Blog
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Jaws Drop Over December Jobs Report
A pretty dismal number on today's jobs report: Just 74,000 jobs were created in December, the smallest monthly increase in three years; economists had expected 200,000. And while the unemployment rate fell to 6.7% from 7.0%, it was "for all the wrong reasons," writes Steven Russolillo... Go to Source Author: Evann Gastaldo
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Jobless Bill Clears Key Senate Vote in Squeaker
A bill to revive extended unemployment benefits squeaked through its first procedural vote 60-37, a narrow win that outlets including Politico are characterizing as a surprise. Six moderate Republican senators voted with Democrats to renew the recently expired benefits: Kelly Ayotte, Susan Collins, Dan Coats, Dean Heller, Lisa Murkowski, and... Go to Source Author: Kevin Spak
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Dems Raising a Ruckus Over Jobless Benefits
President Obama plans to climb the bully pulpit this week and hammer Congress—but really, just congressional Republicans—for failing to extend long-term unemployment benefits. The White House has concocted a plan to keep the issue in the news on a daily basis, Politico reports. Tomorrow, Obama will invite a... Go to Source Author: Kevin Spak
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Unemployment Down to 7%
Today's jobs report beat expectations, with 203,000 new jobs added in November and the unemployment rate sliding to 7.0%. Economists had expected 180,000 new jobs and an unemployment rate of 7.2%, down from October's 7.3%, the Wall Street Journal reports. The unemployment rate is at... Go to Source Author: Evann Gastaldo
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For 2M Jobless, Benefits Set to Dry Up
Some 1.3 million Americans could lose their unemployment benefits at the end of the year, with another 850,000 seeing benefits expire in March 2014 if Congress doesn't extend an emergency plan that ends Dec. 31. And though congressional Democrats and the White House are urging an extension, it's... Go to Source Author: Matt Cantor
