10 percent jobless rate adds to pressure on Obama Nov 7, 2009
"It is hard to fathom that, according to the White House estimates earlier this year, the stimulus was supposed to help cap the unemployment rate at 8.5 percent. Here we are today with both an unemployment rate and a fiscal deficit-to-GDP ratio both north of 10 percent.". Cary Leahey, senior economist at Decision Economics, said the rise in joblessness poses new challenges for Obama. (Sydney Morning Herald -- World)
Read the story Nov 7, 2009
Unemployment Rate Soars Past 10 Percent - CBS News ... Unemployment Rate Soars Past 10 Percent ... (CBS/ AP) The U.S. unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher. (CBS News -- Evening News)
Wal-Mart, Amazon, Target in DVD price war Nov 7, 2009
The retailer knows that while the economy has been improving, consumers are still worried about the high unemployment rate heading into the holidays and will likely want to duplicate some of the bargains they experienced last year. Wal-Mart's DVD price cut follows its announcement late last month that it would reduce prices weekly on top-selling items from bananas to board games and hold those cuts through the holiday season. (MSNBC -- Technology)
Hip Berlin Goes Corporate Nov 7, 2009
Although the unemployment rate of 13. 6% is Germany's highest, Berlin ranks near the top nationally in job creation. (BusinessWeek)
PINE BLUFF-AREA UNEMPLOYMENT FALLS, STILL HIGH IN STATE Nov 7, 2009
The Pine Bluff area s unemployment rate dropped to 8 ... However, the September 2008 unemployment rate was 6 ... Statewide, the September unemployment rate was 6. (Pine Bluff Commercial, AR)
Easing job losses point to slow recovery Nov 7, 2009
Surge in unemployment rate weighs heavily on economy, confidence ... As jobs continued to disappear the unemployment rate rose to 10 ... A broader measure of labor force strength that includes people who have settled for part-time jobs or stopped looking for work showed an unemployment rate of 17. (MSNBC -- Business)
Food-Stamp Use Soars In Sour Economy Nov 7, 2009
State officials attribute the rising number of those to the depressed economy and high unemployment rate. And the local numbers simply mirror an increase in need of families across the nation. (News4Jax.com, FL)
Sector Snap: Airline Shares Rise Nov 7, 2009
The broader market also gained, as investors shrugged off another rise in the national unemployment rate, which the government said Friday broke above 10 percent last month for the first time in 26 years. The Dow Jones industrial average inched higher by 17. (ABC News -- Wire)
Some holiday cheer Nov 7, 2009
The unemployment rate hit a 26-year high yesterday, but the Grinch hasn't nabbed Christmas just yet ... Moreover, the unemployment rate itself is less useful for predicting shopping habits than the rate at which unemployment is falling or rising ... The unemployment rate hit a 26-year high yesterday, but the Grinch hasn't nabbed Christmas just yet. (New York Post -- News)
Feds shut Sparta bank as year's total hits 119 Nov 7, 2009
OIL PRICES TUMBLED Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2. (The Augusta Chronicle)
Jobless lifeline moves ahead Nov 7, 2009
Those living in states where the unemployment rate is at 8. 5 percent or above (including New York) get an additional six weeks. (Albany Times Union)
British Airways eyes recovery after 3000 more jobs go Nov 7, 2009
US stocks gained, overcoming the first unemployment rate exceeding 10 per cent since 1983, as analyst upgrades of General Electric and Macy's helped spur optimism that the economy is recovering ... The S&P 500 dropped when the US stock market opened following the bigger-than-estimated decrease in October payrolls and the unemployment rate jumping to a 26-year high of 10. (Sydney Morning Herald -- Business)
Hits keep coming with jobless report Nov 7, 2009
The U.S. economy shed 190,000 jobs in October, and the nation's unemployment rate reached a 26-year high of 10 ... While the pace of 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 ... That's especially bad news for the Northern San Joaquin Valley, which has been especially hard hit by the recession,... (Modesto Bee, CA)
Sector Snap: Airline shares rise Nov 7, 2009
The broader market also gained, as investors shrugged off another rise in the national unemployment rate, which the government said Friday broke above 10 percent last month for the first time in 26 years. The Dow Jones industrial average inched higher by 17. (Fresno Bee -- Business)
Canadian unemployment rises to 8.6% Nov 7, 2009
The Canadian unemployment rate rose to 8. 6 per cent in October, the first rise in two months, as the economy shed 43,000 part-time jobs, official data showed on Friday. (Sydney Morning Herald -- Business)
Dollar Falls on Bets U.S. Jobless Rate of 10.2% Will Keep Fed Rates Low Nov 7, 2009
Nov. 7 (Bloomberg) -- The dollar fell against the euro on speculation the Federal Reserve will keep borrowing costs near zero into next year after the U.S. unemployment rate exceeded 10 percent for the first time since 1983 ... The unemployment rate in the U.S. jumped to 10. (Bloomberg -- US)
