unemployment – News Stories About unemployment - Page 25

Unemployment Programs Going Bust in 40 States

Dec 22, 2009 7:51 AM CST

Unemployment Programs Going Bust in 40 States

States face raising taxes or slashing benefits

(Newser) - The combination of high unemployment and bad planning means that the jobless compensation programs of all but 10 states are on course to go broke by 2011. Some 25 states are already borrowing federal money to issue benefit checks. State lawmakers are coming under intense pressure to either shrink payments...

Temp Hiring Is on the Rise

Dec 21, 2009 5:58 AM CST

Temp Hiring Is on the Rise

Employers show confidence, but hedged with caution

(Newser) - With the economy on an upswing, employers are feeling a tad more confident—enough to bring on more temporary workers, who can easily be let go if things go south again. Temp hiring has risen for 4 months—longer than the aftermath of previous recessions, when employers started hiring permanent...

House Narrowly OKs $174B Job-Focused Stimulus Bill

Dec 16, 2009 6:39 PM CST

House Narrowly OKs $174B Job-Focused Stimulus Bill

Irate GOP calls measure 'son of stimulus'

(Newser) - President Obama's Democratic allies in the House have muscled through a year-end measure—with a price tag of $174 billion—aimed at creating jobs through a second round of stimulus spending. The 217-212 vote reflected considerable uneasiness among Democrats over the prospect of voting for more debt-financed spending as the...

Poll Lays Bare Jobless Toll
on Families

Dec 15, 2009 9:33 AM CST

Poll Lays Bare Jobless Toll on Families

Parents are panicked and ashamed, kids are anxious as savings go

(Newser) - Unemployment is taking an alarming toll on the mental health and family life of American workers, a New York Times / CBS poll finds. Some 86% say unemployment has caused a life crisis. Almost half say they've suffered from anxiety and depression, they've argued more with their family and friends...

Illinois Prison Will
Take Gitmo Inmates

UPDATED

Dec 15, 2009 6:43 AM CST

Illinois Prison Will Take Gitmo Inmates

Prison nearly empty, unemployment brutal in rural Thomson

(Newser) - A nearly vacant prison in a western Illinois town where unemployment is over 10% will be the new home of as many as 100 current Guantanamo Bay detainees. An announcement of the president's decision to acquire the 8-year-old jail is expected today, the Chicago Tribune reports. Gov. Pat Quinn and...

Dow Up 69 After Jobs Data

MARKETS

Dec 10, 2009 3:16 PM CST

Dow Up 69 After Jobs Data

Oil hits $70.47, a 2-month low

(Newser) - Stocks posted solid gains today following a weekly jobs report that showed a boost in initial unemployment filings but a fall in the number of claims lasting longer than 1 week, the Wall Street Journal reports.

The Dow rose 68.78 points to close at 10,405.83.
The Nasdaq

...

Let Entrepreneurs,
Not Uncle Sam
Create Jobs

OPINION

Dec 10, 2009 1:51 AM CST

Let Entrepreneurs, Not Uncle Sam Create Jobs

Obama jobs plan will turn the US into France

(Newser) - President Obama paid lip service to America's spirit of entrepreneurship in his jobs proposals this week, but his policies will turn the US into France instead of a 21st century rival to Asia, warns Daniel Henninger. Entrepreneurship involves some people getting extremely rich, and that's something the Democrats just don't...

Obama Pushes Tax Breaks for Small Businesses

Dec 8, 2009 1:08 PM CST

Obama Pushes Tax Breaks for Small Businesses

President lays out ideas to create jobs

(Newser) - President Obama proposed a series of job-creating ideas today to supplement the original stimulus plan, with an emphasis on helping small businesses through tax breaks and a suspension of their capital gains taxes. He also called for spending on highways and other infrastructure projects as well as the so-called “...

Obama to Tackle
Jobs, Deficit

speech preview

Dec 8, 2009 8:53 AM CST

Obama to Tackle Jobs, Deficit

Pols split on how to use bailout bucks for recovery

(Newser) - President Obama will today outline a new push to tackle the country's surging unemployment and mounting deficit. The speech, at the Brookings Institution, comes as legislators are locked in a debate over how, exactly, to use surplus TARP funds to boost a tepid recovery. Republicans oppose dipping into the surplus,...

Jobs Are Coming
Back—and Soon

floyd norris

Dec 4, 2009 11:22 AM CST

Jobs Are Coming Back—and Soon

Employers laid off so many they'll have to hire

(Newser) - The rosier-than-expected unemployment numbers released today are encouraging, Floyd Norris writes, but it’s actually the very precipitous nature of the original falloff that makes him optimistic about the future. So many jobs were lost, Norris argues, that If employers want to fill any but the most meager of orders,...

