InfoAnda - US job losses slow, as unemployment hits new high

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

EU targets 1 trillion euro GDP gain in the cloud | | 27 September 2012
Saddam gets stamp of disapproval from Iraqi show | 4 May 2009
Riots in Jerusalem as Hamas calls for 'intafada' | 16 March 2010

McCain says Palin to play leadership role as ex-Governor | 5 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : US job losses slow, as unemployment hits new high

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: US job losses slow, as unemployment hits new high AFP - Saturday, May 9 WASHINGTON (AFP) - - US labor market losses eased in April with 539,000 jobs axed, while the unemployment rate hit 8.9 percent, according to data Friday suggesting the economy remains weak but may be stabilizing. The jobless rate hit its highest level since September 1983 but the pace of job losses slowed appreciably, offering another possible sign of an easing of the severe economic slump. The number of job losses was not nearly as bad as the consensus Wall Street estimate of 600,000 in the Labor Department monthly payrolls report, one of the best indicators of economic momentum. "Obviously the economy is still contracting, but the rate of decline is easing," said Jay Bryson, economist at Wachovia Securities. "I would say that momentum is shifting. We're not in a freefall, and there are reasons to be optimistic going forward." The department revised its estimates to show steeper job losses in February and March -- February cuts were 681,000 instead of 651,000 and March losses revised up to 699,000 from 663,000. In April, the private sector lost 611,000 jobs but the overall picture was helped by a gain of 72,000 government posts. Some analysts said the report showed only marginal improvement. "It may have been better than expected but it still wasn't as good as it looks," said Avery Shenfeld at CIBC World Markets. "When you add in the downward revisions to prior months and strip out an outsized gain in government employment, the overall trend still looks ugly." Still, Shenfeld said a recovery is possible later this year "especially when we get back online sectors than have been shut down like autos and steel and see the impact of the government's stimulus programs." President Barack Obama said the report showed progress but was no cause for celebration. "While it's somewhat encouraging that this number is lower than it's been in each of the past six months, it is still a sobering toll," said Obama, warning of more job losses in a recession he said would take months or years to end. The Labor Department said the goods-producing sector shed 270,000 jobs including 149,000 in manufacturing and 110,000 in construction. Employment in the services sectors fell by 269,000. Shenfeld said that for the economy to improve, "we would need to see much more improvement in cyclically sensitive sectors like manufacturing and retailing." Although the pace of job losses moderated, the report shows an economy struggling to regain traction. The agency said that since the recession began in December 2007, some 5.7 million jobs have been lost. The number of unemployed persons rose to 13.7 million in April, up by six million over the past 12 months. The number of long-term unemployed -- without jobs for 27 weeks or more -- increased by 498,000 to 3.7 million over the month and has risen by 2.4 million since the start of the recession, the report showed. One key figure, average hourly earnings, managed a small gain of one cent to 18.51 dollars, a rise described as tepid by analysts. "Hourly earnings growth did not add much to consumer buying power," said Patrick O'Hare at Briefing.com. "There have been hopes recently of a steadying in consumer spending leading to a stabilization in economic trends this fall or later this year, but the data does not provide much support for that argument." The US economy suffered a massive 6.1 percent output decline in the first quarter of 2009 after a 6.3 percent pace of decline in the fourth quarter of 2008. But consumer spending, a key driver of activity, rebounded in early 2009 and the drop in output was linked mainly to a plunge in capital spending and a big drawdown in business stockpiles, which some say will force industry to ramp up production soon. Aaron Smith at Moody's Economy.com said the labor market needs to show more improvement to nurture a recovery. "If the economy continues to lose 500,000 to 600,000 jobs per month, stabilization in consumer spending and housing will quickly give way to renewed weakening," he said. