BUSINESS
May 10, 2012 | Paul Wiseman, AP Economics Writer
The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the previous week, evidence hiring could pick up this month. Weekly applications dropped 1,000 to a seasonally adjusted 367,000 in the week ending May 5, the Labor Department said Thursday. The previous week's figure was revised up slightly. The four-week average, a less volatile measure, fell 5,250 to 379,000. Applications are a measure of the pace of layoffs.
NEWS
May 6, 2012 | Tracie Cone, Associated Press
With her anti-poverty budget stretched beyond its limits, Brenda Callahan-Johnson is braced for next Saturday: the day California's chronically unemployed will be cut off from the nation's jobless benefits. A drop in the state's unemployment rate to 11 percent — its lowest mark in three years — is triggering the federal cutoff of emergency, long-term unemployment pay to at least 93,000 Californians. But in the state's agricultural heartland, where Callahan-Johnson runs the Merced County Community Action Agency, a jobless rate of more than 20...
BUSINESS
April 20, 2012
WASHINGTON - The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The plan is a key feature of a payroll tax cut package that President Obama negotiated with congressional Republicans in February. The Labor Department will open the application process for 10 model projects across the country. Any state can apply for the Bridge to Work program. The plan is modeled after a Georgia program in which workers who have lost jobs can be...
NEWS
April 16, 2012 | By Callum Borchers
Mitt Romney last week declared his belief that "all moms are working moms," but he insisted as recently as January that women on welfare need to get jobs, even if they have young children. Romney defended his wife, Ann, a stay-at-home mother, on Friday after Democratic strategist Hilary Rosen said earlier in the week that Ann Romney is unqualified to speak for women's economic concerns because she "has actually never worked a day in her life. " Romney, himself, has said the "all moms are working moms" argument does not apply to mothers who accept welfare assistance.
BUSINESS
April 13, 2012 | By Martin Crutsinger and Paul Wiseman
WASHINGTON - The outlook for US economic growth is looking slightly better. American businesses sold a record number of goods and services in Europe, China, and other foreign markets in February, while imports declined. Many economists began raising their forecasts for January-March growth after seeing Thursday's government report on the lowest trade deficit since the fall. And the jump in exports helped drive stocks higher for a second straight day. The Dow Jones industrial average rose more than 160 points, while broader indexes also increased.
BUSINESS
March 29, 2012 | Christopher S. Rugaber, AP Economics Writer
The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening. Applications for weekly unemployment benefits fell by 5,000 to a seasonally adjusted 359,000, the Labor Department said Thursday. That's the fewest applicants since April 2008. The four-week average, a less volatile measure, declined to 365,000 — the fewest for that measure since May 2008. When unemployment benefit applications drop consistently below 375,000, it usually...