Big June Job Losses Heighten Concerns About U.S. Revival Jul 3, 2009
Employers cut far more jobs than expected in June and the unemployment rate hit a 26-year high, the Labor Department said Thursday, raising concerns that the coming economic recovery won't be strong enough to revive hiring ... "We remain very concerned about the high unemployment rate and we're taking aggressive action to help create jobs," she said. (Investors Business Daily)
Stop The Madness That's Killing Jobs Jul 3, 2009
Worse, the June jobs data mark a milestone of sorts: Our unemployment rate equals that of the no-growth Eurozone nations. Why is this job decline happening. (Investors Business Daily)
Stocks Rise In Soft Trade Ahead of Jobs Report Jul 3, 2009
The unemployment rate is slated to rise to 9. 6. (Investors Business Daily)
Stocks Drop As Job Losses Exceed Estimates Jul 3, 2009
Investors were selling off stocks after a government report said the U.S. unemployment rate hit a 26-year high last month. The Dow Jones industrials were down 212 points to 8,291; the Standard s 500 index was down 26 to 897 and the Nasdaq composite index was down 49 to 1,796. (KWTX.com, TX)
Recession Redux Jul 3, 2009
In June, the economy lost another 467,000 jobs, pushing the unemployment rate up to 9. 5 percent. (Slate)
Brazilian Stocks Retreat on Commodities Drop, Rising U.S. Jobless Rate Jul 3, 2009
July 2 (Bloomberg) -- index fell to the lowest level in a week after commodity prices sank and a report showed the unemployment rate in the U.S., the countrys second- biggest export market, rose to the highest since 1983 ... U.S. employers cut 467,000 jobs in June and the unemployment rate rose, adding to concern of a prolonged recession. (Bloomberg)
Payrolls in U.S. Fall More Than Forecast, Unemployment Restraining Wages Jul 3, 2009
July 3 (Bloomberg) -- Employers in the U.S. cut more jobs than forecast in June and the unemployment rate rose to the highest in almost 26 years, limiting wages and threatening to erode the consumer spending essential to an economic recovery. Payrolls declined by 467,000 and followed a 322,000 in May, according to Labor Department figures released yesterday in Washington. (Bloomberg)
Older job seekers struggle to overcome age barrier Jul 3, 2009
The Labor Department reported Thursday that employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9. 5 percent. (Republican-American)
Labor Department reports fewer jobs, lower wages Jul 3, 2009
By comparison, the rise in the unemployment rate for June was small, up just a tenth of a percentage point to 9 ... 5 percent: Unemployment rate in June 2009 ... August 1983: Last time the unemployment rate was this high. (The Augusta Chronicle)
One consolation for Atlanta: jobless woes worse elsewhere Jul 3, 2009
As the unemployment rate continues climbing toward double-digits in metro Atlanta, jobseekers have the cold comfort of knowing that the market is much worse in some other places ... We are not going to see significant turnaround in the housing market until we see significant improvement in the unemployment rate. (Atlanta Journal-Constitution -- Business)
Power Breakfast: Unemployment, parking deck, Streets of Buckhead, Beazer, McDonald’s Jul 3, 2009
Economists are expecting the national unemployment rate to rise to 9 ... The unemployment rate is expected is hit double digits by the end of the year. (Atlanta Journal-Constitution -- Business)
New Safeway Store Offers Relief, Jobs In SCC Jul 3, 2009
-- Although the unemployment rate is hovering around the 10 percent mark in Santa Cruz County, the county's employment development department said there are still jobs out there ... The employment development department said they think these new jobs will help lower the unemployment rate in places like Watsonville, which has seen unemployment levels reach as high as 22. (KSBW 8, CA)
About 25,000 to exhaust Pa. jobless checks in July Jul 3, 2009
Daily American - About 25,000 to exhaust Pa. jobless checks in July. (Somerset Daily American, PA)
Smiley: Citizens have the power to change nation Jul 3, 2009
Obama dazzled his supporters with his clever, yet inspirational speeches filled with promises and plans to tackle the war in Iraq, provide healthcare for all Americans and create job opportunities to cut down the unemployment rate. He traveled throughout the nation delivering a message of change in the White House no longer would there be the same old politician assuming the role of the President of the United States, said Smiley. (The Maroon, LA)
Idaho jobless rate climbs to 8.3 percent Jul 3, 2009
3 percent Unemployment in south-central Idaho lower than state, national averages By Jared S. HopkinsTimes-News writer Idaho's unemployment rate in June rose to 8 ... A year ago, Idaho's unemployment rate was 4 ... Still, nearly all Magic Valley counties saw unemployment rates below the state and national averages. (Burley South Idaho Press, ID)
Cool down with a fan and iced tea Jul 3, 2009
