BUSINESS
January 26, 2011 | By Alana Semuels, Los Angeles Times
Another sign that California's economic recovery is going slowly: The Golden State now boasts the second-highest unemployment rate in the nation. After months of ranking No. 3, California has swapped places with Michigan. California's 12.5% unemployment rate in December ranks only behind Nevada's 14.5% jobless rate, according to the latest rankings from the Bureau of Labor Statistics released Tuesday. Meanwhile, Michigan ended 2010 with a jobless rate of 11.7%. That's down from 14.5% in December 2009, when the industrial state was saddled with the worst unemployment in the country.
NATIONAL
January 16, 2010 | By Nicole Santa Cruz
The number of women who are their families' sole breadwinners has risen, as has the number of unemployed fathers, according to Census Bureau data released Friday. The trend has been accelerated by the recession, but what's unclear is whether the shift will continue, said Kristin Smith, a family demographer at the University of New Hampshire. "Whether this trend is short-lived or is lasting will depend on how the economy comes out of the recession," she said. If the male-dominated jobs in manufacturing and construction industries don't pick up, the nation could see a continued reliance on women as the only wage earners for families, Smith said.
BUSINESS
January 9, 2010 | By Don Lee and Peter Nicholas
The U.S. economy ended the worst year of employment losses since the Great Depression with an unexpectedly large drop of 85,000 jobs in December -- dimming hopes of a quick upswing in hiring and intensifying Washington's partisan fight over how to create more opportunities for workers. The unemployment rate for the month was unchanged from November at 10%, the government said Friday, but that was only because droves of people, including many discouraged about the prospects of finding work, dropped out of the labor force and were no longer counted as unemployed.
BUSINESS
January 1, 2010 | By Tiffany Hsu
The number of recently laid-off workers filing for unemployment benefits dropped unexpectedly last week to the lowest level since July 2008, sparking hope that the job market could be on the mend. Improved prospects for jobs could help spur consumer spending, a key factor for propelling an economy that has been struggling to pull itself out of the deep recession. New unemployment claims have been sliding steadily for months, but fell last week by 22,000 to a seasonally adjusted 432,000, according to data from the U.S. Labor Department.
BUSINESS
December 14, 2009 | By Don Lee
The unemployment rate dropped last month for men and women, blacks and whites, lifting hopes that the long dry spell in the jobs market may be coming to an end. But for recent college graduates and other young adults, the labor situation didn't just remain dire -- it got worse. For 20- to 24-year-olds, the jobless rate rose four-tenths of a percent to 16% in November, even as unemployment nationally slipped to 10% from 10.2%. And data from the Labor Department show that the unemployment figure for college graduates in that age group was 10.6% in the third quarter -- the highest since early 1983 and more than double the rate for older college-educated workers.
BUSINESS
December 5, 2009 | By Don Lee, Peter Nicholas and Tiffany Hsu
Reporting from Washington and Los Angeles -- After two long years of economic destruction that saw about 8 million American jobs disappear, the national payroll essentially stopped shrinking last month in an unexpected turn that raised hopes a labor market recovery might finally be at hand. Although most analysts had expected November's job losses to top 100,000, the Labor Department said Friday that employers shed just 11,000 jobs in November -- the smallest number lost since the recession began in December 2007.