U.S. jobless rate at 5-year high
The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, the highest in nearly five years, as employers cut payrolls for an eighth straight month and a decline in labor markets accelerated.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- US jobless claims hit 16-year high 1 hours ago
US unemployment claims surged to a 16-year high, government data showed Thursday, adding to growing alarm as companies worldwide shed workers in the global economic downturn. ...more
- Europe stocks plunge after US jobless... 1 hours ago
European stocks markets plunged in afternoon trading on Thursday with London down 4.52 percent as recession fears deepened on new data showing a surge in US jobless claims. ...more
- Bank Chief Says Sorry For Crisis 2 hours ago
The chairman of the Royal Bank of Scotland has apologised to shareholders for the difficulties it now finds itself in. ...more
- UK Chips In To Iceland Bail-Out 2 hours ago
Britain is to lend Iceland around £2.2bn - the money it claims it is owed by the country - as part of an International Monetary Fund rescue package. ...more
- RBS bank Chairman McKillop "profoundly... 2 hours ago
Royal Bank of Scotland chairman Sir Tom McKillop told investors he was "profoundly sorry" for the crisis which left it needing a 20 billion pound government rescue package. ...more
- AstraZeneca to axe 1,400 jobs in Europe... 2 hours ago
Anglo-Swedish pharmaceuticals giant AstraZeneca said Thursday it would slash 1,400 jobs by 2013 as it shuts factories in Belgium, Spain and Sweden. ...more
