemployment benefits to roughly 2.5 million people who have been unemployed long-term.  These 2.5 million people have not received their unemployment benefits since late May, when the aid expired.  Republicans and Democrats have been filibustering and debating as to how to replenish the money needed to compensate...
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Unemployment Rate Drops to 9.5%

The unemployment rate for June dropped to 9.5%, from 9.7% in May, according to the Bureau of Labor Statistics.  In June, 125,000 jobs were lost, which is much worse than the 431,000 jobs that were created in May.  The number of jobs added to the private sector was below expectations, at 83,000 jobs.  Aside...
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Unemployment Rate Drops to 9.7%

Earlier today the Bureau of Labor Statistics released the unemployment data for May. The jobless rate dropped to 9.7% in May, from 9.9% in April. The report says that 15 million Americans are out of work (down from 15.3 million in April). This sounds like good news, but the problem is that of the...
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Jobs for College Graduates

It’s the time of year for college graduations!  Graduating college is a huge accomplishment and those who are graduating this year should feel very proud!  However, as the class of 2010 receives their diplomas, they can’t help but worry about the troubling unemployment situation.  The jobless rate now stands at 9.9% with 15.3 million...
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April Unemployment Rate Rises to 9.9%

(Originally posted on May 7, 2010) - On May 7, the Bureau of Labor Statistics released the unemployment data for April.  The jobless rate rose to 9.9%, up from 9.7% in March.  The ironic part is that 290,000 jobs were created – the largest increase in four years.  In March, 230,000 (revised) jobs were...
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