October 23, 2009 |
More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover. Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17, from a revised 520,000 the prior week that were the fewest in nine months, the Labor Department said. The number of people collecting benefits fell, while those receiving extended benefits increased.
June 13, 2013 |
WASHINGTON -- New jobless claims dropped more than expected last week, nearing a five-year low and continuing a downward trend this month that bodes well for the labor market. There were 334,000 people who applied for unemployment benefits for the first time in the week ending Saturday, down 12,000 from the previous week, the Labor Department reported Thursday. It was the second significant weekly drop. Analysts had expected claims to hold steady at 346,000 last week. QUIZ: How much do you know about the federal budget cuts?
September 20, 2013 |
In what can best be described as tepid, California's jobs report Friday showed the state added 29,100 net payroll jobs even as the unemployment rate ticked up to 8.9% from 8.7% the month before. Figures from the state's Employment Development Department show that California's year-over-year payroll job growth slowed to 1.5%. Earlier this year, that rate was hovering around 2%. Economists say California has lost steam partly because of the ongoing recession in Europe, the economic slowdown in China and sluggishness in the retail sector.
June 25, 2013 |
WASHINGTON -- Americans are more optimistic about the economy than they have been since the Great Recession began, the Conference Board said Tuesday. The group's Consumer Confidence Index unexpectedly jumped to 81.4 this month, up sharply from 74.3 in May. It was the third straight monthly increase, though the figures were compiled before the recent stock market sell-off. Analysts had expected confidence to rise only slightly this month. The other leading gauge, from Thompson Reuters and the University of Michigan, hit a five-year high in May, but its preliminary reading for June dipped a bit. QUIZ: How much do you know about the federal budget cuts?
September 18, 2013 |
WASHINGTON -- Despite improvement in the labor market over the last year, central bank policymakers were not confident enough yet that the economy could handle a reduction in a key stimulus program to move ahead with a pullback this month, Federal Reserve Chairman Ben S. Bernanke said Wednesday. "Conditions in the job market today still are far from what all of us would like to see," Bernanke said at a news conference after the policy-setting Federal Open Market Committee voted to continue its bond-buying program at the same pace.
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.
CALIFORNIA | LOCAL
January 16, 2014 |
For Americans who haven't been to college, alternative credentials such as professional licenses or educational certificates offer an edge in earnings, a new U.S. Census Bureau report shows. But Latinos lag behind other Americans in getting such licenses and certificates, a worrisome sign for educators and advocates who see the training as a ladder to better jobs with better wages. In its first report ever made on alternative educational credentials, the census bureau found that 1 out of 4 Americans holds some kind of educational credential or professional license other than an academic degree, including about 11.2 million people with no college education.