The U.S. unemployment rate unexpectedly dropped to 9.7 percent in
January from 10 percent in the prior month, but employers eliminated an
additional 20,000 net jobs over the month, the government said Friday
in a report that shows the labor market has yet to turn the corner
despite the return of growth to the economy.
U.S. auto safety regulators have launched a formal probe into braking
complaints on 37,000 Toyota Prius hybrids, just after the Japanese
automaker admitted that it had made changes to the brake software in
models in production.
Congressional investigators are escalating their probe of Toyota Motor
Corp. vehicles by examining whether sudden acceleration afflicts models
that have not been recalled — and whether all Toyota vehicles should be
modified so that their brakes override out-of-control throttles.
President Obama has toured a company that produces energy-efficient light bulbs in Nashua, N.H., on Tuesday and late last month visited an Ohio community college that trains students to work on wind turbines. He has also been talking up the energy sector's potential to move out-of-work Americans off unemployment rolls.
President Barack Obama's proposed budget, stuffed with initiatives to spark jobs and the economy, is getting an early test with lawmakers weary of record deficits, wary of his tax ideas and nervous about winning re-election in November.
President Barack Obama's bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century.