Silobreaker: What recovery? US unemployment tops 10%

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 2:04 AM

Published 11/07/2009 by NDTV Profit

What recovery? US unemployment tops 10%

Just when it was beginning to look a little better, the US economy relapsed on Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought. The jobless rate rocketed...

READ FULL ARTICLE

Share this

What others report on the same story

Jobless rate is even worse than thought

WASHINGTON - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time ... - [11/07/2009 - Tennessean]

October unemployment rate shoots past 10 percen...

Women look over job listings on display at the One Stop Career Link center Nov. 6, 2009 in San Francisco, Calif. (Getty | Justin Sullivan) Just when it was beginning ... - [11/07/2009 - Denver Post]

Stocks inch up despite jump in jobless rate; Do...

NEW YORK ? Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks slightly higher.News that the nation's unemployment ... - [11/07/2009 - USA Today]

Stock futures hold steady ahead of jobs data - [11/06/2009 - MSNBC via MSN Money]

Unemployment seen nearing 10 percent - [11/06/2009 - MSNBC via MSN Money]

Jobless rate tops 10% for first time since '83 - [11/06/2009 - Investment News]

Stocks rise as traders shrug off unemployment - [11/06/2009 - MSNBC via MSN Money]

Stocks zigzag on unemployment data - [11/06/2009 - MSNBC via MSN Money]

US stocks up; traders shrug jobs data - [11/06/2009 - Economictimes]

Stocks wobble after sour jobs news - [11/06/2009 - Crains NY Business]

Related Stories

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents

Asia Pacific Economic Cooperation

Green shoots, but recovery slow: study

Most business leaders in the Asia-Pacific Economic Cooperation (APEC) region believe the worst of the economic crisis is over, but few expect a fast recovery. A survey of 350 corporate heavyweights found that 58 percent were feeling optimistic, but only ... [China Post - 11/14/2009]

Entities: Asia Pacific Economic Cooperation, Unemployment, Philip Ng

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents (in Politics)

Consumer Sentiment Falls as Unemployment Rises

NEW YORK -- U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday.The Reuters/University of Michigan Surveys of Consumers said its preliminary index ... [Moneynews - 11/14/2009]

Entities: Consumer Sentiment, Unemployment, University of Michigan

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents

Pursue balanced economic growth

TOKYO- U.S. President Barack Obama said on Saturday that the world must pursue balanced and sustainable economic growth and avoid a return to the cycles of boom and bust that led to the global financial crisis.Obama said in a major speech in Tokyo that ... [CHINAdaily - 11/14/2009]

Entities: Tokyo, Barack Obama, Recession, Suntory

First Reported 11/11/2009 - Updated 11/12/2009 - 37 Documents (in Politics)

Work it out

Business reporter, BBC NewsWorking out just how many people are actually unemployed is a bit of a holy grail amongst employment experts.This is because there are two main ways of calculating unemployment: the Claimant Count level and the International ... [BBC - 11/12/2009]

Entities: John Philpott, Claimant, Unemployment

First Reported 11/06/2009 - Updated 11/07/2009 - 48 Documents (in Politics)

The U-6

Earlier in my post on US Unemployment Reaching a 26-Year High, I said this about the U-6: Among all groups, the U6 underemployment rate -- a broader measure of the jobs shortfall which includes people whose hours have been cut, those working part-time ... [MyDD - 11/07/2009]

Entities: Unemployment, Recession, Unemployment Rate, David Leonhardt

First Reported 11/12/2009 - Updated 11/13/2009 - 28 Documents (in Politics)

JPMorgan Chase & Co

Obama to host jobs summit: 9 month low in jobless claims, but strong hiring gains still seem far off

Fewer people claimed unemployment benefits for the first time last week - but still too many to signal that the economy is close to adding jobs, experts said.First-time claims dropped to a seasonally adjusted 502,000, the Labor Department said yesterday ... [New York Daily News - 11/13/2009]

Entities: Barack Obama, Unemployment, Initial Jobless Claims, Unemployment Rate, JPMorgan Chase & Co

First Reported 11/06/2009 - Updated 11/07/2009 - 23 Documents (in Politics)

Barack Obama

Unemployment rate skyrockets to 10.2% in October while taxpayers grow weary of Obama's unchecked spending.

