unemployment – News Stories About unemployment - Page 28

Sep 5, 2009 6:45 AM CDT

Teen Unemployment Hits Record 25%

Expert sees teenagers jobless for a 'long, long, long, long time'

(Newser) - The teen jobless picture is the bleakest since the government started tracking the statistic 60 years ago, the New York Times reports. The rate hit 25.5% last month, nearly triple the rate among other workers. Analysts say teens are getting squeezed out of the workplace by college graduates, unable...

Dow Up 97 on Aug. Jobs Data

MARKETS

Sep 4, 2009 3:26 PM CDT

Dow Up 97 on Aug. Jobs Data

Indices post declines for the week

(Newser) - Traders focused on positive aspects of today's August unemployment report—declining job losses—rather than the upward revision in total jobless numbers, sending stocks higher, the Wall Street Journal reports. General Electric led advancing stocks on the Dow with a 3.35% gain. The Dow rose 96.66 points to...

Unemployment Hits 9.7%,
but Job Losses Are Slowing

Sep 4, 2009 8:02 AM CDT

Unemployment Hits 9.7%, but Job Losses Are Slowing

(Newser) - The US lost 216,000 jobs last month, driving unemployment to 9.7%, its highest level since 1983, the Wall Street Journal reports. The silver lining is that job losses have slowed; payrolls dropped a revised 276,000 in July, and earlier months saw losses of as many as 700,...

Survey Finds
Unemployed
'Traumatized'

Sep 3, 2009 7:40 AM CDT

Survey Finds Unemployed 'Traumatized'

Two thirds of Americans who have lost jobs experience depression

(Newser) - The recession has left many jobless workers struggling to cope with the psychological stress, a new study finds. Researchers at Rutgers University said the financial strain that comes with being out of work, combined with the daunting task of seeking new employment in a difficult job market, has left many...

Dow Slips 30 on Jobs Data

MARKETS

Sep 2, 2009 3:23 PM CDT

Dow Slips 30 on Jobs Data

Rise in materials stocks offsets jobs news

(Newser) - Stocks closed with modest losses today as advances in materials stocks helped offset disappointing data on jobs, the Wall Street Journal reports. The private sector shed 298,000 jobs in August, more than forecast. The materials sector of the S&P 500, however, advanced as gold futures hit a 3-month...

Jurors Dodge Duty
Amid Financial Fears

Sep 2, 2009 10:20 AM CDT

Jurors Dodge Duty Amid Financial Fears

Citizens point to recession, unemployment in bid for dismissal

(Newser) - Jury duty has always been a pain, but the tough economy is prompting more and more Americans to ditch their civic responsibility, the New York Times reports. While exact figures aren’t available, officials report that jurors increasingly cite financial worries in bids to get out of duty. “I...

States Pass on Stimulus Money for Unemployed

Aug 31, 2009 11:01 AM CDT

States Pass on Stimulus Money for Unemployed

$3.1B sitting unused in federal coffers

(Newser) - More than $3.1 billion in stimulus money earmarked for the unemployed is idling in federal coffers, USA Today reports, because 23 states haven’t expanded their unemployment benefits in order to qualify. Another 350,000 workers could receive benefits if they did, according to one worker advocacy group. But...

Americans
Are Addicted
to Work We Hate

OPINION

Aug 27, 2009 6:06 AM CDT

Americans Are Addicted to Work We Hate

(Newser) - We job-obsessed Americans like to say we work like dogs, but over in Russia they call it "working like Americans," notes Stephen Marche in Esquire, where he probes the "insane" American addiction to work. It's a habit we may finally break, but only thanks to soaring unemployment....

Jobless Rates Jump in 26 States

Aug 21, 2009 2:05 PM CDT

Jobless Rates Jump in 26 States

16 states' unemployment at least 10%

(Newser) - Jobless rates climbed in 26 states last month, suggesting employment recovery will be slow and governors may face worsening budget woes, Bloomberg reports. Unemployment in California, Georgia, Rhode Island, and Nevada was at its highest since record-keeping started in 1976. While California’s rate rose from 11.6% to 11....

Job-Rich N. Dakota
Lures the Unemployed

Aug 14, 2009 2:37 PM CDT

Job-Rich N. Dakota Lures the Unemployed

State jobless rate is 4.2%

(Newser) - North Dakota, not usually known for much other than open space, has suddenly become a job-seeker's paradise. The state of just over 640,000 has 9,000 open jobs and employs a recruiter who works full-time to lure workers, the Washington Post reports. "In North Dakota, it is pretty...

