InfoAnda - Fears grow over length of US jobs crisis

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

Hundreds honor David Carradine at funeral | 14 June 2009
Obama website 'Open for Questions' | 11 December 2008
Hudson River to be site of Macy's July 4 fireworks | 5 May 2009

Geely expects to close Volvo deal in third quarter | 8 July 2010

Forum Views () Forum Replies ()

Read more with google mobile : Fears grow over length of US jobs crisis

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 Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Fears grow over length of US jobs crisis AFP - 40 minutes ago Send IM Story Print WASHINGTON (AFP) - – The latest snapshot of the US labor market due Friday was expected to show painfully high levels of unemployment persisting, in more troubling news for President Barack Obama. Economists expect the November report will show a jobless rate stuck at 9.6 percent for the fourth consecutive month, as millions of Americans struggled to get back to work. Analysts believe the private sector created around 140,000 jobs in November after a strong showing in October, when 159,000 jobs were added. But this growth is unlikely to dent the stubbornly high jobless rate. With the employment market unable to untether itself from recession, the jobless rate has remained above nine percent for the last 18 months. While that high rate of joblessness is a constant worry for the eight-plus million Americans who lost their jobs during the crisis, policymakers are increasingly concerned about how long the trend has persisted. Massive government stimulus plans, while alleviating the worst ravages of the downturn, have failed to bring unemployment levels into line with those seen over the last decade. During the 2000s, unemployment rates largely bounced between four and six percent until the Great Recession. Federal Reserve Chairman Ben Bernanke this week warned that entrenched high levels of unemployment could have a "very long-term effect" on the US economy. Job creation, he said, is "probably the most important economic issue facing America today." With nearly 40 percent of the jobless unemployed for more than six months, fears are growing that high jobless rates may be more than a temporary result of a brutal recession. "This is very unusual and very worrisome," Bernanke said, warning workers could become detached from the workforce, skills could erode over time and firms become more skeptical about the unemployed. "This could have a very long-term effect on people's wages, on their employability," he added. Economists say Bernanke is right to worry. "We expect the unemployment rate to average 9.7 percent through the first quarter of 2011," Macroeconomic Advisers recently told clients. Outlining its projections for 2011, Swiss bank UBS saw "only a slow drop in the unemployment rate to 9.0 percent by the end of 2011." But there are a few reasons for optimism. "The data over the last month have solidified the notion that labor demand is slowly but surely perking up," said Stephen Stanley, chief economist at Pierpont Securities, pointing to a drop in new claims for unemployment benefits and growth in the factory and service sectors. "The worst days, from both an economic and a policy standpoint, are past," he added. On Wednesday, payrolls firm ADP reported US private sector employment saw strong gains in November, with payrolls expanding by 93,000 -- the largest jump in three years. The 10th consecutive month of gains offered some hope that the jobs sector is slowly on the mend, but it is unlikely to be quick enough. "Employment gains of this magnitude are not sufficient to lower the unemployment rate," ADP warned. With Congress frozen by partisan politics and gripped by fears about US debt levels, Obama has hoped to lower the unemployment rate by clinging on to what government stimulus still exists. The White House warned that Congress's refusal to extend unemployment benefits would damage the economy as two million Americans will see their incomes slashed. "Extending this support to those hardest hit by this crisis is not only the right thing to do, it's the right economic policy," said top Obama adviser Austan Goolsbee. "Letting millions more Americans fall into hardship will hurt our economy at this critical point in our recovery and immediately undermine consumer spending." There are also fears that cuts to federal, state and local