InfoAnda - US sheds 85,000 jobs, highlighting sluggish recovery

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Hague court tells U.N. Sudan protecting suspects | | 26 May 2010
Exclusive: Huawei partner offered embargoed HP gear to Iran | | 31 December 2012
NC Symphony recording features Branford Marsalis | 27 February 2009

NY Times, local publisher reach settlement in copyright case | 27 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : US sheds 85,000 jobs, highlighting sluggish recovery

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology US sheds 85,000 jobs, highlighting sluggish recovery AFP - 2 hours 26 minutes ago Send IM Story Print Women look over job listings on display in San Francisco, California. The US economy lost 85,000 jobs in December while the unemployment rate held at 10.0 percent, the government said in a report that pointed towards a slow and painful economic recovery. WASHINGTON (AFP) - – The US economy lost 85,000 jobs in December while the unemployment rate held at 10.0 percent, the government said Friday in a report highlighting a slow and painful recovery from recession. The Labor Department report on nonfarm payrolls was a disappointment to those hoping for job growth, which is critical to economic recovery. The figure was far worse than the consensus expectation for no change in overall employment levels, and came amid a wide array of predictions ranging from steep losses to modest gains. The unemployment rate meanwhile was in line with expectations, remaining near its highest level since the 1980s. In revising data for prior months, the data showed a net gain of 4,000 jobs in November instead of a loss of 11,000 previously reported, the first positive month after 22 months of losses. But the agency also revised its October estimate to show a loss of 127,000 jobs in October instead of 111,000. "Today's jobs report is, obviously, disappointing," said White House spokesman Robert Gibbs. "We are in a very tough economic environment. Since this recession officially began more than two years ago, seven million jobs have been lost," he added. Christina Romer, head of President Barack Obama's Council of Economic Advisors, called the latest figures "a setback" but said they were "consistent with the gradual labour market stabilization we have been seeing over the last several months." "As the president has said for a year, the road to recovery will not be a straight line," Romer added. "The monthly employment and unemployment numbers are volatile and subject to substantial revision. Therefore, it is important not to read too much into any one monthly report, positive or negative." Private economists said the news was disappointing but consistent with a gradually healing economy. "We're getting a steady but very slow improvement in the job market," said Robert MacIntosh, economist at Eaton Vance. "We are going to have to get used to a frustratingly high unemployment rate." "On the surface this was a disappointing report, especially since we did finally have a positive number in November," said Joel Naroff at Naroff Economic Advisors. "But the seasonal adjustments are difficult in this type of cautious environment and I wouldn't be surprised if in January there was another job increase." Cary Leahey, senior economist at the research firm Decision Economics, called the data consistent with a still-sluggish economy. "The labor market is struggling and is stuck in the water," he said. "You are seeing gains in output and manufacturing because of liquidation of inventories... but we haven't seen a decisive turn in the labour market." The world's biggest economy expanded at a 2.2 percent pace in the third quarter after four quarters of decline in the worst recession in decades. Most analysts expect continued growth for the fourth quarter and 2010 but say recovery could be held back by unemployment, which hurts consumer spending and confidence. "It is starting to look like those in the U-shaped recovery camp are in better shape than those in the V-shaped recovery camp," said Ian Pollick, economics strategist at TD Securities. "While the worst of the recession is likely over, the fact that the duration of unemployment remains rigid is a concern, though a silver lining is that we are likely to see net job creation assisted by census hiring in the first quarter of 2010." The December report showed the goods-producing sector shed 81,000 jobs including 27,000 in manufacturing and 53,000 in construction. The services sector lost a modest 4,000 jobs, with a loss of 10,000 in retail offset by gains in education, health care and professional services. Government sector employment fell by 21,000. Average hours worked, sometimes seen as a proxy for economic activity, was unchanged in December. Average hourly earnings meanwhile rose 0.2 percent. The civilian labour force fell by 661,000 in the month, suggesting that more people are stopping their search for employment. "The unchanged unemployment rate of 10 percent understates labour market slack, since labour force participation fell sharply," said Sophia Koropeckyj at Moody's Economy.com. Recommend Send IM Story Print News Search Top Stories US sheds 85,000 jobs in December Unemployment hits 10% across eurozone Formula One boss launches Saab rescue bid: reports Argentine bank chief resigns, vows legal action Hugh Grant sets marriage as New Year's resolution More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Hugh Grant sets marriage as New Year's resolution New for 2010: anti-wrinkle bras, protein undies Formula One boss launches Saab rescue bid: reports US sheds 85,000 jobs, highlighting sluggish recovery Yen drops on Japanese finance minister comments More Most Viewed » British priest defends urging people to shoplift Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 9 January 2010
