The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market.
The employment rate for July to September 2009 was 72.5 per cent, a fall of 0.1 percentage point on the quarter. There was a small increase of 6,000 in the number of people in employment to 28.93 million, the first quarterly increase since May-July 2008.
High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
The U.S. economy faces a weak recovery that will likely warrant extremely low interest rates for the foreseeable future, a top Federal Reserve official said on Tuesday.
The U.S. economy faces a weak recovery that will likely warrant extremely low interest rates for the foreseeable future, a top Federal Reserve official said on Tuesday.
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.
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.
The United States' economy is not robust enough yet and unemployment is too high for policymakers to begin to withdraw stimulus, Boston Fed President Eric Rosengren said on Tuesday.
U.S. workers were reluctant to quit their jobs in September as businesses showed no signs of increased hiring, a government report showed on Tuesday.
The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
Top forecasters are growing more confident the U.S. economy has embarked on a sustainable recovery, a survey released on Tuesday showed.
The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.
U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after sobering news that unemployment spiked to a 26 1/2-year peak last month.
The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
President Barack Obama said on Friday the jump in the unemployment rate to 10.2 percent in October was a sobering figure that underscored the economic challenges ahead.
he U.S. unemployment rate, which rose more than expected in October to 10.2 percent, confirms a deeper and more protracted problem in the labor market, Mohamed El-Erian, chief executive of bond giant Pacific Investment Management Co (PIMCO), said in an interview on Friday.
The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday.
The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
Unemployment Hits 10.2 Pct; Nations' Keeping Economic Support for Now; AIG Rises Again
