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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: payrolls

payrolls stories: 25 news summaries

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 Unemployment Jumps to 10.2% 

Companies cut 190,000 jobs last month

Nov 6, 09 7:50 AM CST
(Newser) - Unemployment cracked the 10% barrier last month, as 190,000 workers lost their jobs, according to Labor Department figures released today. The bigger-than-expected losses bring the rate to 10.2%, a 26-year high. And the underemployment rate, which includes would-be full-timers working part time and those who've given up looking... More »

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recession • unemployment • Department of Labor • payrolls • economy • underemployment • unemployment rate

JOE POSNANSKI

Yankees' Bank Finally Defeats the System

We're all tired of talking about NY payroll, but it stifles baseball hope

Nov 5, 09 10:12 PM CST
(Newser) - Yes, writing about the New York Yankees’ ginormous payroll is “like writing about the heat in Phoenix. We all know it’s there, and we don’t really want to talk about it anymore,” Joe Ponanski says in what he admits is a “screed.” And though... More »

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New York Yankees • Alex Rodriguez • Johnny Damon • Mark Teixeira • payrolls • AJ Burnett • baseball playoffs • baseball • hope • CC Sabathia • 2009 World Series • Joe Posnanski

(Newser) - The US lost 216,000 jobs last month, driving unemployment to 9.7%, its highest level since 1983, the Wall Street Journal reports. The silver lining is that job losses have slowed; payrolls dropped a revised 276,000 in July, and earlier months saw losses of as many as... More »

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economic indicators • unemployment • Department of Labor • payrolls

MARKETS

 Jobs Lift Stocks; Dow Up 114 

Unemployment report fuels rally

Aug 7, 09 3:15 PM CDT
(Newser) - Good news about the labor market fueled a rally in stocks today, the Wall Street Journal reports. Slowing declines in payrolls and a 0.1% drop in unemployment—both figures beat expectations—elevated investor sentiment. AIG jumped 22.2% after reporting a $1.8 billion quarterly profit. The Dow gained... More »

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Dow Jones • unemployment • Nasdaq • AIG • payrolls • job market • S&P 500 • job

(Newser) - Job losses slowed more than expected last month, and unemployment fell from 9.5% to 9.4% in its first dip since April 2008, the Labor Department announced today, marking another strong positive sign for the economy. Payrolls fell by 247,000, a big improvement over the 443,000 lost... More »

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unemployment • US economy • payrolls • jobless claims • financial crisis

MARKETS

 Dow Falls 223 on Jobs Data 


Jul 2, 09 3:35 PM CDT
(Newser) - Stocks posted losses today, soured all session by worse-than-expected June employment data, the Wall Street Journal reports. With unemployment up a tenth of a percent to 9.5%  and wages remaining stagnant, investors have little to be optimistic about. The Dow lost 223.32 to settle at 8,280.74.... More »

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Dow Jones • wages • unemployment • Nasdaq • payrolls • S&P 500 • jobless

MARKET Open

 Stocks Plummet on Jobs Data 


Jul 2, 09 8:46 AM CDT
(Newser) - Stocks tumbled at the open today after a worse-than-expected drop in June payroll figures, the Wall Street Journal reports. The Dow sunk 135 points, while the Nasdaq and S&P fell 1.8% and 1.6%, respectively. The economy shed 467,000 non-farm jobs in June; economists had predicted... More »

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stock market • Dow Jones • unemployment • Nasdaq • payrolls • S&P 500

(Newser) - Unemployment has hit a 25-year high, but analysts say it will worsen as job cuts force consumers to cut back, triggering yet more payroll reductions, Bloomberg reports. Manufacturers, service providers, and even the US Postal Service are planning to lay off workers in the face of declining consumer demand. “... More »

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layoffs • recession • unemployment • consumer spending • manufacturing • Department of Labor • payrolls

MARKETs open

 Stocks Flat After Jobs Data 


Apr 3, 09 8:48 AM CDT
(Newser) - Stocks ran out of gas at the open today, as investors digested a grim jobs report. The Dow and S&P were essentially flat, the Wall Street Journal reports, while the Nasdaq inched higher, on strong earnings from Research in Motion. The BlackBerry maker posted a 26% gain in... More »

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stock market • Dow Jones • BlackBerry • unemployment • Nasdaq • payrolls • Research in Motion • job cuts • S&P 500 • job

