Job Market Roars Back
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The US economy added a much better-than-expected 337,000 jobs in October, the Labor Department said, setting the stage for a third day of major gains in the stock market.
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Shoppers and tourists kept salespeople busy, factories for the most part hummed and the jobs picture brightened over the last few months, fresh signs that the economy is moving solidly ahead.
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NEW YORK The US labor market snapped out of its summer lull to add 337,000 new jobs in October, the biggest increase since March, the Labor Department reported Friday, raising hopes that American businesses were overcoming years of caution and beginning
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The aerospace industry bounced back this year with record sales and the first upswing in employment in five years as a result of &quot;robust&quot; defense
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Growth in the service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signaled strength in the economy.
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In June, Kathleen Reynard landed a job at a Needham firm as an accounting manager, earning 20 percent more than she made at her old job. Still, the headhunters keep calling, a sure sign, she says, that the economy is turning around.
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Employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that the nation's employment climate is not cracking under the stress of a deepening housing slump.
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Considerably more newly laid-off workers signed up for unemployment benefits last week, although the figures suggest the job market remains stable even as a housing slump afflicts the economy.
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The stock market surged last week, propelled by powerful corporate earnings and by upbeat economic reports.
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Washington: The US labor market escaped a quagmire in October, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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WASHINGTON -- Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.
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The pace of new job creation accelerates sharply in the US, reinforcing hopes that the economy is strengthening.
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US job growth revived and the unemployment rate fell last month, the government reported yesterday, providing fresh ammunition for both presidential candidates as they debate
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WASHINGTON - The US job market brightened in August as employers added 144,000 workers to their payrolls and hiring totals for the two prior months were revised up, the Labor Department (search) reported on Friday.
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Finance ministers say the global economy is now recovering after the recent turmoil in worldwide markets.
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Shares opened moderately higher a day after stocks staged an extraordinary reversal and after weekly unemployment figures suggested the job market is holding up.
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Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.