Jobs, U.s. Economy | featured news

A private survey shows U.S. businesses added a solid number of jobs in February, indicating higher taxes and looming government spending cuts have yet to slow hiring.

"Here's the dilemma: we do have a long-term debt problem, but that doesn't mean that austerity now is the right response," Clinton said, adding that Republicans only support austerity measures "when Democrats are president." An affirmative plan on how to spark job creation and growth is a more powerful argument to the public than the GOP's advocacy for spending cuts and downsizing government, he contended.

U.S. employers added 157,000 jobs in January, and hiring was much stronger at the end of 2012 than previously thought, providing reassurance that the job market held steady even as economic growth stalled.

Private-sector employers added 192,000 jobs in January, more than economists were expecting, in a sign of growth in the labor market, a report by a payrolls processor showed on Wednesday.

Job openings in the U.S. rose in November to the highest level in five months as companies looked past congressional wrangling over a package of tax increases and government budget cuts set to take effect this month. The number of positions waiting to be filled climbed by 11,000 to 3.68 million from a revised 3.67 million in October, the Labor Department said today in Washington. Hiring was little changed and firings eased.

President Obama's coalition came through for him big time on Election Day, and members of the coalition want him to return the favor.

The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the figures were distorted by Superstorm Sandy.

Here's the assignment President Barack Obama has won with his re-election: Improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to expand much.

The pace of growth in the services sector slowed modestly in October as new orders slipped, though employment improved to its highest level in seven months, an industry report showed on Monday.

President Obama, Republican challenger Mitt Romney and their backers are stressing different aspects of today's jobs report -- the ones that bolster their respective campaigns.