NATO forces capture huge cache of drugs, weapons
German bank card glitch resolved: retailers
Shots fired at leading Iranian opposition figure
GM will still consider offers for Saab as liquidation begins
Google wants to buy, sell electricity in US
Harsh winter hits Yemenis fleeing conflict: ICRC |
Iraq Sunni leader will appeal March election ban
Amazon in the sights of e-reader rivals
Immigrants riot in Italy amid racial unrest |
Shots fired at Iran opposition leader Karoubi -report
US sheds 85,000 jobs, highlighting sluggish recovery
White House pushes health, energy, education innovation
US-TECH Summary
Rockets fired at U.S. consulate site in Afghan city |
Google seeks U.S. approval to trade wholesale power
Egypt bars George Galloway from country
Greenpeace issues 'green' grades to Apple, Nokia
Five Iranians facing trial belong to exile group: report |
Greenpeace issues 'green' grades to Apple, Nokia
First Georgian plane since war lands in Moscow |
US troops, kin face cuts in base services
Apple tablet supply chain points to Q2 launch: sources |
Del. governor wants review of pediatrician case
Palm shares jump on CES, 2010 seen turnaround year |
Recall: Books with bad do-it-yourself advice
Oil tops China-Nigeria talks agenda
NY cops: Girl, sitter shot to death, dad arrested
India boosts ties with Africa
Man charged in plane attack arrives at Mich. court
Video stirs call for Sri Lanka war crimes probe
Prius No. 1 in Japan sales as green interest grows
Prosecutor: Fake agent had faked police ID before
Qualcomm to support Google's Chrome OS |
KFC pulls Australian ad over US racism complaints
Probation upheld for SC man in Maserati death
Google seeks U.S. approval to trade wholesale power |
Icy hazards persist through US, deep into South
Blast kills eight insurgents at Pakistan militant safe house
CDC: Swine flu now widespread only in 1 state
Suspected rebels killed in Indian Kashmir shootout
UBS whistle-blower reports to Pa. federal prison
Myanmar issues death sentences for document leaks
Abbott, Boston Scientific stent approved in Japan
Bank of Korea keeps interest rate at record low
China overtakes Germany as top world exporter
Pakistani rupee at record low; stocks up
Pianist Lang Lang to star in Chopin animation
Shanghai Expo unleashes architects' playful side
Tourists wrestle with rights issues in Myanmar
Vampire Weekend go Mexican in new album
Wool hats over bikinis in freezing Florida
Head of Los Angeles Getty Museum steps down
Zanzibar blackout to last six more weeks: minister
Tobey Maguire talks `Spider-Man' production delay
Fox's 'Little Genius' quiz show yanked by producer
Iraqi archaeologists find ancient Sumerian settlement
KFC Australia: Americans Misinterpreted Ad As Racist
Nickel Featured On 'Hawaii Five-O' Sells For $3.7 Million
Lovers Cause Security Breach At Newark Liberty International Airport
Orlando Cop Facing Charges For Squeezing Lactating Mom's Breast Outside Of Nightclub
BC Driver, Quebec Resident Share Top Lotto Jackpot
Iraq Sunni leader will appeal March election ban
Britain faces toughest cuts for 20 years: Darling
UK police arrest 3 passengers on plane at Heathrow |
U.S. pushes Sudan on election preparations
EU anti-terror chief favours airport body scanners
Weak US jobs report highlights sluggish recovery
Next version of Nexus will be enterprise phone
Chavez says Venezuela jets intercepted U.S. plane |
E-reader makers seek bestseller but may end up duds
Shots fired at leading Iranian opposition figure
3 held over 'bomb threat' on London plane: police
U.S. urges new Mideast peace talks, focus on borders |
New Samsung remote control features TV screen
Policeman critical after bomb in tense N.Ireland
GetJar smartphone app shop closes in on a billion downloads
Pakistan renews call for end to U.S. drone strikes |
Former BetOnSports CEO gets 33 months in US prison
EU must be 'demanding' with Cuba: Spain
Karzai to present new cabinet nominees Saturday |
Togo team should not have taken bus: local official |
Microsoft appeals Word patent case once more
U.S. warns of attack on Sudan-Uganda flights |
Spain presents new Internet anti-piracy law
Venezuela's Chavez devalues currency |
Sanyo rolls electric bicycles into US market
Barefoot faithful parade Christ statue through Manila |
BlackBerry presents PowerPoint for 'road warriors'
New Samsung remote control features TV screen
Twitter hiring workers to turn Tweets into money |
Next version of Nexus will be enterprise phone |
