Jobless claims surge while trade deficit narrows - Yahoo! News
The Labor Department reported Thursday that jobless claims shot up by 32,000 last week to a seasonally adjusted 516,000, the highest total in seven years. The tally was much higher than analysts expected and a further indication of how much the labor market is deteriorating amid the shrinking economy. The government reported last week that the unemployment rate surged to a 14-year high of 6.5 percent in October.
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njfinfan likes this.
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If you have a good job now, please make sure you bust your butt to show your employer that you are the one that should stay in case your business gets slow. Trust me this has been the hardest thing for me to be unemployed. I am going to a military job fair today to hopefully get a job with a good company or at least get a foot in the door.
njfinfan likes this. -
Mary I hope the good news starts today. I wish the very best of my fellow brothers and sisters that are out of work everyday.:yes:njfinfan likes this.
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All this talk did not hit home until yesterday. GF's dad is being laid off by the end of the year. This is some crazy stuff.
Since we are falling so fast and so hard, I'm praying we hit bottom sooner rather than later, begin to reinvest ourselves as a nation, and start a new journey.Fin Fan In Cali and njfinfan like this. -
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It really is tough. Hubby's been out of work for over a year now and no prospects in sight. I heard on the news this morning that there were 84,000 foreclosures in the northeast due to unemployment during the month of October alone. Scary stuff.Fin Fan In Cali likes this.
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If today's turn out by existing and past military is any sign, the economy is really bad here. There were hundreds of people showing up. I got some leads, and have already sent in my resumes so we shall see.:wink2:
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Wish him the best brother. I think Cali's unemployment rate has to be close to 9% if not over. The unemployment numbers for California will be coming out here in the next week.jdang307 likes this.
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First to fall, hopefully first to recover too. Just like our housing market.
Fin Fan In Cali likes this. -
Deficit and jobless claims jump, but stocks soar - Yahoo! News
Unemployment, which jumped to a 14-year high of 6.5 percent in October, is now projected to climb above 8 percent. Sohn said that will further crimp government tax revenues, which were down 7.5 percent in October compared with a year ago.