The U.S. unemployment rate dropped 0.1 percent from August to September, to 7.2 percent, the BLS said. The partial federal shutdown/lockout sent all of the BLS staff home in the first two weeks of October and delayed release of the results.
President Obama has nominated Janet Yellen, Federal Reserve vice chair, to run the Federal Reserve, the most important central bank in the world.
The Jackson Hole conference attended by many of the world's top economists, central bankers and policy makers revealed divisions over current Fed stimulus policy.
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.
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 Florida civil rights group's legal complaint has led the U.S. Labor Department to toss yet another GOP scheme to deny workers jobless benefits, by imposing a qualification test so tough that many workers can't pass it.
The 2007-08 financial crisis, spurred by Wall Street's "casino capitalism," still threatens pension plans that affect 10 million workers.
During the last 20 years of the Giuliani and then Bloomberg administrations, the living standards of the 99 percent have steadily declined, while the wealth of the 1 percent has risen.
I sat for two hours copying word for word the reports of the gunshot wounds that ultimately killed 26 people in Newark. Most of them died from gunshot wounds in the back.