With the unemployment rate now at 9. 5% and continuing to rise, Americans need real solutions that help them find work not bigger government, higher taxes, increased federal spending and an unsustainable national debt. (Atlanta Journal-Constitution -- Opinion)
US stocks sent reeling by high unemployment rate (Update) Jul 3, 2009
6 percent after the government said the U.S. unemployment rate hit a 26-year high ... "You're going to get bad news." Williams predicted the unemployment rate is likely to reach 11 percent ... Eurostat, the statistics office of the EU, said the seasonally-adjusted unemployment rate for the euro zone in May was 9. (The Star Online, Malaysia -- Business)
Jobs Report Sparks (Extended) Jul 3, 2009
The markets were slammed by crumbling commodities along with the new Labor Department report, which revealed that nearly half a million Americans lost their jobs in June, sending the unemployment rate to new 25-year highs ... The acceleration in job cuts last month pushed the unemployment rate from 9. (Fox News)
GOP Blasts Stimulus Success as Unemployment Rate Rises Jul 3, 2009
House Republicans on Thursday ripped Democrats over their economic recovery plans as the national unemployment rate climbed to 9. 5 percent in June, the highest in 26 years. (Roll Call)
Merkley visits with Lebanon residents (12) Jul 3, 2009
County Commissioner Roger Nyquist said Linn County has among the highest unemployment rate in the state at 16. 2 percent. (Lebanon Express, OR)
ID joblessness at 25-year high Jul 3, 2009
BOISE (AP) -- Idaho's unemployment rate bounced a half of a percentage point to 8 ... The national unemployment rate rose a tenth of a point to 9. (Pocatello Idaho State Journal, ID)
Health Care: Steve Blumberg Jul 3, 2009
If the number of uninsured patients increases and if the unemployment rate increases and things continue to get worse, it s difficult to say. Perhaps the most telling sign is the number of patients who come to us who have lost their coverage. (Jacksonville Business Journal, FL)
Health Care: David Meyer Jul 3, 2009
I think the unemployment rate has peaked. I think that is a good sign because there s a direct link between unemployment and those without health insurance. (Jacksonville Business Journal, FL)
Sputtering Michigan economy sees good news in car plant Jul 3, 2009
Michigan got more good news Friday, when General Electric Co. said it will open a manufacturing technology center in southeast Michigan, where the May unemployment rate was 14. 9 percent. (Helena Independent Record)
Unemployment by the numbers Jul 3, 2009
That pushed the unemployment rate up to 9 ... 5 percent: Unemployment rate in June 2009 ... August 1983: Last time the unemployment rate was this high. (Helena Independent Record)
Brake on upturn: jobless consumers Jul 3, 2009
The nation's unemployment rate rose to 9 ... Once that pace of layoffs eases and the unemployment rate peaks, consumers may get back into a spending mood, according to Merrill Lynch economist Drew Matus ... Though the headline unemployment rate bumped up a tenth of a point in June, the wider measure that includes discouraged and underemployment workers hit 16. (Huntington WSAZ-TV, WV)
Unemployment: 9.5%; Obama says he's 'deeply concerned' Jul 3, 2009
The unemployment rate edged up only slightly, to 9 ... The unemployment rate for Americans age 16 to 19 jumped to 24% from 22. (USA Today -- Money)
Oil prices tumble as Europe and U.S. shed jobs Jul 3, 2009
The seasonally adjusted unemployment rate for the euro zone in May stood at 9. 5. (USA Today -- Money)
Survey: Midwestern economy has bottomed out Jul 3, 2009
Goss expects Minnesota s rising unemployment rate to top out at 8. 5 percent in the third quarter of 2009. (Twin Cities Business Journal, MN)
U.S. employers cut more jobs Jul 3, 2009
June unemployment rates for individual states are scheduled to be announced July 17. North Carolina s unemployment rate rose to 11 ... The unemployment rate in Mecklenburg County increased to 11 percent in May from 10. (Charlotte Business Journal, NC)
A New Jersey Charity Seeks Serious Inquiries for Historic 35mm Film Print of Michael Jackson's "Thriller" Music Video Jul 3, 2009
" Eva's Village, located in the heart of Paterson, at 393 Main Street, has been a source of food, shelter, recovery services and healthcare for the homeless in Paterson New Jersey for more than 25 years. Recently, the unemployment rate in America was reported to be 8.9% for most, but 15.4% when counting the higher numbers for the chronically poor. At Eva's Kitchen, the daily hot lunch for the New Jersey homeless and working poor has increased from 260 servings per day to more than 400, far more... (Yahoo News -- Press Releases)
Oil prices drop further Jul 3, 2009
Data released Thursday showed US job losses surged to 467,000 in June, pushing the unemployment rate to a 26-year high of 9. 5 percent. (Yahoo News -- Press Releases)
Obama sure of rebound despite job loss figures Jul 3, 2009
