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The U.S. economy lost 598,000 jobs during January 2009, with unemployment rising to 7.6 percent. (New York Times) Canada's economy lost 129,000 jobs during January 2009, an all-time record, with unemployment rising to 7.2 percent. (AP via Google News) Bankruptcies in the United Kingdom rose during 2008 by 50 percent to an all-time high. (ABC ...
Projected Unemployment Rate. According to a March 2009 Industry Survey of and by the National Association of Business Economists, 60.3% of their economists who had reviewed the fiscal stimulus enacted in February 2009 projected it would have a modest impact in shortening the recession, with 29.4% anticipating little or no impact as well as 10.3 ...
July 2009 Australian unemployment rate: 5.8% [28] August 2009 Australian unemployment rate: 5.8% [29] September 2009 Australian unemployment rate: 5.7% [30] October 2009 Australian unemployment rate: 5.8% [31] The unemployment rate for October rose slightly due to population growth and other factors leading to 35,000 people looking for work ...
There are a lot of people out of work, which is the norm during a recession. There are almost no jobs available, which is a bit unusual during a recovery. According to the The New York Times, a ...
A year ago, most economists were projecting fairly mild unemployment for the U.S. this year. Most were forecasting a range of 7 to 8 percent. In February, the figure has already gone beyond that.
By Christopher S. Rugaber WASHINGTON (AP) -- The U.S. unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the ...
In July 2009, fewer jobs were lost than expected, dipping the unemployment rate from 9.5% to 9.4%. Even fewer jobs were lost in August, 216,000, recorded as the lowest number of jobs since September 2008, but the unemployment rate rose to 9.7%. In October 2009, news reports announced that some employers who cut jobs due to the recession are ...
Yet another record the U.S. labor market would rather not achieve: Continuing claims for unemployment benefits jumped 161,000 to a record 5.73 million, the U.S. Labor Department announced Thursday.