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Entries in Labor Department (128)

Sunday
Jun092013

US Employers Sitting on Piles of Cash

iStockphoto/Thinkstock(NEW YORK) -- Based on Friday's jobs report from the Department of Labor, the jobs market has improved in the past year, but unemployment is still way above average levels. Brian Hamilton, CEO of the financial research firm Sageworks, says businesses are very cautious. “Not only are companies not really hiring a ton but they’re not borrowing a bunch either.” Most firms have solid balance sheets. “The default rate for private companies is going down meaning they’re much more credit worthy and they’re much more solvent.”

But Hamilton says companies and their senior executives are also risk averse. “They really are just reluctant to take on overhead much more so than in the past.” Hamilton’s views are echoed in a new report from Federal Reserve, which says US firms are sitting on a record pile of cash. Non-financial corporations held $1.78 trillion in cash and other liquid assets in the first three months of this year.

Copyright 2013 ABC News Radio

Thursday
Mar142013

Jobless Claims Fall to 332,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims continued their downward trend in the first full week of March, falling by 10,000, according to the latest figures released Thursday by the Labor Department.

For the week ending March 9, the number of people filing for benefits dropped to 332,000.  The previous week, claims stood at 342,000.

The four-week average also fell, decreasing by 2,750 to 346,750.

Copyright 2013 ABC News Radio

Friday
Mar082013

Unemployment Rate Drops to 7.7% as 236K Jobs Added in February

Tim Boyle/Getty Images(WASHINGTON) -- U.S. employers added 236,000 jobs to their payrolls in February, exceeding expectations, the Labor Department reported Friday morning.

Economists had anticipated seeing around 160,000 jobs added last month.

The unemployment rate also beat expectations, falling from 7.9 percent to 7.7 percent -- the lowest level since December 2008.

Copyright 2013 ABC News Radio

Thursday
Mar072013

Jobless Claims Drop to 340K Ahead of February Jobs Report

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims wrapped up the month of February by falling to 340,000 last week, the Labor Department reported on Thursday.

For the week ending March 2, the number of people filing for benefits dropped 7,000 from the previous week's tally of 347,000.

The four-week average also decreased by the same amount -- 7,000 -- to end at 348,750, the lowest level in five years.

Americans will get a better picture of how the jobs market fared in February when the Labor Department releases its monthly employment report at 8:30 a.m. ET on Friday.

Copyright 2013 ABC News Radio

Thursday
Feb282013

Jobless Claims Tumble to 344,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims dropped last week, falling by 22,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Feb. 23, the number of people filing for benefits shot down to 344,000.  The previous week, claims stood at 366,000.

The four-week average also feel, decreasing by 6,750 to 355,000.

Copyright 2013 ABC News Radio

Thursday
Feb142013

Jobless Claims Fall to 341,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims continued to fall last week, dropping by 27,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Feb. 9, the number of people filing for benefits tumbled to 341,000.  The previous week, claims stood at 368,000.

The four-week average, meanwhile, ticked up slightly, increasing by 1,500 to 352,500.

Copyright 2013 ABC News Radio

Thursday
Feb072013

Jobless Claims Dip to 366,000

Spencer Platt/Getty Images(WASHINGTON) -- Claims for unemployment benefits took a slight dip last week, falling by 5,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Feb. 2, the number of people filing for benefits dropped to 366,000. The previous week, claims stood at 371,000.

The four-week average also decreased, slipping by 2,250 to 350,500.

Copyright 2013 ABC News Radio

Thursday
Jan312013

Jobless Claims Jump to 368,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims shot up last week, rising by 38,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Jan. 26, the number of people filing for benefits jumped to 368,000.  The previous week, claims stood at 330,000.

The four-week average also increased, climbing by 250 to 352,000.

Copyright 2013 ABC News Radio

Thursday
Jan242013

Jobless Claims Drop to Lowest Level in Five Years

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims continued to fall last week, dropping by 5,000 to hit the lowest level in five years, according to the latest figures released Thursday by the Labor Department.

For the week ending Jan. 19, the number of people filing for benefits dropped to 330,000 -- the fewest since January 2008.  The previous week, claims stood at 335,000.

The four-week average also went down, decreasing by 8,250 to 351,750.

Copyright 2013 ABC News Radio

Thursday
Jan172013

Jobless Claims Tumble to 335,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims turned around in the second week of January, falling by 37,000, the Labor Department reported on Thursday.

For the week ending Jan. 12, the number of people filing for benefits dropped to 335,000.  The previous week, claims stood at 373,000.

The four-week average also went down, decreasing by 6,750 to 359,250.

Copyright 2013 ABC News Radio







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