Unemployment

The nation's labor market continued to worsen in recent weeks, with the unemployment lines stretching to the longest in 26 years, the Labor Department reported Wednesday.Source:

Alcoa announces massive layoff'sA bit old but still worth looking at...Wisconsin unemployment hit its highest November rate in 21 yearswww.EconomicDiscourse.com

A lot of discussion continues regarding the state of California’s budget.  Will it be cut to meet the tax revenue shortages?  Will taxes be increased to make up the shortfall in revenue collected at the current levels?  Will there be a mixed approach?  What about the people working for the government?  Where is there job [...]

The outlook for the U.S. Housing market for next year is definitely gloom and could probably be worse than this year. Statistics show that more than 81,000 families lost homes to foreclosures this September, a 71 percent increase from last year. 2008 proved to be a bad year for the housing market as a record 765,558 foreclosure homes were already tallied with still a month left for the year.

As I had noted in my prior posts, historically it has been very unusual for there to be more than a 1.5% difference (either more or less) between the unemployment rates if Massachusetts and Rhode Island.Lately though, we are seeing a historically unusual spread between Rhode Island’s high and accelerating rate and Massachusetts’ far lower but rising rate.In fact, the current 3.7% spread now si

Although it feels like a bottom has been created and the market has stabilized perhaps we should look closer at the jobless numbers. The loss of 25% of our jobs was one of the major factors leading to the Great Depression. This article suggests that before calculations of unemployment were changed a few years back we would have a 16.5% unemployment rate as of last month's reading. Since last month

There are many hungry and unemployed Americans nowadays, and the numbers are the highest in a fifteen year period. The users of food stamp hit the record of 31.6 million or a ratio of 1 to 10 Americans. More than half a million workers in the US were displaced in their jobs in November, and it is said to be the largest loss of employment in one month since the year 1974. It had a negative effect o

Unemployment sucks. I know – I’ve been there before. I was unemployed for 5 months after I separated from The USAF. It wasn’t that I didn’t want to work, far from it. I just had a difficult time finding work. The fact that I relocated across the country and didn’t have a network to tap [...]

Did I miss something? I mean, wasn’t all this money supposed to help the economy, protect jobs, ease foreclosures and clean up the sub-prime mortgage mess? Wasn’t all this spending supposed to build confidence in the financial system and break the logjam in credit? Yet here we are, $350 billion into the bailout—and that is not counting the billions that had already been spent

The US Economy is collapsing and cities are hurting bit time. This from USA Today: Battered by record foreclosures and falling tax revenue, cities are laying off workers, raising fees and closing libraries and recreation centers. “Almost every city in the country is feeling the impact,” says Chris Hoene, director of policy and research at the National [...]

SINGAPORE'S resident unemployment rate has risen from 2.4% last December to 3.1% in June and an estimated 3.3% in September this year, according to the latest Singapore Workforce 2008 report released by the Ministry of Manpower (MOM) yesterday. The report, based on a mid-2008 labour force survey, said that the higher unemployment rate reflects 'more cautious hiring sentiments amid the economic slo

From the Bend Bulletin:Central Oregon’s employment picture worsened in October as each of the three counties reported their highest jobless numbers for the month in at least 18 years, when the state began tracking the data.Crook County and Jefferson County posted 10.5 percent and 9.5 percent nemployment rates, respectively, the highest and second-highest rates in the state, according to a monthl

There are many students, who are very sincere about their studies but most of them have not a sufficient amount of money for their education expenses. When such students find themselves completely powerless to arranging some funds for their education then they have to prevent their education only because of lack of funds. If you are also one of such students and also in the condition to stop your

Unemployment is the period of life during which the person wants the work but unable to find any. This state of affairs turns into very distressing for a person when they even lost their primary origin of money. At this situation they also can not able to apply for any lending organization because such organization of regular loans approves the loan to the people who have stable source of income b

The unemployment rate in California rose unexpectedly to 8.2 percent in October. The rise brings the unemployment rate to the highest for the state in 14 years, and the state's unemployment fund is about to run out of reserves. State officials are planning to ask the Federal Government for a loan in order to be able to keep paying unemployment benefits.

