Former Fed chief Greenspan says jobless rate likely to pass 10 percent, stay there a whileOctober 4th, 2009 Greenspan: Jobless rate likely to pass 10 percentWASHINGTON — Former Federal Reserve Chairman Alan Greenspan predicts that the unemployment rate will push past 10 percent and stay at that level for a while. "Pretty awful" is how Greenspan describes Friday's report that the unemployment rate has risen to 9.8 percent.
Obama says 9.8 percent jobless rate a sobering reminder of hard task of reversing recessionOctober 2nd, 2009 Obama: New jobless number a sobering reminderWASHINGTON — President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts. He says the new unemployment numbers also serve as a reminder that the country needs to "grind out this recovery step by step."
Obama made the comments after the Labor Department reported that the unemployment rate rose to 9.8 percent in September as employers cut more jobs than expected.
Jobless rates improve in most metro areas in August, though many workers likely discouragedSeptember 30th, 2009 Jobless rates drop in most metro areas in AugustWASHINGTON — The August unemployment rate fell in about 60 percent of metropolitan areas from the previous month, as layoffs ease nationwide. The jobless rate dropped in 232 of 380 metro areas, according to an Associated Press analysis of Labor Department data released Wednesday.
Mexico's unemployment rate hit 6.28 percent in August, highest rate since mid-1990sSeptember 22nd, 2009 Mexico's jobless rate at 6.28 percent in AugustMEXICO CITY — Mexico's unemployment rate rose to 6.28 percent in August, the highest rate in more than 13 years. The National Statistics Institute says the jobless rate among the country's roughly 45 million workers was up from 4.2 percent in August 2008 as the country continues to feel the effects of the world recession.
Summary Box: Housing starts, jobless claims reports signal fragile recoverySeptember 17th, 2009 Summary Box: Mixed reports on housing and jobsGOOD NEWS: Housing construction rose in August, while fewer laid-off workers sought jobless aid last week, more evidence that the recession is over. BAD NEWS: The housing gain was due solely to an increase in apartment-house building, while construction in the much-larger single-family-home segment fell for the first time in six months.
Summary Box: July unemployment rises in 44 percent of metro areas, was 90 percent in JuneSeptember 1st, 2009 Summary Box: Metro jobless rates improve in JulyGLASS HALF-FULL: About 44 percent of the nation's 380 largest metro areas saw their unemployment rates rise in July, a sharp improvement from June, when more than 90 percent reported an increase. Another 44 percent saw their rates drop.
Michigan jobless rate dips slightly to 15 percent in July, first drop in more than a yearAugust 19th, 2009 Michigan jobless rate dips slightly to 15 percentLANSING, Mich. — Michigan's monthly unemployment rate has dropped for the first time in more than a year.
Newark unemployment rate surged to 14.3 percent in June, highest since July 1994August 7th, 2009 Newark jobless rate surged to 14.3 percent in JuneNEWARK, N.J. — Job losses are undermining turnaround efforts in New Jersey's largest city, where the unemployment rate reached a 15-year high in June.
Summary Box: Jobless claims drop in positive sign for economyAugust 6th, 2009 Summary Box: Jobless claims drop as layoffs slowWHAT HAPPENED: The government said Thursday that initial jobless claims fell to 550,000 last week from 588,000 the previous week. While still high, new claims have dropped by about 50,000 in the past month.
Summary Box: Jobless claims dip, but unemployment rate expected to keep risingJune 4th, 2009 Summary Box: Jobless claims dip, but work scarceJOBLESS CLAIMS EASE: The number of newly laid-off workers filing initial claims for unemployment insurance fell Thursday, and so did the total number of people on the jobless benefit rolls. JOBS STILL SCARCE: Still, the drops were small and there is little indication companies are hiring.
Poland's jobless rate falls to 11 percent in AprilMay 9th, 2009 Poland's jobless rate down to 11 percent in AprilWARSAW, Poland — Poland's jobless rate dropped to 11 percent in April from 11.2 percent the month before, according to government statistics released Friday. Labor Minister Jolanta Fedak said some 1.72 million people in the country of 38 million were without a job at the end of April — 28,000 less than the previous month.
Japan jobless rate up, household spending down in MarchMay 1st, 2009 Japan jobless rate up, spending down in MarchTOKYO — Japan says its jobless rate rose and household spending fell in March. Friday's government announcement shows the world's second-largest economy is still faltering.
Treasury prices mixed after decline in jobless claims, drop in personal spendingApril 30th, 2009 Treasurys mixed after data on jobless claimsNEW YORK — Treasurys ended mixed Thursday after data showed a surprise decline in jobless claims but also a drop in personal spending. In a positive sign for the economy, the Labor Department said initial jobless claims fell by 14,000 last week to 631,000.
Polish unemployment rate rises to 11.2 percent in MarchApril 27th, 2009 Polish jobless rate rises to 11.2 percent in MarchWARSAW, Poland — Poland's jobless rate rose to 11.2 percent in March from 10.9 percent the previous month, according to government statistics released Monday. The Central Statistical Office said that almost 1.76 million people in the country of 38 million were unemployed at the end of March — an increase of 40,000 compared with the previous month.
Taiwan's jobless rate hits record of 5.8 percent in March amid recessionApril 22nd, 2009 Taiwan's jobless rate hits record high of 5.8 pctTAIPEI, Taiwan — Taiwan's jobless rate hit a record high of 5.8 percent in March, rising for the eleventh straight month amid an economic slump, the government said Wednesday. The Directorate-General of Budget, Accounting and Statistics said in a statement the number of unemployed workers rose to 630,000 from 624,000 in February with the increase coming from company closures and layoffs.
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