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US jobless rate soars to 26-yr high; 10.2% in Oct06-NOV-09
The unemployment rate in the US skyrocketed to a 26-year-high of 10.2 per cent in October, as companies continued to trim their workforce to cut costs.
Small biz owners in US plan to hire in next 12 months27-OCT-09
Small business owners in the US are planning to hire within the next 12 months, even as the nation's unemployment rate has hit a 26-year high in September this year.
Dani Rodrik: The myth of rising protectionism13-OCT-09
There was a dog that didn’t bark during the financial crisis: protectionism. Despite much hue and cry about it, governments have, in fact, imposed remarkably few trade barriers on imports. Indeed, the world economy remains as open as it was before the crisis struck.
OECD region jobless rate climbs to 8.6% in August12-OCT-09
Reflecting a strained labour market even as signs of economic recovery are rising, the unemployment rate in the OECD region rose to 8.6 per cent in August.
Australian treasurer warns, unemployment to rise12-OCT-09
Australia's economy will likely perform under capacity and unemployment will rise, despite the country's resilience in the face of the global downturn, Treasurer Wayne Swan said today.
Japan sees withdrawing economic stimulus 'premature'07-OCT-09
Japan believes it is still "premature" to withdraw economic stimulus as the nation's historically high level of unemployment and weak exports cast doubts over prospects for a steady recovery from its worst recession in decades, the Japanese senior vice minister of financer.
It may take US over seven yrs to wipe off job deficit: Report06-OCT-09
The indications of economic recovery notwithstanding, the revival in the job market still have a long way to go, as a latest study says that it may take more than seven years for the US to wipe off the job deficit.
Oil lower in Asian trade06-OCT-09
Oil eased in Asian trade today as traders continued to evaluate the pace of recovery in the US economy, the world's biggest energy user, analysts said.
US unemployment rate at 26-year high03-OCT-09
Employers cut more jobs than forecast last month and the unemployment rate rose to a 26-year high, calling into question the sustainability of the economic recovery.
Japan's jobless rate falls to 5.5% in August: govt02-OCT-09
Japan's unemployment rate fell to 5.5 per cent in August, from a record 5.7 per cent in July, the first improvement in seven months, the government said today.
Oil lower in Asian trade as energy demand concerns resurface28-SEP-09
Oil fell in Asian trade amid lingering worries over energy demand in the United States, the world's biggest oil user, analysts said.
ECB may keep stimulus in place next year too11-SEP-09
European Central Bank policy makers signaled they intend to leave emergency lending measures in place into next year to support an economic recovery.
US initial unemployment claims slide to 550,00010-SEP-09
The fall is 26,000 compared to the previous week's figure of 576,000, the US Department of Labor said in a statement today.
Global economic crisis far from over: UN trade body09-SEP-09
Predicting a gloomy economic future, a top United Nations trade and development agency today said the governments still have a long way to go to tide over the financial crisis.
IMF remains cautious about global economic recovery04-SEP-09
Acknowledging that the global economy appears to be emerging from the worst financial and economic crisis in the post-war period, the International Monetary Fund(IMF) Managing Director, Dominique Strauss-Kahn Friday said the recovery will be sluggish and that a jobless recovery remains a risk.
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