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Unemployment rate rises to 9.8% as employers cut more jobs than expected

Unemployment rate rises to 9.8% as employers cut more jobs than expected

A net 263,000 jobs were eliminated in September, pushing the jobless rate to a 26-year high. Stocks fall on the news. The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor Department said today.

 

David Letterman Admits Affairs, Claims Extortion

David Letterman Admits Affairs, Claims Extortion

David Letterman acknowledged on Thursday's show that he had sexual relationships with female employees and that someon1e tried to extort him over the affairs.

 

CEOs see sales growing, but many still not hiring

An index measuring the expectations of 107 CEOs from among the nation's largest companies was at its highest level this year, with more than half expecting sales to grow in the next six months - but their outlook for capital spending remained stagnant, and 40 percent predicted more job cuts....

 

Acorn Sues Makers of Video

The community activist group ACORN is suing the makers of a video that showed employees giving tax advice to a people posing as a pimp and prostitute.

 

America's Best Cities For New Jobs

America's Best Cities For New Jobs

Where employers expect to be hiring in the next quarter.

 

World's Best-Paid Cities

World's Best-Paid Cities

Residents of Swiss financial center Zurich know that their country has more to offer than world-class chocolate and precision watches. They can now brag that, on the whole, they earn more than anyone in the world. Zurich-dwellers rake in $22.60 per hour in average net pay, according to a wage survey released August 19. The runner-up city is less than 200 miles southwest: Geneva, where jobs pay $20.40 per hour.

 

Help! My boss is driving me nuts

Help! My boss is driving me nuts

Dear Annie: We used to have a great team here, until our boss was replaced by a manager brought in from another part of the company who is now trying to control our every move. He insists on telling everyone what to do and how to do it in minute detail (even though we've all been excelling at our jobs for years).

 

Postal Service offers $15,000 buyouts to cut costs

Postal Service offers $15,000 buyouts to cut costs

The Postal Service is offering $15,000 buyouts to employees in an effort to cut costs at a time when the post office is being ...

 

Employees Trapped Inside N.C. Food Plant After Collapse

Employees Trapped Inside N.C. Food Plant After Collapse

An explosion at a North Carolina food plant led to a roof collapse at the facility, and some employees are trapped inside, fire officials said.

 

Wage Growth Is Eroding As Firms Slim Down

Workers' earnings are stagnating or even declining as employers big and small resort to slashing hours and once-unthinkable wage cuts.

 

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