A dim view of the U.S. job market emerged Tuesday with a report that employers cut back on hiring in September just before a partial government shutdown began.
The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. But the spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some companies to cut jobs.
President Barack Obama has nominated Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke.
According to a study conducted by the Pew Research Center, the last government shutdowns – which occurred in the 1996 fiscal year under the administration of then-president Bill Clinton – cost the nation an estimated $1.4 billion dollars.
Before speaking to members of the press regarding a potential government shutdown due to Senate infighting about the national budget, President Barack Obama began by discussing a phone conversation that he had with new Iranian President Hassan Rouhani.
While speaking at a press conference during the G20 Summit, President Barack Obama used the opportunity to once again call for military action against the regime of Syrian President Bashar Assad.
The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.
A record number of young adults are living with their parents.
President Barack Obama has revived debate about the number of jobs that would be created by the proposed Keystone XL oil pipeline from Canada to Texas.
Americans’ attitudes about their economic future are sharply divided by race, with whites significantly less likely than blacks or Hispanics to think they can improve their own standard of living.