As I had noted in my prior posts, historically it has been very unusual for there to be more than a 1.5% difference (either more or less) between the unemployment rates if Massachusetts and Rhode Island.Lately though, we are seeing a historically unusual spread between Rhode Island’s high and accelerating rate and Massachusetts’ far lower but rising rate.In fact, the current 3.8% spread now si

Seven additional weeks of unemployment payments will be available for jobless Americans as President Bush signs new bill. Law change comes in response to the recent 16-year record of jobless claims in the United States. At this time, more than 4 million people are receiving unemployment benefits, Reuters reports Share with Friends:

Unemployment extension november 2008 - for real? Well apparently the extend unemployment insurance for seven weeks for unemployed workers who are out of benefits and for an additional 13 weeks of benefits for those in states with an unemployment rate higher than 6% is approved. After unemployment extension is signed, extended benefits will be administered by [...]

Try to advertise a single job vacancy and see what will happen.Countless individuals will heed to your call, flood you with relentless calls asking you the details about the job vacancy and will try to convince you to give them the opportunity of an interview.You already knew the reality of this scenario. Hundreds to thousands of individuals will compete for this single job vacancy. One will go ho

My home state of Michigan reported a 9.3% unemployment rate today, mostly due to job loss in the car manufacturing industry, as the Big Three automakers continue to beg Congress for a bailout to avoid bankruptcy. As of today, Michigan unemployment is highest it has been in sixteen years. About 30,000 manufacturing jobs were lost [...]

From the Oregonian:Oregon's October unemployment rate jumped to 7.3 percent in October -- the highest rate in more than four years -- as the state lost 14,100 jobs, with declines across all major sectors.The grim seasonally adjusted figures released today showed job losses in manufacturing (4,500), professional and business services (2,800) and leisure and hospitality (2,100). None of the major in

The nation’s unemployment rate climbed to 6.5 percent last month, the Labor Department reported on Friday. But the black unemployment rate remained substantially higher at 11.1 percent, nearly double the rate for whites. The 6.5 percent overall rate marked a 14-year high in joblessness and was creating a huge impact on ordinary Americans as 240,000 jobs [...]

According to Statistics Canada the unemployment in Canada in October went up with 0.1% to 6.2%. A chart of the Canadian unemployment for the last 4 years looks like this: South of the border the unemployment hit 14-year high to 6.5% with more than 1.2 million jobs lost since the beginning of the...

“U.S. nonfarm payrolls fell by 240,000 in October, worse than expected. Payrolls losses in September were revised down sharply to 284,000, the largest job loss in seven years. Unemployment surged by 603,000 in October to 10.1 million, the highest level in 25 years, according to a survey of households. In the past six months, unemployment has [...]

the news just seems to be getting worse. over 240,000 jobs gone for the month of october alone! general motors losing money. ford losing money. chrysler losing money. jesus! when will we hear some good news?obama has a tough job ahead for him. I wish him the best.if the opinions of a lounge lizard mean anything, I suggest obama enforce immigration laws and deport all the illegals. stop giv

Trying to explain the unemployment rate is a challenge since there are many nuances to look out for.  For example, today the unemployment rate came out at 6.5%, the highest since March of 1994.  That would be troubling in itself.  What was also released in the report is a horrible number of 240,000 jobs being [...]

If you are a student of the Economics Department, tips for writing articles on unemployment may be right in time for you.   Actually, articles on unemployment are not that difficult to complete. In this article, we will present you the guidelines that will help you create an effective article on unemployment. Searching for sufficient sources on unemployment You [...]

I dont know much about the Economy. But I think a pictures and some data's could able toexplain a the economy and the financial market sentiments.And some of the data and views presented here for your viewsPictured above is a graph showing periods of recession in the United States since the end of World War II.There have been ten such incidents of recession since World War II, and, it is likel

Singapore govt warns of slower growth and higher unemployment ahead By Wong Siew Ying, SINGAPORE: Trade and Industry Minister Lim Hng Kiang has said the country is set for several quarters of slower growth. Speaking in Parliament on Monday, Mr Lim said this could stretch on for longer, depending on the state of the [...]