US President Barack Obama said the latest surge in job losses was "sobering," after new government figures pushed the unemployment rate to a new 26-year high of 9. 5 percent. (Yahoo! Asia News)
Milwaukee economy remains weak in May Jul 3, 2009
A weak trend persists among economic activity indicators for the metro area particularly among labor market indicators, said Bret Mayborne, economic research director for the MMAC. The overall rate of employment decline deteriorated for the seventh month in a row and the unemployment rate matched (with March) the highest level reached since June 1983. Employment levels in the Milwaukee metro area fell for the 13th consecutive month in May, declining 5. (Milwaukee Business Journal, WI)
Unemployment news depresses stocks Jul 3, 2009
6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest level in six weeks. (Athens Banner-Herald)
Joblessness up; pay down Jul 3, 2009
By comparison, the rise in the unemployment rate for June was small, up just a tenth of a percentage point to 9. 5 percent. (Athens Banner-Herald)
Jobless rate still rising Jul 3, 2009
The June increase in the unemployment rate was the lowest in eight months, but economists said that number doesn't fully reflect the impact of the recession on U.S. workers. The yesterday that the seasonally adjusted unemployment rate edged up to 9 ... Harry J. Holzer, an economist with Georgetown University and the Urban Institute in Washington, D.C., said other numbers in the report more accurately reflect what is happening in the labor force than the widely reported unemployment rate. (Pittsburgh Post-Gazette, PA)
Wall Street Weak jobs data sink US stocks Jul 3, 2009
News that US employers shed nearly half a million jobs last month and the unemployment rate jumped to 9 ... "It's not positive for discretionary stocks. It's not positive for financials -- because there's a direct correlation between the high unemployment rate and charge-offs and delinquent payments.". (Sydney Morning Herald -- Business)
Eurozone unemployment hits 10-year high Jul 3, 2009
The unemployment rate in the 16 euro countries climbed to a 10-year high of 9 ... Some 273,000 jobs were lost across the eurozone in May as the unemployment rate rose to the highest point since May 1999, the European Union's Eurostat data agency estimated ... The May eurozone unemployment rate was up from 9. (Sydney Morning Herald -- Business)
No news in bad news Jul 3, 2009
Yet the unemployment rate reaching a 26-year high was expected and it will get worse. That's what happens in severe, prolonged recessions such as the one gripping the USA.. (Sydney Morning Herald -- Business)
7/2/2009, 9:32am A better turnout? Jul 3, 2009
Watertowns unemployment rate is also an issue and the person who occupies the mayors chair the next four years will hopefully take a lead role in addressing the issue and find ways not only to lower those numbers but bring new jobs and opportunities to our community ... Keep in mind that development means jobs and more jobs means a lower unemployment rate, healthier economy and business climate in the community. (Watertown Public Opinion, SD)
US job losses worse than expected Jul 3, 2009
The unemployment rate is creeping towards 10 ... The unemployment rate was slightly lower than had been expected, but was still the highest since August 1983. (BBC News)
Oil prices tumble Jul 3, 2009
The unemployment rate climbed to 9 ... The seasonally adjusted unemployment rate for the euro zone in May stood at 9. (AZCentral -- News)
Dollar rises Jul 3, 2009
The main piece of good news in the report was that the unemployment rate only rose by a tenth of a percent, said analysts of Global Insight. But the damaging effect of rising unemployment on wages was evident in hourly earnings, which were flat on the month, hurting consumer buying power. (Xinhuanet, China)
Wall Street tumbles Jul 3, 2009
NEW YORK, July 2 (Xinhua) -- Wall Street took a dive on Thursday, after the U.S. government reported that the June unemployment rate hit a 26-year high. The U.S. Labor Department's unemployment figures showed employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9. (Xinhuanet, China)
ECB keeps interest rate unchanged at record low Jul 3, 2009
Hours before the ECB's rate decision, official figures released by the EU's statistics office Eurostat showed that the unemployment rate in the eurozone hit a 10-year high in May, reflecting the current economic woes. Trichet identified increasingly unfavorable labor markets as one of the risks to the economic outlook, but he said the risks were balanced. (Xinhuanet, China)
Oil drops nearly 4% Jul 3, 2009
According to a Labor Department report, U.S. job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-yearhigh of 9. 5 percent. (Xinhuanet, China)
U.S. jobless rate at 26-year high Jul 3, 2009
U.S. unemployment rate at 26-year high_English_Xinhua. U.S. unemployment rate at 26-year high ... Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9. (Xinhuanet, China)
Americans to celebrate Independence Day with fireworks, hotdogs Jul 3, 2009
