US unemployment News

Washington - While Washington is touting economic recovery as the political dish of the day, during March employers in government and private sectors were the busiest in a year conducting exit interviews for laid-off employees.

New York - Tuesday, JP Morgan bank announced plans to shed 4,000 jobs or 1.5 percent of its work force despite a return to profitability.

Crippled by a nationwide strike, on Friday the makers of Wonder Bread and Hostess Brands snack products that include iconic Twinkies cakes announced plans to permanently close its doors and lay off all of its 18,500 employees.

According to a recent Gallup poll both unemployment and underemployment has dropped since September with the unadjusted unemployment rate at its lowest point since January of 2010.

Washington - With a presidential election less than a month away, a Labor Department spokesman has admitted its report showing weekly unemployment applications the lowest in four years, is skewed downward.

Washington - Figures released today by the U.S. Bureau of Labor Statistics show that the economy created 104,000 new private sector jobs in September. The official unemployment rate fell to 7.8%.

Washington - A U.S. Labor Department report out Thursday showed an increase in jobless claims one day after the first presidential debate.

Charlotte - As large numbers of Democrats gather in Charlotte, two numbers will not likely receive mention during incumbent party speeches. They are $16 trillion and 8.3 percent.

Washington - The number of U.S. unemployment claims for last week increased more than most estimates in yet another sign that the economy has slowed during the weakest economic recovery since World War II.

New York - Stocks retreated Thursday after government reports showed an increase in unemployment benefit applications last week. Investors didn’t buy into a marginally positive housing report for July as stocks edged down.