How bad is a 10.2 percent unemployment rate? Nov 7, 2009
2 percent unemployment rate ... The unemployment rate is higher ... I don't know much about how the unemployment rate is calculated. (Salon)
Unemployed? What to do... Nov 7, 2009
7 percent: 2008 unemployment rate ... 5 percent: 2007 unemployment rate ... 2 percent: December 2008 unemployment rate. (The Daily Journal)
Oil prices down after US unemployment report Nov 7, 2009
NEW YORK: Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2. (The Star Online, Malaysia)
President Obama calls jump in unemployment rate 'sobering' Nov 7, 2009
President Obama calls jump in unemployment rate 'sobering ... President Barack Obama called the jump in the national unemployment rate "sobering," but defended his administrations economic policies ... "Democrats pledged that the so-called stimulus would create jobs immediately and keep the unemployment rate from going above 8 percent," Boehner said. (TheHill.com)
House Health Care Vote May Not Come Until Sunday Nov 7, 2009
President says he "won't let up" on battling the rising unemployment rate. D-Md. (ABC News)
National Jobless Rate Hits Record High Since 1983 Nov 7, 2009
The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher ... Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17. (KLAS-TV.com, NV)
Voters thinking about jobs, not Obama Nov 7, 2009
Job-seekers outnumber job openings six to one, and the official unemployment rate now stands at 10 ... On the first cloture procedural vote, there were 13 nay votes, some of which were from Senators hailing from states with horrific unemployment rates (both of South Carolina s senators were in this column). (Atlanta Journal-Constitution -- Opinion)
U.S. unemployment rate hits 10.2% Nov 7, 2009
U.S. unemployment rate hits 10 ... U.S. unemployment rate hits 10 ... The U.S. Labor Department reported Friday that employers cut 190,000 jobs in October, sending the unemployment rate up to 10. (Xinhuanet, China)
Unemployment rate tops 10% Nov 7, 2009
WASHINGTON The unemployment rate has hit double digits for the first time since 1983 and is likely to go higher ... The unemployment rate has surpassed 10 percent for the first time since 1983 _ and is likely to go higher ... The unemployment rate has surpassed 10 percent for the first time since 1983 _ and is likely to go higher. (Atlanta Journal-Constitution -- Business)
Jobless Rate Hits 10.2% Nov 7, 2009
The U.S. unemployment rate jumped from 9 ... 2 million jobs, sending the unemployment rate up 5. (BusinessWeek)
McKinney touts community strengths in troubling times Nov 7, 2009
A series of statistics presented by Self attested to the latter claim, showing the citys unemployment rate of 7. 8 percent compared to the national average of 9. (McKinney Courier-Gazette, TX)
Inventories being kept at minimum for holidays Nov 7, 2009
The government-controlled company continued to see a dramatic surge of borrowers fall behind as the unemployment rate climbs. At the end of last month, about 4. (Honolulu Advertiser)
Oil settles lower after US unemployment report Nov 7, 2009
FILE - In this file aerial photo of Monday, Nov. 2, 2009, an oil storage facility is shown in Linden, N.J. Oil prices tumbled Friday Nov. 6, 2009 after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983 ... Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. (Muscatine Journal, IO)
A last shoe waiting to drop in upstate New York Nov 7, 2009
I even saw where the unemployment rate is up to 10. 2% even after Obama lied and said that if we passed his government stimulus unemployment wouldn t go over 8. (Atlanta Journal-Constitution -- Metro)
Oil tumbles after US jobless rise Nov 7, 2009
Crude oil tumbled after the Labor Department reported that the US unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year ... 8 per cent after the report showed that payrolls fell by 190,000 workers in October, sending the unemployment rate to 10 ... 3 million jobs since the recession began in December 2007, when the unemployment rate stood at 4. (Sydney Morning Herald -- Business)
Fannie Mae seeks $15B more in government aid after 3Q loss Nov 7, 2009
The government-controlled company continued to see a dramatic surge of borrowers fall behind as the unemployment rate climbs. At the end of last month, about 4. (USA Today -- Money)
Businesses honored Friday during banquet Nov 7, 2009
It s impact has been felt countywide, in that it is positively affecting the overall unemployment rate for the county and make the Douglas rate among the lowest in the area. The center grew out of a partnership between the city and ACCT and has the potential to employ 800. (Douglas Daily Dispatch, AZ)
Oil loses more than $2 a barrel as unemployment rises Nov 7, 2009
The U.S. Labor Department said Friday that the economy lost 190,000 jobs in October, while the unemployment rate jumped to 10 ... Economists had been expecting a decline of around 175,000 jobs in October and an unemployment rate of 9. (USA Today -- Money)
