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Dept labor News

Monthly Jobless Figures Reveal Only Part of Problem

For the second consecutive month the nation’s economy shed half a million jobs. Still, as bad as the numbers for December were, and are, they only tell part of the story of what is occurring in the nation.

More Than 500,000 Jobs Vanish in November

What was expected to be a bad unemployment report for November was indeed horrific. The Bureau of Labor Statistics (BLS) released its monthly Employment Situation Summary this morning and reported employment fell by 533,000 jobs last month.

October Employment Numbers Spell Disaster

The Bureau of Labor Statistics released the October Employment Situation Summary and the numbers paint a frightening picture of the American economy. Last month the economy shed 240,000 jobs and unemployment rate rose from 6.1 percent to 6.5 percent.

Five Year High in Monthly Job Loss

On a day when all eyes were focused on Capitol Hill and Congress as the House of Representatives took up President Bush’s revamped, pork-laden mortgage bailout proposal, more bad news on the state of the nation’s economy was revealed by the government
 

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