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Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession.
The nation's unemployment rate rose to a five-year high of 6.1 percent in August, according to a new Labor Department report, as employers continued to cut jobs in a troubled economy.
The U.S. unemployment rose to its highest level in four years in July as employers slashed 51,000 jobs, according to a Labor Department report released Friday.
The nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months.
Employers cut fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, the Labor Department announced Friday.
Question/Comment: I am a saver whose income is mostly CDs. We seem to be facing both a recession and inflation. Which of those two is better for me? I assume it is recession? Paul Solman: Neither is better for you…
Exit polling from Tuesday's New Hampshire primary shows that the economy was the top concern among voters in the state, ahead of the Iraq war, healthcare and immigration. Financial reporters explain what candidates are doing to ease voters' economic anxieties.
This installment’s “guest vetter” is Martin Neil Baily, now with the Brookings Institution. He was chairman of President Bill Clinton’s Council of Economic Advisors and is a certified VKP (very knowledgeable person). If you…
More than a year after Hurricane Katrina inundated the city, New Orleans residents remain economically and psychologically affected by the storm, according to a survey released Thursday by the Kaiser Family Foundation.
As the U.S. trade deficit hits a record $800 billion a year and manufacturing jobs continue to flow overseas, AFL-CIO policy director Thea Lee discusses free trade's impact on U.S. jobs.
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