I dont know much about the Economy. But I think a pictures and some data's could able toexplain a the economy and the financial market sentiments.And some of the data and views presented here for your viewsPictured above is a graph showing periods of recession in the United States since the end of World War II.There have been ten such incidents of recession since World War II, and, it is likel

Source: ONSYesterday, Britain experienced the quickest rise in unemployment since the last recession, 17 years ago. Statistics from the International Labour Organisation showed a rise in unemployment to 1.69 million (an increase of 164,000 in the 3 months to August). The Government's claimant count is 978,000. Over the coming months, unemployment is liable to rise to well over 2 million and could

With money getting tighter than ever I can see an increase in illegal and immoral behavior in society just in order to survive. Depression and fear about one's own future will be the number one driving force. People will do just about anything to pay their bills, buy food and keep a roof over their heads. Growing marijuana, prostitution, cooking meth are just a few of the illegal activities that

The Bureau of Labor Statistics (BLS) is a wealth of information. One area of data that they track is the unemployment rate as well as other employment statistics.Employment data is at their CPS page. If you go to the site you can see some current statistics summarized on the right column. The unemployment rate is 6.1% for Sept. 2008 and the number of unemployed rose 101,000 in the month.If

Today's jobs numbers are taking the U.S. deeper and deeper into recession. Technically, the U.S. economic data is not showing a recession, but ask anyone on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This from AP via Yahoo Finance: Weak economy pushes jobless claims to 7-year high WASHINGTON (AP) — New applications for unemployment benefits rose slightly last week to a seven-year high due to a weakening economy and the impact of Hurricanes Ike and Gustav, the Labor Department said Thursday. The department reported that initial claims for jobless benefits increased [...]

Accident, Sickness & Unemployment insurance (ASU) is also known as mortgage payment protection and this is the best way of getting covered when you have fallen sick or met with an accident. Since you will not be able to work for a temporary period, ASU cover will give you a monthly benefit to cover your [...]

Fresh off of the Wall Street bailouts and short-selling bans, I'm here to remind everyone that while things slowly are being resolved on Wall Street, there is still a whole nother set of problems on Main Street. The unemployment rate is 6.1%. Not to mention, the economy lost 100,000 jobs in June, 60,000 in July, and 84,000 in August. We're now at eight consecutive months of job losses. And, we

I wonder why in the UK we pay unemployment benefit rather than paying people to be employed by the agency which administers unemployment benefit.  If their role was to be an employment agency, and the only way to get 'benefit' was to be contracted employee of this employer of last resort, then there would be (in a technical sense) no unemployment, but more importantly than that there would be

California’s unemployment rate reached 7.7% according to what the EED reported today. Orange County’s unemployment rate went up to 5.8%, the highest in several years. This will certainly put even more pressure on the housing market and increase foreclosures.

I’m adding this recurring post in order to track the unusual imbalance I noted earlier this month that exists between the unemployment rate of Rhode Island and that of Massachusetts.As I had noted in my prior post, historically it has been very unusual for there to be more than a 1.5% difference between the two states unemployment rates.This indicates that either Rhode Island’s current rate wo

Undoubtedly, you've heard this news already. But, I am simply re-posting it to stress the type of environment we are in. The Unemployment rate has now hit 6.1%, the highest in five years. While the Fannie/Freddie saga has ended, people seem to have already forgotten about the unemployment rate and the fact that we still have tough times ahead. But, the market likes to get all giddy on any glim

The jobs data isn't getting better, and in fact is getting worse. The Labor Department has issued unemployment as being 6.1% in August, while consensus... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Thursday, Wall Street drops sharply in early trading after retailers posted sluggish back-to-school sales reports and the government informed the number of workers seeking unemployment benefits spiked last week. Investors, still wary about the overall state of the economy, are feeling uneasy after many of the nation's retailers said shoppers curtailed spending last month due to higher gas and

In recent years there has been a lot of talk about the quirkiness of the traditional unemployment rate which some argue under-represents the true rate by, among other things, removing “discouraged workers” from the calculation.But “discouraged workers” (i.e. workers who have cited job market reasons or conditions for giving up their job search) are but a subset of a larger group of fringe

The unemployment rate has been spiking recently and although the acceleration has been fairly dramatic, now unequivocally signaling contraction and recession, the real question remains… how bad will things get?To roughly answer this question I used a relationship between private non-farm payrolls (adjusted for population), initial unemployment claims and the unemployment rate to build a simple p

If all the year were playing holidays, To sport would be as tedious as to work; But when they seldom come, they wish'd-for come.

This is the problem that is facing a lot of individual today. It seems that wherever I go this is the topic that they are all talking about. Awhile ago I was looking at Google Tends and found out that this is among the hottest topic.

This is the problem that is facing a lot of individual today. It seems that wherever I go this is the topic that they are all talking about. Awhile ago I was looking at Google Tends and found out that this is among the hottest topic. People from Minnesota are looking for a topic from [...]

More than $18 million has already been paid to the 17,000 Minnesotans receiving Federal Emergency Unemployment Compensation (EUC), according to Minnesota Department of Employment and Economic Development Commissioner (DEED) Dan McElroy .

