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|CBSNews.com Executive Washington Editor Steve Chaggaris talks with RealClearPolitics Political Reporter Caitlin Huey-Burns about the GOP's opposition to extending unemployment benefits and how it could impact the 2014 elections.

Published in U.S. Politics

WASHINGTON – Few people responded to the March jobs report with high-fives and cheers. But there may be reasons to applaud in the months ahead.

Hiring in March was close to the economic recovery's steady but hardly explosive monthly average of the past two years: 192,000 added jobs. The unemployment rate remained 6.7 percent for a second straight month, according to the government's report Friday.

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That wasn't the blockbuster figure predicted by some economists, who figured hiring would take off in March after a winter when factory orders, home sales and auto buying were slowed by severe weather.

Published in US NEWS

WASHINGTON – U.S. employers added jobs at a solid pace in March in the latest sign that the economy is rebounding from a weak stretch brought on by a harsh winter.

The Labor Department says employers added 192,000 jobs, slightly below February's total of 197,000. Employers also added a combined 37,000 more jobs in February and January than previously estimated.

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The unemployment rate was unchanged at 6.7 percent. But a half-million Americans started looking for work last month, and most of them found jobs.

Published in US NEWS

WASHINGTON – Hiring went into a deep freeze this winter as harsh weather slowed the economy. A warmer March has raised a key question for Friday's monthly jobs report: Did hiring rebound in March along with the temperatures?

Most economists think it did.

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But some of the pickup in hiring will likely reflect a temporary bounce-back from the cold winter months. It may not be immediately clear how much of the job growth will endure.

Published in US NEWS

July 25, 2013: A job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in Philadelphia.

More American voters think the nation’s job situation is getting worse rather than better by a 48-39 percent margin according to the latest Fox News poll.

Last summer, that sentiment was reversed: more people said the job situation was getting better by a five percentage-point margin (44-39 percent in July 2013).

Published in US NEWS

WASHINGTON – The number of people seeking U.S. unemployment benefits fell 10,000 last week to a seasonally adjusted 311,000, the lowest since late November and a hopeful sign hiring could pick up.

The four-week average of applications, a less volatile measure, fell 9,500 to 317,750, the Labor Department said Thursday. That is the fourth straight drop and the lowest level in six months.

The sustained decline suggests companies are confident enough about future growth to keep their staffs.

Published in US NEWS

|House Minority Leader Nancy Pelosi, D-Calif., contrasts the bipartisan deal in the Senate on extending unemployment benefits with the continued opposition from House Republicans.

Published in U.S. Politics
BATON ROUGE, LA (AP) -

Louisiana labor officials say the state set a record in January with over 1.9 million people employed, which helped the unemployment rate drop to 4.9 percent.

According to seasonally adjusted data released Monday by the federal Bureau of Labor Statistics, the number of people employed in January was 25,787 higher than January 2013. Meanwhile, the number of unemployed was 102,476. That's 29,310 fewer people not working than a year earlier, according to a BLS survey of 750 households.

Published in Baton Rouge News

WASHINGTON – The prices companies receive for their goods and services fell slightly in February, the latest sign that inflation is tame.

The Labor Department says the producer price index, which measures price changes before they reach the consumer, dropped 0.1 percent in February. That's the first decline since November. A sharp fall in the price markups by wholesalers and retailers pushed down the index.

Wholesale food and energy prices increased, as did the cost of pharmaceuticals.

Published in US NEWS

WASHINGTON – The number of people seeking U.S. unemployment benefits dropped 9,000 last week to a seasonally adjusted 315,000, a sign the job market is picking up after a winter slump.

The Labor Department said Thursday that the four-week average of applications, a less volatile figure, decreased 6,250 to 330,500, the lowest since early December.

Applications are a rough proxy for layoffs. The declines indicate companies are confident enough about the economy to keep their staffs.

Published in US NEWS
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