The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% -- its highest level since April 1983.
The 650,000 jobs created or saved by the stimulus package so far make up only a small step toward correcting the gap between the tens of millions of unemployed people and the few openings that those people are fighting over.
U.S. stocks were set to fall Friday after the government reported higher-than-expected payroll losses for October and an increase in unemployment.
Stocks rallied Thursday, with the Dow industrials topping 10,000, after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales.
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations.
The nation's employment picture continued to deteriorate in October, although the rate of decline continued to slow, according to two reports issued Wednesday.
Stimulus may have created or saved 640,000 jobs so far, but many of those positions were never intended to last.
The largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.
The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% -- its highest level since April 1983.
The 650,000 jobs created or saved by the stimulus package so far make up only a small step toward correcting the gap between the tens of millions of unemployed people and the few openings that those people are fighting over.
U.S. stocks were set to fall Friday after the government reported higher-than-expected payroll losses for October and an increase in unemployment.
Stocks rallied Thursday, with the Dow industrials topping 10,000, after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales.
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations.
The nation's employment picture continued to deteriorate in October, although the rate of decline continued to slow, according to two reports issued Wednesday.
Stimulus may have created or saved 640,000 jobs so far, but many of those positions were never intended to last.
The largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.
The economy is growing again. So when are the jobs that go with growth going to get here?
The number of Americans filing for initial unemployment insurance were little changed last week, the government said Thursday, with a total figure that missed analysts' expectations.
Detroit continued to lead the nation's cities of 1 million people or more with the highest unemployment rate in September, according to government figures released Wednesday.
The number of first-time filers for unemployment insurance rose last week, snapping two weeks of significant declines, according to a government report issued Thursday.
Fewer states posted an increase in unemployment in September, even as the national rate recently hit a 26-year high of 9.8%.
Is anybody out there hiring? Seriously. I'm not looking for a job but I'd like to know if any major corporations are actually looking to boost their headcount anytime soon. Do I hear crickets?
The number of U.S. workers filing new claims for jobless insurance unexpectedly fell last week to the lowest level since January, according to a government report on Thursday that hinted at stabilization in the labor market.
The U.S. Chamber of Commerce, in an effort sure to rankle Democrats, is launching a multi-million dollar media blitz to promote job growth and raise alarm bells at what it sees as dangerous economic policies.
Is the largest one-time economic recovery effort in U.S. history creating jobs?
The number of first-time filers for unemployment insurance fell last week to the lowest level since January, according to a government report issued Thursday.
Australia's raising interest rates! The global recession is over! The only question now is how strong and fast the economic rebound will be. Hip hip hooray!
The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and will pass 10 percent, former Federal Reserve Chairman Alan Greenspan said Sunday.
The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and "penetrate" the 10% barrier, former Federal Reserve Chairman Alan Greenspan said Sunday.
Employers cut more jobs from their payrolls in September and the unemployment rate hit another 26-year high, as the long-battered U.S. labor market took an unexpected turn for the worse, according to a government report Friday.
U.S. stocks were set to open lower Friday as investors reacted to a worse-than expected government report on the job market.
The number of first-time filers for unemployment insurance jumped last week, according to a government report issued Thursday, with the increase exceeding economists' forecasts.
The number of U.S. metropolitan areas with jobless rates above 10% decreased in August, according to government figures released Wednesday.
Private sector employment fell more than expected in September, but the pace of job losses continued to slow, according to a report released Wednesday.
New filings for unemployment insurance fell for a third straight week, the government said Thursday, surprising economists.
More than a million people could receive an additional 13 weeks of unemployment benefits under a bill approved by the House on Tuesday.
The House approved a measure last night that would extend unemployment benefits again. More than a million people could receive an additional 13 weeks of unemployment. Here's how to cope if you're running out of unemployment benefits.
Jobless Americans in high-unemployment states would see their benefits extended for another 13 weeks under legislation to be considered by Congress next Wednesday.
Five states posted jobless rates above 12% in August, according to federal data released Friday.
The number of Americans filing for initial unemployment insurance fell last week, and ongoing claims also dropped, the government said Thursday.
