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All rights reserved. http://news.yahoo.com/i/1203 business Economy News en-us Fri, 03 Jul 2009 19:33:02 GMT 5 142 18 http://news.yahoo.com/i/1203 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/cn_canada_economy ap/20090703/cn_canada_economy AP business Fri, 03 Jul 2009 19:33:02 GMT AP - Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_meltdown_faithful_unemployed ap/20090703/us_meltdown_faithful_unemployed AP us Fri, 03 Jul 2009 17:47:40 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_meltdown_faithful_unemployed"><img src="http://d.yimg.com/a/p/ap/20090703/capt.e4869c6f5cbd484db0aa2d874711bdc6.meltdown_faithful_unemployed_maea203.jpg?x=130&y=95&q=85&sig=81f49pRhXQdKzXhZNoNmGA--" align="left" height="95" width="130" alt="This June 4, 2009 photo shows Sandra Friedrich, left, of Wenham, Mass. and Debbie Gonzalez of Saugus, Mass. praying during an unemployed support group meeting in Beverly, Mass. The group is one of several church-related unemployment support groups that have formed around the country as the jobless rate reaches heights not seen for decades. (AP Photo/Elise Amendola)" border="0" /></a>AP - Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_meltdown_faithful_unemployed"><img src="http://d.yimg.com/a/p/ap/20090703/capt.e4869c6f5cbd484db0aa2d874711bdc6.meltdown_faithful_unemployed_maea203.jpg?x=130&y=95&q=85&sig=81f49pRhXQdKzXhZNoNmGA--" align="left" height="95" width="130" alt="photo" title="This June 4, 2009 photo shows Sandra Friedrich, left, of Wenham, Mass. and Debbie Gonzalez of Saugus, Mass. praying during an unemployed support group meeting in Beverly, Mass. The group is one of several church-related unemployment support groups that have formed around the country as the jobless rate reaches heights not seen for decades. (AP Photo/Elise Amendola)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope afp/20090703/forexeurope AFP business Fri, 03 Jul 2009 16:38:21 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246620851742-1-0.jpg?x=130&y=78&q=85&sig=3cKDYY_EK.zAh9nqzDYIeA--" align="left" height="78" width="130" alt="The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.(AFP/File/Bertrand Langlois)" border="0" /></a>AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246620851742-1-0.jpg?x=130&y=78&q=85&sig=3cKDYY_EK.zAh9nqzDYIeA--" align="left" height="78" width="130" alt="photo" title="The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.(AFP/File/Bertrand Langlois)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice afp/20090703/commoditiesenergyoilprice AFP business Fri, 03 Jul 2009 12:59:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246614394974-2-0.jpg?x=130&y=77&q=85&sig=zu0psuWIl5rs7omKlupB1A--" align="left" height="77" width="130" alt="Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex)" border="0" /></a>AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246614394974-2-0.jpg?x=130&y=77&q=85&sig=zu0psuWIl5rs7omKlupB1A--" align="left" height="77" width="130" alt="photo" title="Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/ts_alt_afp/useconomyoutlook afp/20090703/useconomyoutlook AFP us Fri, 03 Jul 2009 10:32:05 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/ts_alt_afp/useconomyoutlook"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246616564245-1-0.jpg?x=75&y=130&q=85&sig=f0WJh2.ZMKdLPdMxWQ7oXA--" align="left" height="130" width="75" alt="A homeless man walks past a furniture store that is going out of business in Los Angeles. Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.(AFP/File/Mark Ralston)" border="0" /></a>AFP - Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/ts_alt_afp/useconomyoutlook"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246616564245-1-0.jpg?x=75&y=130&q=85&sig=f0WJh2.ZMKdLPdMxWQ7oXA--" align="left" height="130" width="75" alt="photo" title="A homeless man walks past a furniture store that is going out of business in Los Angeles. Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.