Employment News
US Jobless Rate Hits 10%
By joshua | Dated: 11-06-2009
The national unemployment rate moved up another .4 percent in October to a 25 year high of 10.2 percent. Employers cut more jobs than forecast, nudging the number up further than had been expected. Construction and manufacturing jobs continue to show the largest declines.The news isn’t all grim, however. The rate of new unemployment claims continues to slow, with the week ending October 31 showing the fewest new claims since January 3rd. The economy expanded in the 3rd quarter for the first time in over a year.
The news comes on the heels of congressional approval of another 20 week extension of unemployment benefits.
Career Connect (From our other career blogs):
- Employment News (Sponsored by EmploymentSpectator)
- Job Search Advice from the CEO of TransportationCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
I was facing the seven-year itch at my previous workplace. Thanks to EmploymentCrossing, I'm committed to a fantastic sales job in downtown Manhattan.
- Joseph L New York, NY
Sign Up now
Only TransportationCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
