unemployment rate

That’s the explosive question at the heart of the latest study released by the Center for Immigration Studies, a research group that advocates tight restrictions on immigration. Although the report somewhat debunks the myth that Americans won’t do the sort of low-wage work that immigrants do, it does not suggest that immigrants are the cause [...]

New unemployment numbers for July are out today, and they show a slight drop in the jobless rate, to 9.4 percent — the first decline since April of 2008, Bloomberg reports. The pace of job losses also slowed, with payrolls falling by 247,000, compared to a 443,000 loss in June, Labor Department figures show. The [...]

The L.A. Times gives a good review to President-elect Barack Obama for his first news conference, conducted on a day that began with downbeat economic news about the nation’s unemployment rate soaring to a 14-year high.
From the Times:
Overall, the press conference went well. Obama seemed more at ease than he did on the campaign trail, [...]

More bad economic news is out today already, with a jobs report showing unemployment leaping to a 14-year high of 6.5 percent — much worse than expected. That news follows on the heels of a devastating retail sales report for October, which found a significant drop in consumer spending. With good reason, retailers are worried [...]