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Job Growth

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BUSINESS
May 4, 2012 | By Don Lee
WASHINGTON -- Hiring continued its slow pace in April as employers added a modest 115,000 jobs to their payrolls, providing more evidence that the economy has lost some momentum from early this year. The jobless rate inched down to 8.1% last month, the Labor Department said Friday, but that wasn't because more people were employed. Rather, the rate fell as more workers dropped out of the labor force. The April jobs report was highly anticipated because job growth slowed sharply in March after three strong winter months of payroll gains averaging 252,000.
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NEWS
April 25, 2014 | By Michael A. Memoli
BEATTYVILLE, Ky. -- The story in the Beattyville Enterprise was just a few paragraphs long, tucked in the corner of the weekly community newspaper beside the lead story about a local murder investigation. But the item, quoting Sen. Mitch McConnell as saying it was “not my job” to bring jobs to the region, has become the latest flash point in the high-stakes battle between the Senate's top Republican and his potential Democratic opponent. The Enterprise, a paper so small it's accessible online only through its Facebook page , asked McConnell as he visited Lee County last week what he would do to help the area's struggling economy.
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BUSINESS
August 2, 2013 | By Don Lee
WASHINGTON -- The pace of job growth weakened in July, and the average work hours and earnings of employees dipped as well last month from June, the government said Friday in a report that ended a string of encouraging economic news. The Labor Department said the economy added a moderate 162,000 net new jobs in July, led by gains in lower-paying retail and restaurant businesses. That was below analysts' expectations for about 185,000 jobs and down from each of the prior two months, even after the government revised lower the job gains for June to 188,000 and for May to 176,000.
BUSINESS
April 18, 2014 | By Shan Li
California's employers added 11,800 jobs in March, a modest increase but one that nevertheless kept momentum going in the job market. The unemployment rate, meanwhile, held steady at 8.1% from the month-earlier revised figure, the state's Employment Development Department reported Friday. "We are zig-zagging on a monthly basis. One month is strong and the next is weak," said Esmael Adibi, an economist at Chapman University. "But based on what we see at the national level, we will get much stronger growth" this year.
BUSINESS
January 3, 2013 | By Don Lee
WASHINGTON -- The pace of hiring accelerated in the final month of last year, boosted by solid gains in construction, professional services and trade and transportation, according to a closely followed private survey. The report released Thursday by Automatic Data Processing indicates that the private sector added 215,000 jobs in December, up from a revised 148,000 in November. The ADP calculations, which are based on about half a million U.S. private establishments for which it processes payrolls, suggest that job growth was considerably stronger last month than what many analysts have forecast.
BUSINESS
March 8, 2013 | By Don Lee
WASHINGTON -- Job growth has begun gathering steam as the housing market comes back to life and many private employers start to look past government budget battles and begin adding employees to their thinned ranks. The Labor Department said the economy added 236,000 net jobs in February, much more than the 160,000 that analysts on average had expected. The gain was strong enough to help drive the nation's unemployment rate down to 7.7%, from 7.9% in January. It's at the lowest point in President Obama's tenure.
BUSINESS
October 3, 2012 | By Don Lee
WASHINGTON -- September looks like another mediocre month for job growth. Private-sector employers added 162,000 jobs last month, according to a survey released Wednesday by payroll processor Automatic Data Processing Inc. That doesn't bode well for the official monthly jobs report that will be issued Friday by the Labor Department. ADP's surveys have overshot the government's tally by an average of about 50,000 in recent months. As such, economists largely stuck with their forecast for about 120,000 new jobs in September.
BUSINESS
December 20, 2013 | By Ricardo Lopez
California's economy showed renewed signs of strength last month when employers added the most jobs since October 2012, the state Employment Development Department reported Friday. Employers created a net 44,300 jobs in November, led by a surge in retail hiring, typical of the busy holiday shopping season, state employment data show. The robust hiring was broad-based across several sectors, including construction and manufacturing, and helped push the state's unemployment rate down to 8.5% from 8.7% in October.
