February 5, 2014 |
WASHINGTON -- After the poor job growth in December and a recent series of weak economic data, all eyes will be on this Friday's employment report for January from the Labor Department. Another bad month will further darken the outlook, while a strong rebound could revive the optimism that many had at the start of the year. There's a good chance, however, that the numbers will be somewhere in the middle. In what may be a preview of Friday's report, the payroll firm Automatic Data Processing Inc. said Wednesday that its data showed private businesses added a moderate 175,000 jobs last month.
February 4, 2014 |
WASHINGTON - The U.S. economy should grow at a solid rate over the next few years, but the labor market will continue to recover only slowly, according to new projections by the Congressional Budget Office. In its latest budget and economic outlook, the CBO on Tuesday forecast that economic growth will rise to 3.1% this year, boosted by gains in housing construction and business investment. And growth in economic output is projected to speed up to 3.4% in each of the next two years.
January 30, 2014 |
WAUKESHA, Wis. - President Obama sat down at his portable signing table at a gas engine plant here Thursday to order an across-the-board review of how to improve federal job training programs. A day after he highlighted some significant changes he can make on his own, such as creating a new government-guaranteed retirement savings account, his jobs proposal was decidedly smaller bore. Obama acknowledged as much as he spoke to a crowd of General Electric employees, saying that an effective plan to create jobs would require investments in infrastructure and changes in the tax code, which he can't do without Congress.
January 10, 2014 |
WASHINGTON -- Friday's weak jobs report could provide momentum in Congress for extending unemployment insurance, despite the continued objections of most Republicans who believe that government intervention distorts the market and provides a disincentive to work. Democratic leaders seized on the disappointing jobs numbers as the Senate prepares to try again on Monday to advance legislation that would provide unemployment aid to more than 1.3 million out-of-work Americans whose benefits have run out. A handful of Republicans are needed to push the stalled bill forward, and senators from economically hard-hit states, particularly in the Midwest and Northeast, may be especially sensitive to Friday's showing.
November 21, 2013 |
WASHINGTON -- The labor market looks like it is gaining some momentum. For the fourth time in five weeks, the number of workers filing new unemployment claims fell, to 323,000 for the week that ended Saturday, the Labor Department said Thursday. The drop, from 344,000 in the prior week, was larger than analysts' average forecast and brought the number to its lowest level since late September. The economy produced a surprisingly strong 204,000 jobs in October, and the downward trend in initial claims for jobless benefits suggests that the pickup in the job market carried into November.
November 11, 2013 |
The country's newest generation of veterans - the 2 million Americans who served honorably in Iraq and Afghanistan - is eager for meaningful civilian work. But misconceptions about veterans often prevent them from getting a fair shake to put their skills to work, achieve their potential and contribute fully to the nation's economy. On this Veterans Day, we ask all Americans to make sure veterans get the consideration they deserve. According to September Bureau of Labor data analyzed by Syracuse University's Institute for Veterans and Military Families, post-9/11 veterans ages 20 to 24 are 81% more likely to be unemployed than their non-veteran peers, and those ages 25 to 29 are 71% more likely to be out of a job. This situation is especially frustrating because veterans make great employees.