unemployment
The gains are tempered by a rise in the unemployment rate to 9%, up from 8.8%. The nation's jobs recovery is proving rockier than expected, and New Jersey is showing itself to be especially fickle, according to new unemployment claims figures released yesterday. The state's depressed housing market won't see a dramatic reversal of fortune this year and unemployment will continue to remain stubbornly high for several more years, a trio of Arizona State University economists agreed Thursday. Renewed worries about the health of the job market are driving stocks lower after the government reported an unexpected jump in unemployment claims. But the unemployment rate rose to 9 percent in part because some people resumed looking for work. Businesses claim they added 244000 jobs in April, but workers say they lost 190000, pushing the unemployment rate up to 9%, from 8.8%. The unemployment rate for April rose to 9.0% from the previous month’s 8.8%. American businesses and workers are still not seeing eye to eye on the job market. The jobs recovery picked up speed in April, as business payrolls swelled and the unemployment rate rose as more people returned to the workforce. The economy added 244,000 jobs in April but the unemployment rate skipped from 8.8% to 9%. What gives? The number of jobs added comes from a survey of establishment payrolls. The April jobs report showed 244,000 job gains, âsurprisingly strongâ numbers according to the Kansas City Star. The employment picture for veterans improved in April â a sign that efforts to encourage employers to hire veterans may be working â but jobs seem to remain elusive for young, male combat veterans. The number of people applying for unemployment benefits surged last week to the highest level in eight months, a troubling sign a day ahead of the government’s report on April employment. The Labor Department released its monthly unemployment report this morning. The Government says it is pleased with a drop in unemployment but Labour and unions say a less than one percentage point decrease is nothing to crow about. At first blush, a rise in the unemployment rate sounds like bad news. Fewer people likely applied for unemployment benefits last week, partly reversing large gains in two out of the past three weeks.
Economy adds jobs for a third straight month – Los Angeles Times
Los Angeles Times
The gains are tempered by a rise in the unemployment rate to 9%, up from 8.8%. Lockheed Martin military relations manager Dave Wallace, left, shakes hands with Joe Archatowski at a job fair in Cherry Hill, NJ, aimed at helping military and former …
Analysis: Jobs matter, unemployment rate doesn't
US Economy Adds Jobs, but Unemployment Rate Rises
Behind the Unemployment Number
NJ unemployment claims rise most in the nation – The Star-Ledger – NJ.com
The Star-Ledger – NJ.com
The nation's jobs recovery is proving rockier than expected, and New Jersey is showing itself to be especially fickle, according to new unemployment claims figures released yesterday. Nationally, new jobless claims surged to an eight-month high last …
Sector Snap: Energy producers sink on jobs report
Applications for unemployment benefits hit 8-month high
Applications surge for jobless benefits
Kan. gov. not upset by impasse on unions bill – BusinessWeek
BusinessWeek
Republicans in the Kansas House threatened Thursday to block an important unemployment bill favored by business leaders and GOP Gov. Sam Brownback's administration unless the measure also prohibits labor unions from financing political …
ASU economists predict continued slow recovery – Forbes
Forbes
The state's depressed housing market won't see a dramatic reversal of fortune this year and unemployment will continue to remain stubbornly high for several more years, a trio of Arizona State University economists agreed Thursday. …
Two more years until economy rebounds
Stocks slide after unemployment claims jump – BusinessWeek
BusinessWeek
Renewed worries about the health of the job market are driving stocks lower after the government reported an unexpected jump in unemployment claims. The Labor Department said that first-time claims for unemployment benefits rose last …
Update on the latest in business:
Unemployments Rates Jump, Affecting Stocks and Oil Prices
Commodities fall puts financial markets on edge
U.S. adds jobs, but unemployment up to 9 percent – Salon
Salon
But the unemployment rate rose to 9 percent in part because some people resumed looking for work. The Labor Department says the economy added 244000 jobs last month. Private employers shrugged off high gas prices and created 268000 jobs — the most …
Businesses hire, but unemployment rises?! – CNN
CNN
Businesses claim they added 244000 jobs in April, but workers say they lost 190000, pushing the unemployment rate up to 9%, from 8.8%. "We're still in this zone where we don't have these two surveys agreeing," said Heidi Shierholz, economist for the …
Do Good Jobs Numbers Equal a Good Economy?
Unemployment and the Market: A 62-Year Perspective – Seekingalpha.com
Businesses hire, but unemployment rises?! – CNN Money
Unemployment Rate Ticks Up To 9% – WFMZ-TV Online
Why Did the Unemployment Rate Rise? – Wall Street Journal
April Unemployment Back Up to 9%; 27th Month Above 8% – News Busters
April unemployment data is mixed news for vets – Marine Corp Times
Employment +244,000, but unemployment rises to 9% – RedState
Unemployment applications hit 8-month high
Unemployment Rose to 9.0% in April Despite 244,000 New Jobs
Unemployment figures flat-lining
Behind the Unemployment Number
Businesses hire, but unemployment rises?!
Companies hire, but unemployment rises?!
Ahead of the Bell: Unemployment benefits
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