Labor market News
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Washington -
New figures released by the US Department of Labor on Friday show just 18,000 jobs added in June, the smallest number in nine months, and the unemployment rate rose to 9.2 percent, putting another damper on any possibility of economic recovery.
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The good news is that US job losses were only 11,000 in November. The Bureau of Labor Statistics has also revised previous figures for September and October by effectively reinstating 148,000 jobs previously described as lost in a reevaluation.
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Labor market Headlines
 Italian premier Mario Monti's government on Friday approved a long-awaited package of labour reforms, refusing to bend to union opposition and insisting the new rules will create a more flexible and inclusive labor market.
 The American labour market had its best showing in five years in December, the U.S. Bureau of Labor Statistics reported Friday, creating a better-than-expected 200,000 jobs.
The head of the Federal Reserve says recent gains in the labor market might not last. Ben Bernanke told a meeting of economists that the Fed’s easy-money policies are still needed to keep the jobs recovery going. The downbeat comments run counter to recent thinking...
Stock market investors may be having a mini freak out over the lousy job numbers. Stock futures fell sharply this morning, reacting to Friday’s Labor Department employment report. The markets were closed on Good Friday when word came that only 120,000 new jobs were created...
Welcome to jobs week. The unemployment report from the Labor Department is usually the most closely watched set of monthly numbers. Most economists expect the February report will show that more than 200,000 jobs were added. Payrolls rose 243,000 in January, the most in nine...
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