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Enlarge Photo A job seeker looks at listings posted at the East Bay Works One-Stop Career Center in Oakland, California. US labor market losses eased in April with 539,000 jobs axed, while the unemployment rate hit 8.9 percent, according to data Friday suggesting the economy remains weak but may be stabilizing. Most Popular – Top Stories Viewed Stress tests lift uncertainty over US banks Obese young men have less hope of marriage: study British store admits it boobed in bra row Court okays breast removal for transsexual teen: report Obama budget to slash 'stunning' waste in US View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 9 May 2009
Afghan's Karzai demands U.S. halt air strikes: report | International |
Ahmadinejad seeks new term as Iran president | International |
U.N. says south Sudan tribal violence worrying | International |
Scheffer says NATO's doors open to Balkan hopefuls | International |
U.S. state AGs looking at Google books deal | Technology |
Visionary or plane crazy? Airbus contest to decide | Technology |
Australia Shores Up Defense As U.S. Power In Region Wanes
Report: Pelosi Was Briefed About Waterboarding In 2002
Child Welfare Spokesman Gets 24 Years In Prison for Child Porn
U.S. Job Market Shows Sign Of Improvement; Unemployment Rate Raises Concerns
"Inappropriate" Growth of Children Spurs New Rules for Sex Gels
Democrats Give Obama Deadline To Submit "Comprehensive Plan" On Closing Guantanamo
Wal-Mart Agrees to Act To Prevent Future Store Tramplings
Crown Of The Statue Of Liberty To Reopen On Independence Day
Former Homeland Security Sec. Tom Ridge Decides Against Senate Run
Roughly 1,400 Firefighters Battle Growing California Wildlfire
Van Halen confirmed for Guitar Hero | Entertainment |
ABBA legends pair up for first new songs in 15 years | Entertainment |
KFC cancels free chicken deal after Oprah promo | Entertainment |
Runaway Cow Escapes Slaughter, Leads Police On Chase
Borat Star Suffered Serious Burns After Trying To Bleach His Body Hair
Michael Douglas Jokes He Had Knee Surgery So He Can Chase Daughter's Future Boyfriends
Tongue Exercise May Reduce Sleep Apnea, Snoring
Diddy Holds Business Meetings In The Gym
Queen Elizabeth's Racehorse Fails Drug Test
American Tourist Caught Swimming Away From Burmese Opposition Leader's Lakeside Home
World's Oldest Dog Turns 21 With Birthday Party, Cake
University Of Illinois At Chicago Bans Graduation Handshakes As H1N1 Precaution
Volcano Boarding New Extreme Sport
Afghan leader demands air strikes end
Pope to visit mosque in Jordan, address Muslims | International |
Pope in Jordan to strengthen Christian-Muslim ties
State Attorney Generals Leary Over Google Books Deal
No need to talk to South, says North Korea | International |
Obama administration renews sanctions on Syria
Concert Promoter Admits To "Phony Toni" Braxton Show Scam
Iran court to review U.S. reporter's case | International |
Murdoch leads charge to get readers to pay online
Lebanon arrests 5 suspected of spying for Israel
Howard Stern Blasts Porn Star Sasha Grey For "Racist" Comment
Canada reports first flu death as U.S. cases climb | International |
Creditors drop opposition to Chrysler bankruptcy plan
Carjackers kill peacekeeper in Sudan's Darfur
Afghan's Karzai demands U.S. halt air strikes: report | International |
Kate Winslet Sues U.K. Tabloid For $225K Over Her Workout Regimen
US job losses slow, as unemployment hits new high
South Africa's Zuma to be sworn in as president | International |
Turkey pledges renewed EU drive
Apple Approves Nine Inch Nails iPhone Application Without Changes
NIN's Trent Reznor Blasts Prince And Rivers Cuomo In Recent Interview
Canada to appeal court ruling on Guantanamo inmate | International |
U.N. experts prepare to investigate war crimes in Gaza
Kiefer Sutherland Charged With Misdemeanor Assault
Lynyrd Skynyrd Bassist Ean Evans Dies From Cancer
Nicolas Cage's "The Sorcerer's Apprentice" Suffers Another Car Accident
AP sources: Gov't sticks with Bush polar bear rule
Beauty Queen May Lose Crown Over Naughty Photos
AT&T to buy some Alltel assets for $2.35 billion | Technology |
Court reinstates Yahoo lawsuit over fake profiles | Technology |
Calif. wildfire estimate doubled to 8,600 acres
Court reinstates Yahoo lawsuit over fake profiles