(AFP/File/Mark Ralston)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_state_budgets ap/20090703/us_state_budgets AP us Fri, 03 Jul 2009 11:26:14 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_state_budgets"><img src="http://d.yimg.com/a/p/ap/20090701/capt.d57a37b12f2b4941b561d0ea147057cc.state_budgets_sc101.jpg?x=94&y=130&q=85&sig=1hqDwwBCCQKcRLsm7rVNLA--" align="left" height="130" width="94" alt="Citing the Legislatures failure to pass a budget plan, Gov. Arnold Schwarzenegger announces that he is declaring a fiscal emergency to address California's deficit during a Capitol news conference in Sacramento, Calif., Wednesday, July 1, 2009. Lawmakers will have 45 days to send him a plan to balance the state's budget which ended the fiscal year with a $24.3 billion deficit.(AP Photo/Rich Pedroncelli)" border="0" /></a>AP - Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_us/us_state_budgets"><img src="http://d.yimg.com/a/p/ap/20090701/capt.d57a37b12f2b4941b561d0ea147057cc.state_budgets_sc101.jpg?x=94&y=130&q=85&sig=1hqDwwBCCQKcRLsm7rVNLA--" align="left" height="130" width="94" alt="photo" title="Citing the Legislatures failure to pass a budget plan, Gov. Arnold Schwarzenegger announces that he is declaring a fiscal emergency to address California's deficit during a Capitol news conference in Sacramento, Calif., Wednesday, July 1, 2009. Lawmakers will have 45 days to send him a plan to balance the state's budget which ended the fiscal year with a $24.3 billion deficit.(AP Photo/Rich Pedroncelli)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090703/ts_nm/us_economy_california_budget nm/20090703/us_economy_california_budget Reuters topstories Fri, 03 Jul 2009 04:42:19 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090703/ts_nm/us_economy_california_budget"><img src="http://d.yimg.com/a/p/rids/20090703/i/r390293795.jpg?x=130&y=85&q=85&sig=_JDztgTjttAN2JZe0W1G4Q--" align="left" height="85" width="130" alt="California State Senator Leland Yee (D-San Francisco) talks in his office about the state's budget impasse in San Francisco, California July 3, 2009. State officials have begun issuing billions of dollars in "IOUs" to avoid a cash crisis, after lawmakers failed to balance the budget by the start of the state's new fiscal year on Wednesday, leaving a $26.3 billion deficit. REUTERS/Robert Galbraith (UNITED STATES POLITICS BUSINESS)" border="0" /></a>Reuters - Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090703/ts_nm/us_economy_california_budget"><img src="http://d.yimg.com/a/p/rids/20090703/i/r390293795.jpg?x=130&y=85&q=85&sig=_JDztgTjttAN2JZe0W1G4Q--" align="left" height="85" width="130" alt="photo" title="California State Senator Leland Yee (D-San Francisco) talks in his office about the state's budget impasse in San Francisco, California July 3, 2009. State officials have begun issuing billions of dollars in "IOUs" to avoid a cash crisis, after lawmakers failed to balance the budget by the start of the state's new fiscal year on Wednesday, leaving a $26.3 billion deficit. REUTERS/Robert Galbraith (UNITED STATES POLITICS BUSINESS)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/useconomyunemploymentobama afp/20090703/useconomyunemploymentobama AFP business Fri, 03 Jul 2009 02:14:18 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/useconomyunemploymentobama"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246585326260-1-0.jpg?x=130&y=82&q=85&sig=eumof562cysJkPGyUdzLYg--" align="left" height="82" width="130" alt="A job seeker sits near an employment bulletin board at the New York State Labor Department's Division of Employment Services in New York City. President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.(AFP/Getty Images/Chris Hondros)" border="0" /></a>AFP - President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090703/bs_afp/useconomyunemploymentobama"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246585326260-1-0.jpg?x=130&y=82&q=85&sig=eumof562cysJkPGyUdzLYg--" align="left" height="82" width="130" alt="photo" title="A job seeker sits near an employment bulletin board at the New York State Labor Department's Division of Employment Services in New York City. President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.