Originally published on Fri January 6, 2012 11:26 am
This could be "the year of the gas-pocalypse" analysts tell the Los Angeles Times, "because gasoline prices are the highest ever for the start of the year, and they're on the rise, supercharged by expensive oil and changes in refinery operations."
Originally published on Fri January 6, 2012 11:05 am
Of all the good news in the December unemployment report, perhaps the most encouraging sign for the 2012 labor market was the increase in construction jobs. That sector has lost more than 2 million jobs as the housing market imploded 5 years ago, but increases in construction hiring and spending could be cautious signs of a turnaround, analysts say.
Overall, employers created 200,000 jobs last month, sending the U.S. unemployment rate down to 8.5 percent, the Labor Department said Friday.
Reporter Liz Halloran and I have been motoring around New Hampshire the past few days, chasing candidate events and taking the political temperature of the state.
On the way to a Santorum event Thursday we spotted a small lake dotted with ice fishing shelters — the first we'd seen all week. Apparently, the ice only became thick enough in the last two weeks or so.
The Labor Department announced Friday that 200,000 jobs were created in December, and the U.S. unemployment rate fell to 8.5 percent. The new hiring came largely in transportation and warehousing. Tens of thousands of other people found jobs in retail and manufacturing.