July 3, 2012 |
Signaling an improved labor market, remittances to Mexico rose in May, its highest level since October 2008, Mexico's Central Bank reported this week. Remittances, or money wired abroad by immigrants, totaled $2.34 billion in May, up 7.8% from the previous May. And the average amount per transaction, $329.21, was up in May by 3.7% from a year before. Remittance experts said May is a particularly busy month for wire transfer operators, as many Mexicans living abroad send money forMother's Day. Money wired abroad by immigrants is often seen as a barometer of the economy.
CALIFORNIA | LOCAL
February 24, 1993 |
The recent fanfare over the "illegal" hiring practices of attorney general candidates Zoe Baird and Kimba Wood strikes a sore point for American workers concerned with maintaining jobs and working conditions.
July 18, 2013 |
California continued its economic recovery in June as its unemployment rate slid to 8.5%, the lowest it has been in nearly five years. Employers' payrolls grew by 30,200 jobs, helping push down the jobless rate from 8.6% in May, according to data released Thursday by the state's Employment Development Department. The Golden State has outpaced the overall U.S. in job creation over much of the last year, and its turnaround has been swift. Since June 2012, the state's nonfarm employment has grown 1.8%, adding nearly 254,000 jobs.
June 19, 2013 |
WASHINGTON -- Federal Reserve policymakers said Wednesday that they would continue the central bank's controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery, which they said was facing fewer downside risks. Members of the Federal Open Market Committee said they were seeing some improvement in the recovery and slightly upgraded their forecast for the labor market. In Wednesday's statement , Fed policymakers said it saw "the downside risks to the outlook for the economy and labor market as having diminished since the fall.
August 2, 2013 |
WASHINGTON -- A top Federal Reserve official indicated Friday that he was not prepared to start reducing the central bank's bond-buying stimulus program soon, saying policymakers needed to see more economic data before making a decision. The comments from James Bullard, president of the Federal Reserve Bank of St. Louis, came as the government reported that job growth weakened in July. The economy added 162,000 net new jobs, down from June's revised 188,000 figure and below analyst expectations.
May 23, 2013 |
WASHINGTON -- Initial unemployment claims dropped back to a level indicating moderate job growth last week after a spike the previous week raised alarms about the labor market recovery. The number of people filing for unemployment benefits for the first time stood at 340,000 for the week ending Saturday, falling from a revised 363,000 the week before, the Labor Department said Thursday. Economists had expected the closely watched jobless claims figure to drop last week to 345,0000.