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Labor Market

March 13, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims unexpectedly fell last week to 315,000, the lowest level since November, as the labor market showed signs of emerging from a winter chill. The number of first-time claims for unemployment benefits was down from 324,000 the previous week, the Labor Department said. Economists had projected claims to increase to 330,000. The four-week average fell by 6,250 last week to 330,500. PHOTOS: Federal Reserve chairs through the years Claims have been volatile this winter since falling to near a six-year low in late November as severe weather has forced some businesses to temporarily close.
February 4, 2014 | By Michael Hiltzik
The Congressional Budget Office is out with its latest report on the Affordable Care Act , and here are a few bottom lines: - The ACA is cheaper than it expected. - It will "markedly increase" the number of Americans with health insurance. - The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury.  Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer ?
February 24, 1993 | ADELA de la TORRE, Adela de la Torre is chair of the department of Chicano and Latino studies at Cal State Long Beach.
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.
June 19, 2013 | By Jim Puzzanghera
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.
May 23, 2013 | By Jim Puzzanghera
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.
August 2, 2013 | By Jim Puzzanghera
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.
October 5, 2012
Stocks are opening mostly higher on Wall Street following an encouraging report on the labor market and better sales from retail chains. The Dow Jones industrial average rose 35 points to 13,530 shortly after the opening bell Thursday. The Standard & Poor's 500 index rose four points to 1,454 and the Nasdaq composite edged down one point to 3,134. The number of Americans seeking unemployment benefits rose to 367,000 last week, fewer than economists had been expecting. The yield on the benchmark 10-year Treasury note rose to 1.64 percent from 1.62 percent late Wednesday.
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