By Joseph Lawler | 03/19/14 03:40 PM
The Federal Reserve revamped its stimulus program Wednesday in the first meeting run by new Chairwoman Janet Yellen, continuing the “taper” of its bond-buying program while abandoning a benchmark for its policy of zero-percent interest rates that had become obsolete. As expected, the...
By Sean Lengell | 03/19/14 03:12 PM
State officials say a Senate proposal to restore unemployment insurance benefits to more than 2 million long-term jobless would do more harm than good, warning that some states may ignore the legislation if it's passed into law. The National Association of State Workforce Agencies, in a letter...
By Sean Lengell | 03/14/14 02:53 PM
The Congressional Black Caucus has taken Rep. Paul Ryan to task for comments he made about poverty in U.S. "inner cities" and invited the Wisconsin Republican to address the group.
By Joel Gehrke | 03/13/14 06:51 PM
Millionaires will no longer qualify for unemployment benefits under the bipartisan Senate deal unveiled Thursday afternoon, ending a subsidy that Sen. Tom Coburn, R-Okla., attacked as a "reverse Robin Hood" provision designed to increase support for government programs. "Notwithstanding any...
By Sean Lengell | 03/13/14 06:47 PM
The Senate surprisingly announced a deal Thursday to restore unemployment insurance benefits to more than 2 million long-term unemployed Americans. Optimism for a deal appeared low as early as Wednesday, when several senators said they didn't think a compromise would be reached before the...
By Jeremy Barr | 03/13/14 04:28 PM
Senate Majority Leader Harry Reid, D-Nev., announced Tuesday that the chamber is “very, very close” to working out a bipartisan deal that would extend unemployment benefits for five months.
By Joseph Lawler | 03/13/14 11:09 AM
Retail sales rose 0.3 percent in January, ending a two-month slide and beating expectations. The Census Bureau reported Thursday that U.S. consumers spent $427.2 billion on goods and services in February, in its first estimate of retail spending. The Census also revised down its estimates...
By Christopher S. Rugaber | 03/13/14 09:19 AM
The number of people seeking U.S. unemployment benefits dropped 9,000 last week to a seasonally adjusted 315,000, a sign the job market is picking up after a winter slump.
By Michael Barone | 03/12/14 07:50 PM
The jobs data are certainly depressing, as economists of just about every ideological stripe agree. Total national employment is down from the 2007 peak of 147 million to 144 million.
By Joseph Lawler | 03/11/14 03:41 PM
In a mysterious labor market development, the December expiration of extended unemployment benefits has yet to show up in the data for early 2014. February's jobs report from the Bureau of Labor Statistics showed labor market resilience, as businesses added 175,000 jobs and the labor force...
By Joseph Lawler | 03/11/14 01:58 PM
Hiring and job creation slowed in January, suggesting that labor markets remain too anemic to cut into the shortfall of roughly 6 million jobs that would be needed for the U.S. economy to be healthy. The Bureau of Labor Statistics reported Tuesday that the number of job openings increased...
By Byron York | 04/23/14
By Washington Examiner | 04/23/14
By Byron York | 04/22/14
By Paul Bedard | 04/24/14
By Joel Gehrke | 04/22/14