(Newser) - Another punishing month of job losses in March has pushed unemployment to a 25-year-high of 8.5%, the Labor Department said today. Total job losses for the 16-month recession have now passed 5 million. Nonfarm payrolls fell 663,000 in March, which mostly matched analyst estimates, the Wall Street ... More »

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unemployment • Department of Labor • payrolls • job cuts • job

 Unemployment Leaps to 8.1% 


Mar 6, 09 7:54 AM CST
(Newser) - Unemployment hit 8.1% in February, its highest level since late 1983, as employers cut 651,000 jobs, the government said today. That’s worse than the 7.9% analysts predicted, thanks to revised numbers from January and December that were much worse than originally reported. December’s revised loss... More »

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economic indicators • unemployment • payrolls • jobless claims • economy

MARKET Open

 Stocks Up Despite Job Plunge 


Feb 6, 09 8:47 AM CST
(Newser) - Stocks shot up at the bell, despite a grisly nonfarm payrolls report, as investors bet on a stimulus package boost. The Dow climbed 100 points, while the S&P and Nasdaq each gained about 1.4%. Unemployment hit 7.6% after a grim January, the Labor Department announced today. But... More »

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stock market • unemployment • Nasdaq • Dow • payrolls • S&P 500 • Timothy Geithner

(Newser) - Nonfarm payrolls plunged 598,000 in January, the Labor Department announced today, bringing the total job losses to 3.6 million since the recession began in December 2007. The drop was significantly worse than analysts anticipated, and the worst since December 1974, the Wall Street Journal reports. The jobless... More »

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layoffs • recession • unemployment • payrolls • jobless claims • economy

 US Loses 524K Jobs; 
 Unemployment Hits 7.2% 

Makes 2008 worst year for employment since 1945

Jan 9, 09 8:04 AM CST
(Newser) - Employers cut 524,000 jobs in December, which, on the heels of November’s decline of 584,000, made 2008 the darkest year of job losses since the end of World War II, Bloomberg reports. Those numbers were in line with forecasts, but the jobless rate topped its forecast by... More »

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layoffs • recession • unemployment • payrolls • jobless claims • job cuts

MARKET Open

 Jobs Data Send 
 Stocks Tumbling 


Dec 5, 08 8:54 AM CST
(Newser) - Stocks took a tumble at the open today, after a stunningly terrible payroll report showed that the US lost more than a half-million jobs in November, the 11th straight month of losses. The Dow fell 95 points, while the S&P and Nasdaq dropped 1% and 1.4% respectively, the... More »

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stock market • unemployment • Nasdaq • payrolls • S&P 500 • Dow Industrial

Economy

 US Lost 
 Half-Million 
 Jobs in Nov. 

Biggest drop in 34 years

Dec 5, 08 8:24 AM CST
(Newser) - November saw 553,000 Americans lose their jobs, according to a Labor Department non-farm payrolls report, the steepest drop in 34 years. The number exceeded even the grimmest predictions in Bloomberg’s survey of 73 analysts. “The labor market capsized in November,” said one economist. “The financial... More »

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economic indicators • unemployment • Department of Labor • payrolls • jobless claims • economy

Employers Cut Payrolls at Fastest Rate
in 5 Years

Some 159,000 positions disappear

Oct 3, 08 8:22 AM CDT
(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... More »

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

 US Lost 62K Jobs in June 

US payrolls suffer sixth straight monthly decline

Jul 3, 08 8:23 AM CDT
(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,... More »

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unemployment • gas prices • payrolls • home values • economy

Economy

Jobless Rate Posts Biggest Jump in 22 Years

Signs are very bad for consumers

Jun 6, 08 8:43 AM CDT
(Newser) - Unemployment saw its biggest leap in two decades in May, spiking from 5.0% to 5.5%, as companies scale back their workforces in the face of recession, Bloomberg reports. Analysts had expected a more modest climb, to 5.1%; unemployment hasn’t been this high since October 2004. Payrolls... More »

MORE ABOUT:
Ben Bernanke • economic indicators • unemployment • payrolls • jobless claims • economy

BREAKING

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

Non-farm payrolls fall 80,000 in March, biggest drop in five years

Apr 4, 08 8:00 AM CDT
(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... More »

MORE ABOUT:
Federal Reserve • recession • unemployment • US economy • Department of Labor • payrolls

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