US unemployment rate highest since 1983October 2nd, 2009 WASHINGTON - The US economy continued to shed jobs in the construction, manufacturing, retail and government branches, with the unemployment rate rising to 9.8 percent in September, the government said Friday. The rate compared to 9.7 percent unemployment in August, and was the highest since 1983.
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.
Obama: Unemployment will be a 'big problem' for at least another yearSeptember 21st, 2009 Obama: Unemployment a problem at least 1 more yearNEW YORK — President Barack Obama says he expects unemployment will be a "big problem" for at least another year. Speaking during taping of "The Late Show" with David Letterman, Obama called the $787 billion economic stimulus program that Congress enacted earlier this year a "tourniquet" that stopped the economic bleeding.
Eurozone unemployment hits 10-year highSeptember 1st, 2009 BERLIN - Unemployment in the 16-member eurozone hit a 10-year high in July, data released Tuesday showed. The European Union's statistics office Eurostat said that another 167,000 people were unemployed in the eurozone during July, pushing the jobless rate up to 9.5 percent from 9.4 percent June.
Summary Box: 17 states report lower unemployment rates; 26 see increasesAugust 21st, 2009 Summary Box: 17 states see lower jobless ratesWHAT HAPPENED: Seventeen states saw their unemployment rates decline in July, while 26 reported increases. Though joblessness is still widespread, that's an improvement from June, when only five saw a drop.
Japan unemployment rate rises to 6-year high, prices fall sharplyJuly 31st, 2009 Japan jobless rate climbs to 6-year high in JuneTOKYO — Japan's unemployment rate rose to a six-year high and prices fell at a record pace in June, the government said Friday. The jobless rate in the world's second-biggest economy worsened to 5.4 percent from 5.2 percent in May, suggesting that an emerging recovery for companies has yet to filter down to workers and families.
Obama proposes investing $12 billion in community colleges, warns of higher unemploymentJuly 14th, 2009 Obama says unemployment will keep ticking upWARREN, Mich. — Watching the unemployment rate continue to climb despite his efforts to stop it, President Barack Obama on Tuesday proposed a $12 billion investment in the nation's two-year colleges to help train millions of unemployed people for jobs he says will be created once the economy turns around.
Obama says he remains confident in economic recovery despite increase in unemploymentJuly 2nd, 2009 Obama confident in recovery despite jobs reportWASHINGTON — President Barack Obama said Thursday that he remains confident the economy will turn around in the short term and the nation will prosper in the long term despite another dose of bad unemployment news. "And I'm absolutely confident that we can, at this period of difficulty, prove, once again, what this nation can achieve when challenged," Obama said in the Rose Garden after a meeting with executives from energy companies.
White House: Country to reach double-digit unemployment within monthsJune 22nd, 2009 White House: 10 percent unemployment within monthsWASHINGTON — The White House says double-digit unemployment is coming sooner than previously acknowledged. White House spokesman Robert Gibbs says the president expects the nation will reach 10 percent unemployment within the next few months.
Unemployment in Russia drops for 1st time since Sept amid signs the economy is stabilizingJune 19th, 2009 Russian economic slide may be slowing, data showsMOSCOW — Russia's economic decline may be nearing a bottom, with unemployment dropping for the first time since September and investment and retail sales rising in May, economic data showed Friday. About 200,000 Russians found jobs last month, which cut the unemployment rate to 7.5 million people, or to 9.9 percent from 10.2 percent in April, the Federal Statistics Service said.
Stocks trade in tight range after surprise drop in continued jobless claims; retail sales dataJune 4th, 2009 Stocks mixed after data on jobs, retail salesNEW YORK — Cautious traders are looking for more than just any sign of improvement in the economy. Stocks zigzagged in a narrow range Thursday after the number of unemployed workers continuing to receive benefits unexpectedly dropped for the first time in 20 weeks.
15 percent jobless in 13 US cities: ReportJune 4th, 2009 WASHINGTON - Thirteen American cities saw their unemployment rates topping 15 percent in April with nine of the highest in California alone. In another 93, joblessness climbed above 10 percent, according to a new government report.
ILO predicts further decline in global employmentMay 28th, 2009 GENEVA - Global unemployment levels will be worse than previously predicted, the International Labour Organisation said Thursday, revising upwards its previous numbers. According to the new data, unemployment could hit global rates between 6.5 percent and 7.4 percent.
Obama says unemployment system should be a stepping stone to future work, not a safety netMay 9th, 2009 Obama aims to refocus unemployment systemWASHINGTON — President Barack Obama wants unemployment insurance to become a stepping stone for future work by making it easier to enroll in school or job training. Whether he succeeds will depend on the willingness of states and colleges to change the rules.
Obama sees 'encouraging signs' in economy, but says number out of work still too highMay 8th, 2009 Obama: Encouraging signs, but too many out of workWASHINGTON — President Barack Obama said Friday there have been "somewhat encouraging" improvements in the country's stricken labor markets, but the rate of joblessness is "still a sobering toll."
The president spoke shortly after the government reported that the jobless rate rose to 8.9 percent in April, although the pace of layoffs slowed to 539,000 from well over 600,000 the previous month. He also announced a new plan to permit jobless people to return to college without losing their unemployment benefits.
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