Archive for May, 2009

Jobless Rate Forecast to Rise into 2010

May 22, 2009 No Comments

Although there’s good news on the economic front, the job market will remain tough for quite some time. The economy will start growing again later this year, but unemployment likely will continue to increase into 2010, according to a forecast by the Congressional Budget Office. In testimony before the House Budget Committee this week, CBO ...

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Unemployment Rises, but Job Cuts Ease

May 8, 2009 No Comments

The tidal wave of layoffs sweeping through the United States may have crested, but it’s still inflicting damage. The unemployment rate jumped to 8.9 percent in April, as employers shed 539,000 jobs, the Labor Department reported today. It was the lowest number of job cuts in six months. “While it’s somewhat encouraging that this number ...

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