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WASHINGTON – The job market for new college graduates is brightening but remains weaker than before the Great Recession began.

The Labor Department reports that the unemployment rate for 2013 college graduates — defined as those ages 20 to 29 who earned a four-year or advanced degree — was 10.9 percent. That was down from 13.3 percent in 2012 and was the lowest rate since 7.7 percent in 2007.

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Published in US NEWS

WASHINGTON – More than two-thirds of the states reported job gains in March, as hiring improves for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.

The Labor Department says unemployment rates dropped in 21 states, rose in 17 and was unchanged in the remaining 12. Meanwhile, hiring increased in 34 states and fell in 16.

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The unemployment rate varies from as low as 2.6 percent in North Dakota to as much as 8.7 percent in Rhode Island.

Published in US NEWS

|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
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