By Bob Turner(AXcess News) Washington - The House of Representatives passed unemployment benefits extension bill HR 3548 by a sweeping 403 to 12 vote which President Obama is to sign into law Friday as the nation's unemployment rate climbed to 10.2%, ... [AXcess News - 11/07/2009]

Entities: Unemployment Rate, Barack Obama, Unemployment

First Reported 11/10/2009 - Updated 11/11/2009 - 16 Documents (in Economy)

Fed officials see choppy recovery for U.S. economy

ATLANTA (Reuters) - Three top Federal Reserve officials on Tuesday struck a cautious note on the U.S. economy, citing high unemployment, heavy reliance on government support and commercial real estate woes as hurdles to recovery.Speaking less than a week ... [Reuters via MSN Money - 11/11/2009]

Entities: Richmond Fed, Federal Reserve System, Inflation, Unemployment

First Reported 11/12/2009 - Updated 11/12/2009 - 16 Documents (in Politics)

December rate rise likely after jobs data

By Stuart Fagg, ninemsn MoneyThe number of unemployed Australians is at its highest level since January 2002, according to official figures.The Australian Bureau of Statistics said 670,100 people were unemployed in October, a rise of 11,000 compared to ... [Nine MSN Money - 11/12/2009]

Entities: Unemployment, Rate Hike, Australian Bureau of Statistics, Resilience, Unemployment Rate

First Reported 11/05/2009 - Updated 11/06/2009 - 19 Documents (in Politics)

Congress OKs extending unemployment

Bill extends unemployment benefits by up to 20 weeks. Legislation also extends homebuyer tax credit into next year. NEW YORK (CNNMoney.com) -- President Obama said he signed into law Friday a bill to provide up to 20 additional weeks of jobless benefits ... [CNN Money - 11/06/2009]

Entities: Unemployment, CNNMoney.com, Gross Income

First Reported 11/06/2009 - Updated 11/06/2009 - 8 Documents (in Politics)

US unemployment jumps to 10.2%

A man looks at job listings at an employment center in Glendale, California in October. The US unemployment rate shot up to 10.2 percent in October as another 190,000 jobs were shed. ... [France24 - 11/06/2009]

Entities: Unemployment, Glendale (California, United States), Unemployment Rate

First Reported 11/02/2009 - Updated 11/02/2009 - 9 Documents (in Politics)

Unemployment rises set to continue

Research carried out by accountants BDO indicates that the number of people out of work in the UK is likely to reach 2.75 million by November 2010 – a substantial increase from the current jobless figure of 2.47 million.BDO indicated that while its employment ... [The Appointment - 11/02/2009]

Entities: Unemployment, United Kingdom

Blogs

sort by: Date \| Relevance
Unemployment hits 10.2% [Hot Air » Top Picks - 11/06/2009] Read this post » ...
October Unemployment Report to Spark Financial ... [The Market Oracle - 11/06/2009] AM By: LiveCharts Friday (November 6), the Labor Department is expected to release date on October unemployment. Forecasts call for 175,000 job cuts during the month, ...
What it takes to extend unemployment benefits [Political Animal - 11/06/2009] WHAT IT TAKES TO EXTEND UNEMPLOYMENT BENEFITS.... The good news is, President Obama will sign a measure today to extend unemployment benefits for at least 14 weeks ...
Unemployment Update [Greg Mankiw's Blog - 11/08/2009] Click on the graph to enlarge. Click here for my interpretation. ...
Long-Term Unemployment Turns into Structural Un... [J. Bradford DeLong's Grasping Reality with All ... - 11/01/2009] Mark Thoma makes a graph: those who have been unemployed for more than six months divided by the civilian noninstitutional population 16 and over: It's ...

Audio/Video

sort by: Date \| Relevance
What to do when your unemployment ends [MSN Video: What's Hot - 11/02/2009]
Idea to Fight Unemployment [CBS - YouTube - 11/08/2009]
Idea to Fight Unemployment [CBS News Online - YouTube - 11/08/2009]
Facing unemployment [CNN.com - Video - 11/06/2009]
Youth unemployment rises to record high [ITN News - YouTube - 11/11/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

What recovery? US unemployment tops 10%