Stocks Surge
on Jobs News

Markets open

Dec 4, 2009 8:40 AM CST

Stocks Surge on Jobs News

Better-than-expected unemployment news pleases traders

(Newser) - This morning's better-than-expected unemployment figures sent markets up in a hurry at the opening bell. The Dow rose about 130 points in the opening minutes on news that employers shed just 11,000 jobs in November, the fewest since 2007, notes MarketWatch . The figures brought the unemployment rate down to...

Unemployment Drops to 10%

Dec 4, 2009 7:47 AM CST

Unemployment Drops to 10%

Jobs put in best showing since 2007

(Newser) - Job losses slowed and the unemployment rate unexpectedly fell in November, the Labor Department announced today, in its most positive jobs report since 2007. Nonfarm payrolls fell by a mere 11,000, while the unemployment rate, which is determined by surveying households rather than companies, fell from 10.2% to...

Obama Rejects Criticism
of Black Caucus

Dec 3, 2009 3:38 PM CST

Obama Rejects Criticism of Black Caucus

It's a 'mistake' to focus on 'particular ethnic segments,' he says

(Newser) - President Obama says he understands the frustrations of the Congressional Black Caucus, but thinks it would be a "mistake" for him to focus too exclusively on the plight of black Americans in the recession. "The most important thing I can do for the African-American community is the same...

Obama Summit Tackles Jobs

Dec 3, 2009 7:34 AM CST

Obama Summit Tackles Jobs

Event will coincide with the release of November unemployment stats

(Newser) - The Obama administration will hold a much-hyped jobs summit today, bringing 130 guests—including labor leaders and a host of big-name CEOs—to brainstorm ideas for tackling unemployment. The event also just happens to coincide with the release of November’s unemployment figures, which aren’t expected to be pretty—...

Incredible Shrinking Stimulus Needs Part II

OPINION

Dec 3, 2009 3:32 AM CST

Incredible Shrinking Stimulus Needs Part II

Local government cuts are canceling out federal package

(Newser) - The American economy badly needs a second stimulus package, but the false belief that the government has already stimulated the economy to the tune of $787 billion is standing in the way, writes Harold Meyerson. When deferred spending and the effect of state and local government cuts are taken into...

Employers Offer
More OT, Fewer New Jobs

green shoots

Nov 27, 2009 1:33 PM CST

Employers Offer More OT, Fewer New Jobs

Brightening economy results in more overtime, fewer new jobs

(Newser) - Manufacturers skeptical about economic improvement are hedging their bets and forgoing hiring in favor of scheduling overtime work to fill welcome new orders. The tactic may be working for now—employees surely aren’t complaining—but the phenomenon is likely to be short-lived. “Overtime is more costly,” an...

Unemployment to Stay
High for Years

Nov 24, 2009 4:13 PM CST

Unemployment to Stay High for Years

Fed officials predict it will take about 5 years to return to normal

(Newser) - Unemployment will remain higher than normal for years to come, Fed officials predicted today. Even at the end of 2012, the rate is forecast to be between 6.8% and 7.5%—a decent turnaround from the current 10.2% but still about 2 points higher than the figure in...

Q3 GDP Growth More
Like 2.8% Than 3.5%

FUZZY MATH DEPT

Nov 24, 2009 9:29 AM CST

Q3 GDP Growth More Like 2.8% Than 3.5%

Spending and home prices are up, but not enough to help jobs

(Newser) - The government’s optimistic reading of GDP growth in the 3rd quarter was distorted by a pair of rose-tinted glasses, it now says. The Commerce Department has revised its estimate down to 2.8% from 3.5% on evidence that stimulus programs like Cash for Clunkers and the homebuyers' tax...

Young Black Men Hit Hardest By Recession

34.5% unemployment

Nov 24, 2009 6:21 AM CST

Young Black Men Hit Hardest By Recession

Demographic's unemployment reaches Depression-era levels

(Newser) - The recession has sent the unemployment rate among young black men soaring to rates not seen since the Great Depression. The jobless rate among black males aged 16 to 24 hit 34.5% last month, more than triple the rate for the general population. The demographic has been especially hit...

Congress' New
Whipping Boy:
The Fed

Nov 23, 2009 8:54 AM CST

Congress' New Whipping Boy: The Fed

Bernanke & Co. run into populist ire over Wall St bailouts, unemployment

(Newser) - When Fed Chair Ben Bernanke goes before Congress next month seeking a second term, he'll run straight into cantankerous legislators riding a tide of populist rage over the Wall Street bailout and high unemployment. While the Fed acted decisively to bail out the financial markets last year, it's widely viewed...