US unemployment figures surge

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

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We have to unleash the great generative powers of the American economy
SOURCE: The Age 4 months ago
testament to both the enormity of the current crisis and to the extreme weakness of jobs growth from 2000 to 2007
SOURCE: Helena Independent Record 4 months ago
While the ECB seems unlikely to cut interest rates or announce new unconventional measures today, bolder policy support might be needed in future
SOURCE: Lebanon Daily Star 4 months ago
Given that labor-market developments tend to lag behind those in the wider economy, unemployment almost certainly has considerably further to rise
SOURCE: Lebanon Daily Star 4 months ago
Deep and extended economic contraction, depressed business confidence and deteriorating profitability is pushing unemployment up sharply across the eurozone
SOURCE: The Daily Telegraph 4 months ago
As I've said from the moment I walked into the door, of this White House, it took years for us to get into this mess and will take us more than a few months to turn this around.
SOURCE: The Daily Telegraph 4 months ago
We have to unleash the great generative powers of the American economy
SOURCE: The Age 4 months ago
Clearly the economy is still in a recession. These are very, very weak numbers and are obviously going to be very disappointing to investors throughout the country
SOURCE: NPR 4 months ago
These job losses [are] much more severe than had been expected — the expectation being around 360,000 in job losses — so the economy is still very clearly struggling at best
– Hugh Johnson SOURCE: NPR 4 months ago
These job losses 467,000 [are] much more severe than had been expected — the expectation being around 360,000 in job losses — so the economy is still very clearly struggling at best
– Hugh Johnson SOURCE: NPR 4 months ago

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