unemployment

Unemployment in the 15 nations that share the euro shot up to 7.7 percent in October — the highest level in two years — as growth dropped sharply, the EU statistics agency Eurostat said Friday.

Earlier this month, unemployment hit a 20-year high, rising to 6.5 percent over the month before.

This fall a number of economists began predicting unemployment would rise to 8% during this recession, up from a reading of 6.5% in October.

It would be the highest jobless rate in years.

Initial unemployment filings rise to 542,000 and number of Americans continuing on benefits nears 26-year high.

Fresh worries about widening unemployment added to investors' list of concerns about the economy today and extended Wall Street's sell-off to a second day.

The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.

Turkey's economy felt the impact of the global financial crisis as official figures released Monday showed consumer optimism plummeting and unemployment rising.

As Britain confronts the highest rate of unemployment in over a decade, the country’s financial center is suffering not just from a loss of jobs but of prestige, too.

Inflation slowed in the Czech Republic and unemployment fell in October as the global crisis is yet to affect the country, officials said Monday.

U.S. stocks worked their way higher at the open Friday, even after the release of the worst monthly unemployment reading in more than a decade.