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Unemployment

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  • More Americans are having trouble paying off their credit card balances. That has pushed up losses for credit card issuers.

  • As Recession Looms, Fed Faces Pressure to Cut More Wednesday, 15 Oct 2008 | 6:27 PM ET

    Now that the US consumer has finally hit the wall, there’s growing speculation that the Federal Reserve will push its interest-rate pedal to the floor.

  • Jobs Numbers:  Breakdown by Sector Friday, 3 Oct 2008 | 8:52 AM ET

    The latest overall job loss numbers showed a loss of 159,000 jobs in September while the unemployment rate remained at 6.1%, close to a five-year high.  This is the largest payroll drop since March 2003.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Eight Ways To Prepare For A Layoff Thursday, 18 Sep 2008 | 5:13 AM ET

    While it's soon to say how workers will fare at Lehman Brothers  and Merrill Lynch, corporate layoffs are likely to top a million for the first time in years. Given the long arm of the credit crunch and the slowing economy,  few of us seem protected from layoffs, you might want to prepare for the worse. Here's some tips.

  • Second Stimulus Package 'Necessary': Majority Leader Tuesday, 9 Sep 2008 | 2:06 PM ET

    As job losses in the United States have leaped, a second economic stimulus package has become “warranted and necessary,” House Majority Leader Rep. Steny Hoyer (D-Md.) told CNBC Monday.

  • Economic Worries Leave Stocks on Bear Turf Friday, 5 Sep 2008 | 5:27 PM ET

    Economic worries and profit warnings escalated this week, leaving stocks camped out in bear-market territory for the weekend.

  • Dow Erases Losses as Financials Claw Back Friday, 5 Sep 2008 | 3:55 PM ET

    Stocks declined Friday after a report showed the unemployment rate shot up to a five-year high in August, adding anxiety to a market already jittery about the outlook for the economy.

  • Jump in Jobless Rate Rattles Stocks Friday, 5 Sep 2008 | 1:18 PM ET

    Stocks declined Friday after a report showed the unemployment rate shot up to a five-year high in August, adding anxiety to a market already jittery about the outlook for the economy.

  • Stocks Plunge as Jobless Rate Soars Friday, 5 Sep 2008 | 11:02 AM ET

    Futures plunged after a report showed the unemployment shot up to a five-year high in August, adding anxiety to a market already jittery about the outlook for the economy.

  • Futures Plunge as Jobless Rate Soars Friday, 5 Sep 2008 | 9:27 AM ET

    Futures plunged after a report showed the unemployment shot up to a five-year high in August, adding anxiety to a market already jittery about the outlook for the economy.

  • Jobs Numbers:  Breakdown by Sector Friday, 5 Sep 2008 | 8:57 AM ET

    The latest overall job loss numbers showed a loss of 84,000 jobs in August and a jump in the unemployment rate to 6.1%, close to a five-year high.  The payroll drop is still below the six figure numbers seen in past recessions.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Fast & Furious Trades For Thursday Thursday, 4 Sep 2008 | 1:59 PM ET

    Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.

  • See What People Are Saying About... Losing Their Jobs Thursday, 4 Sep 2008 | 12:45 PM ET

    "It appears to me that the bursting of the housing bubble has triggered a classic economic contraction..." writes Raymond B.

  • Deconstructing Jobs Numbers Wednesday, 3 Sep 2008 | 11:21 AM ET

    Downsizing slowed in August but was still up from a year ago according to Challenge, Gray & Christmas.  Tomorrow we will get the jobless claims numbers and on Friday we will get the latest non-farm payroll and employment numbers from the Bureau of Labor Statistics.  Here is a breakdown of where the jobs are and recent trends.

  • Credit Crunch Puts Pinch on Savings: Malpass Thursday, 7 Aug 2008 | 10:40 AM ET

    Today’s consumer credit report is expected to show that the economic slowdown caused consumers to borrow less readily in June, but David Malpass, president of Encima Global, disagreed.

  • Fed Indicates No Rush To Raise US Interest Rates Tuesday, 5 Aug 2008 | 2:14 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.

  • For Fed, Keeping Rates Steady Is the Easy Part Monday, 4 Aug 2008 | 8:01 PM ET

    Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.

  • Parts of July Employment Report Signal Recession Friday, 1 Aug 2008 | 4:17 PM ET

    The U.S. economy shed jobs for seven straight months through July, something that has happened only eight other times since the end of the World War Two. Every other instance occurred during a recession.

  • Jobs Numbers:  Breakdown by Sector Friday, 1 Aug 2008 | 9:34 AM ET

    The latest overall job loss numbers showed a loss of 51,000 jobs in June and a jump in unemployment rate up to 5.7%.  The drop is still well below the six figure numbers seen in past recessions.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Fed Expects Higher Inflation, Sluggish Growth Tuesday, 15 Jul 2008 | 11:10 AM ET

    Following are the U.S. economic forecasts for 2008, 2009 and 2010 from the Federal Reserve's semi-annual monetary policy report to Congress issued on Tuesday.