US jobless rate hits 10.2% as 190,000 jobs lost Nov 7, 2009
com - US jobless rate hits 10. 2% as 190,000 jobs lost. (Channelnewsasia.com)
Brazil Stocks Drop, Pare Weekly Gain, as U.S. Data Sparks Recovery Concern Nov 7, 2009
Nov. 6 (Bloomberg) -- Brazils fell for the first time in four days as a jump in the U.S. unemployment rate hurt the export outlook for commodity producers, overshadowing a surge in profits at and Gafisa SA.. which about gets 40 percent of revenue from North America, led declines for steelmakers after the U.S. jobless rate exceeded 10 percent for the first time since 1983. (Bloomberg -- Latin America)
Treasury Prices Narrowly Mixed Ahead of Auctions Nov 7, 2009
Treasury prices mostly rose Friday after the government said the nation's unemployment rate climbed to a 26-year-high of 10. 2 percent last month. (ABC News -- Wire)
Business Highlights Nov 7, 2009
WASHINGTON (AP) The unemployment rate has hit double digits for the first time since 1983 and is likely to go higher ... The October unemployment rate reflecting nearly 16 million jobless people jumped from 9 ... News that the nation's unemployment rate rose above 10 percent last month for the first time in 26 years didn't derail the stock market's strong gains in the week, which lifted major indexes more than 3 percent. (ABC News -- Wire)
Teams losing out to economy as fans stay home Nov 7, 2009
6 percent unemployment rate in September - 3 percentage points higher than a year ago. Of the 10 largest counties in the U.S., wages in Maricopa County have had some of the biggest declines with a 7. (AZCentral -- News)
1 comment Nov 7, 2009
8 percent unemployment rate, which is expected to move higher. Even the crazy jobs-saved-or-created campaign is having no discernable impact while the Obamacons try to fight the unemployment rate. (Human Events Online)
10% jobless rate adds to pressure on Obama Nov 7, 2009
Here we are today with both an unemployment rate and a fiscal deficit-to-GDP ratio both north of 10 percent. " Cary Leahey, senior economist at Decision Economics, said the rise in joblessness poses new challenges for Obama. "If you're a politician in Washington of the Democratic variety, this is far worse than last month," he said. "This report is a soft start to the fourth quarter," he said. "It is consistent with a double-dip (recession) or W-shaped recovery. (Channelnewsasia.com)
Full Story Nov 7, 2009
Economists believe more jobs will be lost, and the unemployment rate could possibly reach 10. 5 percent next year because employers remain reluctant to hire. (WSVN-TV Miami, FL)
Obama Signs Homebuyer, Jobless Bill Nov 7, 2009
See which states have the highest and lowest unemployment rates. Which companies received money from the Troubled Asset Relief Program, or TARP. (Click2Houston, TX)
Unemployment Nov 7, 2009
Follow News & Politics. Editor: Updated: Today Topic. (Salon)
When unemployment last topped 10 percent Nov 7, 2009
After the last time the unemployment rate entered double digits, it stayed there for several months, through June 1983 ... 7 percent: Adult male unemployment rate in October 2009 ... 1 percent: Adult female unemployment rate in October 2009. (MSNBC -- Business)
U.S. unemployment hits 10.2 percent, NM at 7.7 percent Nov 7, 2009
The nation s seasonally adjusted October unemployment rate hit 10 ... In New Mexico, the seasonally adjusted unemployment rate was 7 ... 2 million, and the unemployment rate has increased by 5. (New Mexico Business Weekly, NM)
DC Unemployment Rate Hits One Of Highest In Nation Nov 7, 2009
WASHINGTON DC (WUSA) --- The latest unemployment rate data pegs the District with one of the highest numbers ... for a breakdown of unemployment rates in DC, MD, VA. The data compares years 2006 through 2009 ... Compared with Sept. 2006 unemployment rates, the region's unemployment rates have nearly all doubled. (W-USA News, DC)
Legal Sector Loses 5,800 Jobs in October Nov 7, 2009
According to a by the U.S. Bureau of Labor Statistics, as the unemployment rate jumped to 10. 2 percent. (Law.com)
GOP Seizes on Double-Digit Unemployment Figure Nov 7, 2009
House Republican leaders on Friday seized on October s double-digit unemployment rate as proof that Democrats economic stimulus legislation has failed and their proposed $1. 3 trillion health care overhaul will further sink the economy. (Roll Call)
Retraining, education and applications all part of job quest Nov 7, 2009
Currently, the unemployment rate for Halifax and Northampton counties is 13. 1 percent and 10. (Roanoke Rapids Daily Herald, NC)
Canada's Dollar Tumbles as Employers Unexpectedly Cut Payrolls in October Nov 7, 2009
Nov. 6 (Bloomberg) -- Canadas dollar fell after employers unexpectedly cut jobs in October and a report in Washington showed the U.S. unemployment rate rose to a 26-year high, casting doubt on the economic recoverys strength. The Canadian currency dropped for a second day and was the second-worst performer against its U.S. counterpart among the 16 most-traded currencies. (Bloomberg -- Canada)