Clinton urges resumption of Mideast talks
E-reader makers seek bestseller but may end up duds |
Thai Airways aborts flight over cracked windshield
Authorities raid American Samoa immigration office
Border Patrol: Man claims he's illegal immigrant
Microsoft appeals Word patent case once more |
Report: Man believed to be SKorean enters NKorea
Wickmayer wins WTA Auckland Classic
Calif. authorities told to return 60 lbs. of pot
Philippines prays for disaster-free year
Report: Grand jury apparently probes gate-crashers
Feds reopen probe in Alaska whistleblower case
NATO says 2 service members dead in Afghanistan
Chavez says Venezuela jets intercepted U.S. plane
Calif. gay marriage defendant wants out of case
Mexico says immigration reform unlikely in 2010
Religious feud in Malaysia turns violent
Pakistani officials: Suspected US missiles kill 4
Official says 12 people killed in China mine fire
Japanese fisherman reels in largemouth bass, ties record
Uighur man stabbed to death in south China
US solar company to build power plants in China
Reports: JAL could file for bankruptcy on Jan. 19
Qantas chief says Vietnam pair have done nothing wrong
Giuliani: No domestic terror attacks under Bush
Idol judge Jackson calls Cowell rumors distracting |
Marvel sues to keep Spider-Man, X-Men copyrights
Wash. Sen. Murray leading Senate trip to China
Ex-UCLA researcher pleads guilty to record breach
Official says no charge yet against Jackson doctor |
Police: Stern sidekick Artie Lange stabbed himself
Elvis Presley feted in Memphis on 75th birthday |
"Idol" judge Jackson calls Cowell rumors distracting
Elvis Presley feted in Memphis on 75th birthday
Michael Jackson's doctor hires defense attorney
Senate Seeks to Prevent Witness Intimidation
Vice President Joe Biden's Mother Dies At Age 92
Randy Jackson: No Lambert clone on next 'Idol'
Not Guilty Plea Entered For Alleged "Underwear Bomber"
Pennsylvania Gov. Signs Bill Legalizing Gambling Table Games
Official says no charge yet against Jackson doctor
Authorities Arrest Two Men In NYC Terror Plot
Pink technology put porn viewers into virtual action
U.S., Jordan Agree On Urgent Need For Palestine State
Obama Allocates $2.3 Billion for New Clean-Tech Manufacturing Jobs
Vanessa Hudgens Files Lawsuit Against Website
Amid Talk Of Divorce, Tiger Woods' Wife Hauls Boxes From Golfer's Offices
401(k) Vital Signs Revisited By Mutual Fund Pundits
Taser adds mobile phone monitoring tool to its arsenal
Europe shivers as cold snap brings travel misery
U.S. warns of attack threat to Sudan-Uganda flights
CIA bomber video calls for attacks on U.S |
Ellen Barkin Wins $4.3 Million From Ex-Husband For Film Company Deal
Former Playboy Mansion Party Planner Sues Hugh Hefner For Unfair Dismissal
Iran's Ahmadinejad dismisses nuclear sanctions
Jordan bomber long aspired for jihad: relatives |
James Cameron, Quentin Tarantino Among DGA Award Nominees
Iran Supreme Leader urges firm action over riots |
Sudan dismisses warnings by activists of possible war
Iran releases German, to free Syrian held over riots
'Jordan bomber' said CIA attack was 'revenge': video
Lady Gaga Hired As "Creative Director" And "Inventor" Of Polaroid
Afghan president resubmits cabinet nominees
Tiger Woods Mistress Alleges Twist In Sex Scandal
Britain mulls pullback from part of Afghan region: report
Iraq confiscates arms in private security crackdown |
Ke$ha Spends Third Week At #1 On Billboard Hot 100
Gary Coleman Taken To The Hospital
Roman Polanski Requesting Sentence In Absentia
Sudan dismisses warnings by activists of possible war |
Iran releases German, to free Syrian held over riots |
People Choice Awards Honors Sandra Bullock, Johnny Depp, Taylors Swift And Lautner
Kevin Bacon To Receive Honorary Distinction At Critics' Choice Movie Awards
Fourth church attacked in Malaysia as Allah row deepens |
CIA bomber video calls for attacks on U.S
Taiwan's ruling party defeated in by-elections
Obama gets head start on promoting health overhaul
Indian set on fire in latest Australia attack
Palestinians list preconditions for peace talks
Fourth Malaysian church attacked in 'Allah' feud
The nation's weather
Hong Kong pro-democracy activist arrested
O'Brien may find door open at Fox if he bolts NBC
Clashes break out in Indian Kashmir over killing
Analysis: Obama's buck-stopping goes only so far
6 arrested in HK over $3M Tokyo jewelry heist
Second suspect in NYC terror probe due in court
Strong earthquake strikes near Solomon Islands
Xe Services aiming for Afghan police training deal
Man arrested in Newark airport security breach
Filipinos honor Black Nazarene in annual festival
CIA director defends agency against criticism
eSolar strikes deal to build power plants in China
JAL set to file for bankruptcy on January 19: reports
Pakistani c.bank buys 92.55 bln rupees of govt paper
Conan may find door open at Fox if he bolts NBC
Gumby animator Art Clokey dies at 88 in California
Indian cinema banks on its history for Oscar success
Hillary Highlights Role Of U.S. In Supporting Women Rights
EPA Sets Strictest Smog Limits To Save $100 Billion In Health Cost
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01