- House and Senate negotiators reach two-year budget deal
- Congress seeks ban on in-flight calls
- Michelle Malkin’s Twitchy site sold to owners of Townhall, HotAir: report
- GM’s Barra to be first woman to run top American carmaker
- China: Poisonous smog is a military asset, if you think about it
- Texas woman admits to sending ricin to Obama
- Ron Paul on son Rand: ‘I think he probably will’ run for president
- Cold War heats up again in the Arctic: Russian airfield reactivated after 20 years
- 6-year-old boy suspended for sexual harassment over kiss
- Voters deciding Mass. congressional contest
Latest Sophia Koropeckyj Items
President Obama's health care reform is prompting employers to hire more part-time and temporary workers to escape paying benefits under a mandate that goes into effect next year, amplifying a trend toward transient employment that took hold during the recession, according to a growing number of economic indicators.
The U.S. unemployment rate slipped further to a three-year low of 8.2 percent last month as businesses kept churning out new jobs, the Labor Department reported Friday morning.
Job gains unexpectedly accelerated last month to 117,000, and the unemployment rate declined to 9.1 percent — news that eased recession worries in troubled financial markets.
The economy's sudden downshift in growth and employment in recent weeks has increased the urgency for President Obama and Congress to reach a debt-reduction deal at the same time it has made their task more difficult.