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Wednesday, December 13, 2017
labor market

August’s Weak Job Growth Appears To Be Anomaly, Economists say

By Jim Puzzanghera, Los Angeles Times The disappointing 142,000 net new jobs added to the economy in August — the second straight month of slower growth — appears to be an anomaly and is not reason to panic that the recovery is faltering once again, economists said. Although the Labor Department figures released Friday were […]

September 5, 2014

U.S. Producer Prices Creep Up In July

Washington (AFP) — U.S. producer prices edged higher in July, with gains slowing sharply from the prior month, official data released Friday showed. The Labor Department said its producer price index rose 0.1 percent in July, after a 0.4 percent increase in June. Rises in services prices, primarily in transportation and warehousing, accounted for the […]

August 15, 2014

U.S. Jobless Claims Rise To 6-Week High

Washington (AFP) — Initial claims for U.S. unemployment insurance benefits rose to a six-week high last week but the overall trend continued to show a tightening labor market, government data showed Thursday. New jobless claims, a sign of the pace of layoffs, rose to 311,000 in the week ending August 9, up 21,000 from the […]

August 14, 2014

Small-Business Optimism Fades Despite Hiring Plans

By Jim Puzzanghera, Los Angeles Times WASHINGTON — Small-business owners were less optimistic about the economy last month despite reporting their most ambitious job creation plans since 2007, according to a private survey released Tuesday. The optimism index from the National Federation of Independent Business fell 1.6 points in June to 95, the first drop […]

July 8, 2014

Yellen: Slack U.S. Labor Market Still Needs Fed Support

By Paul Handley Washington (AFP) – Federal Reserve chief Janet Yellen argued Monday that the U.S. labor market remains slack and that Federal Reserve policy needs to stay focused on generating jobs. In the clearest delineation of her priorities since taking the helm of the central bank in February, Yellen said the steady fall in […]

April 1, 2014

Yellen: Slack U.S. Labor Market Still Needs Fed Support

Washington (AFP) – Federal Reserve Chair Janet Yellen said Monday that the U.S. economy still needs the Fed’s extraordinary support measures, noting that the falling jobless rate masks weaknesses in the jobs market. In a speech in Chicago highlighting slack in the labor market, Yellen said the economy remains “still considerably short” of the Fed’s […]

March 31, 2014
Obamacare, Republicans

CBO Director Explains Why The GOP’s Latest Anti-Obamacare Talking Point Is Bunk

Republicans have seized on a few sentences in a new Congressional Budget Office report that says that while the labor force will continue to grow over the next decade, there will be a reduction in the hours worked because of Obamacare: The reduction in CBO’s projections of hours worked represents a decline in the number of […]

February 4, 2014