U.S. industry added 242,000 jobs in February—but the major gains were in low-wage industries, and average hourly earnings dropped 3 cents. And unemployment rates remained far higher for minorities than for whites.
No doubt aiming to show voters that she's in touch with the struggles and hopes of everyday Americans, Hillary Clinton unleashed a folksy first campaign spot Sunday to coincide with her announcement that she's officially running for president in 2016.No doubt aiming to show voters that she’s in touch with the struggles and hopes of everyday Americans, Hillary Clinton unleashed a folksy first campaign spot Sunday to coincide with her announcement that she’s officially running for president in 2016.
New federal statistics show a jobs market still far below pre-recession levels, despite record profits by corporations sitting on record levels of cash. What does it all mean? People want to work, but companies don't want to hire.
For the third month in a row, figures coming in from the Department of Labor signal a stronger recovery in the employment market than the country has seen in years. President Obama gets a boost from the good news, but is there any way to read these numbers differently?
On Wednesday, newly released minutes from the Federal Reserve's late-January meeting reflected a more optimistic stance vis-à-vis the next phase of the U.S. economy, but unfortunately, the slightly brighter outlook didn't extend to the Fed's take on the job market.
President Obama laid out what he believes his administration has been doing to deal with the employment crisis in America thus far and hinted at forthcoming developments in his plan to create more jobs. During a press conference Thursday he tried to take some of the heat off his administration by stating, "Ultimately, true economic recovery is only going to come from the private sector."