U.S. Loses Jobs For First Time In Five Years
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The nation shed jobs in January, the government reported yesterday, the first monthly loss since 2003, providing fresh evidence that the housing downturn and credit crisis have spread to the job market.
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The Bush administration, after being ridiculed by Democrats for an overly optimistic jobs forecast this year, on Friday significantly reduced its forecast for new jobs that will be created in 2005.
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Employers sliced payrolls by 4,000 in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.
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The US economy created less jobs than expected in December,  but created more jobs in 2004 than any time since 1999.
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WASHINGTON  - Job-cut announcements by US companies fell 5.6 percent in October to 101,840, according to outplacement firm Challenger Gray and Christmas.
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U.S. factory production shrank in December for the first time in nearly a year, sparking fears the economy may be headed for recession and sending stocks sharply lower.
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The nation's longest job slump since the Depression ended last month when U.S. employers hired enough new workers to boost total payrolls above what they were before the 2001 recession.
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The US economy lost 4,000 jobs in August. Home builders, factories, and schools were hit hard.
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US firmss have cut back on the total number of staff employed for the first time in four years, official data shows.
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A gauge of US manufacturing fell this month to the lowest in more than a year, incomes lagged spending in September and home construction declined in the final economic reports before tomorrow&#39;s presidential election.
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Five key states in the U.S.  presidential election lost 37,800 jobs in September, offsetting  the gains posted by other states considered critical in the  election now 11 days away.
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The number of people filing an initial claim for US jobless aid fell by a larger-than-expected 25,000 last week, the government said on Thursday in a report seen as a good sign for job growth.
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The unemployment rate for August fell to 5.4 percent from 5.5 percent, the lowest since October 2001, the government reported today.
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Employers trimmed jobs from their payrolls in January, according to a much anticipated government jobs report Friday that showed the first decline in employment in four years and raised new concerns about the risk of recession for the weakening U.S. economy.
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Employers posted fewer job openings  and hired fewer people in December than a year ago, government  data showed on Tuesday, in a report that further underlined the  weakness of the labor market.
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The number of U.S. workers seeking  first-time jobless benefits fell more than expected last week,  dropping from levels analysts had said were inflated by a  holiday-related spike, a government report on Thursday showed.
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Stocks tumbled on Friday after data showed monthly hiring contracted for the first time in four years, fanning recession fears and adding pressure for a Federal Reserve interest-rate cut.