Nov 8th, 2008 · The U.S. economy took more hits this week as automakers reported huge losses. Then on Friday, the Labor Department released a worse-than-expected unemployment rate. President-elect Barack Obama responded by calling for a new stimulus package.
Nov 7th, 2008 · President-elect Barack Obaba has met with economic advisers and has spoken to reporters about the transition, the economy and other matters. The meetings come amid news from the Labor Department that job losses are accelerating.
Nov 7th, 2008 · The Labor Department has said the nation's unemployment rate rose to 6.5 percent in October, its highest rate in 14 years. The report said 240,000 jobs were lost, worse than expected. This year, 1.2 million jobs have been lost.
Nov 7th, 2008 · The Labor Department reports the nation's unemployment rate rose 6.5 percent last month. The number of jobs lost were a lot higher than expected. The report indicates that the downturn in the economy this year has been even deeper and more dramatic than most economists had expected. The jobless rate is at a 14-year high.
Oct 3rd, 2008 · Job losses mounted in the September unemployment report. The Labor Department says businesses cut 159,000 jobs from their payrolls. That's a lot worse than in July and August, a trend that has many economists concerned.
Oct 3rd, 2008 · Data from the Labor Department Friday showed September was the nine straight month of job losses. The nation's unemployment rate held steady at 6.1 percent. However, employers slahed payrolls by 159,000 last month. The biggest losses came in the construction and manufacturing industries.
Sep 5th, 2008 · The Labor Department says that employers cut nearly 84,000 jobs in August. The unemployment rate for the month was a five-year high of 6.1 percent. Job losses in June and July were also found to be worse than previously believed.
Aug 21st, 2008 · The latest figures from the Labor Department show a sharp decline in workplace fatalities. They're lower than at any point since the department started keeping track.