Tag: US unemployment

Saturday, March 9th 2013 - 04:40 UTC
US jobs market picks up in February but budget dispute with Congress looms

Hiring in the US has gathered momentum after government figures showed that the economy created 236.000 jobs in February. The figure was much higher than analysts had expected, and more than the 157,000 jobs created in January.
Monday, January 7th 2013 - 13:52 UTC
Several Fed members fearing inflation want a cap to the bond-buying program

A number of senior figures at the Federal Reserve want the US central bank to stop or slow down its bond-buying program “well before the end of 2013”. December minutes of its interest rate-setting Federal Open Market Committee (FOMC) showed that “several” of its twelve members made the call.
Wednesday, December 12th 2012 - 20:35 UTC
“Soft” dollar until US unemployment rate falls below 6.5% says Fed

The US Federal Reserve has said it plans to keep interest rates at close to zero at least until the US unemployment rate falls below 6.5%. The Fed previously had a date-driven target, rather than a data-driven one.
Thursday, October 25th 2012 - 00:10 UTC
Fed pledges all efforts and policy tools to combat “elevated” unemployment

In its last meeting before the November 6 presidential election, the Federal Reserve confirmed its current fresh-money support program for the recovery of the US economy arguing that growth continues slowly and unemployment rate “remains elevated”.
Friday, October 5th 2012 - 22:51 UTC
Significant drop in US unemployment triggers controversy with former GE CEO

The US unemployment rate fell last month to its lowest rate since January 2009, figures from the Department of Labour have shown, surprising analysts who had been expecting a small rise.
Saturday, September 1st 2012 - 06:33 UTC
Bernanke’s speech sparks enthusiasm but also neutralizes expectations

Federal Reserve Chairman Ben Bernanke said on Friday progress in bringing down US unemployment was too slow and the central bank would act as needed to strengthen the economic recovery.
Friday, February 3rd 2012 - 18:33 UTC
US economy creating jobs at fastest pace in months: unemployment drops to 8.3%

The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.
Thursday, September 15th 2011 - 18:47 UTC
US unemployment benefit applications climb for second week running

The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labour market, data showed Thursday.
Monday, September 12th 2011 - 20:15 UTC
Obama calls on opposition not to play political games and approve jobs package

President Barack Obama called on Republicans not to play “political games” with his jobs plan as he pressed for swift passage of a 447 billion dollars package he hopes will revive the US economy and boost his re-election prospects.
Wednesday, September 7th 2011 - 11:29 UTC
Obama job-creating speech will announce a 300 billion dollars plan, says US media

US President Barack Obama will unveil a 300 billion dollars package to create new jobs in an address to Congress on Thursday, US media reports citing Democratic sources.