Jobless Rates

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Jobless Rates Worse, Teen Unemployment 27%

Jobless rates, reported by the U.S. Bureau of Labor Statistics are worse than expected. Unemployment jumped to 10.2 percent, which is the worse since 1983. U.S. payrolls fell more than expect as well. Tennagers lost the highest amount of jobs in terms of percent.

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Unemployment claims rise after a two-week decline

After two consecutive weeks of a decline, the number of U.S. workers filing unemployment benefit claims rose more than expected last week.

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Unemployment Rate Rises to 9.8%

The dismal September unemployment numbers are in. According to the Labor Department, the unemployment rate rose to 9.8 percent in September, up from 9.7 percent in August. Over 263,000 jobs were cut by American employers, which was beyond the number expected.

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Workers Accept Pay Cuts To Stay On Job

Recent survey shows that nearly 65 percent of respondents are willing to accept pay cuts to stay on their jobs. However, they admit that it is not sustainable in the long as the lower pay is not enough to pay the bills. However, they do so as the layoffs amount around the country.

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Labor Secretary Statement On Unemployment Numbers

U.S. Secretary of Labor Hilda L. Solis issued the following statement on the June 2009 Employment Situation report released today: “Today’s news is a reminder of the severity of the economic problem that this administration inherited and continues to illustrate the pressing needs of American working families.

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Jobless Rate Moves Toward 10 Percent

Larger-than-expected 467,000 jobs are cut in June. This drives the unemployment rate up to 9.5 percent.

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Recovery In Sight, But Jobless

Despite signs of economic improvement, unemployment continues to rise in the United States and could cost the Democrats.

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Good News in Recent Employment Data

The past two days have brought promising data on the employment situation in the country. Both the weekly jobless claims data put out yesterday and the jobs report today suggest that the recession may be at an end.

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Pace of Layoffs Slows, But Jobless Rate Nears 9%

Good news, in that the pace of layoffs slowed in April. Companies cut 539,000 jobs, the fewest in six months. Bad news, in that the unemployment rate climbed to 8.9%, the highest since late 1983.

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US Jobless Rate Rises Sharply To 8.1 Percent

The U.S. unemployment rate rose sharply to hit 8.1 percent in February, while the economy had a net loss of 651,000 jobs.

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February Jobless Rate Expected at 7.9 Percent

Economic experts say Friday's U.S. unemployment report could reveal a February jobless rate as high as 7.9 percent, pointing to a worsening job market and deepening recession. In Michigan the unemployment rate is 11.6% and reaches 25-year high, reports Freep.

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Hong Kong Jobless Rate Rises To 4.6%

The unemployment rate rose to 4.6% in the November to January period, from 4.1% in the October-December quarter. The underemployment rate nudged up from 1.9% to 2.1%.

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