government funding could raise unemployment. "There has been concern in the market that weakness in hiring at the state and local level could be a big depressant on the economy going forward," said Deutsche Bank analysts. "State and local government workers currently number approximately 19.4 million." Recommend Send IM Story Print News Search Top Stories Fears grow over length of US jobs crisis NASA finds new form of life... on Earth Suspect in Hollywood PR shooting commits suicide Forest fire inferno kills 40 in northern Israel Ouattara named winner of I.Coast election More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Finger length predicts prostate cancer risk: study NASA finds new form of life... on Earth 'Critical safety issue' with Rolls A380 engine FA condemn pitch invasion on eve of 2018 vote ECB extends bank loans, holds fire on bond buying More Most Viewed » Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Obama gets 12 stitches after 'elbow in the lip' 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 Weekend Edition 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 Entertainment Photos Yahoo! News Network 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 Friday, 3 December 2010
Snow batters Europe and Britain grinds to halt
Karzai says coalition killed former local official
Gowalla app syncs with Foursquare and Facebook
Lawyer for WikiLeaks' Assange denies warrant valid |
Forest fire inferno kills 40 in northern Israel
Swedish police to issue new warrant for WikiLeaks head
US space agency finds new form of life... on Earth
Acer sees shortages as smartphone demand surprises
Ouattara named winner of I.Coast election
Time Warner's Bewkes skeptical of Netflix plan
Protest in Haiti capital demands rerun of elections |
ECB extends bank loans, holds fire on bond buying
US jobless claims tick up
Egypt says may seek atomic arms if Iran does: WikiLeaks cables |
ECB to continue buying government bonds: Trichet
Motorola mobile division expects first quarter loss
Huge Israel forest fire kills dozens: rescue services |
South Sudan army says northern ambush kills 12 |
China says hard to keep 'friendly' Norway ties after Nobel
Boos, jeers as Australia misses out on 2022
Tokyo pledges future bid for World Cup
Kyoto feud casts shadow on climate talks
Thai police link forgery arrests to huge terror cell
Taiwan to retire one in four generals
US cables reveal bribe fears in Thai Bout arms case
Chinese artist Ai Weiwei blocked from leaving China
UN atomic watchdog has 'great concern' over N.Korea
Ebay buys local shopping website Milo |
Google: satellite platform to aid forest efforts |
RIM buys Swedish firm to improve screen design |
Clearwire plans to sell over $1.1 billion in debt |
DirecTV to add more than 200,000 U.S. subs in Q4 |
Aretha Franklin to undergo surgery, reason undisclosed |
Ellen DeGeneres would be best holiday party guest: poll |
US-TECH Summary
RIM buys Swedish firm to improve screen design
DirecTV to add more than 200,000 U.S. subs in Q4
Google alters algorithm to combat abusive sellers
Diller out as IAC CEO, Liberty sells stake
Chinese army must deal with cyberwarfare: state media
Motorola mobile division expects first quarter loss
Google: satellite platform to aid forest efforts
UK forces in Helmand 'made mess of things': WikiLeaks
South Korea will bomb North if attacked again |
Ebay buys local shopping site Milo
US alarmed at 'corrupt, paranoid' Afghans: leaks
Ivory Coast poll winner named, army seals borders |
Lawyer for WikiLeaks's Assange denies warrant valid |
US congressman plans 'Do Not Track' bill for children
Israel struggles to contain deadly wildfires
Israel struggles to contain deadly wildfires |
Egypt opposition party to abandon seats won in vote
Suspect in Hollywood PR shooting commits suicide
Zynga buys rising mobile game star Newtoy
India expects to break logjam in climate talks |
Fears grow over length of US jobs crisis
Iran says arrests people behind scientist murder
Google to pay couple one dollar for trespassing
Qantas pilots saved crippled Airbus, investigator says |
Leave "path of confrontation," West tells Iran
Clearwire plans to sell over $1.1 billion in debt
Top Guinea court confirms Conde as president |
In Afghan cauldron, realism can trump the rulebook
China's U.N. influence rising, West should be careful: institute |
Afghan president: NATO killed ex-local official
Execs in India bribery probe ordered to judicial custody
