Business and Financial News
Jobless rate tops 10 percent for first time since 1983
By CHRISTOPHER S. RUGABER
Associated Press
WASHINGTON -- The unemployment rate has passed the psychological threshold of 10 percent for the first time since 1983 -- and is likely to go higher.
Nearly 16 million people can't find jobs e ...
Stocks zigzag on implications of jobs report
By SARA LEPRO and TIM PARADIS
Associated Press
NEW YORK -- Stocks fluctuated in a tight range Friday as investors found some positives for the market in a surprisingly weak jobs report.
The Labor Department said employers cut more jobs ...
Stocks surge on jobs data, Cisco forecast
By TIM PARADIS
Associated Press
NEW YORK -- A bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday and propelled the Dow Jones industrials back above 10,000. The rally, coming a day before the government' ...
Productivity gains may be bad news for job seekers
By MARTIN CRUTSINGER and STEPHEN MANNING
Associated Press
WASHINGTON -- Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.
Employers became leaner and more ...
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