employment: Jobless Claims Up
- 10/14/10 09:06 AM
by The Associated Press text size A A A October 14, 2010 Applications for jobless benefits rose for the first time in three weeks, evidence that companies are reluctant to hire. Initial claims rose by 13,000 last week to a seasonally adjusted 462,000. And the U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products. Jobless claims have been stuck near 450,000 all year. Few employers see much reason to create many jobs, and some are still laying off workers. Rail operator CSX Corp., for example, said Wednesday that it can lengthen its trains to handle … (2 comments)
employment: Economy Lost another 95,000 Jobs in September
- 10/08/10 06:13 AM
NEW YORK (CNNMoney.com) -- The job market suffered another blow last month, as business hiring dwindled and the government continued to shed workers. Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the previous month, when employers shed 57,000 jobs.
Government job losses, especially temporary census positions, have dragged down the overall number for several months. But in September, sweeping cuts by cash-strapped state and local governments accounted for more than half of the public sector losses. The government shed a total of 159,000 … (1 comments)
by The Associated Press
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