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US jobless rate rises to over 10%

us joblessThe unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labor Department.

It rose from September’s figure of 9.8%. The economy lost 190,000 jobs in the month.

Since the recession began in December 2007, the number of unemployed has risen by 8.2 million, while the jobless rate has risen from 4.9%.

President Barack Obama described the rise in unemployment as “sobering”.

“I will not rest until all Americans who want work can find work,” he added.

He also said he would be signing legislation to extend unemployment benefit, cut taxes for businesses and extend tax credits for home buyers.

Analysts were also downbeat after the worse-than-expected figures.

“It’s pretty disappointing overall,” said Richard Franulovich at Westpac.

“Job losses are not moderating as quickly as I had hoped despite those earlier indicators on jobs.”

Dollar falls

The figures were particularly poor given Thursday’s news of a fall in initial weekly jobless claims and the data earlier in the week that showed the US economy had grown by 3.5% between July and September.

The number of unemployed people rose by CLICK HERE TO Continue reading US jobless rate rises to over 10%

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Searching for Executive Job: Few Jobseeking Ways to Find a Job Faster

1Getting a job of ones own desire and according to the persons qualifications is becoming difficult these days.

Got a difficult problem in your job search?

Say, a lack of networking contacts? Or trouble answering interview questions?

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But … have you ever written your problem down on a piece of paper?

I’ll bet you haven’t.

Because, when you write problems down, you take an immediate, huge leap towards solving them. Think about it: Every great invention or solution, from the atomic bomb to the Xbox, was first worked out on paper.

Why not solve your employment problems the same way?

Here’s a three-step method that will help you do it …

1) Start by CLICK HERE TO Continue reading Searching for Executive Job: Few Jobseeking Ways to Find a Job Faster

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