Tags: unemployment
Hewlett-Packard to cut 9,000 jobs
Jun 1
2010
Tags: job cuts, unemployment
Well, it may have been “unexpected” in DC, but no where else
WASHINGTON (AP) — The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows. Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February. The forecast was for claims to fall by about 4,000 from the previous week. “Although no one expects this volatile …
Tags: jobs, rise, unemployment
Jobless likely to feel pain long-term
Apr 30
2010
Losing a job is always tough, but losing it in the middle of what’s been dubbed the “Great Recession” could hurt for years, according to a new report by the Congressional Budget Office that hints at just how deep the damage could be to those laid off. CBO analysts are forecasting that even when the out-of-work do find jobs, they’ll be well behind their peers who stayed employed and will lose out on thousands of dollars of earning potential over their lives. Worse still, the study found that, unlike past recessions, the jobs picture won’t improve as quickly this time, …
Tags: jobs, recovery, unemployment
Unemployment falls in a majority of U.S. cities
Apr 28
2010
Tags: cities, unemployment
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