Wednesday, April 7, 2010 as of 11:14 AM ET
In a long-awaited surge of hiring, companies added 243,000 jobs in January — across the economy, up and down the pay scale and far more than just about anyone expected.
Unemployment fell to 8.3 percent, the lowest in three years.The job growth was the fastest since last March and April. Before that, the last month with stronger hiring, excluding months skewed by temporary census jobs, was March 2006.The unemployment rate came down by two notches from December. It has fallen five months in a row, the first time that has happened since 1994, two economic booms and two recessions ago."The economy is growing stronger," President Barack Obama said. "The recovery is speeding up."Indeed, the report Friday from the Labor Department seemed to reinforce that the nation is entering a virtuous cycle, a reinforcing loop in which stronger hiring leads to more consumer spending, which leads to even more hiring and spending.On Wall Street, where investors had already driven stocks to their best start ...Euro Bailout: When Even the Good News is Bad News"The deal is a good result for Greece , the euro zone and for the markets -- we hope."-- Italian Prime Minister Mari...
A drop in the unemployment rate is always good economic news, but those of all political stripes say .. it's not as good as it looks."This feels like a Charles Dicke...
The number of people seeking unemployment benefits fell last week to a level that signaled a steadily improving job market. The figures came one day before the gover...
ATHENS, Greece -- Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new b...
This time around, President Barack Obama's message can sound decidedly down-to-earth.Four years after winning the White House , Obama is dealing with a different eco...
The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is ...
Chris Stirewalt, Chuck Rocha and Brad Blakeman discuss the latest Greek bailout
Imagine this family budget:Last year, you earned $24,700. But you spent $37,900, incurring $13,300 in debt, and you were already $153,500 in debt.So you say, “I prom...
Being unemployed for too long reportedly is driving people mad and costing taxpayers billions of dollars in mental illness and other disability claims. The New York ...
The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.The Labor Depa...
Columnist Michelle Malkin on Santorum's remarks
Herman Cain talks GOP race, upcoming primaries
Americans learned this month that the country’s unemployment rate fell to its lowest level in three years, but is still too high at 8.3 percent. At first glance this...
The unemployment rate dropped to 8.3 percent in January, marking the fifth straight month of decline thanks in part to a hiring spree in the private sector. The Labo...
Former Senator Blanche Lincoln talks about how to stimulate the job market
The economy likely produced another solid month of hiring in January, a promising start for 2012.Economists forecast that employers added a net 155,000 jobs last mon...
For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an e...
Will rising costs play into 2012 race?
We're at risk of losing it all
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.
