Summary Box: Rising pink slips the biggest obstacle to a lasting economic recoveryOctober 2nd, 2009 Summary Box: Another cruel month for jobseekersRISING PINK SLIPS: Employers cut 263,000 jobs in September, after a reduction of 201,000 in August. Even though the economy is in a recovery, companies are still sticking with cost cutting.
Dollar slips on sign growth will slow by year end; investors await economic reportsSeptember 30th, 2009 Dollar slips against euro, pound on economic dataNEW YORK — The dollar slipped against the euro and the pound Wednesday on news the economy likely grew in the third quarter but should slow at the end of the year amid employment and credit worries. Meanwhile, a Midwestern manufacturing report came in weaker than expected.
US stocks fall despite housing gainsSeptember 29th, 2009 NEW YORK - US stocks fell Tuesday amid a drop in consumer confidence and concerns about unemployment, even as data showed housing prices soared in July by the most in four years. Consumer confidence dropped fell to 53.1 points from a revised 54.5 in August, amid rising unemployment, the New York-based Conference Board said Tuesday.
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.
At 9.7 percent, US unemployment rate highest in 26 yearsSeptember 4th, 2009 WASHINGTON - The US unemployment rate jumped to 9.7 percent in August, as employers slashed an additional 216,000 jobs, the Bureau of Labour Statistics reported Friday. While employers cut fewer jobs in August than in July - when 276,000 jobs were lost - the unemployment rate soared to a 26-year high.
Summary Box: Unemployment rate jumps to 26-year high, though job cuts slowSeptember 4th, 2009 Summary Box: Unemployment reaches 26-year highTHE BAD NEWS: The jobless rate jumped to 9.7 percent in August, the Labor Department said Friday, from 9.4 percent in July. That's the highest rate since June 1983.
Dollar slips slightly on productivity, unemployment reports ahead of ECB rate decisionSeptember 2nd, 2009 Dollar slips on productivity, unemployment reportsNEW YORK — The dollar slipped slightly Wednesday on reports that productivity jumped and employers are cutting fewer workers, though layoffs are likely to continue. The 16-nation euro edged up to $1.4273 from $1.4213 it bought late Tuesday, while the British pound rose to $1.6279 from $1.6161.
Dollar Thrift second quarter profit jumps 15 pct, rental sales slip on low demandAugust 4th, 2009 Dollar Thrift 2nd-quarter profit jumps 15 pctTULSA, Okla. — Rental car company Dollar Thrifty Automotive Group Inc.
Earnings roundup: Hi-Tech Pharmacal profit jumps, Johnson & Johnson net slips with drug salesJuly 14th, 2009 Earnings roundup: Hi-Tech Pharmacal, J&JAmong the earnings stories for Tuesday, July 14, from AP Financial News:
AMITYVILLE, N.Y. (AP) — Generic drug developer Hi-Tech Pharmacal Inc.
Oil slips below $69 in Asia as investors look to US unemployment reportJuly 2nd, 2009 Oil slips below $69 ahead of US jobs reportSINGAPORE — Oil prices slipped below $69 a barrel Thursday in Asia as investors looked to the release of a key U.S. employment report for hints on the outlook for the world's largest economy.
Oil slips to $68 a barrel as dollar gains on euro, US unemployment rate rises to 9.5 pctJuly 2nd, 2009 Oil slips below $68 as US jobless rate risesOil prices slipped below $68 a barrel Thursday as rising unemployment in Europe and the U.S. helped strengthen the dollar and draw investors out of commodities.
Oil slips to $68 a barrel as dollar gains on euro, investors look to US unemployment reportJuly 2nd, 2009 Oil slips to $68 a barrel ahead of US jobs reportOil prices slipped to around $68 a barrel Thursday as rising unemployment in Europe helped strengthen the U.S. dollar and draw investors out of commodities.
Oil jumps above $73 in Asia, 8-month high, on weaker dollar, Nigeria attacksJune 30th, 2009 Oil jumps above $73 on dollar fall, Nigeria attackSINGAPORE — Oil prices jumped above $73 a barrel Tuesday in Asia as a weakening U.S. dollar and attacks on oil installations in Nigeria helped push prices to eight-month highs.
Dollar jumps as US jobs data indicates slowdown in wave of layoffs; Germany forecast weakerJune 5th, 2009 Dollar jumps as US jobs data sends hopeful signalsNEW YORK — The dollar leapt against the major currencies Friday, regaining some of its losses from this week as jobs data from the U.S. showed a jump in the unemployment rate but indicated a deceleration in layoffs.
Singapore unemployment jumps to 3.2 percent in 1st quarter as manufacturing sheds jobsApril 30th, 2009 Singapore unemployment jumps to 3.2 percentSINGAPORE — The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state's exports and sparked manufacturing layoffs. The unemployment rate rose to a seasonally adjusted 3.2 percent in March from 2.5 percent in December and 1.9 percent in March 2008, Singapore's Manpower Ministry said in a statement Thursday.
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