The Age logo The Age 4 months ago

US unemployment figures surge

THE US has recorded its highest unemployment levels in 26 years a figure President Barack Obama described as "sobering news", raising new fears that rising unemployment is eating away at consumer confidence and undermining any chances of recovery late... Full Article at The Age

Related Articles

  1. NOW it's getting personal. My wife was one of the 467,000 people around the country who lost their jobs in June. Two months earlier, my sister was let go from a banking job she'd worked for nearly two decades. Full Article at Lancaster Eagle Gazette

  2. LONDON: Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns that any recovery will take time now with more than 15 million people are out of work. Full Article at Lebanon Daily Star

  3. President Barack Obama described America's unemployment rate as ''sobering news'' after new figures showed it had reached a 26-year high, and that another 467,000 people lost their jobs during June - a big jump on May, which had brought hopes of a... Full Article at The Age

  4. The Labor Department's job report this morning may not be surprising, but it's still disappointing: The unemployment rate rose in June to 9.5 percent, making it the worst in 26 years. The rise, from 9.4 percent in May, is slight. Full Article at U.S. News & World Report

  5. U.S. businesses shed 467,000 jobs in June and the national unemployment rate increased to 9.5 percent — the highest in nearly 26 years, the Labor Department said Thursday. Full Article at NPR

  6. The euro area seasonally-adjusted unemployment rate was 9.5 per cent in May 2009, compared with 9.3 per cent in April, European statistical office Eurostat said on July 2 2009. It was 7.4 per cent in May 2008. Full Article at The Sofia Echo

  7. Unemployment in the 16 countries that use the euro spiked to a ten-year high in May, reinforcing concerns any recovery will take time with so many people out of work. Full Article at Hindustan Times

  8. “The themes that are dominating this worsening labor market are problems in housing and autos, which have forced companies to cut jobs,” said economist Ken Mayland, president of ClearView Economics. “Unfortunately, there are still more layoffs to come. Full Article at Columbus Ledger-Enquirer

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