What recovery? Unemployment shoots past 10 p... Nov 7, 2009
" The Labor Department, using a survey of company payrolls, said the economy shed 190,000 jobs in October. A separate survey of households found 558,000 more people were unemployed last month than in September. Some 15.7 million Americans are out of work. The survey of companies doesn't count the self-employed and undercounts employees of small businesses. So the economic picture could be even more dire. One struggling small business, homebuilder Miller and Smith Inc. of McLean, Va., has trimmed... (San Diego Union-Tribune)
Obama Considers New Steps on Economy, Signs Unemployment Bill Nov 7, 2009
President Barack Obama on Friday said he is considering additional steps to boost the economy including new spending measures and tax cuts as the Labor Department announced that the unemployment rate has risen to 10. 2 percent. (Roll Call)
U.S. Jobless Rate Jumps to 26-Year High of 10.2%, Posing Risk to Recovery Nov 7, 2009
3 million jobs since the recession began in December 2007, when the unemployment rate stood at 4. 9 percent. (Bloomberg -- US)
Canadian Stocks Rise, Led by Metals Producers, as Gold Rallies to Record Nov 7, 2009
The September unemployment rate was 9. 8 percent. (Bloomberg -- Canada)
Demand for cold cereal warms Asheboro economy Nov 7, 2009
As the economy has sagged, as traditional manufacturing jobs continue to be reduced, as the county s unemployment rate hit 8. 9 percent, the relative prosperity of a corporate newcomer has taken on even greater significance. (Business Journal of the Greater Triad Area)
Triumph of fiscal delusion over economic reality Nov 7, 2009
9 per cent early last year, the unemployment rate has risen to 5 ... The best definition of recession is from Treasury: ''A recession is a sustained period of either weak growth or falling real GDP, accompanied by a significant rise in the unemployment rate ... It also implies that the fiscal stimulus will cause the peak unemployment rate to be 1. (Sydney Morning Herald -- Business)
How to squeeze workers to the last drop Nov 7, 2009
This week has been chock-full of but there's also a better than even chance that the overall unemployment rate hits ten percent or higher tomorrow ... That the U.S. would experience a top-line unemployment rate of over 10 percent before the end of 2009 was something most observers of the economy could see coming six months ago, if not earlier ... " I don't want to sugarcoat anything. and have oodles of "butt ugly" charts and graphs that make it abundantly clear that the current labor picture is... (Salon)
Q4 test for US economy Nov 7, 2009
He said over the week that positive news today does not mean there won t be difficult days ahead , pointing to the country s high and rising unemployment rate as a troubling sign for the economy and heartbreaking moments for people who were losing their jobs. The US unemployment rate reached a 26-year high of 9 ... Try as we might to rely on other data such as improving factory orders and home sales as well as expanding manufacturing output as indications that the world s largest economy could... (The Star Online, Malaysia -- Business)
US jobless rate rises to over 10% Nov 7, 2009
The unemployment rate in the US rose to 10. 2% in October, which was its highest rate since April 1983, according to figures from the US Labor Department. (BBC News -- Americas)
How are you faring in this worsening job market? Nov 7, 2009
not only is the unemployment rate so high but the jobs hit the worst seem to be the middle management ones. Phillip. (Atlanta Journal-Constitution -- Business)
Hawaii stocks mixed; Wall St. slightly up Nov 7, 2009
Hawaii stocks were mixed Friday as Wall Street ended up slightly despite government data showing the unemployment rate hit its highest mark in 26 years. Hawaii stocks seeing declines. (Pacific Business News, HI)
Kings County positive amid economic decline Nov 7, 2009
The last time the county wasn't in recession was in November 2008, before the unemployment rate started to really climb, according to ... According to the state Employment Development Department, 40 of California's 58 counties had lower unemployment rates than Kings County in September. (Hanford Sentinal, CA)
U.S. jobless rate tops 10 percent Nov 7, 2009
The nation's unemployment rate jumped from 9 ... "We have known for some time now that the unemployment rate could reach this level, and it is an unacceptable situation," said Secretary of Labor Hilda Solis in a statement. (Denver Business Journal, CO)
U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department reported Friday.• Wall Street rises Nov 7, 2009
NEW YORK, Nov. 6 (Xinhua) -- U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh. U.S. unemployment rate rose by 0 ... U.S. President Barack Obama said the surge in the unemployment rate was a "sobering" figure that underscored the economic challenges ahead. (Xinhuanet, China)
