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Unemployment

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  • White House Sees More Job Losses Ahead Thursday, 2 Jul 2009 | 10:33 AM ET

    Thursday's announcement that U.S. employers cut 467,000 jobs in the month of June is a "disappointment," but still an improvement over the 700,000 a month that were shed in earlier months this year, said Christina Romer, chair of the President's Council of Economic Advisers.

  • Jobs Numbers:  Breakdown by Sector Thursday, 2 Jul 2009 | 8:46 AM ET

    The latest overall job loss numbers showed a loss of 467,000 jobs in June and the unemployment rate climbed to 9.5%, the highest rate since August 1983.  The May and April numbers were revised to losses of 322,000 and 519,000, respectively.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • June Unemployment Rate Is Seen Rising to 9.6% Thursday, 2 Jul 2009 | 2:06 AM ET
    jobs_report.jpg

    Out-of-work with no place to land, the legions of America's unemployed are growing. The Labor Department is scheduled to release a report Thursday expected to show the nation's unemployment rate edging closer to double digits.

  • Toledo, Ohio Eyes Green Jobs Renaissance Tuesday, 30 Jun 2009 | 2:48 PM ET
    Thin-film solar panel.

    The glass is half full again in Toledo. The Ohio city once known as the glass-making capital of America is trying to forge a new identity as a solar-energy, green jobs metropolis of the future.

  • Time to Put the Fun in 'FUNemployment!’ Thursday, 25 Jun 2009 | 8:23 AM ET

    Recessions are like a 12-step program: First you're shocked. Then you panic. But now that we're in the seventh inning, we're starting to loosen up a little. We're putting the fun back in "FUNemployment." Click here to check out some of the fun, new recession buzzwords.

  • Week Ahead: Watching the 'Recovery Trade' Friday, 5 Jun 2009 | 8:35 PM ET
    New York Stock Exchange

    The stock market's rally could face a critical test in the coming week as the "recovery trade" plays out across financial markets.

  • Jobs Numbers:  Breakdown by Sector Friday, 5 Jun 2009 | 8:43 AM ET

    The latest overall job loss numbers showed a loss of 345,000 jobs in May and the unemployment rate climbed to 9.4%, the highest rate since August 1983.  The March and April numbers were revised upward to losses of 652,000 and 504,000, respectively.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Week Ahead: Stock Gains May Be Harder to Come By Friday, 29 May 2009 | 9:36 PM ET
    A New York Stock Exchange trader.

    The trend for stocks is higher, yet gains in June may be harder to come by unless economic data perks up.

  • Second Degree May Mean A Second Chance Friday, 29 May 2009 | 11:25 AM ET
    Education

    If the bad job market has you thinking about going back to school for an advanced degree, here's some tips on federal student loan programs.

  • A New York Stock Exchange trader.

    "It's a 'show me' period, but the expectation is that the data is going to disappoint, as it mostly has for the last few weeks," said Binky Chadha, chief U.S. strategist at Deutsche Bank.

  • Jobs Numbers:  Breakdown by Sector Friday, 8 May 2009 | 8:46 AM ET

    The latest overall job loss numbers showed a loss of 539,000 jobs in March and the unemployment rate climbed to 8.9%.  The March numbers were revised to a loss of 699,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Jobs Numbers:  Breakdown by Sector Friday, 3 Apr 2009 | 8:44 AM ET

    The latest overall job loss numbers showed a loss of 663,000 jobs in March and the unemployment rate climbed to 8.5%.  This is the highest unemployment rate since 1983.  The January numbers were revised to a loss of 741,000 but the February numbers were kept as previously reported.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Ford to Cover Car Payments If Buyer Loses Job Tuesday, 31 Mar 2009 | 8:28 AM ET

    Ford Motor says it is offering a payment protection plan to help reassure consumers who may be putting off a car purchase because of worries about losing their job.

  • No Job? Can't Refinance? How to Talk to Your Bank Monday, 9 Mar 2009 | 1:41 PM ET
    Refinance Application

    Homeowners who have lost their job are in a "no man's land" where they are struggling to pay their mortgage but can't get help from their lender or the government.

  • Obama Touts US Economic Gains Amid Grim News Friday, 6 Mar 2009 | 1:52 PM ET
    President Barack Obama

    President Obama tried to highlight some good news and tout his economic plan  but the grim reality of plunging employment and faltering stock markets  stepped on his message.

  • Jobs Numbers:  Breakdown by Sector Friday, 6 Mar 2009 | 8:55 AM ET

    The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%.  This is the highest unemployment rate since 1983.  The January and December numbers were revised to a loss of 655,000 and 681,000 respectively.  4.4 million jobs have now been lost since this recession began.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Why a Lousy Jobs Report Could Actually Help Stocks Thursday, 5 Mar 2009 | 2:56 PM ET
    JOBLESS_noTEXT.jpg

    Investors have been searching for that vital capitulation point where stocks form a true bottom. A higher-than-expected jobless rate could set the stage for that.

  • A Short Course On The Unemployment Line Thursday, 26 Feb 2009 | 2:55 PM ET

    For many Americans, the current recession is their first brush with unemployment. The newly jobless face a host of questions over how to navigate a system of unemployment insurance benefits.

  • Too Much Optimism at the Fed Friday, 20 Feb 2009 | 10:07 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The Fed says the economy has gotten worse than it ever expected. But the Fed governors and bank presidents forecast that it will not get much worse.

  • Do Markets Really Think Stimulus Plan Will Work? Friday, 6 Feb 2009 | 2:52 PM ET
    capitol_building_wallstreet_1.jpg

    Despite hopes that the latest jobs report would force Congress to pass a stimulus plan, the markets remain pessimistic  that anything can be done to fix the economy.