The unemployment rate has reached 10.2 percent, as the economy reels from job cuts in construction, manufacturing and retail trade. The U.S. economy lost 190,000 jobs in October, pushing unemployment to the highest rate since April 1983. Since the recession began in December 2007, the nation has lost 7.3 million jobs. Last month, employment fell by ...
The government released the September jobs report today, and the news is bleak. The unemployment rate was 9.8 percent, up from 9.7 percent the previous month, according to the U.S. Labor Department. The jobless rate has reached the highest point in 26 years. Job losses also increased. Nonfarm payrolls dropped by 263,000, compared to the ...
The latest employment figures are out, and the mixed news will add fuel to the debate over whether the job market is improving. On the negative side, the jobless rate for August reached a 26-year high. The unemployment rate hit 9.7 percent, up from 9.4 percent the previous month, the Labor Department reported today. The ...
The unemployment rate dropped slightly in July and job losses slowed, providing some welcome news for the U.S. labor market. The jobless rate fell to 9.4 percent from 9.5 percent the previous month, according to the Labor Department. Employers cut 247,000 jobs in July, compared to a revised total of 443,000 in June. Cuts occurred ...
Accelerating job losses pushed the U.S. unemployment rate slightly higher in June, to 9.5 percent — the highest level in 26 years. Employers cut 467,000 jobs in June, the Labor Department reported today. In comparison, the economy shed 322,000 jobs in May, according to revised figures released by the department. The June losses were spread ...
The U.S. unemployment rate continued its upward climb in May, hitting 9.4 percent. It’s the highest level since August 1983. The good news is that the pace of job losses continues to ease. The economy shed 345,000 jobs last month, according to the Labor Department. In contrast, monthly losses have averaged 643,000 during the previous ...
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 ...
Be prepared for more and more competition for those coveted jobs. The U.S. unemployment rate reached 8.5 percent in March, up from 8.1 percent the month earlier, the Labor Department reported today. A prominent economic forecaster is predicting the jobless rate will peak at 10 percent, either later this year or in 2010. “People have ...