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October 10, 2008 6:57:44 PM CDT

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Stories related to: payrolls

Stories

9 Stories

  • October 2008

    • Employers Cut Payrolls at Fastest Rate in 5 Years

      Associated Press  |  Oct 3, 08 8:22 AM CDT

      Employers Cut Payrolls at Fastest Rate in 5 Years

      (AP) - Employers slashed payrolls by 159,000 in September, the most in more than 5 years and a worrisome sign that the economy is hurtling toward a deep recession. Today's snapshot also showed the nation's unemployment rate held steady at 6.1% as hundreds of thousands of people streamed out of the work force. It marked the 9th straight month that the economy has lost jobs. More »

      Tags

      recession  • economy  • unemployment  • credit market chaos  • jobless claims  • payrolls

  • July 2008

    • US Lost 62K Jobs in June

      Wall Street Journal  |  Jul 3, 08 8:23 AM CDT

      US Lost 62K Jobs in June

      (Newser) - US employers, battered by rising fuel prices and a stuttering economy, continued to cut payrolls in June, eliminating some 62,000 jobs. It was the sixth straight monthly drop, reports the Wall Street Journal , and nearly 13% more than economists expected. Payrolls have fallen 438,000 so far this year, an average of 73,000 jobs per month. Unemployment held at 5.5%, whereas experts expected a drop. More »

      Tags

      gas prices  • economy  • unemployment  • payrolls  • home values

  • June 2008
  • April 2008

    • US Drops 80,000 Jobs, Biggest Loss in 5 Years

      Wall Street Journal  |  Apr 4, 08 8:00 AM CDT

      US Drops 80,000 Jobs, Biggest Loss in 5 Years

      (Newser) - Unemployment surged in March to 5.1%, the worst it’s been since September 2005, reports the Wall Street Journal. The country lost 80,000 non-farm jobs last month after dropping 76,000 jobs in both January and February. The third sharp drop fuels fears that the US has slipped into a recession and may prompt another interest rate cut by the Fed. More »

      Tags

      Federal Reserve  • US economy  • recession  • unemployment  • Labor Department  • payrolls

  • March 2008

    • Most Economists Say Recession Is Here

      Wall Street Journal  |  Mar 13, 08 5:00 PM CDT

      Most Economists Say Recession Is Here

      (Newser) - A cascade of bleak financial news has convinced most economists in a Wall Street Journal poll that the US is already in a recession. The results are markedly more negative than a similar survey only five weeks ago, and much of the foul mood can be traced to last week’s dismal employment report. “The evidence is now beyond a reasonable doubt,” said one. Of the 51 economists polled, 71% said recession had arrived. More »

      Tags

      Wall Street  • recession  • economy  • unemployment  • retail sales  • interest rate cut  • payrolls  • downturn

  • February 2008

    • Recession Fears Mount as Jobs Drop Unexpectedly

      Wall Street Journal  |  Feb 1, 08 9:27 AM CST

      Recession Fears Mount as Jobs Drop Unexpectedly

      (Newser) - Nonfarm payrolls declined 17,000 in January, the first monthly loss of US jobs since August 2003. The surprising loss—in manufacturing, construction, financials, and government—seems to vindicate aggressive action by the Fed, the Wall Street Journal reports. The number, which had been expected to climb by 75,000 jobs, raised both recession worries and hopes for yet another Fed rate cut. More »

      Tags

      Federal Reserve  • unemployment  • manufacturing  • construction  • payrolls

  • November 2007

    • Jobs Get Surprise October Bump

      Bloomberg  |  Nov 2, 07 10:25 AM CDT

      Jobs Get Surprise October Bump

      (Newser) - Job growth in October was unexpectedly robust, with the addition of 166,000 jobs doubling projections and easing recession fears. Analysts had predicted an increase of only 85,000 jobs; one economist said the surprise figure “will increase the Fed's conviction that it should keep rates unchanged” for months to come, Bloomberg reports. The unemployment rate held steady at 4.7%. More »

      Tags

      housing market  • Chrysler  • unemployment  • wages  • payrolls

  • September 2007

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