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Obama warns of debt-inspired double-dip recession

With unemployment firmly above 10 percent and a comprehensive health bill looming in the Senate, President Obama warned that without debt-reduction measures the U.S. could enter a double-dip recession.
Nov 18, 2009 by  Michael Krebs in Politics - 7 comments

Opinion: Show Trial Goes To New York

The significance of continuing growth in unemployment ranks has been obliterated from headlines by an unexpected decision by the Administration: Five Guantanamo Bay Sept. 11 terrorist detainees will be tried in a civilian federal courthouse in New York.
Nov 16, 2009 by  James Raider in Politics

Canada's jobless rate rises unexpectedly

Canada lost 43,000 full-time jobs in October. The losses were a surprise and boosted Canada's unemployment rate to 8.6 percent. Part-time work decreased by 60,000 positions in October, with adult women and youth bearing the brunt of the drop.
Nov 6, 2009 by  Stephanie Dearing in Business - 1 comment

US unemployment rate soars, employers cut 190,000 jobs in October

The U.S. Dept. of Labor reports that October's unemployment rate jumped to 10.2 percent. That rate is the highest it has been since 1983. Some employers, however, are adding temporary workers.
Nov 6, 2009 by  Kay Mathews in Business - 1 comment

Unemployment rate climbs to 10.2%

The US economy lost a net total of 190,000 jobs in October, causing the national unemployment rate to jump to 10.2%, the highest in 26 years.
Nov 6, 2009 by  Aaron Jefferson in Business - 1 comment

Congress extends unemployment benefits, new homebuyer tax credit

Passed on November 5th, the bill extends unemployment benefits up to twenty additional weeks and the new homebuyer tax credit to contracts signed by April 30 and completed by June 30.
Nov 5, 2009 by  Alisa Driscoll in Politics

Unemployment rocks U.S. Southwest

Unemployment is rocking the southwest part of the United States. Meanwhile, corporations like Oracle, that are doing just fine, are canceling conventions in Las Vegas just to keep the perception that they are not doing great in this economy.
Oct 31, 2009 by  Jay David Murphy in Business - 3 comments

South Carolina Unemployed Workers to Receive Much Needed Lifeline

Over 7,000 unemployed workers in South Carolina are breathing a sigh of relief this morning as the legislature votes to approve extending unemployment benefit payments.
Oct 29, 2009 by  Christina Jones in Politics

South Carolina Unemployment Money Given to Unqualified Applicants

South Carolina Department of Commerce data shows that not all unemployed workers receiving benefits qualify to receive unemployment to begin with.
Oct 26, 2009 by  Christina Jones in Business

White House top economist: don't expect growth from the stimulus

In a sober assessment of the impact the federal stimulus plan is having on the U.S. economy, leading White House economist Christina Romer admitted that the plan will not contribute to growth in 2010.
Oct 23, 2009 by  Michael Krebs in Business

Federal Unemployment Benefits Extension Debate Lingers in Senate

The Federal Unemployment Benefits Extension bill HR 3548 is still being debated in the Senate. Senators have yet to reach a resolution on how to fund the bill. While they debate, thousands of Americans are losing their unemployment benefits each day.
Oct 22, 2009 by  Justin Johnson in Politics - 3 comments

Opinion: 7 Americans foreclosed every minute and this is a recovery?

The fecal wisdom of the business pundits shines so brightly sometimes. While the rest of the U.S. disappears under a tide of unemployment which trashes millions of lives, anything is evidence of a recovery.
Oct 16, 2009 by  Paul Wallis in Business - 18 comments

U.S. Senate proposes 14-week unemployment extension

Two million Americans are facing a termination of unemployment benefits by the end of the year and Senate Democrats are racing to get a proposal done to extend benefits before the clock strikes midnight.
Oct 9, 2009 by  Jay David Murphy in Politics - 29 comments

Opinion: Is the Australian jobs surge great news or just talkfest?

Australia’s somewhat unexpected position as paragon of economic virtues has received another boost with the release of excellent employment figures. Over 40,000 new jobs were created in September, with the national unemployment rate at 5.7%.
Oct 7, 2009 by  Paul Wallis in Business - 4 comments

Pence: Nation is 'on the verge of a great American awakening'

Republican Congressman Mike Pence seeks to rally conservative bases around the issue of irresponsible government spending, as unemployment continues to rise with no tangible signs of rescue from stimulus programs.
Oct 3, 2009 by  Michael Krebs in Politics - 3 comments

U.S. unemployment hits 9.8%, big September job cuts

The U.S. unemployment rate hit 9.8 percent in September, as the recession is proving to be more resilient than prior estimates.
Oct 2, 2009 by  Michael Krebs in Business

U.S. unemployment hits 9.8%, 263,000 jobs cut in September

The unemployment rate has risen to 9.8 percent in the United States. That number does not include those who have given up looking for employment or are underemployed. Jobs losses in Sept. especially high in construction and government sectors.
Oct 2, 2009 by  Kay Mathews in Business

MP Olivia Chow Talks To Harbourfront Community Special

On Saturday MP Olivia Chow visited the Harbourfront Community Center to speak to the public about issues concerning residents of Toronto and the local area.
Sep 19, 2009 by  KJ Mullins in Politics

Unemployment nationally at 9.7 %, Nevada reaches 13.2 % Special

The unemployment numbers are in for August and for the eighth straight month Nevada's unemployment rate goes up. The construction and hospitality industries have been hit the hardest.
Sep 18, 2009 by  Jay David Murphy in Business

Labor Day weekend travel numbers drop for 2009

Labor Day holiday travel numbers are off from all time high numbers from 2008. Two factors take a bite out of this year's numbers, the day when school returns and the unemployment rate.
Sep 5, 2009 by  Jay David Murphy in Travel
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