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Jobs Report

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BUSINESS
September 7, 2012 | By Pat Benson
U.S. employers added 96,000 jobs in August, the Labor Department said Friday, much fewer than expected. The unemployment rate was revised down, to 8.1% from 8.3% in July, but that's because people dropped out of the labor force. Join us for a live discussion about the state of unemployment and the economy later Friday. The Times will host a Google+ Hangout at 10:30 a.m. PDT with economy reporter Don Lee, markets reporter Andrew Tangel and Business deputy editor Joe Bel Bruno.
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BUSINESS
April 3, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims unexpectedly increased last week but remained low in a positive sign for labor market growth before Friday's jobs report. About 326,000 people applied for first-time unemployment benefits in the week ended Saturday, the Labor Department said Thursday. The figure was up from 310,000 the previous week, the lowest level since September. Analysts had projected a smaller increase to 320,000 last week. PHOTOS: Richest and poorest cities in America The four-week average was little changed at 319,500 and pointed to an improved jobs situation in March.
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BUSINESS
September 7, 2012 | By Dalina Castellanos
In Friday's disappointing jobs report, the U.S. Labor Department said 96,000 net jobs were added to the workforce in August, stirring conversation about the economic climate and the presidential race. The report is one of the last three to be released before November's presidential election, and their findings usually shape political speeches and reinforce platforms. People taking a break from their busy Friday in downtown Los Angeles had diverse opinions about the jobs report, but many believed that a turnaround would take longer than a couple of months.
BUSINESS
April 3, 2014 | By Shan Li
African Americans are falling further behind their white and Latino counterparts when it comes to employment and income, according to a new report from the National Urban League released Thursday. The annual report , called the State of Black America, noted that 13.1% of African Americans were without jobs, compared with 6.5% of whites and 9.1% of Latinos. "Nationally, both African Americans and Latinos lost economic ground relative to whites," the report said. PHOTOS: World's most expensive cities The disparity can also be seen in incomes in neighborhoods around the U.S. Over half of African American and Latino households in the U.S. earn incomes that place them below middle class, compared with 35.5% of white households.
BUSINESS
November 1, 2012 | By Andrew Tangel
Stocks rose in early trading after two upbeat reports fueled optimism about the labor market, a day before the federal government releases October unemployment figures. The Dow Jones industrial average rose 77 points, or 0.6%, to 13,173 shortly after the opening bell, in the second day of trading following the market's two-day shutdown following Hurricane Sandy. The broader Standard & Poor's 500 index gained 6 points, or 0.4%, to 1,418. The Nasdaq rose 17 points, or 0.6%, to 2,994.
BUSINESS
August 2, 2013 | By Ricardo Lopez
The U.S. economy added 162,000 jobs in July -- led by hiring in restaurants and retail stores. Economists had been projecting higher growth based on encouraging economic indicators showing that housing is rebounding quickly, consumer confidence is ticking up and initial jobless claims have fallen. Friday's jobs report released by the U.S. Bureau of Labor Statistics wasn't pretty, particularly since previous months' job gains were also revised downward. Here are five takeaways from the report: 1. The unemployment rate fell to 7.4% in July from 7.6% the month before.
NEWS
March 9, 2012 | By Kathleen Hennessey,  
President Obama seized on a new jobs report as evidence that "the economy is getting stronger," as he pitched a set of manufacturing initiatives in territory key to his reelection chances. "The key now, our job now, is to keep this economic engine churning," Obama said from the floor of a jet engine manufacturing plant in Petersburg, Va. "We can't go back to the same policies that got us into this mess. " Obama's trip, deemed official and not campaign business, came hours after the Labor Department announced that the economy had added 227,000 jobs in February, a stronger showing than economists expected but not enough to move the 8.3% unemployment rate.
NEWS
September 7, 2012 | By Maeve Reston
ABOARD THE ROMNEY PLANE -- Mitt Romney placed the blame for Friday's weak jobs report squarely on President Obama, charging that his Democratic rival for the White House "hasn't lived up to his promises and his policies haven't worked. " "If last night was the party, this morning is the hangover," Romney said in a statement that was released as the candidate flew from New Hampshire to Iowa for a rally on Friday morning. "For every net new job created, nearly four Americans gave up looking for work entirely.
NEWS
June 1, 2012 | By Lisa Mascaro
WASHINGTON -- The sliding jobs picture provoked an intense round of finger-pointing on Capitol Hill, where Republicans and Democrats blamed each other for failing to cross the aisle to support policies they say would spur economic growth. Friday's unemployment rate spike, to 8.2% for May, saddles lawmakers with one of the worst economic outlooks in decades as they head into the fall election, giving new urgency to the summer debate over the divergent economic approaches that will define President Obama and his GOP challenger, Mitt Romney, and their parties in November.
BUSINESS
March 7, 2014 | By Ricardo Lopez
California appeared to go in the opposite direction of the national economy in January, shedding a net 31,600 jobs that month, the state's Employment Development Department reported Friday.  Despite the weak showing in employers' payrolls, the unemployment rate declined to 8.1% from 8.3% the month before, according to state employment data.  Large job losses were recorded in the trade, retail and transportation industries, which as a whole...
BUSINESS
March 7, 2014 | By Jim Puzzanghera, This post has been updated. See the note below for details.
WASHINGTON -- The economy added 175,000 net new jobs last month, a surprisingly robust figure given the bad winter weather, the Labor Department said Friday. Despite the increase -- the largest in three months -- the unemployment rate ticked up 0.1 percentage points to 6.7% after hitting a more than five-year low in January. The February job-creation figure was a significant improvement over the 129,000 net new jobs added in January, which was revised up from an initial estimate of 113,000.
BUSINESS
February 26, 2014 | By Stuart Pfeifer
The United States could create 5.8 million jobs if it moved to end global currency manipulation, according to a report by the Economic Policy Institute. The group, a Washington think tank supported by organized labor, said that manipulation of currency exchange rates is a key factor in the United States' $703-billion annual trade deficit. Several foreign countries devalue their currencies to make their products cheaper, making it difficult for U.S. manufacturers to compete, the report said.
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.
BUSINESS
February 7, 2014 | By Don Lee
WASHINGTON - Back-to-back months of sluggish hiring suggest the economic recovery may have lost some momentum and could give the Federal Reserve second thoughts about continuing to throttle back a key stimulus program. Employers added a modest 113,000 jobs in January after boosting payrolls by just 75,000 in December, the Labor Department said Friday. The two-month average was about half of last year's monthly pace of job growth and far below analysts' expectations. Although analysts blamed the weak December hiring largely on frigid weather, there was little evidence the cold contributed to January's numbers.
NEWS
February 7, 2014 | By Jon Healey
The disappointing January jobs report -- only 113,000 positions added, compared to 194,000 per month on average last year -- has generated much hand-wringing by policymakers, pundits and economists. Januaries are typically slow months for job growth , as employers shed a bunch of temporary workers hired for the holidays, yet last month's total still came in well short of analysts' expectations. And given that December's jobs report was even worse than January's , with a net gain of only 75,000 jobs (revised upward from the original 74,000)
BUSINESS
February 7, 2014 | By Andrew Tangel
NEW YORK -- Stocks rallied about 1% despite the U.S. Labor Department's report showing weaker-than-expected employment growth last month. Investors appeared to look on the brighter side of the federal government's closely watched barometer of the labor market even though it fell far below estimates for the second consecutive month. The federal government said Friday that the U.S. economy added a disappointing 113,000 net jobs last month. But that was still more than the 74,000 jobs gained in December.
NEWS
January 10, 2014 | By Lisa Mascaro
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.
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