Political Capital

Posts tagged: Department of Labor

People seeking employment fill out applications at a job fair on April 23, 2014 in Detroit.

Photograph by Joshua Lott/Getty Images

People seeking employment fill out applications at a job fair on April 23, 2014 in Detroit.

Bloomberg by the Numbers: 364

The 297,000 people making initial unemployment insurance claims in the week ended May 10 was the lowest in 364 weeks — since May 2007. First-time jobless claims fell 24,000 from the previous week, according to Labor Department statistics released yesterday....

Read more »

People seeking employment fill out applications on April 23, 2014 in Detroit.

Photograph by Joshua Lott/Getty Images

People seeking employment fill out applications on April 23, 2014 in Detroit.

Bloomberg by the Numbers: 62.8%

The participation rate — the share of the working-age population in the U.S. either employed or seeking a job — was 62.8 percent in April. This matches the lowest level since March 1978. The share of potential workers either employed...

Read more »

President Barack Obama looks over a student's work as he visits a classroom at Bladensburg High School in Bladensburg, Md. on April 7, 2014.

Photograph by Carolyn Kaster/AP Photo

President Barack Obama looks over a student's work as he visits a classroom at Bladensburg High School in Bladensburg, Md. on April 7, 2014.

Obama Goes to School in Biology

The president went to school in biology today. At Bladensburg High School, in Maryland just outside the District of Columbia, President Barack Obama was announcing the winners of Youth Career Grants. The project of the Departments of Education and Labor...

Read more »

Job seekers talk with recruiters in San Francisco on April 24, 2013

Photograph by David Paul Morris/Bloomberg

Job seekers talk with recruiters in San Francisco on April 24, 2013

Bloomberg by the Numbers: 339,000

That’s how many people applied for unemployment benefits in the week ended Dec. 28, according to the Labor Department. That’s the lowest level in a month, below the median forecast of 344,000 in a Bloomberg survey of economists and down...

Read more »

An employee delivers food at a drive-in restaurant in Normal, Illinois.

Photograph by Daniel Acker/Bloomberg

An employee delivers food at a drive-in restaurant in Normal, Illinois.

Bloomberg by the Numbers: 14%

That’s the “U-6″ July unemployment rate, which adds discouraged, marginally attached and involuntary part-time workers to the baseline unemployment rate of 7.4 percent. The U-6 rate fell from 14.3 percent in June, according to Labor Department data released Aug. 2....

Read more »

Job seekers wait to enter the Choice Career Fairs job fair in Arlington, Virginia.

Photograph by Andrew Harrer/Bloomberg

Job seekers wait to enter the Choice Career Fairs job fair in Arlington, Virginia.

Bloomberg by the Numbers: 136,000

That’s how many more discouraged workers there were in July than a year earlier. Last month there were 988,000 discouraged workers, defined as those not looking for a job because they don’t believe one is available, according to Labor Department...

Read more »

A job seeker speaks with a State Department employee about job opportunities with the federal government during a job fair in Boston.

Photograph by Michael Dwyer/AP Photo

A job seeker speaks with a State Department employee about job opportunities with the federal government during a job fair in Boston.

Discouraged Workers, Retirees Not to Blame for Jobless Rate Drop

The jobless rate in the U.S. fell to a four-year low of 7.6 percent in March for the wrong reasons. Instead of an increase in the number of those finding work, 290,000 people dropped from the ranks of the unemployed....

Read more »

Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Photograph by Daniel Acker/Bloomberg

Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Low-Skilled Visas: Cap Key to Deal

Two years ago, the U.S. certified about 75,000 low-skilled laborers for guest-worker visas. Under the first year of a new plan that business and labor leaders have tentatively approved as part of a Senate proposal to revise the nation’s immigration...

Read more »

Job seekers at a job fair in Southfield, Michigan.

Photograph by Paul Sancya/AP Photo

Job seekers at a job fair in Southfield, Michigan.

White House Warns of ‘Self-Inflicted’ Wounds for a Recovering Economy

The White House is taking today’s employment report as a sign that the economy is healing from “the wounds inflicted” by the worst downturn since the Great Depression, while warning Congress against creating any “self-inflicted wounds.” Such as the looming...

Read more »

Job seekers fill out applications at the Rigzone Oil & Gas Career Fair in San Antonio, Texas.

Photograph by Eddie Seal/Bloomberg

Job seekers fill out applications at the Rigzone Oil & Gas Career Fair in San Antonio, Texas.

7.9% Unemployment: Election Day

After millions of Americans already have voted early in the presidential election of 2012, the final government snapshot of the labor market in the U.S. before Election Day shows that unemployment stood at 7.9 percent in October. The addition of...

Read more »