Jobless News
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Washington -
The US Labor Department newly-released unemployment numbers for May show the nation adding just 54,000 jobs, the lowest number in eight months, and one chief economist noted the economy has hit a “brick wall.”
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The phone call interrupted the quiet routine into which I have settled over the past 16 months of unemployment. Each evening rolls into the next with little to distinguish one from the other except for the prime-time television lineup.
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Weekly jobless benefits claims rose to a seasonally adjusted 462,000 last week - a figure that was considerably higher than expected and that spurred a decline in stock markets.
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The regulars down at Sparky’s Diner were at a loss for words, and to be frank, so was I. This past week marked the one-year anniversary of being let go from my place of employment for the past ten years.
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Jobless or Unemployment benefits have recently been extended due to the current economic crisis. However those benefits are about to run out while congress takes a recess.
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We work because we need to get paid. But now, as the crisis has generated more laid offs, some of the unemployed have started working for free.
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As the United Nations Secretary declared the economic downturn would continue for some time, the jobless numbers in the United States tell a bleak story. The broad unemployment rate hit 16.5% in June. On Thursday the stock market continued a downturn.
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The jobless rate in the United States has climbed to 5.47 million in the week ending March 14 up from the previous week's 5.288 million.
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In a traumatic incident an American man shot himself and his wife and five small children to death after the couple become jobless and found no other option than suicide.
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The number of workers still on the benefit rolls after drawing an initial week of aid n the week to November 1 reached 3.9 million which is the highest since January 1983.
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Jobless Headlines
Burger King becomes the latest firm to pull out of the government's controversial work experience scheme for jobless people.
Matt Nesto explains why jobless numbers are not as good as they appear.
Unemployment in the eurozone reached a record high again in March, as joblessness also rose in Italy.
Matt Nesto explains how jobless claims, other factors affect world markets.
 A better-than-expected decline in U.S. jobless claims Thursday eased concerns the U.S. labour market is slowing down after a poor jobs report in April.
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