Originally published on Thu May 24, 2012 4:17 am
Teenagers in Washington, D.C., face tough odds getting a job. According to the Bureau of Labor Statistics, nearly half of those looking for work can't find it — the highest rate in the country.
Sasha Bruce Youthwork, an organization that works with troubled teens in the district, is trying to address that problem by training young people in the construction trades.
The group has enlisted an army of volunteers and a handful of trainees for what it calls a "blitz build" — an effort to rebuild a gutted house in a single day.
Two bits of economic news this morning:
-- Consumer prices overall were unchanged in April, the Bureau of Labor Statistics reports, thanks in large part to a 2.6 percent drop in the price of gasoline.
Originally published on Fri May 4, 2012 7:58 am
The nation's jobless rate edged down to 8.1 percent in April from 8.2 percent in March, but just 115,000 jobs were added to private and public payrolls, the Bureau of Labor Statistics reports.
The job growth was well below expectations and has raised new questions about the strength of the U.S. economy.
We'll add more to this post as we read through the report and gather reactions and analysis. So be sure to hit your "refresh" button to get our latest updates.
There were 365,000 first-time claims for unemployment insurance filed last week, down 27,000 from the week before, the Employment and Training Administration reports.
Originally published on Fri April 13, 2012 7:08 am
The news that consumer prices rose a relatively modest 0.3 percent in March from February supports "the view the U.S. Federal Reserve has room to provide more support for the economy if needed," Reuters concludes. It adds that: