Unemployment Rate | featured news

Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market and illustrating nationwide data released two weeks ago....

The jobless rate creeps up from 12.3% in November as employers lay off 38,800 workers in December, capping a dismal year in which the state lost more than half a million jobs.

California employers cut more workers from their staffs in December, capping a dismal year in which the state lost more than half a million jobs.

The government said the economy shed 85,000 jobs last month, surprising forecasters, while the unemployment rate held steady at 10 percent.

California's unemployment rate fell in November, another sign that a recovery is underway, even as the state shed jobs from its payrolls.

The state's unemployment rate slid to 12.3%, the Bureau of Labor Statistics reported this morning, down from 12.5% the month before. It is one of 36 states that saw unemployment rates decline in November.

Unemployment will top out this month at 12.7%, but the recovery will take years, UCLA economists say.

California's jobless rate is close to peaking, but the recovery will be sluggish, with employers not expected to resume hiring until at least next spring, according to new forecasts by UCLA and other analysts.

U.S. job losses slowed sharply in November and the unemployment rate unexpectedly declined, in a sign the labor market is finally starting to heal.

The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday.

Gold futures barrel to a new record high above $1,100 an ounce, as news that the U.S. unemployment rate topped 10.2% in October boost expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar.

The United States economy shed 190,000 jobs in October, the government reported, and economists do not foresee relief until well into next year.

U.S. employment opportunities remain bleak as September's regional and state unemployment rates climbed in 23 states and the District of Columbia.