Pennsylvania’s Unemployment Rate Falls As More Drop From Work Force

Pennsylvania’s unemployment rate fell to 7.3 percent in November from October’s 7.5 percent, the Department of Labor and Industry reported this morning.

The rate, which is seasonally-adjusted, fell mostly because people who were unemployed quit looking for work rather than because they found new jobs.

Read more: http://www.post-gazette.com/business/2013/12/20/Pennsylvania-s-unemployment-rate-falls-as-more-drop-from-work-force/stories/201312200143#ixzz2o2SV0sr4

U.S. Added Surprisingly Strong 204,000 Jobs In October

The U.S. added a surprising 204,000 jobs in October, meaning private-employer hiring much more than offset the effect on jobs from the 16-day government shutdown.

“Maybe the government should be shut down more often,” said Kenneth Mayland, economist at Clearview Economics, Pepper Pike, Ohio.

The Labor Department on Friday also revised September and August job gains by a combined 60,000.

The unemployment rate rose to 7.3 percent last month from 7.2 percent in September, said the agency.

Read more: http://triblive.com/news/adminpage/5031098-74/jobs-added-government#ixzz2k4vUYkAe 
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U.S. Economy Creates 195K Jobs In June

U.S. employers stepped up hiring in June, adding 195,000 jobs, above the median forecast in a Reuters poll, Labor Department data showed on Friday.

The unemployment rate held steady at 7.6 percent.

Economists were expecting 165,000 new jobs last month, according to a Reuters survey, slightly below the 175,000 positions created in May.  The government on Friday revised payrolls for April and May to show 70,000 more jobs created than previously reported.

The increase could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year.

Read more: http://www.chicagotribune.com/business/breaking/chi-june-jobs-report-20130705,0,1426956.story#ixzz2YCIf6SLc
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U.S. Employers Add 165,000 Jobs; Rate Falls To 7.5 Percent

WASHINGTON — U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated.  The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

The report today from the Labor Department was a reassuring sign that the U.S. job market is improving despite higher taxes and government spending cuts that took effect this year.

The government revised up its estimate of job gains in February and March by a combined 114,000.  It now says employers added 332,000 jobs in February and 138,000 in March.  The economy has created an average of 208,000 jobs a month from November through April — above the 138,000 added in the previous six months.

The number of unemployed fell 83,000 to 11.7 million.

Read more:  http://readingeagle.com/article.aspx?id=474934

U.S. Unemployment Rate Falls To 7.7 Percent

WASHINGTON — The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

The Labor Department‘s report today offered a mixed picture of the economy.

Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than it initially estimated.

And the unemployment rate fell to a four-year low in November from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.

Read more:  http://readingeagle.com/article.aspx?id=433757

Economy Adds 163,000 Jobs; Rate Ticks Up

WASHINGTON – U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.

The Labor Department said today that the unemployment rate rose to 8.3 percent from 8.2 percent in June.

July’s hiring was the best since February.  Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year’s pace.  That’s not enough to satisfy the 12.8 million Americans who are unemployed.

The government uses two surveys to measure employment.  A survey of businesses showed job gains.  The unemployment rate comes from a survey of households, which showed fewer people had jobs.  Economists say the business survey is more reliable.

Read more: http://readingeagle.com/article.aspx?id=405824

Gasoline Pushes Inflation Up In January

WASHINGTON (Reuters) – Gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.

Despite the warning signal, overall consumer prices rose just 0.2 percent, the Labor Department said on Friday, which is unlikely to ring alarm bells at the Federal Reserve.

Strong jobs and factory data have eased worries U.S. economic growth could slow sharply, but tensions between Western nations and Iran still threaten to hand the economy a repeat of 2011 when a spike in energy prices hit the recovery hard.

Read more: http://www.mcall.com/business/sns-rt-us-usa-economytre7bm0ab-20120103,0,2516876.story