Economy Is Only
Recovering on Paper

Analysis

Aug 12, 2009 9:03 AM CDT

Economy Is Only Recovering on Paper

(Newser) - If you’re the glass-half-full type, recent economic indicators look good: Unemployment fell last month, the savings rate is up, and productivity hit a 6-year high. But that same data proves that ordinary people aren’t likely to feel the good vibrations anytime soon, the Washington Post reports. “It's...

Unemployment Will Probably Miss 10%: Silver

Analysis

Aug 10, 2009 11:52 AM CDT

Unemployment Will Probably Miss 10%: Silver

(Newser) - Lots of economists are predicting that unemployment, which at last count hung at 9.4%, will hit 10% before the calendar changes, but Nate Silver of FiveThirtyEight.com disagrees. For that to happen, the economy would need to lose another million jobs or so, and "the jobs picture is...

Obama: Ignore
Reform 'Rumors'

Aug 8, 2009 7:01 AM CDT

Obama: Ignore Reform 'Rumors'

(Newser) - President Barack Obama asked Americans to put no stock in "outlandish rumors" that health care reform will "promote euthanasia, or cut Medicaid, or bring about a government takeover of health care," in his weekly radio and Internet address today. "That's simply not true." Politico noted...

Jobs Lift Stocks; Dow Up 114

MARKETS

Aug 7, 2009 3:15 PM CDT

Jobs Lift Stocks; Dow Up 114

Unemployment report fuels rally

(Newser) - Good news about the labor market fueled a rally in stocks today, the Wall Street Journal reports. Slowing declines in payrolls and a 0.1% drop in unemployment—both figures beat expectations—elevated investor sentiment. AIG jumped 22.2% after reporting a $1.8 billion quarterly profit. The Dow gained...

Job Losses Slow,
Unemployment Dips to 9.4%

Aug 7, 2009 7:55 AM CDT

Job Losses Slow, Unemployment Dips to 9.4%

(Newser) - Job losses slowed more than expected last month, and unemployment fell from 9.5% to 9.4% in its first dip since April 2008, the Labor Department announced today, marking another strong positive sign for the economy. Payrolls fell by 247,000, a big improvement over the 443,000 lost...

Credit Checks
Trap Jobless
in Financial Spiral

Aug 7, 2009 5:55 AM CDT

Credit Checks Trap Jobless in Financial Spiral

(Newser) - For many unemployed Americans, a new trend is keeping the prospect of a new job out of reach: detailed credit checks of prospective employees. Once used mostly for government positions, cheap credit checks are now routine at private employers seeking to cull huge applicant pools. Businesses say they're just...

Dow Off 25 Ahead of July Jobs

MARKETS

Aug 6, 2009 3:38 PM CDT

Dow Off 25 Ahead of July Jobs

Monthly unemployment report will show recovery's progress

(Newser) - Stocks closed lower today ahead of a July unemployment report due tomorrow, the Wall Street Journal reports. Procter & Gamble weighed on the Dow with a 4.7% decline, over doubts about its sales strategy. The Dow fell 25 points to close at 9,256. The Nasdaq lost 20 points,...

Dow Ends 4-Day Run, Dips 39

MARKETS

Aug 5, 2009 3:15 PM CDT

Dow Ends 4-Day Run, Dips 39

Financials rally against broader slump

(Newser) - Stocks fell today on dour data, though some financial firms rallied against the broader slump, the Wall Street Journal reports. The private sector lost 371,000 jobs in July, and the Institute for Supply Management’s index of non-manufacturing activity fell to 46.4 from 47.0 in June. Nonetheless,...

Unemployed Grad
Sues College
for Tuition

Aug 3, 2009 3:10 AM CDT

Unemployed Grad Sues College for Tuition

Unable to find work, New Yorker wants her $70K back

(Newser) - After months of looking for work, fed up New Yorker Trina Thompson is suing her college for the $70,000 she spent on tuition. Monroe College's Office of Career Advancement hasn't done enough to help her find employment, the 27-year-old spring graduate claims in a suit filed in Bronx Supreme...

1.5M Jobless Will
Lose Benefits by Dec.

Aug 2, 2009 7:40 AM CDT

1.5M Jobless Will Lose Benefits by Dec.

(Newser) - As many as 1.5 million Americans will lose unemployment benefits by the end of the year, reports the New York Times. Some 9 million Americans currently receive an average of $300 a week in unemployment, and many in the current recession have failed to find work for a year...