All Articles Tagged "jobless rate"

Economists: Too Soon to Say Recession is Over

April 12th, 2010 - By TheEditor
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(CNNMoney.com) – The panel of economists responsible for officially deciding the length of recessions said Monday that it’s “premature” to say when the recent downturn ended.

The National Bureau of Economic Research said the panel met Thursday in the hopes of determining when the economy, which slipped into recession in December 2007, hit bottom.

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Fed’s Evans Says Jobless Rate May Exceed 9% at Year-End

March 30th, 2010 - By TheEditor
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(Bloomberg) — Federal Reserve Bank of Chicago President Charles Evans said the U.S. jobless rate may remain higher than 9 percent at the end of this year, underscoring the potential need to keep interest rates low into 2011.

The unemployment rate may be “nine and a quarter” at the end of 2010, and higher than 7 percent at the end of 2011, Evans said in an interview with Bloomberg Television today in Hong Kong. A government report this week may show the rate was 9.7 percent in March, according to the median forecast in a Bloomberg News survey.

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Fed’s Evans Says Jobless Rate May Exceed 9% at Year-End

March 30th, 2010 - By TheEditor
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(Bloomberg) — Federal Reserve Bank of Chicago President Charles Evans said the U.S. jobless rate may remain higher than 9 percent at the end of this year, underscoring the potential need to keep interest rates low into 2011.

The unemployment rate may be “nine and a quarter” at the end of 2010, and higher than 7 percent at the end of 2011, Evans said in an interview with Bloomberg Television today in Hong Kong. A government report this week may show the rate was 9.7 percent in March, according to the median forecast in a Bloomberg News survey.

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Jobless Rate Holds Steady

March 5th, 2010 - By TheEditor
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