Employment

The Unemployment Rate in Perspective

SeekingAlpha.com (Free subscription) | yesterday

Prieur du Plessis submits: The U.S. Labor Department announced Friday that the unemployment rate had risen to a 26-year high of 10.2% in October - an increase of 0.4 of a percentage point, even though the labor force contracted as well. The graph below, courtesy of Chart of the Day , illustrates the unemployment rate since 1948 and provides some perspective on the current state of the labor market....

Productivity and Jobs-Becker

The Becker-Posner Blog (Free subscription) | 2 hours ago

Last week two pieces of news about the American economy were disclosed, with important implications for where the economy is going. On Thursday, the Labor Department reported that during the third quarter of 2009, productivity jumped at the remarkable annual rate of 9½%. On Friday, the Labor Department also reported that the October unemployment rate in the United States increased to...

Small businesses struggling as unemployment goes higher

USA Today (Free subscription) | 3 hours ago

The unemployment rate hit 10.2% in October, and economists say a big reason is small businesses. With sales weak, they're slashing ...

10% Unemployment Here to Stay: Poll

The Street (Free subscription) | 7 hours ago

Many users of TheStreet anticipated the unemployment rate would top 10%in October -- and they don't expect it to drop below that level anytime soon.

Unemployment: It's Even Worse than You Think

SeekingAlpha.com (Free subscription) | 13 hours ago

Trader Mark submits: I am not going to break down the full unemployment data because, like much of our government reporting, it is "garbage in, garbage out" and "you can't handle the truth" mixed together. If you are newer to the website, please peruse these entries during spare time this weekend [ Oct 2, 2009: True September Unemployment in America Reaches Towards 14%; Our System...

Wall Street Closes Higher, General Electric (NYSE: GE) Rallies

iStockAnalyst.com (Free subscription) | 11/07/2009

US stocks finished higher on Friday as investors shrugged off disappointing government data showing the unemployment rate hit 10.2 percent in October - the highest in 26-1/2 years. [More...]

Obama's Plan A Failed, But Plan B Looks Promising

SeekingAlpha.com (Free subscription) | 11/06/2009

Howard Richman submits: President Obama's Plan A tested the proposition that you can fix an economic crisis caused by too much borrowing from abroad, by borrowing more money from abroad. So far it hasn't worked. The latest unemployment numbers are out, showing that the jobs created by his Recovery Act are largely imaginary. The blue line shows the projected unemployment rate at the inception of the...

Five for the Weekend #65

Controlled Greed (Free subscription) | 11/06/2009

Big business news today is US unemployment crossing the 10% threshold. Yet the true unemployment rate (the way the US Government used to calculate it) has been above the mid-teens for a while now. Now let's dig beneath the usual...

Krugman: It's Time For The WPA

The Business Insider (Free subscription) | 11/06/2009

We wondered if Paul Krugman would use this morning's 10.2% unemployment reading as an excuse to call for another stimulus. Indeed: You can make a pretty good case that just employing a lot of people directly would be a lot more cost-effective; the WPA and CCC cost surprisingly little given the number of people put to work. Think of it as the stimulus equivalent of getting the middlemen out of the...

• Why not create a new WPA? - Poor Mojo Newswire
• Employing workers directly through federal public works programs would be cheaper than shunting tax money to private business - Enclave
• See the 4 articles on the same subject

Stocks Indecisive After Jobless Spike

The Street (Free subscription) | 11/06/2009

Stocks turn just negative as the unemployment rate climbs to 10.2%.

Statement of US Secretary of Labor Hilda L. Solis on October employment numbers

PR News Wire (Free subscription) | 11/06/2009

WASHINGTON, Nov. 6 /PRNewswire-USNewswire/ -- U.S. Secretary of Labor Hilda L. Solis today issued the following statement on the October 2009 Employment Situation report released today:

How Long Will Unemployment Top 10%

The Street (Free subscription) | 11/06/2009

How long will the unemployment rate remain above 10%? Take our poll to see the consensus of TheStreet.

Stocks Fall as Jobless Rate Tops 10%

Business Week (Free subscription) | 11/06/2009

Index futures skidded Friday after the government reported the U.S. economy lost 190,000 jobs in October and the unemployment rate reached a 26-year high

Jobless rate jumps to 10.2% during October

BloggingStocks (Free subscription) | 11/06/2009

Filed under: Before the bell , Bad news , Employees , Economic data Is this bad news for the recovery? The Labor Department reported that the U.S. unemployment rate jumped to 10.2% in October, pushing the rate atop the 10% mark for the first time in 26 years . Nonfarm payrolls fell by 190,000 in October, bringing the total number of jobs sacrificed to the recession to 7.3 million. October was the...

Gold hits $1,100 an ounce as unemployment worsens

Market Watch (Free subscription) | 11/06/2009

NEW YORK (MarketWatch) -- Gold futures rose to a new record high of $1,100 an ounce Friday after data showed the U.S. unemployment rate topped 10% in October, raising the metal's appeal as a safe asset. Gold for November delivery gained 1% to $1,100 an ounce on the Comex division of the New York Mercantile Exchange, the highest level for a front-month contract. The more actively traded December contract...