Unemployment Hits a 26-Year High
Posted in Main Blog (All Posts) on September 6th, 2009 4:43 am by HL
Unemployment Hits a 26-Year High
Just as the Labor Day weekend arrives comes word that the U.S. economy shed another 216,000 jobs last month, pushing the unemployment rate up to a 26-year high of 9.7 percent. The BBC: US employers cut 216,000 jobs in August, pushing the unemployment rate up to 9.7%, a 26-year high, official figures show. The unemployment rate rose after dipping to 9.4% in July but the Labor Department said the job loss figure was the smallest in a year. Since the start of the recession in December 2007, the economy has shed 6.9 million jobs, the department said. Jobs have been lost across manufacturing and service industries. Total unemployment stands at 14.9 million. Read more READ THE WHOLE ITEM
Just as the Labor Day weekend arrives comes word that the U.S. economy shed another 216,000 jobs last month, pushing the unemployment rate up to a 26-year high of 9.7 percent.
The BBC:
US employers cut 216,000 jobs in August, pushing the unemployment rate up to 9.7%, a 26-year high, official figures show.
The unemployment rate rose after dipping to 9.4% in July but the Labor Department said the job loss figure was the smallest in a year.
Since the start of the recession in December 2007, the economy has shed 6.9 million jobs, the department said.
Jobs have been lost across manufacturing and service industries.
Total unemployment stands at 14.9 million.
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U.S. Condemns Israeli Settlement Expansion
In a strong rebuke of Israeli policy, the White House has expressed “regret” over an announcement by Israel that it will expand its illegal settlements in Palestinian areas. Hundreds of new housing units are expected to be approved for construction in the West Bank in a move seen as placating the rightists in power. The Washington Post: The White House issued an unusual rebuke of Israel on Friday, expressing “regret” at the Israeli government’s announcement that it would expand settlements in Palestinian areas. “The United States does not accept the legitimacy of continued settlement expansion and we urge that it stop,” White House press secretary Robert Gibbs said. Israeli media reported Friday that Prime Minister Binyamin Netanyahu soon will approve the construction of hundreds of new housing units in settlements, apparently an effort to placate members of his right-leaning Likud party before he officially reaches a deal with the Obama administration to freeze settlement activity for six to nine months in order lay the groundwork for new peace talks. Read more READ THE WHOLE ITEM
In a strong rebuke of Israeli policy, the White House has expressed “regret” over an announcement by Israel that it will expand its illegal settlements in Palestinian areas. Hundreds of new housing units are expected to be approved for construction in the West Bank in a move seen as placating the rightists in power.
The Washington Post:
The White House issued an unusual rebuke of Israel on Friday, expressing “regret” at the Israeli government’s announcement that it would expand settlements in Palestinian areas.
“The United States does not accept the legitimacy of continued settlement expansion and we urge that it stop,” White House press secretary Robert Gibbs said.
Israeli media reported Friday that Prime Minister Binyamin Netanyahu soon will approve the construction of hundreds of new housing units in settlements, apparently an effort to placate members of his right-leaning Likud party before he officially reaches a deal with the Obama administration to freeze settlement activity for six to nine months in order lay the groundwork for new peace talks.
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- September 3, 2009 From ‘Do No Harm’ to Torture
- September 3, 2009 Mass. AG Throws In for Kennedy’s Senate Seat
- September 3, 2009 The Making of Iran’s New Cabinet
- September 1, 2009 Obama’s Meaningless War
- August 31, 2009 Why We Must Stay in Afghanistan