Stocks rallied Friday in a thinly traded session ahead of the Labor Day weekend, as investors focused on the positives in a mixed report on the labor market.
Employers trimmed fewer jobs in August than they did the prior month, but the unemployment rate jumped to a 26-year high, the government reported Friday.
Tomorrow we'll get the latest unemployment figures. And if you've gotten a pink slip, or you've been unemployed for a while, here is what you need to know.
Stocks slipped Wednesday, ending a choppy session lower following the previous day's battering as nervous investors continued to worry that the market rally may have outpaced any recovery.
The pace of U.S. job losses has slowed, but we're not out of the woods yet, according to two reports released Wednesday.
German unemployment fell unexpectedly in August, helped by government action to safeguard jobs, as the country's economic rebound left rival eurozone economies trailing.
The number of Americans filing for initial unemployment insurance fell last week, and the number filing for ongoing claims also sank, the government said Thursday.
The mood regarding the U.S. economy may be inching, ever so slowly, toward optimism. But don't expect to see much improvement on the jobs front anytime soon. The economy's following a script for a jobless recovery, and unemployment is likely to stay high, if not get slightly worse.
The number of states posting a decrease in the unemployment rate in July more than tripled from the previous month, according to a government report released Friday.
The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday, surprising economists.
In a recent CNN commentary entitled "Green jobs: hope or hype?" Samuel Sherraden argues that green job creation will be insufficient to bring America out of recession. But Sherraden narrowly defines green as a "sector," and fails to see its potential as a strategy for the revitalization of the entire economy.
The number of Americans filing claims for first-time unemployment benefits rose last week, while the total jobless rolls decreased, the government said Thursday.
The long-battered U.S. job market showed some signs of improvement in July as employers cut far fewer jobs from payrolls and the unemployment rate fell for the first time in more than a year, according to a government report Friday.
The next bubble in the recession is about to burst.
The number of Americans filing first time claims for unemployment benefits fell last week, while the number of people requesting ongoing benefits rose, the government said Thursday.
Stocks lost ground Wednesday as investors became cautious in the wake of some weaker-than-expected economic reports.
Private-sector employment recorded its smallest monthly drop in nine months during July, but the number of job cuts announced in the month spiked 31%, according two reports released Wednesday.
In today's uncertain job market, even the jobs once marked as "recession-proof" are not as safe as we thought. So where should you focus your job search?
The Detroit metropolitan area held its position of having the highest unemployment rate among major U.S. cities, with the rate surging more than 2 percentage points to above 17%, the government reported Wednesday.
The number of Americans filing for initial unemployment insurance rose last week, but the jump could be due to continued volatility from the auto industry meltdown.
Michigan became the first state in 25 years to suffer an unemployment rate exceeding 15%, according to a report released Friday by the Labor Department.
The number of Americans filing initial unemployment insurance claims fell to the lowest level in six months, according to government data released Thursday -- but the drop may be attributable to quirks in the auto industry rather than improvement in the economy.
Extended unemployment benefits may be available for Americans who exhaust their standard jobless insurance -- but the programs, as well as who's included in government data, can be confusing.
The number of Americans filing initial unemployment claims fell sharply last week, while those filing ongoing claims rose to another all-time high, according to government data released Thursday.
They are two presidents from different parties but have striking similarities.
Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
President Obama on Thursday called the nation's latest unemployment figures sobering, but said the economic recession is slowing.
It looks like someone may have sprayed a healthy dose of Ortho Weed B Gon on those economic green shoots.
The battered U.S. labor market took a step backwards last month as employers trimmed more jobs from their payrolls in June, according to a government report Thursday.
The pace of U.S. job losses has slowed but the labor market is expected to remain weak, according to reports released Wednesday.
The unemployment crisis is a nationwide concern, but the collapse of the auto industry has made joblessness in Detroit particularly painful.
The number of Americans filing for initial unemployment insurance rose unexpectedly last week, to the highest level in more than a month, according to government data released Thursday.
Forty-eight states and the District of Columbia recorded unemployment rate increases in May, the government reported Friday. One state registered a rate decrease, and one state had no rate change.
The number of Americans filing for initial unemployment insurance rose slightly last week, while the number filing ongoing claims fell for the first time since the start of the year, according to government data released Thursday.
