LONDON AFP — The European single currency jumped close to 1.57 dollars on Friday as traders digested news that the US unemployment rate soared to 5.5 percent in May. In afternoon European trading, the euro raced as high as 1.5699 dollars. It later stood at 1.5678, up from 1.5590...
WASHINGTON AFP — US unemployment in May unexpectedly surged by the strongest increase in 22 years, Labor Department data showed Friday, raising warning flags that the economy is headed in the wrong direction. A shock half-point jump in the unemployment rate to 5.5 percent from 5.0 percent in April...
To: STATE EDITORS Contact: Troy Thompson of Pennsylvania Department of Labor & Industry, +1-717-787-7530 HARRISBURG, Pa., Feb. 28 /PRNewswire-USNewswire/--Pennsylvanias seasonally adjusted civilian labor force -- the number of people working or looking for work -- rose by 71,000 residents in January to a record-high 6,361,000. Resident employment was up...
To: POLITICAL EDITORSContact: David James of the U.S. Department of Labor, +1-202-693- 4676 WASHINGTON, Feb. 2 /PRNewswire-USNewswire/ -- U.S. Secretary of Labor Elaine L. Chao issued the following statement on the January employment situation released today: "Today's report shows payroll employment at 137.3 million, which is about one million...
To: LABOR EDITORSContact: Mike Biddle of the U.S. Department of Labor, +1-202-693- 5051WASHINGTON, Jan. 12 /PRNewswire-USNewswire/ -- The unemployment rate forveterans ages 20-24 fell to 10.4 percent in 2006 from 15.6 percent in theprevious year, according to data released last week by the U.S. Department ofLabor's Bureau of Labor Statistics....
IN THE REGION Pa. among states with biggest jump in employment Pennsylvania was among five states that recorded the largest increases in employment in November, according to a report from the U.S. Labor Department. About 8,700 people were added to the commonwealth's payrolls. Even with that, Pennsylvania was also among...
THE U.S. ADDED 92,000 JOBS in October, the Labor Department says, also revising August's numbers upward from 188,000 to 230,000 and September from 51,000 to 148,000. The unemployment rate fell in October to 4.4%, its lowest since May 2001. The majority of new jobs...
Pennsylvania's unemployment rate fell three-tenths of a percentage point in October to 4.3 percent, the state Department of Labor and Industry said. It was the state's lowest jobless rate since February 2001 and also was lower than the national rate of 4.4 percent in October. The number of state residents...
U.S. companies added 92,000 workers in October, pushing the unemployment rate to a five-year low of 4.4%, the Labor Department said Nov. 3. The rate followed September's 4.6% rate.In other economic news:* Import prices fell 2% in October, Labor said. The drop followed a 2% gain in September and was...
Bloomberg NewsThe U.S. economy added 75,000 jobs in May, following a revised 126,000 April increase that was lower than the government initially reported. Labor Department figures showed.Labor also said the unemployment rate fell to 4.6% last month from 4.7%, but wage growth slowed, suggesting employers were wary of stepping up...
Ever since the Federal-State unemployment insurance UI system was implemented following the enactment of the Social Security Act in 1935, the reemployment of claimants has been an important emphasis of the program. This article examines whether UI requirements pertaining to job searches and UI mechanisms connecting claimants with reemployment services...
As spring heats up, consumers continue to exhibit an upbeat attitude. The Consumer Confidence Index leaped from a revised 107.5 reading in March to 109.6 in April. "Recent improvements in the labor market have been a major driver behind the rise in confidence in early 2006," said Lynn Franco, director...
BATON ROUGE - The New Orleans metropolitan statistical area added 5,100 non-farm jobs in March from 420,100 to 425,200, the Louisiana Department of Labor reported today.There were 613,100 non-farm jobs in the New Orleans area in March 2005.The city unemployment rate increased from 5.9 percent to 6.1 percent with 26,197...
WASHINGTON, Jan. 6 /U.S. Newswire/ -- House Speaker Dennis Hastert (R-Ill.) released the following statement in response to the Labor Department's report on Friday showing that 108,000 jobs were created in December. The unemployment rate fell to 4.9 percent. "This is just what we needed to cap a year of...
M2 PRESSWIRE-23 December 2005-Axcess News: US jobless claims fall by 13,000 Initial claims last weekC1994-2005 M2 COMMUNICATIONS LTD RDATE:23122005 New York - The US Department of Labor reported that 13,000 fewer US workers were unemployed for the week ending Dec. 17. Seasonally...
WASHINGTON, Oct. 7 /U.S. Newswire/ -- House Speaker Dennis Hastert (R-Ill.) made the following statement today after the Department of Labor released its September unemployment report showing that in September the nation lost 35,000 jobs in the aftermath of Hurricanes Katrina and Rita. It was the first payroll decline since...
WASHINGTON AFP — US unemployment claims in the week that ended October 1 rose 21,000 to 390,000, with Hurricanes Katrina and Rita still having an impact, the Labor Department said. The consensus forecast of Wall Street economists was for 350,000 claims. Claims in the previous week were revised...
WASHINGTON, July 21 /U.S. Newswire/ -- House Speaker Dennis Hastert (R-Ill.) today issued the following statement after the Department of Labor released its latest weekly report on Initial Jobless Claims, which showed a 34,000 decrease. It was the largest decline since December 2002. "Our nation's strong, growing economy continues to...
WASHINGTON AFP — The US economy created just 78,000 more jobs in May, the smallest rise since August 2003, the government said in the closely watched non-farms payroll report. Last month, the Labor Department report showed an unemployment rate of 5.1 percent, down from 5.2 percent in April and...
The number of jobless Americans held steady at 5.2 percent in April. Still, that's lower than the same month last year, when the unemployment rate was 5.5 percent. Comparing March and April 2005 rates, things remained relatively stable for Caucasians (4.4 percent), African-Americans (10.4 percent) and Asians (3.9 percent, not...
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