From the Oregonian:The creeping tide of job losses that began in February showed no sign of slackening -- or accelerating -- in July. Figures released Monday showed that Oregon lost another 3,600 jobs on a seasonally adjusted basis and saw its unemployment rate jump a half percentage point to 6 percent.Three major industries -- construction, manufacturing, and educational and health services -- po

Unemployment cover is a great product to have behind you in an uncertain world. If you were to become a victim of redundancy then you would still have an income to rely on each month for between 12 and 24 months. From becoming unemployed you would have to wait a period of time which is usually around 30 to 90 days and then you would be able to claim.Read More... [Source: Insurance Articles from Ez

One of the first tips when looking to take out unemployment income protection insurance is to not confuse this product with one of a similar name. Income payment protection and income protection insurance are two separate products. Income payment protection pays in the short term and cover unemployment along with accident and sickness. Income protection insurance would just cover accident and sic

As the economy continues to produce lower earnings, the unemployment rate continues to rise. The Labor Department reported today that the unemployment rate rose to 5.7 percent up from 5.5 percent the previous month. A separate report indicated that employers are being hit by rising material costs while coping with much slower consumer spending.

I have had more than a nodding acquaintance with the unemployment beaurocracy in the past. In fact I have come to think of it as my second career (at times, my first). It was a cold Wednesday in January. The snow had long since given up any attempt at being a cheerful white and had retreated into the gutter to form small islands known as City Snow. You know, the kind that is almost black from bein

Representative Tim Mahoney (D-FL16) won his seat pretty easily in 2006 after incumbent Mark Foley, well, you know. He was the guy who was flirting with male Congressional Pages. Well, Tim Mahoney is the Democratic incumbent of a relatively Republican district and he’s in trouble. How much trouble is he in? Take a [...]

In Wave 4, Richard Poe brings up a fact that I have never considered: the meaning of the word “job”.  He quotes economists James Dale Davidson and Lord William Rees-Mogg who claim, “ The twenty first century will see the death of jobs as we know them.”  The author goes on to explain that it [...]

Whoever said that the Philippines is enjoying great economic rewards is lying. Philippine unemployment rate rose once more in April of 2008, according to a report published by AFP last month. To... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Just as you would protect your life and car by taking out insurance against the unexpected then you should also give some serious consideration to protecting your mortgage, loan and credit card repayments along with your income in case you should find yourself unemployed. In a world where the unexpected frequently happens if you have a mortgage or loan and make repayments each month thought should

For those of you who are fortunate to have a stable job and blessed with being gainfully employed, congratulations and more power to you. For those of you who are currently unemployed or out of a job, I feel your frustration. I’ve been there before and know how scary and uncertain the experience can be. In [...]

Many individuals are aware that they are able to cover their loan or mortgage repayments as the lender usually asks them if they wish to take out a policy. However you can also choose to cover your income against unemployment or incapacity due to sickness or accident. Income protection allows you to cover a wider [...]

Unemployment rates in California hit 6.8% during the month of May -- the 5th worst in the country and certainly a huge spike of 1.5 percentage points from just a year ago. From an L.A. Times story:California's unemployment rate jumped in May to 6.8%, its highest level in almost five years, reflecting the continued loss of construction and finance jobs in the wake of the real estate collapse. T

The unemployment rate in California rose to 6.8 percent in May. California currently has the highest unemployment rate in the nation, after massive losses in construction and financial jobs related to its real estate collapse. The Employment Development Department reported that the rise in unemployment was six tenths of a point higher then the previous month.

From the Oregonian:Oregon lost jobs in May for a third consecutive month -- the first time that's happened since early 2003 -- as the state's unemployment rate rose to 5.6 percent.Payroll employment dropped by 3,700, on a seasonally adjusted basis, reaching 1,735,200, the lowest level since October. Job losses hit construction, manufacturing and professional and business services again in May, and

Since you can't fire the players...The Seattle Mariners decided to from GM Bill Bavasi this afternoon due to their lack of success in 2008 and having the worst record in baseball. Currently at 24-45, they are worst team in the sport, and after a sweep by the Washington Nationals changes were in order.Although the Mariners won 88 games in 2007, and acquired Erik Bedard from the Orioles via trade an

The real health of a nation is derived from a citizenry that is employed adequately. The debate over what “adequate” constitutes can be debated but it is sufficient to say that the way current national data is gathered for employment is simply inadequate. People are undercounted. Even with the report that was [...]Related Posts:■California Budget Details: How the Recession Will A

Shares on Wall Street dived this afternoon after the US unemployment rate unexpectedly jumped to 5.5%, intensifying fears that the world’s biggest economy is sliding into recession. The Dow Jones industrial average lost more than 200 points and by 3.15pm the index was showing a loss of 235 points, at 12,370, a fall of 1.8%. US non-farm [...]

