After two months of reporting weak job growth, the Bureau of Labor Statistics said Friday that, seasonally adjusted, 162,000 new private jobs were created in February. Government at all levels hired 13,000. The official unemployment rate—which BLS calls U3 and calculates in a separate survey—rose to 6.7 percent. The bureau revised its previously reported results… Continue reading Report – 175,000 Jobs Added in February
Tag: rate
More Jobs Created – Unemployment Rate Falls To 7.7 Percent
A surprisingly strong jobs report for February sparked renewed faith in the economic recovery despite looming federal spending cuts and the recent increase in payroll taxes and gasoline prices. Unemployment fell to 7.7 percent last month, from 7.9 percent in January. It was the lowest rate of joblessness since December 2008, when the financial crisis… Continue reading More Jobs Created – Unemployment Rate Falls To 7.7 Percent
Mitt Romney Admits His Tax Rate Is Probably 15 Percent
Ever wonder why Mitt Romney is so hesitant to do the right thing and release his tax returns? Well maybe the reason has something to do with his tax rate – a rate the Republican frontrunner admits is “probably” less than 15%. Meanwhile, middle class America pays a rate of 38%. GOP presidential front-runner Mitt… Continue reading Mitt Romney Admits His Tax Rate Is Probably 15 Percent
Unemployment Rate Falls To 8.5%
More news for the United States economy, as the national unemployment rate falls to 8.5%. Although the pace of job growth may not be as fast as many would like, any improvement is always a welcome sign that things are headed in a positive direction. The New York Times: The United States added a robust… Continue reading Unemployment Rate Falls To 8.5%
Unemployment Falls To 8.6% – Still, Republicans Cast Doubt About Recovery
Yay for America! It’s the news no one has heard over the last 2 and a half years – unemployment is at 8.6%. With all the anti-economy, anti-middle class antics of the Republican party, and their obvious efforts to make things worse for the American people, this is welcome news for all true patriots. Nonfarm payrolls… Continue reading Unemployment Falls To 8.6% – Still, Republicans Cast Doubt About Recovery