Articles About Department Of Labor

Author:
Tom Silva
Posted:
11.26.2012

October Job-Creation Numbers Show Slight Uptick

The October employment report won’t blow anyone out of the water, but showed a modest improvement that caused many to breathe a sigh of relief.  According to the Department of Labor, 171,000 jobs were added in October – the highest number since February.  Retailing (up 36,000); healthcare (up 31,000) and business services (up 51,000) showed […]

Read More ›
Author:
Tom Silva
Posted:
10.29.2012

The Truth About Those Unemployment Numbers

The nation’s unemployment rate fell to 7.8 percent in September, the lowest level reported since January of 2009.  That is a 0.4 percent decline from the 8.1 percent reported for the previous month, yet represents a slight hiring slowdown after the Department of Labor revised the July and August numbers upwards by 86,000.  A total […]

Read More ›
Author:
Tom Silva
Posted:
09.11.2012

Condoleezza Rice Breaches Augusta National’s Men Only Membership Rule

As the nation celebrated the 40th anniversary of Title IX this summer, the previously all-male Augusta National Golf Club invited the first two women to join its ranks.  The invitation to former Secretary of State Condoleezza Rice — whose handicap is reported to be between 13 and 14 — and South Carolina financier Darla Moore […]

Read More ›
Author:
Tom Silva
Posted:
02.22.2012

Bernanke Defends Fed Policy on Job Growth, Inflation

Although the economy has improved in the past year, Federal Reserve Chairman Ben Bernanke told lawmakers that they still must cut the growing budget deficit.  “We still have a long way to go before the labor market can be said to be operating normally,” Bernanke said in testimony to the Senate Budget Committee.  “Particularly troubling […]

Read More ›
Author:
Tom Silva
Posted:
01.11.2012

Job Creation Strengthens, But Unemployment Increases?

American companies added 244,000 jobs to the economy in April, the fastest pace in five years.  In an ironic twist, however, the unemployment rate climbed to nine percent, according to the Department of Labor.  The unemployment rate fell to 8.8 percent in March after dropping continuously since November’s rate of 9.8 percent rate. Economists had […]

Read More ›
Author:
Tom Silva
Posted:
10.03.2011

July Jobs Numbers Disappoint

ADP, a leading payroll services company, is reporting that private companies added 114,000 jobs in July.  Many analysts had projected an increase in hiring from June, but it is not likely that the unemployment rate will decline even if job growth rose sharply.  ADP’s forecasts are frequently used to measure how the labor economy is […]

Read More ›
Author:
James I. Clark III
Posted:
09.21.2011

Stagflation Rears Its Ugly Head

The Consumer Price Index (CPI) climbed by 0.5 percent in July, according to a Labor Department report.  That came after a decrease of 0.2 percent the previous month.  Rising inflation cuts consumers’ buying power.  Average pay, when adjusted for inflation, fell in July and has declined by 1.3 percent in the last year.  Over the […]

Read More ›
Author:
Tom Silva
Posted:
09.06.2011

There’s A Whole Lot of Shaking Going On

A big shake-up occurred recently in Washington, D.C.,  although it was not of the variety that some would prefer.  The nation’s capital was taken by surprise when it was hit by a 5.9-intensity earthquake that rocked the East Coast and was felt as far away as Boston, North Carolina and even Michigan.  Although early reports […]

Read More ›
Author:
James I. Clark III
Posted:
06.13.2011

Where’s Our Recovery? Job Growth and Productivity Falter

Sluggish job growth in May could be a sign that the economic recovery is losing momentum.According to the ADP May Employment Report, a mere 38,000 jobs were added in the private sector on a seasonally adjusted basis.  That was well below consensus estimates of 170,000 new jobs.  The report also revised downwards the estimated change […]

Read More ›
Author:
Tom Silva
Posted:
04.19.2011

With Inflation on the Rise, Is the Era of Cheap Food Over?

The long-feared specter of inflation is finally rearing its ugly head, as consumer prices rose by 0.5 percent in February, according to a report from the Department of Labor.  Take away food and gas prices and the increase was jut 0.2 percent.  “All signs indicate that, against the backdrop of a strengthening economy, inflation is […]

Read More ›

Categories

Archives