OSCE fails to gain powers as old conflicts smolder |
Samsung promotes chairman's son, daughter
Christie's sets Hong Kong auction record
Ryan Gosling fired from film after ice cream binge
Triple despair in Asia as World Cup goes to Qatar
"Social Network" named best film by National Board of Review
Malaysia to deport Indonesian terror suspect
Global Weather-Celsius
Biggest US-Japan naval drill starts amid N.Korea crisis
Hussey leads Aussie Ashes fightback after early wickets
Germans strip to protest sky-high rents
Wine buffs take 'Golden Spitter' test
U.S., Japan stage joint drill amid regional tensions
US-ENTERTAINMENT Summary
Bangladeshi pioneer of microfinancing faces charges of 'aid anomalies'
Disney's hairy princess could take box office crown
Future of TV? Snapping, swiping and surfing |
Seoul shares gain as Samsung Elec rallies
Ousted CBS weatherman: "It's a cruel business"
Japanese whaler leaves for Antarctic waters: Greenpeace
China to tighten monetary policy in 2011: Xinhua
Republicans cool to do not track Web plan |
Ryan Gosling fired from film after ice cream binge
Amazon blocks out WikiLeaks, but denies U.S. pressure |
Drummer says Jim Morrison never exposed himself
Amazon, eBay, Google going local |
China will pump 40 billion into Venezuela energy
Aretha Franklin says surgery "highly successful"
"Social Network" named best film by key group
S.Korea won extends gains to one-wk high on stocks
New wine case possible for US Supreme Court
Taiwan 2011 government bond issuance seen below 2010
Seoul shares end higher, Samsung Elec rallies
US, South Korea continue hunt for trade deal
S.Korea 3-yr treasury bonds firmer; curve steeper
Chairman's son becomes Samsung Electronics president
Korea Hot Stocks
Bristol Palin defends herself against Olbermann |
Disney's hairy princess could take box office crown |
'Dexter' stalks Season 6 renewal |
Ryan Gosling fired from film after ice cream binge |
Ricky Gervais and Emily Blunt join Muppets movie |
Drummer says Jim Morrison never exposed himself |
Another US company pulls plug on WikiLeaks
Ousted CBS weatherman: It's a cruel business |
Angelina Jolie defends Bosnian directorial debut |
WikiLeaks 'tweets' Kennedy speech on secrecy
Republicans cool to "do not track" Web plan
Clinton says Iran and North Korea could spark arms races
WikiLeaks' site back with Swiss name after cyber attacks
Mobile firms seeing ads coming to handsets
Saudi king to go undergo more surgery on Friday
Karzai seen as weak by U.S., own cabinet: WikiLeaks |
Euro is "credible," not in crisis: Trichet
Google ramps up fight against online piracy
Civilians displaced as Nigeria raids oil delta camps |
Amazon blocks out WikiLeaks, but denies U.S. pressure
WikiLeaks: Bribery, graft rampant in Afghanistan
International crews help Israel fight forest fire |
Amazon, eBay, Google going local
Future of TV? Snapping, swiping and surfing
Egypt pressed for delay in Sudan referendum
Executives in India bribery probe granted bail |
Formidable Israel lacks fire-fighting planes |
Northern Europe freeze kills 12 in Poland, disrupts transport |
Thai AirAsia launches Bangkok-Delhi, Bangkok-Kolkata routes
Berlusconi in Russia amid revelations of US concern
Philippines, communists to resume peace talks
Susan Boyle to regain chart crown as Peas flop
Oil leak possible cause of A380 blast: investigators
Bristol Palin defends herself against Olbermann
'Dexter' stalks Season 6 renewal
US missionary smashes portrait of N.Korea leader Kim
Ricky Gervais and Emily Blunt join Muppets movie
Japan confirms 1st high-risk bird flu on farm since '07
Mobile firms seeing ads coming to handsets |
British bank RBS to sell Uzbekistan unit to KDB
China vows to tighten monetary policy in 2011
Samsung promotes heir apparent, shares hit record |
Four Taiwan firms confirm AIG Taiwan unit bids
SAP open to expanding cooperation with HP: paper |
Taiwan's Cathay Fin confirms AIG Taiwan unit bid
France seeks to bar hosting WikiLeaks website |
Pakistan
WikiLeaks moves site to Switzerland amid U.S. fury |
Sands China loses bid for lucrative Macau land
France to auction 4G wireless frequencies by summer |
Nissan sets December 20 launch date for electric Leaf
Four global retailers seek stake in Indonesian retailer
Interview: One flash of her neck and Johnny Depp was done for |
Susan Boyle to regain chart crown as Peas flop |
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		BlogMeter 1.01