(AFP/Getty Images/Chris Hondros)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook nm/20090702/us_column_stocks_outlook Reuters business Thu, 02 Jul 2009 23:02:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0" /></a>Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="photo" title="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_go_ca_st_pe/us_treasury_terror_sanctions ap/20090702/us_treasury_terror_sanctions AP politics Thu, 02 Jul 2009 23:00:39 GMT AP - The Obama administration on Thursday authorized the seizure of assets belonging to an extremist organization in Iraq and an Iranian backer of insurgents, saying both are responsible for deadly attacks in Iraq. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_co_ne/us_all_business ap/20090702/us_all_business AP business Thu, 02 Jul 2009 22:43:54 GMT AP - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_unemployment_older_workers ap/20090702/us_unemployment_older_workers AP business Thu, 02 Jul 2009 22:27:24 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_unemployment_older_workers"><img src="http://d.yimg.com/a/p/ap/20090702/capt.95b9057c10004ebaa2c0a3a68630d25b.unemployment_older_workers_dcjm103.jpg?x=130&y=86&q=85&sig=XzXlS55eUG7ED_oUiNQBIw--" align="left" height="86" width="130" alt="In this June 18, 2009 photo, Patricia McNally, 58, of Washington, applies for jobs online as her dog Lola watches, at her home in Washington. McNally, who is unemployed since being laid off in December of 2008, has had success networking on her daily walks with her dog. (AP Photo/Jacquelyn Martin)" border="0" /></a>AP - Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job. At a recent job fair, Kellum expressed interest in a supervisory role coordinating an international health assistance program. A recruiter set him straight: "The people applying for that are young."</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_unemployment_older_workers"><img src="http://d.yimg.com/a/p/ap/20090702/capt.95b9057c10004ebaa2c0a3a68630d25b.unemployment_older_workers_dcjm103.jpg?x=130&y=86&q=85&sig=XzXlS55eUG7ED_oUiNQBIw--" align="left" height="86" width="130" alt="photo" title="In this June 18, 2009 photo, Patricia McNally, 58, of Washington, applies for jobs online as her dog Lola watches, at her home in Washington. McNally, who is unemployed since being laid off in December of 2008, has had success networking on her daily walks with her dog. (AP Photo/Jacquelyn Martin)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_meltdown101_unemployment_by_the_numbers ap/20090702/us_meltdown101_unemployment_by_the_numbers AP business Thu, 02 Jul 2009 21:36:01 GMT AP - How bad is the current recession? Here's one measure: the United States now has fewer jobs than it did nine years ago, even though the work force — the number of people either working or looking for work — has grown by 12.5 million people since then. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/ts_nm/us_usa_economy nm/20090702/us_usa_economy Reuters topstories Thu, 02 Jul 2009 21:33:13 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/ts_nm/us_usa_economy"><img src="http://d.yimg.com/a/p/rids/20090702/i/r931899309.jpg?x=130&y=86&q=85&sig=zHGuaDCY9Qf_BLH8gyQMvQ--" align="left" height="86" width="130" alt="A man looks at a job board at a job fair in Toronto, April 1, 2009. REUTERS/Mark Blinch" border="0" /></a>Reuters - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/ts_nm/us_usa_economy"><img src="http://d.yimg.com/a/p/rids/20090702/i/r931899309.jpg?x=130&y=86&q=85&sig=zHGuaDCY9Qf_BLH8gyQMvQ--" align="left" height="86" width="130" alt="photo" title="A man looks at a job board at a job fair in Toronto, April 1, 2009. REUTERS/Mark Blinch" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/forexus afp/20090702/forexus AFP business Thu, 02 Jul 2009 21:29:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/forexus"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246531393662-2-0.jpg?x=130&y=80&q=85&sig=w1TCv2RclG8CBUqlNlMI7w--" align="left" height="80" width="130" alt="A woman holding several euro and US dollar notes. The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.