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Jobless Rate Hits 10.2% in October, a 26-Year High

Tōkyō : Japan | about 1 month ago  
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  • The weaker-than-expected Labor Department report showed an official jobless rate of 10.2 percent
    The weaker-than-expected Labor Department report showed an official ...
    Source: AFP
The weaker-than-expected Labor Department report showed an official ...
While the pace of the job losses has slowed significantly since the peak of the recession last winter, the unemployment rate, which measures the number of people actively seeking work, continues to climb, and economists do not foresee relief until well into next year. “There’s no doubt that the...
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  • News Source: Washington Post | 29 days ago
    The jump in the unemployment rate to 10.2 percent, reported Friday, suggests that the job market could take longer than expected to recover and deepens the pressure on President Obama to come up with more immediate solutions. The jobless rate...
  • News Source: Washington Post | about 1 month ago
    Employers also continued slashing jobs, though at a slower rate than September, showing that even though the economy is expanding, the job market remains dismal. The crossing of that symbolic 10 percent barrier is likely to weigh on both the...
  • News Source: International Herald Tribune | about 1 month ago
    While the pace of the job losses has slowed significantly since the peak of the recession last winter, the unemployment rate, which measures the number of people actively seeking work, continues to climb, and economists do not foresee relief until...
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  • Blog Source: rightisright113.blogspot.com
    Jobless Rate Jumps to 10.2%. U.S. employers cut a deeper-than-expected 190000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years. ...
  • Blog Source: www.dailyfinance.com
    The increase topped analyst expectations of 175000 lost positions and a rise in the jobless rate to 9.9 percent. But now that the 10-percent mark has been breached, what does it mean for investors, and more important, those looking for work ? Let's
  • Blog Source: sweetness-light.com
    The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190000 jobs in October, less than the downwardly revised 219000 lost ...
  • Blog Source: www.economicpolicyjournal.com
    Jobless Rate Jumps to 10.2%. The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190000), Bureau of Labor Statistics reported today. Construction employment decreased by ...
  • Blog Source: cryptogon.com
    The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. ...
  • Blog Source: blogs.dailymail.com
    Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994. The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump
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