News on Unemployment Rate

Four US cities best weathered the recession

2010-03-19T20:00:12Z

<div><p>The four large U.S. cities that have made it through the Great Recession with the smallest increases in unemployment, Minneapolis, Oklahoma City, Buffalo and Rochester, New York, don't have much else in common. B...

The four cities that best weathered the recession

2010-03-19T14:30:26Z

<div id="subtitle">The Final Four: The four large cities that best weathered the recession</div><div><p>Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.</p><p>Minneapolis, Buffalo, Oklahoma City and Rochester, N....

Unemployment soars in U.S. metropolitan areas

2010-03-19T10:45:09Z

<div><p>WASHINGTON (Reuters) - Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.</p><p>Nearly 200 metropolitan areas reported jobless rates of at least 10 percent in January, showing that unemployment problems persist at the loc...

RI unemployment rate unchanged at 12.7 percent

2010-03-19T08:45:38Z

<div id="subtitle">RI unemployment rate unchanged at 12.7 percent in February, still outpaces national average</div><div><p>The unemployment rate in Rhode Island held steady at 12.7 percent in February, and the number of state residents with jobs increaed by 1,600 from the month before.</p><p>The state's jobless rate was unchanged from January, but continues to well outpace the national percentage of 9.7....

Utah jobless rate rises to 7.1 percent in February

2010-03-19T06:15:30Z

<div id="subtitle">Utah's unemployment rate rises to 7.1 percent in February, highest mark since 1984</div><div><p>Utah's unemployment rate rose to 7.1 percent in February, the highest since 1984, the state Department of Workforce Services said Thursday.</p><p>The figure means 95,300 people in Utah were considered unemployed —...

Pa. jobless rate highest since 1984; 16K jobs shed

2010-03-19T06:15:20Z

<div id="subtitle">Pa. employers shed 16,000 jobs in Feb.; jobless rate rises to 8.9 pct, highest point since '84</div><div><p>Pennsylvania employers continued to reduce payrolls last month as the state's unemployment rate rose slightly to its highest point in a quarter century.</p><p>The state Labor and Industry Department said Thursday that employers shed another 16,000 jobs in February. That brings the...

Obama signs multibillion-dollar jobs bill

2010-03-18T14:16:50Z

<div><p>President Barack Obama offered hope Thursday that the faltering US economy will soon create more jobs, as he signed a multibillion-dollar employment package to aid the fragile recovery.</p><p>Signing into law a 17.6-billion-dollar measure designed to boost hiring, Obama said the economy was "beginning to move in the right direction," but admitted ordin...

Data points to modest recovery, muted inflation

2010-03-18T14:00:18Z

<div><p>WASHINGTON (Reuters) - Labor market and consumer prices data on Thursday showed the U.S. economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve's vow to keep benchmark interest rates ultra-low for some time.</p><p>Initia...

Obama signs multibillion-dollar bill to create jobs

2010-03-18T11:16:20Z

<div><p>President Barack Obama offered hope Thursday that a growing US economy may soon bring more jobs, as indicators pointed to a still-fragile recovery from the "great recession."</p><p>Signing into law a 17.6-billion-dollar measure designed to boost hiring, Obama said the economy was "beginning to move in the right direction," but admitted ordinary America...

Minn. unemployment rate unchanged in February

2010-03-18T08:46:07Z

<div id="subtitle">Minn. unemployment rate unchanged in February as employers cut 3,400 jobs</div><div><p>Minnesota's unemployment rate held pat in February at 7.3 percent, as employers eliminated a net 3,400 jobs.</p><p>The Department of Employment and Economic Development figures released Thursday contrasted with a strong showing in January, when the economy added an upwardly revised 17,200 jobs.</p><p>Officials are waiting for several consecutiv...

Weekly US jobless claims down

2010-03-18T08:16:09Z

<div><p>New claims for unemployment benefits in the United States edged down last week but gave little respite to the troubled labor market, government data showed Thursday.</p><p>Some 457,000 Americans began claiming benefits in the week to March 13, a decrease of 5,000 from the previous week.</p><p>The figure was slightly higher than the 455,000 expected by most analysts, prompting disappointment.<...

Stock futures in narrow range ahead of opening

2010-03-18T04:30:45Z

<div id="subtitle">Stock futures trading in narrow range ahead of unemployment, inflation reports</div><div><p>Stock futures are trading in a narrow range, a day after the Dow Jones industrial average rose to its highest level of the year.</p><p>Investors are heading into Thursday trading tentatively after Greece said it might nee...

British jobless rate dips to 7.8%

2010-03-17T04:16:23Z

<div><p>Britain's unemployment rate fell to 7.8 percent in the three months to the end of January, compared with the August-October period, official data showed on Wednesday.</p><p>"The unemployment rate fell by 0.1 (percentage points) on the quarter to reach 7.8 percent for the three months to January 2010," the Office fo...

Jobless rate dips to 7.8%

2010-03-17T04:16:16Z

<div><p>The unemployment rate fell to 7.8 percent in the three months to the end of January, compared with the August-October period, official data showed on Wednesday.</p><p>"The unemployment rate fell by 0.1 (percentage points) on the quarter to reach 7.8 percent for the three months to January 2010," the Office for National Statistics said in a statement.</p><p>"...

Rockford jobless rate nears 20 percent

2010-03-16T17:31:09Z

<div id="subtitle">Rockford jobless rate nears 20 percent; 11 of 12 metro area rates at 10 percent or higher</div><div><p>The greater Rockford area is just a few tenths of a point shy of an inglorious milestone: a 20 percent jobless rate.</p><p>Data released Tuesday showed none of Illinois' top 12 metropolitan regions are fairing well, but unemployment in the Rockfo...

Geithner warns US unemployment will remain high

2010-03-16T10:17:40Z

<div><p>US Treasury Secretary Timothy Geithner on Tuesday warned jobless Americans they face a torrid year ahead, predicting continued high unemployment levels despite advances "sometime this spring."</p><p>Speaking in Congress, Geithner said some improvements in the decimated US job market would come soon, but not enough to eat into the near double-di...

Geithner warns of high unemployment throughout year

2010-03-16T09:16:36Z

<div><p>US Treasury Secretary Timothy Geithner on Tuesday warned jobless Americans they face a torrid year ahead, predicting continued high unemployment levels despite advances "sometime this spring."</p><p>In testimony prepared for Congress, Geithner said some improvement in the decimated US job market would come soon, but it would not be enough to ea...

Austin, Texas best for job seekers: poll

2010-03-15T15:15:17Z

<div><p>Edward Krudy</p><p>NEW YORK (Reuters Life!) - A jobless recovery is like a wet March in Detroit - not much fun. But there may be a way to beat both. Move to Texas!</p><p>A new survey that highlights the increasing divide between the haves and have nots of Iraq, Afghanistan wars</div><div><p>The unemployment rate last year for young Iraq and Afghanistan veterans hit 21.1 percent, the Labor Department said Friday, reflecting a tough obstacle combat veterans face as they make the transition home from war.</p><p>The number was well abo...

Louisiana job outlook improves somewhat in January

2010-03-12T12:30:18Z

<div id="subtitle">Some job recovery in Louisiana in January, despite end of seasonal work</div><div><p>Louisiana's job picture improved somewhat in January, despite the loss of retail jobs for the Christmas season and jobs temporarily held by students, the Louisiana Workforce Commission reported Friday.</p><p>On a non-s...