(AFP/File/Bertrand Langlois)" border="0" /></a>AFP - The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/forexus"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246531393662-2-0.jpg?x=130&y=80&q=85&sig=w1TCv2RclG8CBUqlNlMI7w--" align="left" height="80" width="130" alt="photo" title="A woman holding several euro and US dollar notes. The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.(AFP/File/Bertrand Langlois)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_go_ec_fi/us_economy ap/20090702/us_economy AP business Thu, 02 Jul 2009 21:29:07 GMT AP - Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_go_ec_fi/us_fed_credit_crisis ap/20090702/us_fed_credit_crisis AP business Thu, 02 Jul 2009 20:46:46 GMT AP - Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_go_pr_wh/us_obama_jobs ap/20090702/us_obama_jobs AP politics Thu, 02 Jul 2009 20:44:05 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_go_pr_wh/us_obama_jobs"><img src="http://d.yimg.com/a/p/ap/20090702/capt.76f2aaa0d0f449f48ebeaf51d12f56c9.economy_nyml403.jpg?x=130&y=78&q=85&sig=6Ey8asutLHXvjAXzMgvzfA--" align="left" height="78" width="130" alt="Janet Francis looks at job postings at the New York State Department of Labor, Thursday, July 2, 2009 in the Brooklyn section of New York. Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Francis, 36, of Brooklyn, has been unemployed for two years and has used the time to work towards her college degree in social work. (AP Photo/Mark Lennihan)" border="0" /></a>AP - President Barack Obama said Thursday that he remains confident the economy will turn around in the short term and the nation will prosper in the long term despite another dose of bad unemployment news.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20090702/ap_on_go_pr_wh/us_obama_jobs"><img src="http://d.yimg.com/a/p/ap/20090702/capt.76f2aaa0d0f449f48ebeaf51d12f56c9.economy_nyml403.jpg?x=130&y=78&q=85&sig=6Ey8asutLHXvjAXzMgvzfA--" align="left" height="78" width="130" alt="photo" title="Janet Francis looks at job postings at the New York State Department of Labor, Thursday, July 2, 2009 in the Brooklyn section of New York. Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Francis, 36, of Brooklyn, has been unemployed for two years and has used the time to work towards her college degree in social work. (AP Photo/Mark Lennihan)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_housing_barclays nm/20090702/us_housing_barclays Reuters business Thu, 02 Jul 2009 19:56:55 GMT Reuters - U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/useconomyunemployment afp/20090702/useconomyunemployment AFP business Thu, 02 Jul 2009 19:17:08 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/useconomyunemployment"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246541653975-5-0.jpg?x=130&y=80&q=85&sig=Ox0LF4BbHfqr8mxKQTszVg--" align="left" height="80" width="130" alt="Job seekers look use computers to look for work at an unemployment centre in New York City in June 2009. US employers shed 467,000 jobs in June, pushing the unemployment rate to a fresh 26-year high of 9.5 percent, the Labor Department reported Thursday.(AFP/Getty Images/Chris Hondros)" border="0" /></a>AFP - Dampening hopes of an early recovery from recession, official figures Thursday showed US job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-year high of 9.5 percent.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20090702/bs_afp/useconomyunemployment"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246541653975-5-0.jpg?x=130&y=80&q=85&sig=Ox0LF4BbHfqr8mxKQTszVg--" align="left" height="80" width="130" alt="photo" title="Job seekers look use computers to look for work at an unemployment centre in New York City in June 2009. US employers shed 467,000 jobs in June, pushing the unemployment rate to a fresh 26-year high of 9.5 percent, the Labor Department reported Thursday.(AFP/Getty Images/Chris Hondros)" border="0"/></a></p><br clear="all"/> (AFP)