95,000 Jobs Lost; Unemployment Rate Steady
A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.
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A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.
Toys R Us is nearly doubling its work force and hiring 45,000 employees to cope with demand during the holiday season. Just Monday Macy's said it planned to hire 65,000 seasonal workers.
Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.
Two years after the meltdown on Wall Street, Mayor Michael Bloomberg says New York City is bouncing back.
Two recent reports that say sales of new and existing homes have taken a dramatic hit coupled with high unemployment has many concerned that the worst is yet to come.
Gov. Christie has conditionally vetoed a bill that would limit New Jersey's ability to recover overpayments of unemployment benefits from individuals who received them.
The state Labor Department says Connecticut's job growth has stalled in July. Overall unemployment remained at 8.9 percent when compared to June.
Troubling news was released Thursday regarding the state of the economy. Last week, 484,000 Americans filed for unemployment benefits – the highest number of new jobless claims since February.
Stocks are down for a third day on more disappointing earnings and economic news.
