Weather Alert


A Heat Advisory is in effect through 7:00 p.m. High temperatures will be in the upper 80s and lower 90s. Humidity will be high and will push the heat index between 95-105 degrees.


CBS 2 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

U.S. Unemployment Falls to 7.5%

WASHINGTON, D.C. (CBS 2/FOX 28) -- The Labor Department Friday reported a slight drop in the national unemployment rate.  New numbers show 7.5% of American workers were unemployed in April, a drop of 0.1% from the month before.
The report found 165,000 new jobs were created last month.  Economist say that's barely enough to keep up with the population.  But the unemployment rate continues to fall in part because of people dropping out of the workforce and baby boomers reaching retirement age.
   In 2010, the Pew Research Center estimated that 10,000 baby boomers would reach retirement age every day through 2030.
   About 13% of Americans are currently age 65 or older.   By 2030, that is expected to jump to 18%.
   The report found 835,000 workers who had given up looking for work, down 133,000 from a year ago.
Professional and business services reported the strongest gains, adding 73,000 jobs in April.
To read the full report from the Department of Labor, click here.
Advertise with us!
Brought to you by:
Brought to you by:

Washington Times

Sponsored content