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Unemployment

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  • Jobs Numbers:  Breakdown by Sector Friday, 7 Nov 2008 | 9:10 AM ET

    The latest overall job loss numbers showed a loss of 240,000 jobs in October and the unemployment rate climbed to 6.5%.  This is the highest unemployment rate since March 1994.  The September payroll numbers were revised to a loss of 284,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • More White and Blue Collar Workers See Pink Slips Thursday, 6 Nov 2008 | 8:01 PM ET
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    The job losses in this downturn are hitting workers across all income levels and job categories, and the cuts are swifter and broader than in past recessions.

  • GlaxoSmithKline Trimming US Sales Force by 1,000 Wednesday, 5 Nov 2008 | 11:37 AM ET
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    British drugmaker GlaxoSmithKline is restructuring its U.S. operations, starting with reducing its U.S. sales force by 1,000.

  • UK Recruiters Report Record Fall in Jobs Wednesday, 5 Nov 2008 | 2:33 AM ET
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    British recruiters reported a record fall in job appointments and the first drop in wages for five years in October, according to a survey published by industry group the Recruitment and Employment Confederation with KPMG.

  • Poll: Are You Worried About Losing Your Job? Monday, 27 Oct 2008 | 9:51 AM ET

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  • Mounting Layoffs: Why They're Different This Time Friday, 24 Oct 2008 | 5:04 PM ET
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    As the layoffs add up, how bad will unemployment be in this recession? And what does that mean in terms of when and how the economy will recover?

  • Mounting Layoffs: Why They're Different This Time Friday, 24 Oct 2008 | 4:10 PM ET
    Street crowd

    As the layoffs add up, how bad will unemployment be in this recession? And what does that mean in terms of when and how the economy will recover?

  • Mounting Layoffs: Why They're Different This Time Thursday, 23 Oct 2008 | 6:14 PM ET
    Street crowd

    As the layoffs add up, how bad will unemployment be in this recession? And what does that mean in terms of when and how the economy will recover?

  • Wall Street Layoffs Could Surge Past 200,000 Thursday, 23 Oct 2008 | 5:39 PM ET

    Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record.

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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
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    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
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    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
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    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.