News Source: Australian Broadcasting Corporation
| 22 days ago
The latest figures show the unemployment rate rose to 10.2 per cent in October, a new 26-year high. For 22 months the US economy has shed jobs, the longest run of monthly job losses in 70 years. The US Labor Department says another 190,000 jobs were...
News Source: Truthdig
| 22 days ago
In news that President Obama has described as “sobering,” the U.S. unemployment rate for October has broken into the double digit range, as 10.2 percent of people in the U.S. are without jobs, the highest unemployment has been since April 1983.
News Source: Al Jazeera
| 22 days ago
The largest job losses over the month were in construction, manufacturing, and retail trade. Long-term unemployed Tom Bemis of Marketwatch.com in London, told Al Jazeera that the US economy had grown in the last quarter and that the US...
News Source: Asian Wall Street Journal
| 22 days ago
Since the start of the recession in December 2007, the number of unemployed has increased by 8.2 million and the unemployment rate has grown by 5.3 percentage points. The unemployment figures for October strengthen the Federal Reserve's view that...
News Source: Reuters
| 22 days ago
President Barack Obama said on Friday the jump in the unemployment rate to 10.2 percent in October was a "sobering" figure that underscored the economic challenges ahead. Obama, speaking after the U.S. jobless rate unexpectedly rose to a 26 1/2-year...
News Source: Reuters
| 22 days ago
A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday. "Today's employment report contained both signs of hope...