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Friday
May202011

Unemployment Rates Dropped in 39 States Last Month

Jupiterimages/Thinkstock(WASHINGTON) -- New government data shows that unemployment rates dropped in 39 of 51 states and districts measured in a monthly report on regional unemployment. Three states and Washington, D.C., saw upticks.

While Nevada still holds the top spot for unemployment rate, the state also saw the most dramatic drop in unemployment during April. Its official jobless figure dropped by 0.7 percent last month. Since the beginning of the year, Nevada's unemployment rate has fallen by 2.4 percent.

Thirty-two states have unemployment rates lower than the national average. The lowest unemployment in the nation remains the state of North Dakota -- currently posting a 3.3 percent jobless rate.

Copyright 2011 ABC News Radio

Friday
May062011

Obama Highlights Indiana Business as Example of Recovery

ABC News(INDIANAPOLIS) -- President Obama traveled to Indianapolis on Friday to discuss his energy policy and tout the latest jobs report, released Friday.

The White House chose Allison Technology located in a Red state that Obama won in 2008 because the business employs 2,500 workers who build hybrid vehicle technology and manufacture fully automatic transmission for medium and heavy-duty commercial vehicles.

Allison is doing well, adding 50 jobs last month and planning to create 200 or more jobs by 2013.  On a background conference call with reports, administration officials described Allison as "a great success story."  The company received $62.8 million in a cost share grant from stimulus funds.

Obama told the workers who gathered to hear him after a brief tour what they are doing is important.

"This is where the American economy is rebuilding, where we are regaining our footing," he said.  "This economic momentum that’s taking place here at Allison is taking place all over the country."

Obama argued that new jobs will be created by places like Allison though new innovations like the technology used in trucks powered by Allison. The president also took the opportunity to make his first comments on the April jobs numbers that showed 268,000 private sector jobs added.

"That means over the last 14 months, a little over a year, we’ve added more than 2 million jobs in the private sector."

Obama said the country has made this progress despite serious headwinds caused by high gas prices and the earthquake in Japan.

Copyright 2011 ABC News Radio

Friday
May062011

Payrolls Add 244,000 Jobs in April; Unemployment Back at 9%

Stockbyte/Thinkstock(WASHINGTON) -- The nation’s employers increased payrolls by 244,000 during the month of April, beating economists’ expectations, a government report showed Friday.

The private sector, which factors out government layoffs and hiring, saw 268,000 workers added to payrolls -- the best monthly jobs growth from the private sector since February 2006.

The nation’s unemployment rate jumped, however, from 8.8 to 9 percent.

"The reason you get that," said economist Hugh Johnson, "is even though you get a very strong increase in the number of jobs, you get a much bigger increase in the labor force," or the number of those who are actively pursuing work.

Copyright 2011 ABC News Radio

Friday
Jan142011

Rank Your Co-Workers, See How They Rank You

Photo Courtesy - ABC News(NEW YORK) -- Chances are you've already sized up your co-workers in private, so why not have some fun with it online? At least that's what the new website Cubeduel wants you to do.

The new site, which launched this week, ranks your current and former co-workers by placing them in head-to-head match-ups and then letting you vote for your favorites. If you vote on enough duels, the site also reveals how others have rated you.

To access Cubeduel, you sign into the site with your LinkedIn information. The site then uses your work history to create the duels between current and former colleagues.

As you click on your favorites, the site combines your votes with those from other users to assign rankings to everyone on the site. Once you've voted on 20 pairs, Cubeduel reveals how many duels you've won and shows you the top scorers from each of the companies or organizations listed on your LinkedIn profile.

And if you're worried about getting in trouble with the boss, don't be. The founders say all voting is absolutely anonymous.

Copyright 2011 ABC News Radio

Friday
Dec032010

Jobs Report Disappointing, Unemployment Up to 9.8%

Photo Courtesy - Getty Images(WASHINGTON) -- The nation's employers increased payrolls by 39,000 in November, significantly worse than the 130,000 increase analysts expected.

Private sector companies added only 50,000 workers, far fewer than the 140,000 predicted.
 
The jobless rate jumped significantly from 9.6 to 9.8 percent.

A net of 7.5 million jobs have been lost since Dec. 2007, the first month of the recession.

“There's no denying that the report is disappointing,” Vice President Biden said from the Roosevelt Room of the White House, “because we were, quite frankly, hoping for even stronger job growth.”

The vice president said that the bottom line is that there has clearly not been enough economic progress.

“There is too much pain out there. There's still millions of people out of work and trying to make do with -- without a paycheck and without the dignity or the respect that goes with a job.”

Copyright 2010 ABC News Radio







ABC News Radio