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Last updated: 12:58:11 Wednesday Nov 25, 2009


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  • Weekly jobless claims drop below 500,000
    WASHINGTON - In a hopeful sign, the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week, dropping below 500,000 for the first time since January.   Nations:U.S.   Activities:2008 U.S. Layoff Crisis   2009-11-25

    U.S. consumer spending rises, jobless claims tumble
    WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October, while new applications for jobless aid last week fell to their lowest level in more than a year, suggesting the economic recovery is gaining traction.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-11-25

    Jobless rate tops 10 pct. for first time since '83
    WASHINGTON - The unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher.   People:Mitch McConnell Barack Obama Ronald Reagan   Activities:2008 U.S. Layoff Crisis   2009-11-06

    IMF warns G20 off cutting economic support too fast
    ST ANDREWS, Scotland (Reuters) - The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.   Nations:Denmark   Activities:Global Financial Crisis   2009-11-06

    Productivity surges, job growth should follow
    WASHINGTON (Reuters) - U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out.   Activities:2008 U.S. Recession   2009-11-05

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