Payrolls post first decline in 4 years
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Payrolls shrank in August for the first time in four years, the Labor Department reported on Friday, prompting calls for the Federal Reserve to lower interest rates before credit market turmoil drags the economy into recession.
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The number of U.S. workers seeking  first-time jobless benefits fell more than expected last week,  dropping from levels analysts had said were inflated by a  holiday-related spike, a government report on Thursday showed.
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US firmss have cut back on the total number of staff employed for the first time in four years, official data shows.
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August employment grew at the slowest rate in four years.
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The number of U.S. workers seeking first-time jobless benefits fell more than expected last week, dropping from levels analysts had said were inflated by a holiday-related spike, a government report on Thursday showed.
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The number of jobless Germans fell below four million for the first time in four years in November, figures show.
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Stocks slid on Friday, driving each of the major indexes more than 1 percent lower, as the government reported the first monthly drop in payrolls in four years, stoking market concerns about a recession.
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In a shower of pink slips, U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet that the economy is grinding to a halt if it hasn't already toppled into recession.
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Britain&#39;s unemployment rate fell to a new 20-year low of 4.6 percent in the latest quarter, according to official data released Wednesday.
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The number of U.S. workers signing up for first-time jobless benefits fell to a seasonally adjusted 308,000 last week, slightly lower than expected, a government report on Thursday showed.
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The jobless total fell by 67,000 to 1.38 million, the lowest since records began in 1984, the Office For National Statistics said.
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Payrolls shrank in August for the first time in four years, the government reported on Friday, prompting calls for the Federal Reserve to lower interest rates before credit market turmoil drags the economy into recession.
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The number of U.S. workers claiming  first-time jobless benefits fell 10,000 to a seasonally  adjusted 328,000 last week, slightly lower than Wall Street  expectations, a government report showed.
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UK business investment fell at the start of 2007, the first such decline for more than a year, official figures show.
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WASHINGTON -- The number of US workers filing for first-time jobless benefits fell sharply last week, government data showed yesterday, but the decline was smaller than expected, and economists say layoffs remained elevated because of winter storms.
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Recovery of the German economy -- the biggest in the 12-country eurozone -- is feeding into jobs and unemployment has fallen below four million for the first time for four years.
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Initial claims for state unemployment benefits fell unexpectedly to 323,000 last week, down 12,000 from a week earlier, the US Labour Department said today.