综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

WORLD> America
US jobless rate hits 9.4% in May while layoffs slow
(Agencies)
Updated: 2009-06-05 23:45

Many economists believe the jobless rate will hit 10 percent by the end of this year. Some think it could rise as high as 10.7 percent by the second quarter of next year before it starts to make a slow descent. The post-World War II high was 10.8 percent at the end of 1982.

US jobless rate hits 9.4% in May while layoffs slow
Job seekers wait for the start of the National Capital Region Job Fair sponsored by Virginia Tech University at their branch campus in Falls Church, Virginia, March 10, 2009. [Agencies]

Friday's report "supports the notion that the recession will end this year," Yamarone said. But pain will linger and the jobless rate will move higher. He predicts it will peak at 10.2 percent early next year.

The Fed says unemployment will remain elevated into 2011 given the expectation of tepid recovery. Economists say the job market may not get back to normal -- meaning a 5 percent unemployment rate -- until 2013. Economic recoveries after financial crises tend to be slower, economists say.

Related readings:
US jobless rate hits 9.4% in May while layoffs slow US worker productivity may rise on back of job cuts
US jobless rate hits 9.4% in May while layoffs slow Healthcare worries keep US workers in 'job lock'
US jobless rate hits 9.4% in May while layoffs slow UK graduates face poor job prospects
US jobless rate hits 9.4% in May while layoffs slow Latest unemployment soars to 41-month high by joseph li

US jobless rate hits 9.4% in May while layoffs slow Unemployment highest since 2005

Evidence has been mounting that the recession is letting up, with fresh signs emerging earlier this week.

The number of people continuing to draw unemployment benefits dipped for the first time in 20 weeks, and first-time claims also fell. Manufacturing's slide is slowing. Builders are boosting spending on construction projects and a barometer of home sales firmed.

Although shoppers remain cautious according to sales results from major retailers, Bernanke and other economists are hopeful that consumers won't return to the deep hibernation seen at the end of last year.

That's when the recession hit with brutal force, causing the economy to contract at a 6.3 percent pace, the most in 25 years. Consumers cut their spending at the time by the most in nearly three decades. Economic activity shrank at a 5.7 percent pace in the first three months of this year, despite a rebound by consumers.

Many analysts believe the economy is shrinking at about a 2 percent pace in the current quarter, and that the economy could return to growth as soon as the third quarter. President Barack Obama's stimulus package should help bolster the economy.

Ripple-effects from General Motors Corp.'s filing for bankruptcy protection -- the fourth largest in US history -- could muddy the outlook, some analysts said. GM said earlier this week it will close nine factories and idle three others indefinitely as part of its restructuring.

The closings, which will take place through the end of 2010, will cost up to 20,000 workers their jobs.

   Previous page 1 2 Next Page  

涞源县| 曲阜市| 营山县| 南阳市| 全南县| 昭觉县| 桂平市| 方正县| 拜城县| 萨嘎县| 岫岩| 农安县| 定陶县| 蒙阴县| 香港 | 杭锦旗| 青神县| 碌曲县| 犍为县| 东乡县| 二手房| 唐山市| 兴仁县| 芜湖市| 呈贡县| 黄浦区| 忻城县| 宁蒗| 怀远县| 崇左市| 勐海县| 深水埗区| 洪江市| 天津市| 平顺县| 乌拉特前旗| 鹤岗市| 搜索| 冕宁县| 龙海市| 玉龙|