More bad news for the Economy. According to USA Today: Businesses shed 49,000 jobs in May WASHINGTON — The government said Friday that the nation’s unemployment rate jumped to 5.5% in May — biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs. It was a dramatic sign of a deeply troubled economy. The latest snapshot of [...]

Can a person declare bankruptcy while unemployed? I was laid off in the first week of May and I have started recieving EI. The EI payments will end next April. I have about 120K in debt. About 75K of the debt is covered by credit insurance which pays the minimum payment (3% [...]

When you look at the current unemployment rate of 5 percent, you would think that our economy would be humming along. Yet the way that they calculate the official unemployment rate is such a joke, you are almost left guessing how many people are really out of work. Are you looking for work [...]Related Posts:■The Short Sale Report: Volume 1 – The True Barometer of the Housing Market■A Bub

Many people are afraid of unemployment and prefer not to think about it. But let's agree that such a situation can happen to anyone. A lot of unemployed people find themselves financially unstable and they are afraid that their credit score will be damaged if they are fired from work. So what can be the best way out from this difficult situation? What is the way to protect yourself from awful fina

WASHINGTON - FEDERAL Reserve officials strongly suggested they won't be inclined to cut interest rates further even as they sharply downgraded their forecast for economic growth this year, citing damage from a housing slump, credit crunch and galloping energy prices.Wall Street took a tumble as investors faced the weaker outlook and the possibility that the Fed's rate-cutting campaign was winding

Another strike looms in Hollywood. This is very sad. This could seriously slow down progress on the upcoming “Terminator” sequels. Please don’t let that happen. And on a graver note, this puts all film workers’ jobs at risk. The writer’s strike last fall was awful. We have neighbors who didn’t work for 6 months. [...]

    By AP economic writer the first the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.   That’s the latest outlook from forecasters in a survey to be released Monday by the National Association for Business [...]

By Jeannine Aversa, AP Economics Writer Forecasters foresee weak economy, higher unemployment even if housing, credit woes ebb WASHINGTON (AP) -- First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.That's the latest outlook from forecasters in a survey to be releas

As a nation of homeowners, we are particularly vulnerable to the effects that accident, sickness, or unemployment could have on our ability to meet our monthly mortgage repayments. In view of this, it is quite alarming to note that of the 11 million mortgage borrowers in the UK, only 20% currently have any form of independent insurance to protect their mortgage repayments in the event of

From the Oregonian:Oregon's seasonally adjusted unemployment rate was 5.5 percent in April, the Oregon Employment Department said Monday, a smidgen below the revised figurefor March of 5.6 percent.The U.S. seasonally adjusted unemployment rate was 5 percent in April and 5.1 percent in March.The department said Oregon's seasonally adjusted nonfarm payroll employment declined by 1,600, following a l

Frankfurt - According to estimates from Eurostat, euro zone CPI rose by 3.3% in April, slightly below economists' expectations for a 3.4% rise. April’s estimate is lower than the 3.6% CPI increase observed in March.Eurostat also published data on euro zone unemployment and announced that it has remained stable at 7.1% in March, unchanged from February’s reading and in line with the consensus forecast.The Netherlands registered the lowest unemployment rate of the euro zone states with a figure of 2.6%, whereas Spain, with a reading of 9.3%, had the highest employment rate in March.

The Labor Department just released the April 2008 unemployment numbers. While these are negative, they aren't as bad as estimates. The unemployment rate came... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

My pivot for today is the 1402-1405 area. Above the pivot, my close range targets are 1407 and 1408.50 with my longer-range targets being1412, 1416, and 1419. Below the pivot, my close range targets are 1400.50 and 1397.75 with my longer-range targets being 1393, 1389, and 1385. Some support and resistance levels are 1369-1372, 1381-1383, 1393-1394(small), 1415-1417(small), 1422-1425 and 1430 area

Studies Demonstrate That Children Have Unmet Health Needs When Parents Lose Insurance Tech Tags: children's newswatch children's news kids news children kids youth

Frankfurt - According to estimates from Eurostat, euro zone CPI rose by 3.3% in April, slightly below economists' expectations for a 3.4% rise. April’s estimate is lower than the 3.6% CPI increase observed in March.Eurostat also published data on euro zone unemployment and announced that it has remained stable at 7.1% in March, unchanged from February’s reading and in line with the consensus forecast.The Netherlands registered the lowest unemployment rate of the euro zone states with a figure of 2.6%, whereas Spain, with a reading of 9.3%, had the highest employment rate in March.

