UNEMPLOYMENT

IBTimes Logo

Unemployment at 10.2 percent in October

The household unemployment rate rose to 10.2 percent, highest in 26-1/2 years, as employers shed 190,000 in nonfarm payrolls in October, the Labor Department said on Friday.

U.S. unemployment rate hits 10.2 percent

IBTimes Logo
The U.S. unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though the pace of job losses slowed.
More news
IBTimes Logo

Jobless rate climbs to 10.2 percent

U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.
IBTimes Logo

Stock futures edge up ahead of payrolls data

U.S. stock index futures rose slightly on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.
IBTimes Logo

Aid for jobless, homebuyers clears Congress

The U.S. Congress approved more aid for jobless workers and broadened tax breaks for homebuyers and businesses on Thursday and sent the measure to President Barack Obama to sign into law.
IBTimes Logo

Productivity surges, job growth should follow

U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out.
IBTimes Logo

Stocks rally on data; Cisco earnings lift techs

U.S. stocks gained sharply on Thursday after an expansion in business productivity and a fall in jobless claims boosted investor confidence about the economy, while Cisco led gains in tech shares.
IBTimes Logo

Stocks rallies on data; Cisco earnings lift techs

U.S. stocks gained sharply on Thursday after an expansion in business productivity and a fall in jobless claims boosted investor confidence about the economy, while Cisco led gains in tech shares.
IBTimes Logo

Productivity surge signals job growth to follow

U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out.
IBTimes Logo

Productivity at 6-year high, jobless claims fall

U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in labor market may be hitting bottom.
IBTimes Logo

New jobless claims fall to 10-month low

The number of U.S. workers filing new claims for jobless insurance fell more than expected last week to a 10-month low, government data showed on Thursday, pointing to a gradual improvement in the labor market.
IBTimes Logo

Monster US online jobs index edges up in October

Online job postings rose slightly in October, led by growth in health care and public companies, but the monthly employment gauge remained 20 percent below year-ago levels, a private research group said on Thursday.
IBTimes Logo

Senate approves jobless, housing aid

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.
IBTimes Logo

U.S. services sector grows, job losses slow

The U.S. services sector grew modestly for a second month in a row in October and private sector employers cut jobs at the slowest pace in more than a year, adding to signs the economy is crawling back to health.
IBTimes Logo

Senate poised to adopt jobless, housing aid

The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the U.S. economy.
IBTimes Logo

U.S. services sector grows, job losses decline

The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
IBTimes Logo

Services sector grows, job losses decline

The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
IBTimes Logo

Job sector hurts less; mortgage demand rises

The U.S. labor market showed signs of improvement in October with fewer planned layoffs and private job cuts, though investors are waiting for Friday's government data for a confirmation of the trend.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.