April 6, 2013 |
NEW YORK - The government's disappointing jobs report disheartened investors about the pace of the global economic recovery, and short-circuited a rally that pushed stocks up more than 10% during the first three months of the year. Investors fled stocks Friday after the Labor Department reported that the U.S. added a mere 88,000 jobs in March. That number was well below the 190,000 jobs that analysts were expecting, and renewed fears that the labor market might be stalling. Wall Street had been growing more upbeat in recent weeks that the economy was steadily improving and sent major stock market indexes to record highs.
November 3, 2012 |
WASHINGTON - The final major economic report before election day, showing employers added a solid 171,000 new jobs in October, may not change many minds, but it does suggest that whoever wins Tuesday could enjoy increased economic momentum heading into next year. Businesses stepped up their hiring last month, and more people jumped back into the job market, signs that the economy is picking up steam even as unemployment remains high. Job numbers expanded across a broad range of industries, including the long-depressed construction sector.
July 8, 2011 |
Rep. Michele Bachmann said the June jobs report proves that President Obama's policies have not worked, and that voters she's met with in her presidential campaign are "paralyzed with fear" about the economy. "It's stunningly bad news. It's bad news for the president politically, but it's even worse news for the American people," the Minnesota congresswoman said in an interview on CNBC just moments after the Labor Department announced the unemployment rate ticked up to 9.2%. "Clearly the president's policies haven't worked.
October 5, 2012 |
Investors sent Wall Street stocks higher early Friday after the federal government reported the U.S. economy added 114,000 jobs in September. The payroll gains were in line with analysts' expectations, but the government also reported that the unemployment rate fell from 8.1% to 7.8%. The Dow Jones industrial average gained 59 points, or 0.4%, to 13,634 shortly after the opening bell. The broader Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,469. The Nasdaq was up 16 points, or 0.5%, to 3,166.
December 7, 2012 |
NEW YORK -- Stocks rose in early trading after the federal government reported an unexpected increase of 146,000 jobs in November. The Dow Jones industrial average rose 58 points, or 0.5%, to 13,133 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index rose 3 points, or 0.2%, to 1,417. The technology-heavy Nasdaq was essentially flat at 2,990 points. The U.S. Department of Labor reported the payroll bump Friday morning, announcing as well the unemployment rate dipped to 7.7%. Economists had predicted a more downbeat jobs report because of disruptions caused by Superstorm Sandy, which slammed into the East Coast in late October.
October 4, 2012 |
This being the first week of a new month, Friday brings the monthly jobs report - a release certain to launch a whirl of spin but unlikely to greatly change the course of the presidential campaign. The consensus forecast of economists is that the economy generated a seasonally adjusted 115,000 net new jobs in September. If so, that figure would be slightly better than August but still not enough to bring down the unemployment rate. Indeed, the forecast projects that the rate will tick up slightly, to 8.2%.
July 6, 2012 |
WASHINGTON --The lackluster jobs report brought a swift and coordinated response from Capitol Hill, with Republicans blaming the poor showing on President Obama's policies, while Democrats countered that the GOP was wasting time on ideological measures that have little chance at improving the economic outlook. “Today's report shows the private sector clearly isn't 'doing fine' and that President Obama's policies have failed,” said House Speaker John A. Boehner (R-Ohio). He singled out the 2009 economic recovery act and the new healthcare law, which House Republicans will vote -- again -- to repeal when they return to Washington next week.
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.
September 30, 2013 |
WASHINGTON -- The latest report on job creation and the unemployment rate, set to be released Friday, could be delayed if the federal government shuts down this week, the Labor Department said. "All survey and other program operations will cease and the public website will not be updated," Erica L. Groshen, commissioner of the Bureau of Labor Statistics, said in a Sept. 10 memo that is part of the department's contingency plan for a shutdown. But Groshen said timing is important in determining whether economic data would be released during a shutdown, which would begin Tuesday if Congress and the White House cannot strike a last-minute spending deal.
July 5, 2013 |
NEW YORK --Stocks jumped 1% as the federal government reported the labor market was gaining strength, overshadowing fears of the Federal Reserve winding down its stimulus. The Dow Jones industrial average gained 147.29 points to 15,135.84 at the closing bell on Wall Street. The broader Standard & Poor's 500 index rose 16.48, or 1%, to 1,631.89. The technology-focused Nasdaq composite index was up 35.71 points, or 1%, to 3,479.38. Investors feasted on a U.S. Labor Department report showing the economy added 195,000 jobs in June, higher than economists had predicted.