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Saturday, November 21, 2009 11:37 AM

Published 07/02/2009 by The World Newser


'Unemployment rate much worse than the administration contemplated...'

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, the unemployment rate has risen 4.6 percentage points. If you...

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Quotes

...for the 4th... "There are now 14.7 million people unemployed. Since the start of the recession, the unemployment rate has risen 4.6 percentage points. If you..."

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First Reported 07/02/2009 - Updated 07/03/2009 - 21 Documents (in Politics)
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]
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Update includes European, Latin American and Asian markets also slidingNEW YORK: A dour report on job losses in June sent stocks sharply lower Thursday.Major stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate ... [thestar.com.my - 07/03/2009]
First Reported 07/02/2009 - Updated 07/02/2009 - 1 Documents (in Economy)
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LONDON (SHARECAST) - Wall Street tumbled in midday trades as jobless figures weighed on investor sentiment ahead of the extended holiday weekend.Across the markets, the Dow Jones is down 171 points to 8332 with the Nasdaq falling 45 points to 1800. The ... [ShareCast - 07/02/2009]
First Reported 07/03/2009 - Updated 07/03/2009 - 1 Documents (in Environment)
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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]
First Reported 06/25/2009 - Updated 06/25/2009 - 1 Documents (in Environment)
The Spanish professor is puzzled. Why, Gabriel Calzada wonders, is the U.S. president recommending that America emulate the Spanish model for creating "green jobs" in "alternative energy" even though Spain's unemployment rate is 18.1 percent -- more ... [washingtonpost.com - George F. Will Archive - 06/25/2009]
First Reported 06/25/2009 - Updated 06/25/2009 - 1 Documents (in Politics)
WASHINGTON (AFP) New claims for US unemployment benefits climbed for the second consecutive week last week, the Labor Department said Thursday as employers cut payrolls to cope with a brutal recession.Initial claims for unemployment insurance benefits ... [AFP via Yahoo! - 06/25/2009]
First Reported 06/30/2009 - Updated 06/30/2009 - 3 Documents (in Politics)
Japan's unemployment rate climbed to 5.2 percent in May, its highest level in more than five years, though efforts to stimulate the country's flagging economy appeared to pay off as consumer spending rose for the first time in 16 months. ... [France24 - Business - 06/30/2009]
First Reported 06/30/2009 - Updated 06/30/2009 - 1 Documents (in Politics)
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]
First Reported 07/01/2009 - Updated 07/01/2009 - 1 Documents
TOKYO - BUSINESS confidence among major Japanese manufacturers has improved for the first time in two-and-a-half years, the central bank's quarterly Tankan survey showed Wednesday.The Tankan found that big manufacturers expect sentiment to continue to ... [Straits Times - 07/01/2009]
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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 ...
Jobs Numbers [The Corner - 07/02/2009]
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 ...
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 ...
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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]
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