labor department

The Financial Landscape: Moody's Mulls Debt Ceiling

Looks like rough sailing ahead: Moody's warned the GOP that its game of chicken with the debt ceiling risked a downgrade of U.S. debt, and the Labor Department said May hiring took a dive. But there are some things investors can look forward to: a Groupon IPO, and the government selling its last shares of Chrysler.

U.S. Unemployment Falls in 39 States in April

The unemployment rate fell last month in more 39 states, evidence that companies are feeling more confident about the U.S. economy. Nationally, businesses have added more than 250,000 jobs per month, on average, in the past three months -- their fastest hiring spree in five years.

What's the Real Unemployment Number?

Last week, jobs went up by a hair, but somehow, unemployment plummeted by a lot. What gives? The answer lies in the quirky way the Bureau of Labor Statistics decides who gets counted as part of the work force, who gets counted as officially unemployed, and who gets left out of the picture.

With Job Openings Falling, Trouble Could Be Coming

Two sets of labor statistics data, released this week, point to a divergence between the job-openings rate and the total number of employees on nonfarm payrolls. And that divergence may well serve as a leading indicator for the labor market as a whole.

Another Strong Showing for Private Sector Jobs

Private employers added 187,000 jobs in January, ADP announced Wednesday, 47,000 more then economists had predicted. That marks the fourth straight month of significant job gains -- a trend that suggests the U.S. labor market is recovering.

Initial Jobless Claims Resume Their Downtrend

The latest jobless claims show how volatile the weekly data can be. The previous week's seasonally adjusted increase of 28,000 was followed by the latest week's drop of 17,000 to 421,000, much better than expected. Continuing claims also tumbled.

Jobless Claims Rise More Than Expected

Initial jobless claims rose 26,000 to 436,000 last week. The four-week moving average, a clearer measure of unemployment trends, fell 5,750 to 431,0000, Reuters said.

New Jobless Claims Drop, Approach Key Level

There was excellent news on the labor front this week as the government reported that initial jobless claims plunged 34,000 to 407,000. Jobless claims are now nearing a key threshold that would suggest commercial activity is increasing at a pace that would prompt more companies to resume hiring.

The Labor Department's Unprecedented Battle With Massey

For the first time ever, federal regulators are asking a judge for an injunction ordering a U.S. mine to close until safety hazards are fixed. Among the provisions the Labor Department injunction asks for is continued pay for the idled miners.

Initial Jobless Claims Higher Than Expected

In another setback on the employment front, initial jobless claims jumped a larger than anticipated 20,000 to 457,000, the Labor Department announced Thursday. Economists surveyed by Bloomberg had predicted initial jobless claims would total 443,000.

Used Car Prices Fall for First Time Since 'Cash for Clunkers'

Even as overall costs for consumer goods rose 0.1% in September, prices for used cars fell 0.7% during the month, according to data released Friday by the Labor Department. It was the first used car price drop recorded since just before the federal government's "cash for clunkers" rebate program began in July 2009

Initial Jobless Claims Unexpectedly Rise 13,000 to 462,000

Just call this week%u2019s labor report a wash: Initial jobless claims unexpectedly jumped 13,000 to 462,000, but continuing claims plunged another 112,000, and the trend in state-level claims continues to provide evidence that the period of layoffs is subsiding.

Mild Producer Price Hikes Ease Deflation Concerns

Producer prices rose a higher-than-expected 0.4% in September, but the core rate rose just 0.1%, the Labor Department said. The price increases point to a low-inflation environment, easing concerns that the world%u2019s largest economy will lapse into a dangerous deflationary spiral.

Hopes Rise as Weekly Jobless Claims Fall

Initial jobless claims dipped more than expected to 450,000 last week, while continuing claims plunged 84,000 to 4.49 million, signaling another week of modest progress on the labor front. Economists and policy makers hope that after a rise boosted in part by seasonal, summer layoffs, jobless claims, which have decreased about 11% since early summer, will keep trending lower this fall.

Jobless Claims Fall to Two-Month Low

Initial jobless claims fell 3,000 to 450,000 in the week ending Sept. 11. The revised figure for the previous week was 453,000 The four-week moving average, a clearer measure of unemployment trends, fell 13,500 to 464,750 the Department of Labor said. The revised average for the previous week was 478,250.

More Signs of an Improving Job Market

A fresh batch of data show that the job market may finally have turned the corner despite last month's uptick in the national unemployment rate to 9.6%. Among them: Fewer initial claims for unemployment and a smallest monthly layoff total since June 2000.

Jobless Claims Drop Sharply 27,500, to 451,000

Initial jobless claims fell 27,000 to 451,000 in the week ending Sept. 4. The revised figure for the previous week was 478,000. The four-week moving average, a clearer measure of unemployment trends, fell 9,250 to 477,750, the Department of Labor said. The revised average for the previous week was 487,000.

Legal Briefing: A Roundup of Labor-Related News

Labor Day isn't just about rounding out the summer season with a nice three-day weekend, of course. It's a "national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country", notes the Labor Department, and has been a national holiday for over 100 years. In that vein, here's a roundup of recent labor-oriented legal news:

More Jobs Added Than Expected in August

The U.S. economy lost only 54,000 jobs in August -- less than had been expected -- while the private sector added a greater than predicted 67,000 jobs. Meanwhile, job loss totals for June and July were revised substantially downward.

Initial Jobless Claims Rise to Highest Since November

Initial jobless claims rose 12,000 to 500,000 in the week ending Aug. 14. The revised figure for the previous week was 488,000. The four-week moving average, a clearer measure of unemployment trends, rose 8,000 to 482,500, the Department of Labor said in a statement. The revised average for the previous week was 474,500.

Initial Jobless Claims Unexpectedly Rise to 484,000

Initial jobless claims rose 2,000 to 484,000 in the week ending Aug.7. The revised figure for the previous week was 482,000. The four-week moving average, a clearer measure of unemployment trends, rose 14,250 to 473,500. The revised average for the previous week was 459,250, the Department of Labor said in a statement.

GDP Growth Weaker in the Second Quarter

The U.S. economy down-shifted in the second quarter as it grew a tepid 2.4%: too slow a pace to reduce unemployment and boost sales. However, that disappointing stat was offset somewhat by an upward revision of first-quarter GDP growth to 3.7% from the previously-estimated 2.7%.

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.

What If Unemployment Is Really 22%?

Private pollsters and economists are piling up statistics showing the government's official jobless rate is becoming more and more of a fiction. And that's not helping solve the problem that's No. 1 for most Americans.