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U.S. Unemployment Rate Rises To 26-Year High »
From Getty Images | 2009-07-02 19:01:44
Older job seekers struggle to overcome age barrier »
AP News | 2009-07-02 22:28:31
Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job. At a recent job fair, Kellum expressed interest in a supervisory role coordinating an international health assistance program. A recruiter set him straight: "The people applying for that are young." So now Kellum, who lives in McLean, Va., takes no chances. He's deleted his college graduation date from his resume and reduced the number ...
Meltdown 101: Unemployment by the Numbers »
AP News | 2009-07-02 21:37:24
How bad is the current recession? Here's one measure: the United States now has fewer jobs than it did nine years ago, even though the work force — the number of people either working or looking for work — has grown by 12.5 million people since then. It's the first time since the Great Depression that a recession has wiped out all the jobs created during the previous business cycle, according to Heidi Shierholz ...
U.S. job losses spike in June, dampen recovery hopes »
Reuters US Online Report Business News | 2009-07-02 21:35:49
WASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession. The loss of 467,000 jobs reported by the Labor Department on Thursday was 100,000 more than Wall Street economists had expected, with virtually no major economic sector spared. Since the economy fell into recession in December 2007, 6.5 million nonfarm jobs have been lost and the unemployment rate has nearly ...
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