Hackers breach US air traffic control computers
Trolleys collide in Boston; 49 people hurt
U.S. state AGs looking at Google books deal
NY man, 61, dies climbing Alaska's Mount McKinley
Russia shows military power in Soviet-style parade
Miss Calif. pageant to address contract violations
Ethics complaint against Palin dismissed
UN chief to travel to Bahrain, Switzerland later this month
4 teens charged with sexual battery of teammate
Armenian, Azeri heads make progress on Karabakh: mediator
US military deaths in Afghanistan region at 610
Temporary Czech cabinet sworn in
Man gets more prison time in transgender slaying
Danny Gokey, 'American Idol' crews visit Milwaukee
Jose Carreras announces retirement from opera | Entertainment |
Taiwan's ex-leader rushed to hospital: doctor
Myanmar's Suu Kyi 'not in good health': party
Christian Bale forces Terminator rewrite | Entertainment |
Sacha Baron Cohen's Bruno is pushin' der limits | Entertainment |
Pakistan president sees 'war' against Taliban
Swine flu: Japan, Australia report first cases
Lost teen's emergency calls prove futile
KFC amends free chicken deal after Oprah promo | Entertainment |
Japan's first swine flu patients confirmed
Q&A: Turning 60, Billy Joel is happy and contented | Entertainment |
Japan confirms first 3 swine flu cases
Rapper offers free Stimulus Package | Entertainment |
Sri Lanka troops break more rebel defences: ministry
AFGHAN NOTEBOOK: CIA past shapes Gates' outlook
North Korea says no need to talk to South
Pakistani c.bank buys 43.57 bln rupees of T-bills
EU states seek more time on S.Korea pact-diplomats
EU, China bank on trade to ward off economic slump
Volkswagen, FAW to invest 5bn yuan in China: report
Rapper offers free "Stimulus Package"
Hyundai mulls shift from India on labour woes
'Idol' Kris Allen returns to Ark. hometown, parade
EU agrees to final push in South Korea trade talks
Sacha Baron Cohen's "Bruno" is "pushin' der limits"
Scores die breaking down ships in Asia
KFC amends free chicken deal after Oprah promo
Christian Bale forces "Terminator" rewrite
Hugh Jackman to launch `Wolverine' in Mexico
Fired apprentices diss Joan Rivers
"Star Trek" launched to robust advance screenings
Statue of Liberty's head to open to tourists again
Jose Carreras announces retirement from opera
Militia must stay out of election: Iran reformer
Iran court to review U.S. reporter's case
Gunships, planes strike Pakistan Taliban in Swat | International |
Geithner's warning on speed of economic recovery
Medvedev says Russia will rebuff agression | International |
Pope calls for Christian-Muslim harmony | International |
Zuma sworn in as South African president | International |
Georgia opposition seeks meeting with president | International |
No plans to abolish Turkey's rural militia: minister | International |
Egypt's Muslim Brotherhood dismisses Obama speech | International |
Nations gather for oceans talks in Indonesia
Berlusconi says riding high despite divorce coverage | International |
Competing demands on health overhaul from groups
Peel and weep: Stamps costing 2 cents more Monday
Leahy to return Citigroup donation
Microsoft says EU may boost Google dominance: report
Cleanup begins after Midwest storms killed 5
GOP: Closing Guantanamo prison threatens security
Obama: Send me credit card legislation this month
Gay marriage effort stalls in heavily Catholic RI
Hollywood writer John Furia Jr. dies at age 79
Microsoft says EU may boost Google dominance: report | Technology |
Food stamp rule frustrates police in North Dakota
Maldives holds multiparty parliamentary elections
Gunships and planes strike Pakistan Taliban
Pakistan: Up to 55 Taliban killed in northwest
U.S. drone attack kills at least five in Pakistan
Report: China mine owners hide death of 6 workers
Malaysia frees terror suspects, Indian activists
Australia reports first case of swine flu
Rights group: Sri Lanka shelling hospitals
Indian PM: Outsourcing helps US companies
Japan nuke plant restarts two years after quake
Sri Lanka troops kill 35 Tigers: military
Amy Winehouse cuts short comeback gig in Caribbean
Language of Jesus keeps memories alive in Israel
Miss Calif. pageant to address contract violations
Andy Samberg hosts special on 'SNL' short films
Nations gather for oceans talks in Indonesia
Beyonce Says She Was So Fat As A Child That Her Family Used To Help Her Fasten Her Clothes
Man Shoplifts Clothes, Then Applies For Job At Same Store
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