Economy Adds 337,000 New Jobs
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Hard on the heels of Mr. Bush&#39;s election victory comes a Labor Department report that shows employers added 337,000 new jobs to the economy in October.
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Employers in the United States added fewer workers than forecast last month and the jobless rate rose, evidence of an economy growing at the moderate pace predicted by the Federal Reserve.
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The number of U.S. workers filing for first-time jobless benefits rose 7,000 last week, pushing the four-week moving average of new claims to its highest level in more than a year, a government report showed on Thursday.
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WASHINGTON  -The U.S. economy added a stronger-than-forecast 132,000 jobs in November, the government reported on Friday, though the unemployment rate edged up slightly from October.
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What happened to the economic recovery? The economy is supposed to be creating more jobs than are being revealed in the monthly non-farm payroll reports.
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The number of U.S. workers filing new claims for jobless aid jumped by 28,000 last week, far more than anticipated and the biggest increase for any week since February, the Labor Department said on Thursday.
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Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell.
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The latest snapshot shows an economy that has returned to a moderate economic expansion of about 3 percent. At this pace, the economy is not growing fast enough to create large numbers of jobs
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There were more U.S. job openings in  October and also more positions filled, the Labor Department  said on Wednesday.
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The economy added 112,000 payroll jobs in November, the Labor Dept. reported today, far fewer than the month before.
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U.S. employers added 157,000  employees to payrolls in December, completing the strongest  year for job growth since 1999, according to a government  report on Friday that cemented expectations of rising interest  rates in 2005.
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The Federal Reserve raised the benchmark US interest rate Wednesday by a quarter of a percentage point to 2 percent, citing a stronger labor market with a gain of 337,000 US jobs last month.
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Employers aggressively hired new workers in October, adding 337,000 people to payrolls after a sluggish summer, although the overall unemployment rate rose marginally, to 5.5 percent.
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The U.S. economy grew at an annual  rate of 4 percent in the second quarter, as strong business  investment led the fastest pace of expansion since early last  year, the government reported on Thursday.
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The number of newly laid-off workers filing for unemployment benefits rose last week by the largest amount since early August, providing further evidence that economy has slowed.
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The number of new U.S. jobs climbed  by an unexpectedly brisk 157,000 in May on a surge of hiring in  service businesses while hiring in the factory sector continued  to decline, Labor Department data showed on Friday.
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A stronger-than-forecast 132,000 new U.S. jobs were created in November, according to a government report on Friday that implied the economy had more underlying resilience than previously realized.