From the BLS : The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade. Clic ... Read more

Just for information purposes, the following graph is from Northern Trust .What was the high of the unemployment rate in the Great Depression? The civilian unemployment rate was around 25% during several months of 1932-1933 Click on graph for larger image in new window. This graph sho ... ... Read more

From ABC's This Week , George Stephanopoulos interviews Vice President Joe Biden: STEPHANOPOULOS: While we've been here, some pretty grim job numbers back at home -- 9.5 percent unemployment in June, the worst numbers in 26 years. How do you explain that? ... Read the full post ... Read more

Note: earlier Employment post: Employment Report: 467K Jobs Lost, 9.5% Unemployment Rate . The earlier post includes a comparison to previous recessions. Stress Test Scenarios Click on graph for larger image in new window. This graph shows the unemployment rate compared to the s ... Rea ... Read more

We have gotten the unemployment and jobs data for the month of May from the Labor Department, and the data is very mixed on unofficial numbers.  The report came in at 9.4% unemployment and the change in non-Farm Payrolls came in at -345,000. Expectations varied.  We had 9.2% as the expecte ... Read more

The weekly jobless claims is still a dismal reading.  Thankfully, it was just a tad less dismal than before. The new drop came in at -20,000 from 674,000 to 654,000.  The expected drop was a drop of only -9,000.  The bad news on this front is the 5.84 million in continuing jobless cla ... Read more

The trend in unemployment is unmistakably up and accelerating. Let's start with a discussion of widely followed data followed by many additional charts that you may not have seen before. Here is a closeup from Jobs Contract 15th Straight Month; Unemployment Rate Soars to 8.5% courtesy of the BLS ... Read more

Last week’s release of negative employment data from the United States has many forex traders running from the USD. With a rally taking place among Euro-Zone currencies, as well as the price of Crude Oil, there appears to be plenty of investment opportunities more profitable than th ... Read t ... Read more

The Bureau of Labor Statistics (BLS) released a report today on employment and unemployment for February (pdf summary available at   http://www.bls.gov/news.release/empsit.toc.htm ). The unemployment rate rose from 7.6% to 8.1% in February, the highest rate in over 25 years. ... Read the fu ... Read more

From the BLS : Nonfarm payroll employment fell sharply in January (-598,000) and the unemployment rate rose from 7.2 to 7.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 3.6 million since the start of the recession in Dec ... Read more