Job growth in the oil and gas sector is vastly outpacing total private sector growth, but so too are the sector’s work-related fatalities. Have safety practices slipped in the energy industry?
In July, total unemployment declined to 14 percent while traditionally reported unemployment dropped to 7.4 percent — the lowest figure in four years.
Half of the growth of professional and business services jobs came from temporary workers, according to the Labor Department. On balance, the pickup in temp work bodes well for future hiring.
The IRS is under fire for the extra scrutiny its workers gave to 'Tea Party' and 'Patriot' groups' applications for tax-exempt status. Plus, the Dow hit a milestone, jobless claims continued to drop, and other news from around the US economy this week.
With the Dow Jones Industrial Average hitting the 15000 milestone and economic signals flashing continued growth, the case for bull market optimists looks stronger. But there are reasons to be cautious about a retrenchment of the Dow.