In March Hawaii’s jobless rate fell to 3.1% from 3.2% in February (see the Star Bulletin article). Further evidence that our economy may be fairing better than many places in the rest of the United States, only four states have an equal or lower unemployment rate (North Dakota, Oklahoma, Wyoming and South Dakota). This may [...]

From the Columbian:The Vancouver-Portland area’s unemployment rate increased to 5.3 percent in March, compared to 5.0 percent in February, according to data released Monday by the Oregon Employment Department.Clark County’s March unemployment rate was 6.9 percent, up from the 6.7 percent February figure.The metropolitan region added 400 jobs in March, with the construction and health service sectors combining to add 1,700 jobs. Losses in other sectors, such as the financial industry, offset some of those gains. Since March 2007, the regional work force has expanded by 0.9 percent.Construction added jobs?

From the MailTribune:The local unemployment rate rose to 7.9 percent in March, up from 7.7 percent in February and 6.3 percent in March 2007. The number of unemployed in the labor force rose from 6,312 in March 2007 to 8,109 in March 2008.Jackson County employers continue to create new jobs, but not fast enough to keep pace with a growing workforce.Employment gains came in leisure and hospitality, health care and social assistance, and local government education, regional economist Guy Tauer said.Neighboring Josephine County saw its unemployment rate climb from 9.3 percent to 9.5 percent last month.Wow 9.5% unemployment.

Loosing a job is an enormous downfall on your financial life. Your mortgage payments, insurance, car repayment and other bills payments will come at a standstill position. There is every possibility that you'll find a job that pays less than the job you left and that may be scanty to catch up on your bills payment.Its needless to say that your state's unemployment insurance or mortgage/loan payment protection or income protection may not be enough to pay your mortgage and other debt payments. You will still need extra insurance for longer period of unemployment to protect your financial interests and for this you can consider a private unemployment insurance which are available in most states up to a $2000 a month.

From the Portland Business Journal:Oregon's unemployment rate in March rose 0.3 percent to 5.7 percent.The U.S. unemployment rate rose to 5.1 percent in March from 4.8 percent in February.In March, Oregon's seasonally adjusted nonfarm payroll employment declined 2,700, following a revised gain of 900 jobs in February.In March, several major industries recorded substantial seasonally adjusted job declines: trade, transportation, and utilities (-1,600 jobs), manufacturing (-1,300), construction (-700) and leisure and hospitality (-700).The losses were partially balanced by seasonally adjusted job gains in educational and health services (+1,300 jobs) and government (+1,100).

The effect of massive job loss in the US may hit Malaysia soon, possibly increasing the national unemployment rate, which sits at 3.5% as of the year 2007. US is rapidly going into the recession mode as the weakening of the US dollars continues. As far as the US economy is concerned, no news is good [...]

The unemployment rate rose from 4.8 to 5.1 percent in March, and nonfarm payroll employment continued to trend down (-80,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the past 3 months, payroll employment has declined by 232,000. In March, employment continued to fall in construction, manufacturing, [...]

We are in the recessionWASHINGTON (MarketWatch) - The U.S. labor market was weaker than expected in March, the government said Friday. The economy lost 80,000 nonfarm payroll jobs last month, according to a survey of business establishments, about the same as the 76,000 lost in February and more than the 60,000 expected to be lost [...]

Bloomberg The U.S. lost jobs for a third consecutive month in March and the unemployment rate rose to the highest level since September 2005, pointing to an economy that may already be in a recession. Payrolls shrank by 80,000, more than forecast, after a decrease of 76,000 in February that was more than initially reported, the Labor Department said today in Washington. The jobless rate rose to 5.1 percent from 4.8 percent. Job losses have shaken consumer confidence, contributing to a weakening in spending that has almost stalled growth. The report reinforces forecasts that the Federal Reserve, whose Chairman Ben S. Bernanke this week acknowledged the economy may face a recession, will need to do more to prevent further deterioration. "You can pretty much write off the next few