Small Florida bank shuttered, 124th this year (AP) AP - Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. Senate sets hearing on Bernanke's renomination (Reuters)
Fla. jobless rate climbs to 11.2 percent in Oct. (AP) AP - Florida's unemployment rate continued its steady upward climb in October to 11.2 percent — a mark last seen in the 1970s and a tenth of a percentage point higher than September's adjusted rate, state officials said Friday. Louisiana sees decline in initial jobless claims (AP) AP - First-time claims for jobless benefits in Louisiana fell last week after a spike attributed to a temporary layoff in the transportation equipment industry. Ala. jobless rate rises to 10.9 percent in October (AP) AP - Just two years after hitting a record low, the unemployment rate in Alabama climbed to 10.9 percent in October, the highest it has been in more than 25 years, state officials announced Friday. Dollar keeps gaining as traders pare risk exposure (AP) AP - The safe-haven dollar further strengthened Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 diminished traders' appetites for risky bets. Highway travel rises as economy recovers (Reuters) Reuters - U.S. motorists drove more miles for the fourth month in a row, which could indicate that both the economy and demand for gasoline are starting to recover, analysts said. Colo. jobless rate dips to 6.9 percent in October (AP) AP - A shrinking labor force and about 1,000 new jobs have helped put Colorado's latest seasonally adjusted unemployment rate for October at 6.9 percent, a slight decrease from the previous month, the state Department of Labor and Employment said Friday. Indiana's jobless rate hits 9.8 percent in October (AP) AP - Indiana's unemployment rate was almost unchanged from September to October, but officials said it's too early to tell whether the stability marks a long-awaited awaited rebound in employment. You can save this news page by submitting it to your favorite sites:
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Reuters - The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on December 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress.
