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Last updated: 12:37:59 Friday Nov 6, 2009


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  • Jobless rate tops 10 pct. for first time since '83
    WASHINGTON - The unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher.   People:Mitch McConnell Barack Obama Ronald Reagan   Activities:2008 U.S. Layoff Crisis   2009-11-06

    Obama signs homebuyer, jobless bill assistance
    WASHINGTON - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.   People:Barack Obama   Activities:Obama Admin. 2008 U.S. Recession   Source:(AP)   2009-11-06

    IMF warns G20 off cutting economic support too fast
    ST ANDREWS, Scotland (Reuters) - The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.   Nations:Denmark   Activities:Global Financial Crisis   2009-11-06

    Productivity surges, job growth should follow
    WASHINGTON (Reuters) - U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out.   Activities:2008 U.S. Recession   2009-11-05

    October sales offer relief to merchants
    NEW YORK - Consumers, looking to outfit themselves for cooler weather and enticed by an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.   Activities:2008 U.S. Recession   Source:(AP)   2009-11-05

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