The U.S. unemployment rate in July was 7.4 percent, the Bureau of Labor Statistics reported, down 0.1 percent from the month before. A separate survey reported businesses claimed to create a net of 162,000 new jobs last month.
The president framed the economic tasks ahead of the country as one of fixing structural problems that go well beyond the current financial crisis.
At the current slow rate of economic recovery, it will take until 2020 to close the gap in the labor market, says a top economist.
NEW HAVEN, Conn. - A ribbon-cutting ceremony with Gov. Dannel Malloy and workers who are now employed through the new "jobs pipeline" program, marked the official opening of New Haven Works.
A major milestone was passed April 16 in the long struggle to win jobs for local workers in redevelopment of the Oakland Army Base.
What is happening in Michigan "is a threat to everyone in this nation," said Al Sharpton. "If you get away with it in Detroit, you can get away with it all over the nation."
The 2007-08 financial crisis, spurred by Wall Street's "casino capitalism," still threatens pension plans that affect 10 million workers.
WASHINGTON - For seven years, Carolle Fleurio has been a cook at a family restaurant in Stockbridge, Ga., and even though she enjoys the job, she told a Senate panel here, it's tough to raise a family on $8 an hour.
A new coalition has formed to uphold the California Environmental Quality Act against business-backed attempts to weaken the state's landmark 1970 environmental safety law.
For two years, we have had continual crises with debt ceilings, budget resolutions, and really big scary numbers.