President Obama nominated Thomas Perez as the new Labor Secretary at a press conference held at the White House this morning. The President urged Congress to confirm his nomination quickly. CNBC's John Harwood reports on the somewhat controversial nomination.» Read More
Labor Secretary Hilda Solis, in response to questions from a television anchor casting doubt on the validity of the latest jobless rate figures, said the idea it was manipulated is "ludicrous." "I'm insulted when I hear that, because we have a very professional civil service organization.
WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The Labor Department said employers added 114,000 jobs in September.
*Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell on Friday and headed for a weekly loss as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report.
RANDOLPH, Vt.-- The students, faculty and staff at the Vermont Technical College are embarking on a new adventure as they implement a federal grant designed to make people ready to work in unique agricultural businesses, a new training system that could be copied by other schools across the country, U.S.
"I continue to see some good signs in the manufacturing area -- and also in the area of leisure spending," says Hilda Solis, Secretary of Labor, weighing in on July's better-than-expected jobs numbers and the tick up in unemployment to 8.3 percent in July.
Hilda Solis, Secretary of Labor, discusses the weaker-than-expected employment numbers and how the administration is planning to create jobs.
Hilda Solis, U.S. Secretary of Labor, says the White House is doing everything it can to boost job growth, and people are waiting for Congress to work together to find a solution.