The department said almost 120,000 Kansans were actively seeking jobs last month, compared with about 74,000 in July 2008.The rate in Jefferson County dropped to 7.8 percent in July from 8.3 percent in June, the lowest the rate has been since November. The county’s unemployment rate is still much higher than at this time last [...]
The attacks underscore the fragility of Iraq’s security since U.S. combat troops withdrew from urban areas on June 30 and as the country prepares for elections in January. The withdrawal from cities is part of a U.S.-Iraqi agreement signed in January that outlines the complete pullout of American forces by the end of 2011. [...]
Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last weekMany economists still expect the nation’s gross domestic product, the broadest gauge of the economy, to grow 2 to 3 percent in the current July-September quarter and by a similar amount in the fourth quarter. But some worry it will [...]
Reactions among European governments were mixed. Finance Minister Christine Largarde declared that France has pulled out of recession. German Economics Minister Karl-Theodor zu Guttenberg was less confident. “There is still a long way to go before our economy regains its level of a year ago,” he said in a statement.European stocks rose on hopes of [...]
Crude fluctuated in a narrow $71.48-$71.96 a barrel range in Asia. The drop was in response to a stronger dollar and a forecast by the U.S. National Oceanic and Atmospheric Administration that it now expects a near-to-below-normal hurricane season, as the effect of the El Niño weather pattern continues to develop. Benchmark crude for September [...]
About 1.6 million people are claiming unemployment benefits. Economists called the data “truly horrible”. The West Midlands has become the first British region in the current recession to see its unemployment rate reach double figures: 10.3 per cent. There is also increasing evidence that workers are turning to temporary and part-time work, as well as [...]
Rattner’s decision to step down after fewer than five months on the panel follows the administration’s successful plan to march GM and Chrysler through what Rattner once called “quick rinse” bankruptcies, backed by government aid that totals $85 billion. Rattner also carried out the firing of former GM Chairman Rick Wagoner as part of the [...]
U.S. employment fell by a seasonally adjusted 467,000 jobs in June, after declining by 322,000 the month before, the Labor Department said Thursday. The report is at odds with such signs of recent economic improvement as growing home sales and increased business investment.The key question is how long will the U.S. keep shedding jobs. Unemployment, [...]
The U.S. has faltered as it has moved toward a service- and consumption-based economy, Immelt said. He singled out financial services, which he said comprise 45 percent of earnings of companies on the Standard & Poor’s 500 index, up from 10 percent a quarter-century earlier.Earlier Friday, Immelt announced GE is developing a $100 million research [...]
By deciding to build the small cars in the United States, GM is defying the industry’s conventional wisdom that small cars can only be profitably made in low labor cost countries such as Mexico, China, India or eastern Europe. The key is GM’s labor agreement with the UAW that allows up to 25% of any [...]