Unemployment Rate Hits 8.3% After Hiring Burst

Employers went on a hiring spree in January and drove down the unemployment rate for a fifth straight month to 8.3 percent, its lowest point in nearly three years. The result pointed to a resurgent job market, and it sent stock futures surging. The Dow Jones industrial average futures, which were flat before the report, jumped 95 points.

Unemployment Rate Falls to 8.5%, Hiring Surges

A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011. The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months.

Unemployment Rate Falls to Lowest Since March 2009

The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy. The Labor Department says the unemployment rate dropped sharply to 8.6 percent last month, down from 9 percent in October. The rate hasn't been that low since March 2009.

How to Recover from Long-Term Unemployment

Recovering financially after long-term unemployment isn't easy, but it's fairly straightforward: Pay off debts, rebuild savings, and adjust to your new income. Recovering emotionally is far more complicated -- it means retraining your brain and consciously shifting your perspective.

Out of Work Man Asks: Should I Pay Off My Mortgage?

Nicholas, 60, is a paralegal who has been jobless for more than a year, and is worried about the possibility of losing his home in rural Pennsylvania. If he depletes his savings and cashes out of a life insurance policy, he can pay off his mortgage. But is that the smartest move?

Holiday Hiring Takes a Hit, Despite a Brighter Economy

Retailers and shipping companies are adding fewer new jobs than they did a year ago. One reason for the low number is that employers began shopping for seasonal workers earlier than usual, boosting hiring in October. If retail sales hold up, December could see more hiring.

Jobless Claims Drop to a Three-Month Low

Initial jobless claims fell 21,000 to 434,000 in the week ending Oct. 23. The revised figure for the previous week was 455,000. The four-week moving average, a clearer measure of unemployment trends, fell 5,500 to 453,250, the Department of Labor said. The revised average for the previous week 458,750.

Initial Jobless Claims Rise 37,000 to 464,000

Initial jobless claims rose 37,000 to 464,0000 in the week ending July 17. The revised figure for the previous week was 427,000. The four-week moving average, a clearer measure of unemployment trends, rose 1,250 to 456,000. The revised average for the previous week was 454,750, the Department of Labor said in a statement.