BUSINESS
April 3, 2013 | By Jim Puzzanghera
WASHINGTON -- Employment growth slowed last month as the private sector added 158,000 jobs, a sharp reduction from February and below analyst expectations, payroll processing firm ADP said Wednesday. The March figure was well below the 237,000 private-sector jobs added in February, a number that was revised up from the initial report of 198,000. Economists had expected ADP would show about 200,000 private-sector jobs were added in March. The ADP report is a key private data point ahead of the government's monthly unemployment report, which is due Friday.
BUSINESS
April 15, 2014 | By Andrew Khouri
Home-builder confidence inched up this month, but remains shaky as the spring home-buying season gets underway. The National Assn. of Home Builders/Wells Fargo Housing Market Index, released Tuesday, remained essentially flat in April, at 47. A level below 50 means more builders see the market for new, single-family homes as poor rather than good. March's level was revised down one point to 46. The association's chief economist, David Crowe, said builders are pessimistic for several reasons: tight credit for potential buyers and a short supply of skilled labor and ready-to-build lots.
OPINION
April 7, 2014 | Jonah Goldberg
For years, Republicans benefited from economic growth. So did pretty much everyone else, of course. But I have something specific in mind. Politically, when the economy is booming - or merely improving at a satisfactory clip - the distinction between being pro-business and pro-market is blurry. The distinction is also fuzzy when the economy is shrinking or imploding. But when the economy is simply limping along - not good, not disastrous - like it is now, the line is easier to see. And GOP politicians typically don't want to admit they see it. Just to clarify, the difference between being pro-business and pro-market is categorical.
BUSINESS
April 4, 2014 | By Don Lee, This post has been corrected. See the note below for details.
WASHINGTON -- The U.S. economy added a fairly solid number of new jobs in March as employers reverted to their average pace of hiring after the unusually harsh winter weather. The Labor Department said Friday that the economy created a net 192,000 new jobs last month, just about as many as in February and the average for all of last year. Economists had forecast job growth of about 200,000 for last month. The nation's jobless rate held steady at 6.7% in March, but the broader measure of unemployment and underemployment, including part-time workers who want full-time jobs, edged up to 12.7%.
BUSINESS
April 2, 2014 | Shan Li
The ongoing drought in California could dampen employment growth in coming years and have a ripple effect on several industries in the state, according to a UCLA report released Wednesday. Economists said in the quarterly forecast that arid conditions in 2013, the driest year on record for the Golden State, could diminish the fishing and manufacturing sectors in the state. However, the effect depends on whether the drought is "normal" or the beginning of "a long arid period. " California's employment could be suppressed about 0.2% during the next few years because of the drought, the report concluded.
BUSINESS
March 10, 2014 | By Jim Puzzanghera
Bad weather is largely responsible for some recent weak economic data and should not lead the Federal Reserve to stop reducing a key stimulus program, a top central bank official said Monday. Instead, with economic growth still forecast to pick up this year, the Fed might need to quicken the pullback of its monthly bond-buying program, said Charles Plosser, president of the Federal Reserve Bank of Philadelphia. "In recent weeks, there has been a blizzard of economic reports, which have come in weaker than expected," Plosser said in a speech in Paris.
BUSINESS
March 5, 2014 | By Jim Puzzanghera
Bad winter weather helped put a freeze on the labor market last month, with the private sector adding a disappointing 139,000 net new jobs, payroll processing firm Automatic Data Processing said Wednesday. The figure, which was below economists' expectations, does not bode well for the government's February jobs report coming Friday. Analysts have been forecasting that the Labor Department data, which cover the private and public sectors, will show a pickup in job growth to about 150,000 last month, after a weak 113,000 in January.
BUSINESS
February 17, 2014 | By Don Lee
WASHINGTON - Brutal winter weather contributed to a downturn in job growth and other economic data, raising questions about the strength of the recovery and testing the Federal Reserve's resolve in unwinding its key bond-buying stimulus program. Fed policymakers will have another month of data to consider when they next meet in mid-March. But if the views of John C. Williams are any indication, the Fed is likely to hold course. As president of the Federal Reserve Bank of San Francisco, one of the Fed's 12 district banks, Williams has a seat at the mahogany table where top Fed officials meet regularly to discuss the economy and make policy decisions.
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