The U.S. Bureau of Labor Statistics reported that the U.S. economy lost 467,000 jobs in June, and that the unemployment rate is now 9. 5 percent, a 26-year high. (Xinhuanet, China)
EU economy shows signs of touching bottom Jul 3, 2009
Official figures from Eurostat showed that the unemployment rate in the euro zone hit a decade high in May, reflecting the current economic woes which forced companies to cut jobs amid shrinking demand, while the rate within the EU has also jumped to a record level since June 2005 ... With the unemployment rate set to climb to 10. (Xinhuanet, China)
Interview: Mexico needs to fix fiscal position to fight crisis Jul 3, 2009
4 percent unemployment rate is the highest since 1984. On Monday, the Federal Reserve Bank of Chicago reported its economic activity index at -2. (Xinhuanet, China)
Obama: Job figures sobering; recession slowing Jul 3, 2009
Unemployment rate rose for the ninth straight month, climbing to 9 ... The unemployment rate rose for the ninth straight month, climbing to 9 ... Economists had been expecting the unemployment rate to hit 9. (CNN -- US)
Australian Services Index Expands for First Time in 15 Months on Rate Cut Jul 3, 2009
Australian Services Grow for First Time in 15 Months (Update1) - Bloomberg. Updated: New York, Jul 03 04:07 London, Jul 03 09:07 Tokyo, Jul 03 17:07. (Bloomberg -- Australia & New Zealand)
Jobs: A Blow to Optimism Jul 3, 2009
That's the signal the job market seemed to send economic pontificators on July 2, as in June, according to the Labor Dept. The U.S. unemployment rate hit a 26-year high of 9 ... If laid-off workers who have given up looking for emplooyment or have settled for part-time work are counted, the unemployment rate for June was 16. (BusinessWeek)
The Bleak U.S. Jobs Picture Jul 3, 2009
U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9. 5. (BusinessWeek)
Stocks Tumble on Jobs News Jul 3, 2009
For June, nonfarm payrolls fell 467,000, much worse than the 358,000 job-loss figure that the markets were looking for, and the unemployment rate rose to 9. 5% from 9. (BusinessWeek)
US loses 467,000 jobs, unemployment at 9.5% Jul 3, 2009
com - US loses 467,000 jobs, unemployment at 9. US loses 467,000 jobs, unemployment at 9. (Channelnewsasia.com)
After Grim Jobs Report, Obama Pushes Green Jobs Jul 3, 2009
Unemployment Rate Rises in Latest Jobs Report - ABC News ... The department reported this morning that employers shed another 467,000 jobs last month -- more than analysts expected -- and that the unemployment rate rose to 9. (ABC News -- Business)
Expert: DFW employment trends promising Jul 3, 2009
While the unemployment rate hovered nationally at 9 ... Americans who hold a bachelor s degree or higher faced a much lower unemployment rate, according to the Bureau of Labor Statistics' national report ... And when evaluating unemployment by education level, college graduates fared the best with an unemployment rate of 2. (Dallas Business Journal, TX)
Eisai, Fast Retailing, Seven & I, MTI, Mixi, Yokohama Rubber: Japan Stocks Jul 3, 2009
The unemployment rate in the U.S. climbed to the highest in almost 26 years last month. The worsening of U.S. job figures is causing concern the recession will be prolonged, Satoshi Yuzaki, a section manager at Takagi Securities Co. in Tokyo, said in a telephone interview today. (Bloomberg -- Japan)
Japan Stocks Retreat on Slowing Retail Sales, U.S., Europe Employment Data Jul 3, 2009
Europes unemployment rate jumped in May to the highest level since 1999. It took years for us to get into this mess, and its going to take us more than a few months to turn it around, U.S. President said. (Bloomberg -- Japan)
Canada Stocks Fall as U.S. Job Cuts Increase; Suncor Energy, Gerdau Slip Jul 3, 2009
The unemployment rate rose to 9. 5 percent, the highest since August 1983. (Bloomberg -- Canada)
MFS's Shaughnessy Tops Utility Funds With NiSource, AES and El Paso Jul 3, 2009
It is going into the ocean, " Shaughnessy said. The states unemployment rate, 14 percent in May, is the highest in the U.S., according to the . Instead, CMS rebounded by 19 percent this year after plunging 42 percent in 2008. The stock bounced back because it was cheap and priced as if it were on a death watch, Shaughnessy said. Exelon Raises Offer Her biggest holding at the end of May was , the subject of a hostile takeover bid by ., the largest U.S. utility owner by market value.... (Bloomberg -- Canada)
U.S. employers cut more jobs Jul 3, 2009
June unemployment rates for individual states are scheduled to be announced July 17. North Carolina s unemployment rate rose to 11 ... The unemployment rate in Mecklenburg County increased to 11 percent in May from 10. (Business Journal of the Greater Triad Area)
Recession's End Close but Recovery Slow to Gather Strength, BNA Survey Finds Jul 3, 2009
But growth of 2 percent in 2010 is not brisk enough to keep the unemployment rate from rising further: it is forecast to average 9. 9 percent next year. (PR Newswire)
