10 pc jobless is Obama's new world

posted at Indiatimes 21 days ago

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 lost in October was less than one-third the numbe

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U.S. jobless rate hits 26-1/2-year high at 10.2 pct

posted at Reuters 22 days ago

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 »

10% jobless in Obama's new world

posted at Financialexpress 21 days ago

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 »

US Jobless rate surges to 10.2 per cent

posted at Indiatimes 21 days ago

The Labor Department said Friday that employers cut 190,000 jobs in October, more than the 175,000 markets had expected but fewer than the 219,000 lost in September. Taking some of the sting out of the report, job losses for August and September were revised to show 91,000 fewer jobs were lost than previously reported. While that hinted at some .. more »

US jobless rate soars to 26-year high

posted at Indianexpress 21 days ago

The unemployment rate in the US skyrocketed to a 26-year-high of 10.2 per cent in October, as ompanies continued to trim their workforce to cut costs. A whopping 190,000 jobs evaporated in the world's largest economy, last month, mainly in the field of construction, manufacturing and retail sectors. The official data showed that .. more »

US jobless rate tops 10%

posted at Reuters 21 days ago

Nov. 6 - The U.S. unemployment rate surged to a more than 26-year high of 10.2 percent in October and economists fear the rate will climb even further. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please.. more »