President Obama's remark that the sagging economy is due to cuts in public-sector jobs riled Republicans in Congress, who pledge to extend the Bush tax cuts and repeal health-care reform.
The unemployment rate for April was 8.1 percent, the lowest rate since President Obama took office. But the unemployment rate is falling for all the wrong reasons.
Somebody needs to take care of the kids, and the Ann Romney working mom debate is evidence that child care is mostly invisible in economic and political discussion – until someone misspeaks.
It depends on which measurement you use. For most people, the ability to find a job is the most basic sign of a healthy economy. Changes in the unemployment rate signal whether getting a job is becoming harder or easier for US workers. But other numbers, also sent out by the Labor Department on the first Friday of each month, offer additional barometers to watch. Here are five ways to measure the jobless problem, with the latest numbers plugged in.
Super committee deal would have made it easier for Congress to extend temporary tax breaks that are buoying the economy. The likely debacle of the super committee could trim growth by ending those tax breaks.
Texas Gov. Rick Perry, in an address in Pennsylvania, says the energy sector could create jobs in plenty of states where there are resources, and vows to lead charge to clear regulatory hurdles.