U.S. Labor Department

The U.S. economy unexpectedly lost 85,000 jobs in December. The unemployment rate held steady at 10%, although a broader measure of unemployed increased to 17.3%, the Labor Department announced Friday.

More progress in the long journey back to economic health. The U.S. economy lost 'only' 345,000 jobs in May, the U.S. Labor Department announced Friday, with the nation's unemployment rate rising to 9.4 percent, the highest rate since 1982. But the job loss total was considerably less than expected...

Just look at it as the glass being half full. The U.S. economy lost 539,000 jobs in April, the U.S. Labor Department announced Friday, with the nation's unemployment rate rising to 8.9 percent, the highest rate since 1982. But the job loss total was considerably less than expected, suggesting...

Has the U.S. recession bottomed? Perhaps. The U.S. economy lost 539,000 jobs in April, the U.S. Labor Department announced Friday, with the nation's unemployment rate rising to 8.9 percent, but the job loss total was considerably less than expected, suggesting lay-offs may have peaked. A Bloomberg...

Say one thing about the nation's pronounced recession: worker productivity has not disappeared. U.S. Q1 worker productivity unexpectedly rose at a 0.3 percent annualized rate and unit labor costs rose at a 3.3 percent rate, the U.S. Labor Department announced Thursday, as companies continued to...

Are U.S. initial jobless claims peaking -- suggesting the recession is reaching a bottom? They may very well be. Initial jobless claims fell 14,000 to 631,000, their lowest level in about a month, the U.S. Labor Department announced Thursday. Economists surveyed by Bloomberg News had expected...

In the U.S. job market, the record setting numbers just keep coming, but these are milestones that mployees, investors and executives don't want to see. Continuing claims rose 93,000 to an all time high of 6.14 million, the U.S. Labor Department announced Thursday, as more Americans found it hard...

The song remains the same in the nation's labor market. Continuing claims surged 172,000 to a record 6.02 million, the U.S. Labor Department announced Thursday, as more Americans found it hard to find comparable employment amid the nation's worst recession since 1981-82. Meanwhile, initial jobless...

We're two for two regarding inflation control. On Tuesday, March producer prices came in well below expectations at -1.2 percent. And now March consumer prices show little sign of inflation, as prices at the retail level fell 0.1 percent, the U.S. Labor Department announced Wednesday. Equally...

It looks like tomorrow could very well be yet another episode of As the U.S. Economy Turns, as traders await the March 2009 jobs report, to be released by the U.S. Labor Department at 8:30 a.m. EDT. Hopefully, it won't become another down-goes-the-Dow day, though analysts and economists haven't...