Economists had predicted the unemployment rate would rise to 9.6 per cent
US shed 54,000 jobs in August
US unemployment jumped to 9.6 per cent in August, the Labor Department said, showing the recovering economy is still struggling to create jobs.
In a keenly awaited unemployment report, the department said the economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists. More
-
Britain 'no basket case'
A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.
-
Are you being served?
Activity in Australia's services sector shrank for the fourth month in a row in August, with another slide in retail.
-
US shed 54,000 jobs in August
-
Britain no basket case says trade envoy
-
Sluggish winter for services sector
-
Trade surplus disappoints
-
Strong GDP shows stimulus can stop: economist
-
Election uncertainty hurts manufacturing
-
Australia posts smallest deficit in 8 years
-
Retail and building bounce offset stagnant lending
-
Home prices stabilise after surprise fall
-
'The end is always near' Reserve warns
-
Obama fails to ease market jitters
- Bank of Japan acts on strong yen
-
Two-speed economy brings a two-speed polity
- Wall Street rallies after Bernanke speech
- Economists upbeat at British growth figures
-
Bernanke confident despite sluggish US growth
-
Harvey Norman profits despite year of 'two halves'
-
Fairfax flags online charges despite return to profit
-
Business investment fall dampens growth prospects
- Ireland's credit rating downgraded
Featured Tag: international-financial-crisis
Video
Photos
United States President Barack Obama tours a Chrysler automative plant in Detroit, July 30, 2010, a little more than a year after taxpayer money had to be used to bail out two of the country's biggest carmakers. Mr Obama says the car industry is one of the bright spots in the nation's economic recovery.
In Depth
Something material has to change for the RBA to cut rates again because inflation is still quite high. We think rates have bottomed at 3 per cent and we are looking for hikes from June next year. We are looking at 4.25 per cent by the end of next year.
- US economy faces grim outlook
- Claim and counter-claim in election economics stoush
- US could be broke in 15 years: economist
- Not happy Glenn - retailers rage against rate rise
- Smalltown US still on struggle street
- What you'll pay after RBA rate rise
- Diversify or die: economists warn on mining dependence
- More austerity shores up support for Greece
- China's 'big elbows' may slow Western growth
- Low unemployment masks army of underemployed
