The U.S. economy continues to lose jobs as the government reports Friday morning that 95,000 positions were cut from the nation’s payrolls.

President Barack Obama has signed a $30 billion jobs bill, one he has long advocated for as a way to promote small business growth.

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

Poverty advocates say the newly passed $26 billion jobs bill will hurt New York City's nearly 2 million food stamp recipients.

The nation’s payrolls shrunk by 131,000 jobs last month. That's another troubling sign that the recent economic recovery could be stalling.

The U.S. Senate has approved a $26 billion jobs bill, clearing the way for a House vote on the measure. House Speaker Nancy Pelosi has already said lawmakers will return from their August recess to vote on the measure next week, according to The Associated Press.

Gov. David Paterson says he and his staff will being working “immediately” on layoff plans for state workers since New York is running out of cash.

The Senate voted 60-40 Tuesday to end a filibuster on a bill that would extend unemployment benefits.

For the first time this year, the economy lost jobs largely as a result of 2010 census workers losing those temporary jobs in June.

According to the latest report from the U.S. Labor Department, 13,000 more jobless claims were filed in the last week of June, bringing the total number of claims filed this past week to 472,000.

The Labor Department released new jobs numbers on Friday that revealed a spike in temporary employment in May, and a lag in private sector hiring

The stock market tumbled again Thursday after investors' already bleak view of the world economy worsened with another drop in the euro and disappointing U.S. employment news.

The Labor Department reports today that 290,000 jobs were added to the economy in April.

The US unemployment rate is still at 9.7 percent, but the economy had its largest job gain in 3 years.

If the Senate passes the fix-it bill with no changes, it will go to the president for his signature. If there are major changes, the bill heads back to the House.

Tax breaks for employers who hire unemployed workers.

"Let's seize reform. It's within our grasp," the president said in Philadelphia yesterday.