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Unemployment wild card: the 577,000 who gave up job hunts There is one big reason that the US unemployment rate dropped to 9.4 percent in July: A lot of out-of-work people decided not to look for a job this summer. That means they aren't included in the unemployment rate. Many of these people have decided it's not worth trying to get a ... Christian Science MonitorBankruptcy rates soar among Scots THE number of Scots being made bankrupt has soared by a third in the past year - but worse is to come as the personal debt crisis continues to unfold, experts have warned. ScotsmanU.S. loses fewer jobs than forecast WASHINGTON (Reuters) - The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, giving the clearest indication yet that the economy was tu... BBCMortgage rates slip in latest week - Marketwatch NEW YORK (MarketWatch) -- The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 5.22% in the week ending Thursday, down from last week's 5.25% and the year-ago 6.52%, a... Big News NetworkUS Unemployment Rate Sees Surprise Fall The US unemployment rate fell unexpectedly to 9.4% in July as job losses in the month narrowed to 247,000, official figures show. The Labor Department figures, seen as a key indicator of economic mo... Big News NetworkUS jobless rate falls to 9.4%, fewer jobs lost than expected INTERNATIONAL. The report, seen as a key indicator of economic momentum, was better than expected by private economists, who had forecast a loss of 325,000 jobs and a jobless rate rising to 9.6%. Business Intelligence Middle EastResearch Bursts Myths On Engineering Engineering, contrary to popular thinking, doesn't have a higher dropout rate than other majors, and women do just as well as men, U.S. research shows. Information WeekSaudi gets AA rating from Standard and Poor`s Standard & Poor's Ratings Services has affirmed its 'AA-' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the kingdom of Saudi Arabia, with outlook stable. The ratings were attributed to the government's robust external and fiscal positions, and 'exceptional amount of fiscal flexibility'. AMELatest jobs report buoys talk that `worst is behind` WASHINGTON - It's the clearest sign yet the recession is finally ending: Employers laid off far fewer workers in July; the jobless rate dipped for the first time in 15 months; and workers' hours and pay edged upward. Arizona Daily StarStocks and Bonds: Bulls Send Markets to Heights Last Seen in 2008 An unexpected drop in the jobless rate and a profit at A.I.G. sent investors into a frenzy of buying. New York Times1 2 |
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