Because the news should be objective, clear, and data-driven.
According to the Labor Department’s report, the private employers added 151,000 jobs to the American economy in October. This is after factoring in the 8,000 government job cuts.Still, hiring is weak and the unemployment rate remains at 9.6%.5th Nov, 2010. | U.S. Economy Lost 95,000 Jobs in September; Jobless Rate Steady at 9.6%
New York Times. 8th Oct 2010.
The unemployment rate remains at 9.6 percent as the US economy shed 95,000 nonfarm jobs in September according to the Labor Department's report on Oct 8th.
Though private companies added 64,000 jobs, the government cut 159,000 jobs. | The number of workers who filed new claims for unemployment insurance climbed by 25,000 to a seasonally adjusted 471,000 for the week ended May 15, the Labor Department said today. | Friday’s Employment Situation report showed that in March “total unemployment” including all marginally attached workers increased to 17.1% while the traditionally reported unemployment rate increased to 9.9%. | This week’s release of data on Initial Claims for Unemployment Insurance shows a small decline relative to the previous week. Claims fell by 7,000, and the four week average fell by 4,750. | Improving unemployment numbers and another series of strong earnings numbers made investors more optimistic about the economic recovery. | The U.S. unemployment rate, currently at 9.7 percent, will remain "unacceptably high" for some time to come, U.S. Treasury Secretary Timothy Geithner said today. | President Barack Obama signed into law a package of tax breaks and spending designed to give the nation a jobs boost by encouraging the private sector to start hiring again.
The measure includes about $18 billion in tax breaks and pumps $20 billion into highway and transit programs. | The ranks of temporary workers continue to grow, but with employers fretting about the strength of the upturn, there are few signs many temps will soon make the jump to permanent positions. | The productivity of America's workforce rose at an annual rate of 6.9% in the fourth quarter of 2009, and labour costs fell by 5.9%, as employers squeezed more out of their staff. | With initial claims for unemployment insurance shooting up in the last two weeks, states are under pressure to find the funds to pay benefits. As states turn to the federal government for help, there’s a new issue: the Department of Labor fund backing up the states is running out of money. | According to minutes released today from the Fed's January policy meeting, officials expect the unemployment rate to barely move for the rest of the year, then to drop to around 8.5% in late 2011 and between 6.6% and 7.5% in 2012. | Unemployment rate update: 9.7% in January. This is the first time the unemployment rate has dropped below 10% since October 2009. However, there are also 1.1 million "discouraged workers" — those who have given up looking for work — in January, up from 734,000 a year earlier. | The Wall Street Journal reports that nearly 25% of jobs lost in this recession will not be returning to the US. Ultimately, these lost jobs need to be replenished by growth in other industries. Firms, especially in manufacturing, are increasingly substituting against labor through outsourcing or technology. However, factories will be adding jobs. Indeed, the sector posted a net gain in jobs for January - the first time in nearly three years. | According to economist predictions, U.S. will add about 133,000 jobs a month in 2010. While that sounds good and is certainly better than more job losses, it isn't enough. With about 100,000 new jobs a month needed just to soak up new entrants to the work force, that pace of job creation will only slowly reduce the high unemployment rate. We're going to need job growth upwards of 200,000 per month for the US to see strong job recovery. | The Labor Department stressed the jump in initial claims for jobless benefits in late January 2010 was administrative and not economic. Analysts, however, said the jump suggested the figures for prior weeks had been understated, though that did not alter the labor market's course toward stability and job growth at least by March. | June's U.S. unemployment rate of 9.5% is the highest unemployment rate in the past 50 years. However, the 0.1% increase in the rate from May to June may signify that the recession is slowing down as the increase in the rate averaged 0.3% over each of the past three months. | The recent release of a 6.1% nationwide unemployment is the highest since 2003. In addition, the country has been a net loser of jobs for the past 8 straight months. | From JEANNINE AVERSA, AP Economics Writer, "The nation's unemployment rate edged up to 4.5 percent in April as cautious employers added the fewest new jobs in more than two years, signaling that the labor market is starting to feel some of the strain of the sluggish economy." If you look at the information, the latest data points means NOTHING. It is all normal noise and there is absolutely no "news" here.