News you can use
News you can use
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Jobless rate rises to 9.8 pct. as job growth slows WASHINGTON — The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high, as hiring slowed. Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month. Private companies — the backbone of the economy — created 50,000 jobs. That was down significantly from the 160,000 private-secto...
Economic panel says recession ended in June 2009 JEANNINE AVERSA, AP Economics Writer WASHINGTON (AP) — The longest recession the country has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday. The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., said the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest post World War II downturns were those in 1...
