Obamanomics - Bad News For America Is Bad News For 'Rats ("Joblessness rose in 29 U.S. states last month compared with 22 in September, the Labor Department said today in Washington")
Harry's Hope's Honey Hole
rose in 29 U.S. states last month compared with 22 in September, the
Labor Department said today in Washington")
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQsHAD0w1egE
Nov. 20 (Bloomberg) -- California, Delaware, South Carolina and
Florida registered record rates of unemployment in October as weakness
in the labor market stretches from coast to coast and limits the
economic recovery.
Joblessness rose in 29 U.S. states last month compared with 22 in
September, the Labor Department said today in Washington. Michigan had
the highest jobless rate at 15.1 percent, followed by Nevada at 13
percent and Rhode Island at 12.9 percent.
The national rate last month reached a 26-year high of 10.2 percent,
weighing on consumer spending that accounts for about 70 percent of
the economy. Federal Reserve Chairman Ben S. Bernanke said Nov. 17
that joblessness “likely will decline only slowly,” a reason policy
makers will keep interest rates near zero to ensure growth is
sustained.
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yup
On Nov 20, 5:24 pm, Harry Hope <riv...@ix.netcom.com> wrote:
> From Reuters, 11/20/09:http://www.reuters.com/article/ousivMolt/idUSTRE5AJ30M20091120
>
> U.S. layoffs fall in October
>
> WASHINGTON (Reuters) -
>
> The number of mass layoffs reported by U.S. employers fell last month
> from September, a government report showed on Friday, suggesting job
> losses were close to bottoming.
>
> The Labor Department said the 2,127 mass layoff actions reported in
> October -- defined as job cuts involving at least 50 people from a
> single employer -- was down 434 from September.
>
> The layoffs affected 217,182 workers, down from 248,006 in September.
>
> ...................................................................................................................
>
> The battered labor market has been showing gradual signs of
> stabilizing after a surge in job losses early this year.
>
> It is being watched for clues on the strength and sustainability of
> the economic recovery that started in the third quarter.
>
> __________________________________________________
>
> Slowly but surely
>
> Harry