The number of Americans filing for initial unemployment insurance fell more than expected last week, but ongoing claims ticked higher, according to government data released Thursday.
Stocks struggled Friday at the end of another up week for Wall Street as investors welcomed a report showing that the pace of job losses is starting to slow, but showed caution after the market's recent advance.
Job losses slowed dramatically in May, according to the latest government reading on the battered labor market, even as the unemployment rate rose to a 26-year high. But some experts cautioned that the job market remains weak.
U.S. stocks were set for a higher open Friday, as a government report offered signs of stabilization in the labor sector.
The last thing the battered U.S. labor market needs are the current problems at GM and Chrysler.
Stocks rallied Thursday, led by energy, financial and tech shares, as investors welcomed signs of improvement in the labor market ahead of the big monthly jobs report.
Ongoing claims for unemployment insurance declined for the first time since January, and the number of initial claims fell slightly, according to government data released Thursday.
Stocks slipped Wednesday, as a four-session advance lost steam, after mixed readings on the economy and ahead of retail sales and labor market reports due later this week.
There were 13 unlucky cities with unemployment rates topping 15% in April, and another 93 saw joblessness climb above 10%, according to a government report released Wednesday.
The pace of U.S. job losses -- while still fairly strong -- may be abating, according to a couple of reports released Wednesday.
The employment situation in the states showed signs of stabilizing last month.
In two indications of continuing job market weakness, a drop in the government's weekly reading of initial unemployment claim filings failed to match the surge of the prior week, and the number of people filing on an ongoing basis rose to a record high for the 16th straight week.
In the midst of a recession, massive job loss announcements have become commonplace. But after some reports Wednesday, economists are starting to talk about a job market recovery.
Auto industry job losses led to a surge in the number of people filing initial claims for unemployment benefits last week, according to a government report released Thursday.
President Obama announced new steps to help unemployed Americans on Friday, targeting people who are out of work and want to go back to school.
The euro hit a one-month high above $1.35 Friday after better-than-expected U.S. payrolls data bolstered hopes for an economic recovery and dented safe-haven demand for the dollar.
The unemployment rate hit a 25-year high in April, but there were signs of hope as the monthly job loss total fell to the lowest level in six months.
The number of people filing initial claims for unemployment benefits fell last week, to their lowest level in more than 3 months, according to a government report released Thursday, suggesting the pace of decline in the job market is slowing.
Stocks surged Wednesday, with financial issues leading the way, after reports about the government's "stress tests" suggested that the major banks are better capitalized than some had thought.
The pace of U.S. job losses may be slowing, according to two private reports released Wednesday.
The number of initial claims for unemployment insurance fell last week, with the number of people collecting benefits overall hitting a fresh record high of 6.27 million, according to a government report released Thursday.
Unemployment rates in 109 metropolitan areas reached 10% or higher in March, almost eight times more than a year earlier, according to a government report released Wednesday.
Detroit's Big Three could soon become the Big Two or even the Big One.
The number of initial claims for unemployment insurance rose last week, with the number of people collecting benefits overall climbing to a record 6.14 million, according to a U.S. government report released Thursday.
Initial jobless claims plunged to 610,000 in the week ended April 11, reported the U.S. Department of Labor.
The number of people filing initial claims for unemployment benefits fell last week, while those filing for continuing claims hit an all-time high for the 11th straight week, according to a government report released Thursday.
Unemployment at a 25-year high. Housing prices continuing to fall. Corporate titans such as General Motors on the brink of bankruptcy. There's no lack of bad economic news.
Job losses continued to mount in March and unemployment hit a 25-year high, according to the government's latest reading on the battered labor market Friday.
The labor market is still a mess, but you wouldn't know that from the way investors are reacting.
Stocks struggled higher Friday morning as investors eyed a wretched March jobs report at the end of another up week on Wall Street.
At the end of an already ugly week for jobs, the Labor Department is expected to report Friday that the economy shed another 658,000 jobs in March and the nation's unemployment rate will rise to 8.5%.
The number of people filing initial claims for unemployment benefits unexpectedly rose last week, while those filing continuing claims hit an all-time high for the 10th straight week, according to a government report released Thursday.
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