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Saturday, November 21, 2009 9:15 AM

Published 07/02/2009 by The Corner

Jobs Numbers

From CNN's Scott Spoerry at the Labor Department: -- The unemployment rate rose to 9.5 % in June. *Unemployment rate is the worst since Aug. 1983 --The U.S. economy lost 467,000 jobs in June. ***A consensus of economists surveyed by Briefing.com had expected...

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First Reported 07/02/2009 - Updated 07/03/2009 - 18 Documents (in Politics)

U.S. job losses spike in June, dampen recovery hopes

WASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession. ... [Reuters: Business News - 07/03/2009]

Entities: Layoffs, United States, Unemployment Rate

First Reported 07/02/2009 - Updated 07/03/2009 - 3 Documents (in Politics)

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US unemployment rate for June at 9.5 percentAnother 467,000 jobs lost

jobs lostThe US economy lost far more jobs in June than had been predicted by economists, and the unemployment rate hit 9.5 percent, its highest level since 1983, according to data released by the Labor Department on Thursday. The June jobless report ... [World Socialist Web Site - 07/03/2009]

Entities: Unemployment Rate, Unemployment, Pacific Investment Management Company LLC

First Reported 07/02/2009 - Updated 07/02/2009 - 1 Documents (in Politics)

New York Stock Exchange

Jobless data sends stocks reeling; Dow loses 223

Major stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest level in six weeks.Trading on the New York Stock Exchange was extended until 4:15 ... [San Jose Mercury News - 07/02/2009]

Entities: Roy Williams, New York Stock Exchange, Unemployment Rate, Volatility

First Reported 07/03/2009 - Updated 07/03/2009 - 1 Documents (in Environment)

Barack Obama

Job losses sobering: Obama

WASHINGTON - US PRESIDENT Barack Obama said on Thursday the latest surge in job losses was 'sobering,' after new government figures pushed the unemployment rate to a new 26-year high of 9.5 per cent.Mr Obama described Thursday as 'a day of sobering news,' ... [Straits Times - 07/03/2009]

Entities: Layoffs, Barack Obama, Recession, Alternative Energy, Unemployment Rate

First Reported 07/06/2009 - Updated 07/06/2009 - 1 Documents (in Energy)

Oil plummets to $64 on economic recovery concerns

NEW YORK, July 6 (Xinhua) -- Oil prices plummeted to 64 U.S. dollars a barrel on Monday as investors felt less confident for a speedy recovery of the economy.Light, sweet crude for August delivery fell 2.68 dollars, or 4.0 percent, to settle at 64.05 ... [Xinhua News Agency - 07/06/2009]

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First Reported 07/09/2009 - Updated 07/09/2009 - 1 Documents (in Politics)

New jobless claims drop to lowest level since Jan.

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First Reported 06/25/2009 - Updated 06/25/2009 - 1 Documents (in Politics)

US initial jobless claims jump for second month

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JAPAN: Jobless rate reaches highest level in more than five years

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First Reported 06/30/2009 - Updated 06/30/2009 - 1 Documents (in Politics)

German jobless rate falls slightly in June

BERLIN (AFP) The rate of unemployment in Germany, Europe's biggest economy, fell to 8.1 percent in June from 8.2 percent in May, the federal labour office said on Tuesday.The number of German jobless nonetheless rose by 31,000, after rising 7,000 in the ... [AFP via Yahoo! - 06/30/2009]

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First Reported 07/02/2009 - Updated 07/02/2009 - 1 Documents (in Politics)

Dollar rises as US jobs report rattles markets

LONDON (AFP) The dollar climbed Thursday against the euro as a worse than expected US unemployment report sent shockwaves through financial markets and the eurozone kept interest rates stable despite deflation fears.The euro was changing hands at 1.4007 ... [AFP via Yahoo! - 07/02/2009]

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First Reported 07/03/2009 - Updated 07/03/2009 - 1 Documents (in Energy)

Oil prices tumble as US and Europe unemployment rises

NEW YORK: Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.Benchmark crude for August delivery fell $2.58, nearly 4 percent, to settle at $66.73 a barrel on the New York Mercantile ... [thestar.com.my - 07/03/2009]

Entities: Oil Prices Lower, Unemployment, Natural Gas, Unemployment Rate

Blogs

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Unemployment Rate Still Thriving! [Wonkette - 07/02/2009] In these difficult times, when it seems everything is declining -- corporate profits, individual incomes, assorted varieties and levels of a thing we used to call ...
'Unemployment rate much worse than the administ... [The World Newser - 07/02/2009] Some quotes of the day...a good read before you head out of the office for the 4th... "There are now 14.7 million people unemployed. Since the start of the recession, ...
Does Arkansas’s Unemployment Rate Add Up? [WSJ.com: Real Time Economics - 06/29/2009] Arkansas’ unemployment rate, at 7%, is well below the national unemployment rate of 9.4%. Or is it? According to this article the state’s chief economist has questioned ...
America's Effective Unemployment Rate at 18.7%? [The Washington Note - 07/02/2009] Each month, I receive from Leo Hindery an update on "America's effective unemployment rate" which includes not only the official unemployment figures but other data ...
Broader Unemployment Rate Hit 16.5% in June [WSJ.com: Real Time Economics - 07/02/2009] As job losses accelerated in June, the unemployment rate ticked up 0.1 percentage point to 9.5%, the highest level since August 1983. But another more comprehensive ...

Audio/Video

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U.S. unemployment hits 9.5 percent [Reuters Video: Business - 07/02/2009]
Beneath the economic data [Reuters Video: Business - 07/01/2009]
CNN News Update (6-27-2009 8 PM EDT) [CNN News Update - 06/28/2009]
CNN News Update (6-27-2009 9 PM EDT) [CNN News Update - 06/28/2009]
CNN News Update (6-27-2009 10 PM EDT) [CNN News Update - 06/28/2009]

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