The unemployment rate ended up at 6.7 percent in December, down from 7.9 percent at the end of 2012 and 0.3 percent but only because more than half a million people stopped looking for work altogether, leaving 12.3 million officially une3mployed..
"I was once the main breadwinner but now we are not really able to make ends meet."
WASHINGTON - The federal government shutdown for the first half of October, imposed by tea party Republicans who refused to fund the government unless they could kill the Affordable Care Act, pushed the nation's jobless rate up that month by 0.1percent to 7.3 percent, the Bureau of Labor Statistics reported.
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.