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.
Despite much hope that Americans are finally thawing out of their year-long self-imposed shopping freeze, store sales last month were good in pockets -- but not great, as many analysts were hoping.
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.
Major automakers reported Tuesday that their October sales rebounded following a weak September, as an increase in the number of cars available at dealers helped to get sales moving once again.
Stimulus may have created or saved 640,000 jobs so far, but many of those positions were never intended to last.
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.
Despite much hope that Americans are finally thawing out of their year-long self-imposed shopping freeze, store sales last month were good in pockets -- but not great, as many analysts were hoping.
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.
Major automakers reported Tuesday that their October sales rebounded following a weak September, as an increase in the number of cars available at dealers helped to get sales moving once again.
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.
A key measure of consumer confidence continued to slip in October, with consumers' gauge of the current economic situation falling to a 26-year low, a research group said Tuesday.
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.
The economy has shown signs of stabilizing or modestly improving in recent weeks, according to the latest Federal Reserve snapshot of regional economic conditions.
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.
Retail sales fell in September after a popular program aimed at boosting auto sales ended, but the drop was smaller than economists had expected, government data showed Wednesday.
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.
Santa's load will be lighter once again, with crucial year-end holiday sales expected to decline for a second year in a row, according to an industry forecast Tuesday.
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 nation's service sector expanded in September for the first time in more than a year, according to a report from a purchasing managers' group released Monday.
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.
Wal-Mart is looking to jump-start holiday sales by expanding last year's $10 toy incentive tenfold, the company said Wednesday.
A key measure of consumer confidence fell in September, after a gain in the previous month, raising concerns about retail sales in the upcoming holiday season, a research group said Tuesday.
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.
A key index of consumer prices rose in August, but sank significantly over the past 12 months, the government said Wednesday.
Retail sales surged in August, with the Cash for Clunkers program giving auto sales an extra boost, the government reported Tuesday.
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.
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.
An index of economic indicators rose in July for a fourth straight month, in another sign that the recession is bottoming, said a report released Thursday.
The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday, surprising economists.
Stocks ended higher Thursday after a choppy session, as the Fed's economic outlook and a positive government debt auction overshadowed a report showing a surprise drop in retail sales.
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.
Two key reports Thursday showed one thing: happy days are not here again for American consumers.
The number of Americans filing claims for first-time unemployment benefits rose last week, while the total jobless rolls decreased, the government said Thursday.
Retail sales fell unexpectedly in July after two straight months of gains, the government reported 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.
When economist Dennis Gartman told subscribers of his newsletter in the fall of 2007 that the U.S. was entering a recession, the Dow was at 13,500, and the official government call wouldn't come for another full year.
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 pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1% -- far less than it did in the first quarter, according to a government report released Friday.
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.
Stocks ended mixed Tuesday as investors weighed a weaker-than-expected consumer confidence report and a better-than-expected housing report in the aftermath of a big rally.
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.
A key index of consumer prices rose more than expected in June but showed the largest year-over-year decline since January 1950, the government said Wednesday.
Technology stocks were expected to lift the overall market at Wednesday's open after Intel topped analysts' expectations for the prior quarter and gave a positive second-half outlook.
Retail sales rose for the second straight month in June, the government reported Tuesday, but the gains came mostly from auto purchases, higher gas prices and a modest pick up in electronics sales.
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.
Most major automakers reported weaker than expected U.S. sales for June, proving yet again that the industry's pain hasn't ended. But there are some glimmers of hope.
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.
Should the Federal Reserve be more worried about the threat of inflation on the long-term horizon, or deflation in the short-term?
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.
A key index of prices paid by consumers showed the largest year-over-year decline since April 1950, primarily due to sinking energy prices, the government said Wednesday.
U.S. stocks were set to open mixed Wednesday, showing little reaction to the latest figures on inflation, as investors awaited more details about President Obama's plan to overhaul financial regulation.
Wholesale prices jumped slightly in May, the government said Tuesday, but the increase was less than expected and the 5% annual rate of decline was the sharpest since 1949.
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.
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 nation has a 'flation problem. But it is deflation or inflation? Or maybe it's disinflation, stagflation or hyperinflation?
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