News Source: Pittsburgh Post-Gazette
| about 1 month ago
The U.S. economy also continued to shed jobs, with 190,000 lost during the month, the Bureau of Labor Statistics reported yesterday. With the unemployment rate hitting its highest point since April 1983, records indicate this is now the second...
News Source: The Age
| about 1 month ago
The weaker-than-expected Labor Department report Friday showing an official jobless rate of 10.2 percent also suggests the Federal Reserve will maintain near-zero interest rates and other efforts to pump up credit to spark growth, say economists. The...
News Source: Inquirer.net
| about 1 month ago
US unemployment jumped to double digits in October for the first time since 1983, reaching 10.2 percent, prompting renewed talk of additional stimulus for an economy struggling to emerge from recession. Friday's Labor Department report, seen as one...
News Source: International Business Times
| about 1 month ago
The Labor Department said the unemployment rate was the highest since April 1983. * Analysts polled by Reuters had expected payrolls to drop by 175,000 and the jobless rate to edge up to 9.9 percent from 9.8 percent in September. * The labor market...
News Source: The Guardian
| about 1 month ago
The US unemployment rate has broken through 10% for the first time since the early 1980s in a fresh sign of financial misery at grassroots level in the world's biggest economy . Monthly figures from the US department of labour revealed that employers...