US jobless rate dips to 7.5%, a four-year low

(Photo: Joe Raedle / Getty Images)

The U.S. economy’s job-creation engine revved up in April, defying expectations that government budget cuts and a cold start to spring in much of the nation conspired to slow hiring.

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Looking for a big increase in the minimum wage? Don’t bank on it.

(Photo: Joshua Roberts / Reuters file)

America’s 3.6 million minimum-wage workers will get a nearly 40 percent pay raise, if Sen. Tom Harkin, D-Iowa, has his way.

A few weeks after President Barack Obama touted a minimum wage increase to $9.00 in his State of the Union speech, the veteran senator introduced a plan to go even further, raising the low end of legal earnings from $7.25 to $10.10. For a person working 40 hours a week and 52 weeks a year, Harkin’s bill would mean an increase of $5,928. 

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Michigan House passes right-to-work legislation

(Photo: Paul Sancya / AP)

Michigan will become the nation’s 24th right-to-work state after Republicans in the state legislature approved historic changes to the state’s labor laws over the strenuous objections of Democrats and union members.

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Unemployment rate drops to lowest in four years

(Photo: John Moore / Getty Images)

The unemployment rate dropped to 7.7 percent in November, the lowest in four years, as the U.S. economy generated a stronger-than-expected 146,000 jobs, the Labor Department said Friday.

Citigroup plans to cut 11,000 jobs, close some branches

(Photo: Shannon Stapleton / Reuters)

Banking giant Citigroup announced Wednesday that it would cut about 11,000 jobs, or about 4 percent of its global work force, and shutter some branches in an attempt to save as much as $1.1 billion a year in costs.

Jobless claims drop to lowest level since 2008

The number of Americans filing for unemployment benefits dropped to a 4-1/2 year low last week, suggesting that hiring may be picking up after stalling since the spring.

Unemployment rate falls to 7.8 percent as economy creates 114,000 jobs

The nation’s unemployment rate dropped to the lowest it has been in almost four years in September, giving President Barack Obama a potential upbeat talking point as the presidential race heads into the final innings.

Texas home to many of the cities creating the most jobs

(Photo: AP)

The Great Recession has affected nearly every person in the United States. But the recovery has fared better in some parts of the country than others. 24/7 Wall St. looked at the 10 metropolitan areas with the largest employment growth between June 2009, near the peak of the recession, and June 2012.

Obama says more to be done on jobs, as Romney decries ‘suffering’

(Photo: Pablo Martinez Monsivais / AP)

There are still to many Americans still looking for work, President Barack Obama said Friday in reaction to July’s jobs numbers, renewing his demand that Congress extend expiring tax cuts for most U.S. households.

Presumptive Republican nominee Mitt Romney, speaking at the same time in the swing state of Nevada, highlighted a report showing the economy added 163,000 jobs in July as an indictment of the president’s economic policies.

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Obama: Overall economy headed ‘in the right direction’

POLAND, Ohio — It took President Obama about 10 minutes before addressing today’s sluggish jobs report, showing just 80,000 jobs created and the unemployment rate unchanged at 8.2 percent.

But he said the economy overall is heading “in the right direction.” He blamed any sluggishness not on his policies, but on a “stalemate in Washington.” 

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