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Jobless rate tops 10 pct. for first time since '83

Jobless rate tops 10 pct. for first time since '83

WASHINGTON -- The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. [Full Story]

  • Stocks drop after unemployment rate tops 10 pct

    Stocks drop after unemployment rate tops 10 pct

    NEW YORK -- Stocks fell in early trading Friday after the government said more jobs were lost in October than expected, pushing the unemployment rate above 10 percent for the first time since 1983.


  • Deja vu: Wal-Mart, Amazon, Target in DVD price war

    Deja vu: Wal-Mart, Amazon, Target in DVD price war

    NEW YORK -- Wal-Mart Stores Inc. is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books.


  • Wholesale inventories fall, sales grow in Sept.

    Wholesale inventories fall, sales grow in Sept.

    WASHINGTON -- Businesses cut inventories at the wholesale level for a record 13th consecutive month in September, but sales rose for a sixth straight time.


  • New jobless claims drop to 512K, lowest since Jan.

    New jobless claims drop to 512K, lowest since Jan.

    WASHINGTON -- The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals.


  • Stock futures shift gears, push slightly higher

    Stock futures shift gears, push slightly higher

    NEW YORK -- U.S. stock futures reversed an early slide and moved slightly higher Thursday ahead of more data on consumer spending and jobs, two of the market's biggest concerns.


  • Productivity jumps 9.5 percent in third quarter

    Productivity jumps 9.5 percent in third quarter

    WASHINGTON -- Productivity surged in the third quarter at the fastest pace in six years while labor costs continued to drop sharply, a combination that will bolster companies' profits but leave workers with stagnant incomes.


  • October sales offer relief to merchants

    October sales offer relief to merchants

    NEW YORK -- Consumers, enticed by cooler weather, early holiday discounts and an improving economy, offered some relief to the retail industry in October.


  • Congress giving homebuyers a $6,500 tax break

    Congress giving homebuyers a $6,500 tax break

    WASHINGTON -- Buying a home is about to get cheaper for a whole new crop of homebuyers -- $6,500 cheaper.


  • 'Clunker' data show pickup-for-pickup trades

    'Clunker' data show pickup-for-pickup trades

    WASHINGTON -- Billed as a way for the government to put more fuel-efficient vehicles on highways, the popular $3 billion Cash for Clunkers program mostly involved swaps of old Ford or Chevrolet pickups for new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.


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