Business Briefs: Dalton jobless rate rises

Business Briefs: Dalton jobless rate rises

November 25th, 2011 in Business Around the Region

No stock tables today

Because of the Thanksgiving holiday, there are no stock listings in today's newspaper.

Dalton jobless rate rises

Unemployment in metropolitan Dalton rose two-tenths of a percent during October to 12.7 percent, the highest rate of any of Georgia's 14 metro areas. The Georgia Department of Labor reported Thursday the number of people on the job in metro Dalton declined by 500 last month despite a statewide gain across Georgia of 26,500 jobs. The jobless rate in metro Dalton in October a year ago was 11.9 percent. Metropolitan Dalton includes Whitfield and Murray counties in Northwest Georgia.

Metro Athens had the lowest area rate at 7.5 percent in October.

U.S. Steal appeal rejected

TORONTO - The Supreme Court of Canada said Thursday it will not hear a case that pitted the Canadian government against Pittsburgh-based steel maker United States Steel Corp. over the company's 2007 purchase of Ontario-based Stelco. Inc.

Canada took U.S. Steel Corp. to court last year to meet commitments it made in 2007 on capital spending, production and research and development spending in Canada.

U.S. Steel said it couldn't live up to the promises it made when it bought the Hamilton steelmaker because demand for its production had been destroyed by the 2008 recession.

Libya increases oil output

TRIPOLI, Libya - Libya's oil production is increasing quickly and now stands at more than 600,000 barrels a day, a prominent Libyan oil expert said Thursday.

Ali Tarhouni, who just stepped down as the oil and finance minister, said he expects production to reach 700,000 barrels a day within a few days.