Jobless rate heads for 10 percent; employers skeptical of recovery aren’t ready to hireWASHINGTON — Job hunters will face long odds well into next year. As the unemployment rate inches closer to 10 percent, most businesses are nowhere close to hiring again. Disappointing jobs data saps demand for most commodities; Gold inches higher on weak dollarNEW YORK — A disappointing jobs report sapped demand for most commodities Friday, but gold prices eked out a small gain as the dollar weakened. Summary Box: Rising pink slips the biggest obstacle to a lasting economic recoveryRISING PINK SLIPS: Employers cut 263,000 jobs in September, after a reduction of 201,000 in August. Even though the economy is in a recovery, companies are still sticking with cost cutting. The unemployment rate rose from 9.7 percent in August to 9.8 percent in September, a 26-year high. Companies aren’t likely to step up hiring until they feel confident the economic turnaround has staying power. Stocks fall but end off lows after disappointing jobs report for September; Dow slips 22NEW YORK — Investors retreated further from stocks Friday as the pile of disappointing economic reports grew larger. Obama says 9.8 percent jobless rate a sobering reminder of hard task of reversing recessionWASHINGTON — President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts. Treasury prices give back some of their big gains Friday, ahead of upcoming auctionsNEW YORK — Treasurys on Friday gave up some of the previous day’s big gains as investors locked in profits ahead of a big round of auctions next week. Stocks pare early losses as investors see bargains after disappointing jobs reportNEW YORK — Stocks pared early losses and edged lower Friday after a disappointing monthly jobs report brought fresh concerns that a recovery in the troubled labor market may be a long way off. Unexpectedly steep September job losses send stocks moderately lower, extending market’s slideNEW YORK — Stocks fell Friday after the government reported that more jobs were lost in September than had been expected. Oil prices fall as unemployment rate hits 26-year high, sowing doubt about economy’s reboundOil prices tumbled Friday as unemployment hit a 26-year high, sowing more doubts about the strength of the economic recovery and crude demand. Unexpectedly steep September job losses send stocks lower, extending market’s slideNEW YORK — Stocks fell moderately Friday after the government reported that more jobs were lost in September than expected. Stocks extend recent slide as September job losses rise more than expectedNEW YORK — Stocks are tumbling after the government said more jobs were lost in September than expected. Oil slides below $69 in European trade as weak US unemployment figures shake recovery hopesOil prices fell by more than $2 to below $69 a barrel Friday as disappointing U.S. unemployment figures reinforced doubts about the U.S. economic recovery, discouraging stock and crude investors. Stock futures set to lower open as employers shed more jobs than expectedThe stock market headed for a sharply lower open Friday after the government said more jobs were lost in September than expected. Unemployment rate rises to 9.8 percent in September, as employers cut 263,000 jobsWASHINGTON — The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. Stock futures point to a lower open as investors await key unemployment dataStocks headed toward a lower open Friday as investors await the government’s September jobs report. Japan’s unemployment rate at 5.5 percent in August, down from record highTOKYO — Japan’s jobless rate fell and household spending climbed in August — a double dose of good news for the world’s No. 2 economy though it may not last. Oil slides below $70 in Asia as investors eye weak US economic dataOil prices slid below $70 a barrel Friday as signs of a sluggish U.S. economic recovery discouraged stock and crude investors. World markets slide as investors worry about US economy and brace for key jobs report
Slow recovery means unemployment rate to keep rising, possibly to 10 percentWASHINGTON — The unemployment rate hasn’t topped 10 percent since June 1983, but it could return to that painful level soon — possibly as early as Friday, when the Labor Department issues its monthly jobs report. Global recession has boosted jobless lines worldwide, but data shows marked differencesPARIS — Unemployment is rising around the world as the recession leaves few corners untouched — but sharp differences remain between companies directly hit by financial or housing-market collapses and those that have deliberately protected jobs with expensive measures — including subsidizing shorter working weeks. Economic recovery looks weak as data on jobs, incomes and manufacturing miss expectationsWASHINGTON — The economy is having growing pains. Stocks tumble on disappointing reports on manufacturing, unemployment; Dow slides 203 pointsNEW YORK — Stocks began the fourth quarter with their worst drop in three months after reports on the job market and manufacturing reawakened investors’ pessimism about the economy. Stocks tumble after disappointing report on manufacturing, job market overshadow upbeat newsNEW YORK — Stocks began the fourth quarter with a slide as pessimism about the economy gripped investors. Senate Democrats from states that would miss out on extension of jobless benefits cry foulWASHINGTON — A House-passed bill to give another 13 weeks of unemployment benefits to people from states where the jobless rate is at least 8.5 percent has bogged down in the Senate because of resistance from lawmakers whose states have lower unemployment and would be left out. Stocks slip after mixed personal income and spending data, disappointing weekly job claimsNEW YORK — Stocks retreated in early trading Thursday after two government reports suggested the economy is still poised for a slow recovery. New jobless claims rise more than expected to 551,000; spending jumps in Aug. but incomes lagWASHINGTON — First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak. Bernanke: Fed ‘well suited’ to oversee largest financial cos.; subdued on consumer protectionWASHINGTON — Federal Reserve Chairman Ben Bernanke told a skeptical Congress Thursday that the central bank is “well suited” to oversee colossal financial companies whose failure could endanger the entire economy. Stock futures remain weak after mixed personal income, weekly jobs dataThe stock market headed toward a lower open Thursday after two government reports suggested the economy is still poised for a slow recovery. New claims for unemployment benefits rise more than expected to 551,000, jobs remain scarceWASHINGTON — First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak. Stock futures head lower ahead of manufacturing, personal income data; corporate news weighsThe stock market headed toward a lower open Thursday as investors warily await a flood of key economic data. |
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World markets slide ahead of key US jobs report
