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Bill Pugliano/Getty Images
Bill Pugliano/Getty Images
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Unemployment Rate Falls To 8.5%, Hiring Surges

WASHINGTON (AP) — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.

The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8

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Kevork Djansezian/Getty Images
Kevork Djansezian/Getty Images
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U.S. Added 80,000 Jobs In Oct.; Jobless Rate Dips

WASHINGTON (AP) — The American economy added 80,000 jobs in October, and job growth in the two previous months was much stronger than first thought, an encouraging sign as the nation searches for a way out of the jobs crisis

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khrawlings, Flickr
khrawlings, Flickr
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Economic Woes Lead to More Men Becoming ‘Mannies’

While child care-givers such as babysitters and nannies have traditionally been women, the recent dip in the economy lead some men into the profession as well.

Dubbed “mannies,” the guys are often unemployed teachers, daycare workers or fathers.

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Davis Turner, Getty Images
Davis Turner, Getty Images
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Bank of America to Cut 30,000 Jobs As Part of $5 Billion Reductions

On Monday, Bank of America announced that part of its plan to cut $5 billion in spending by 2014 includes the elimination of 30,000 jobs.

CEO Brian Moynihan made no mention of layoffs during an investor conference, and the bank says it expects the job losses to occur naturally through attrition and not rehiring when people vacate their positions.

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no job
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Lowest Number of Unemployment Applicants in Over Two Years

The number of people applying for unemployment benefits fell sharply last week, a positive sign that the job market could be slowly improving.

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