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A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work. Never mind that the economy itself grew in the last quarter, that the recession, as measured by the precise formulas used by economists, is over and that the number of jobs .. more »

Washington: For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 per cent. A year after his election Obama finds it increasingly difficult to blame the sour economy on George W Bush or offer reassurances that jobless Americans will soon find work. Never .. more »

WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. The Labor Department said on Friday that employers cut 190,000 jobs in October, more than the 175,000 markets had expected .. more »

A labor department report showed on Friday that employers cut 190,000 jobs last month, more than the 175,000 markets had expected. Economists had looked for the jobless rate to rise to only 9.9 percent from 9.8 percent the prior month. The government revised job losses for August and September to show 91,000 fewer jobs lost than previously .. more »

ST ANDREWS, Scotland (Reuters) - British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal on tackling climate change as developing nations held firm they did not want to talk about it. Darling is hosting the third meeting of Group of 20 finance ministers and central bankers this year in St .. more »