Oct 2nd, 2009 - Forbes
Related topics:
The unemployment rate hasn't topped 10 percent since June 1983, but it could return to that painful level soon - possibly as early as Friday, when the Labor Department issues its monthly jobs report.
Even as the economy shows signs of life, some employers are still cutting jobs, and many more are reluctant to hire after enduring the worst recession since the 1930s.
A return to 10 percent unemployment could pose political problems for President Barack Obama, who pushed through an ambitious $787 billion stimulus package in February intended to "save or create" 3.5 million jobs by the end of 2010. The administration said earlier this month about 1 million jobs have been saved so far.
Related stories:
Stocks decline, again, on dismal jobs report
Oct 3rd, 2009 - Philly
A modest slide left stocks lower for a second week, the first consecutive drop since July. The Dow fell for a fourth day, losing 22 points one day after sliding 203 on reports of weak manufacturing and a jump in claims for jobless benefits.
Job cuts send stocks lower a second week
Oct 3rd, 2009 - Dispatch
NEW YORK (AP) -- Investors retreated further from stocks yesterday as the pile of disappointing economic reports grew larger.A modest slide left stocks lower for a second week, the first consecutive drop since July...
Jobless rate in US up to 9.8%
Oct 3rd, 2009 - BostonHerald
The nation’s employers surprised the experts by slashing another 263,000 workers from payrolls last month, sending the unemployment rate ever closer to the 10 percent mark, the U.S...
Latest job report 'sobering' : Obama
Oct 2nd, 2009 - The Raw Story
US President Barack Obama on Friday said the latest grim government job loss figures were a "sobering" reminder of a difficult "grind" ahead towards economic recovery.
Obama: Jobless rate a sobering reminder
Oct 2nd, 2009 - MSNBC
WASHINGTON - President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts. He says...



