Jul 10 No Deal Yet After Sunday Debt Limit Meeting President Obama at debt ceiling meeting with congressional leaders. Photo by Joshua Roberts/Bloomberg via Getty Images Congressional leaders left the White House Sunday evening without news of a deal to reduce the federal deficit and raise the debt limit… Continue reading
Jul 08 Watch Dismal Unemployment Report Suggests Recovery May Be Stalling The U.S. unemployment rate rose to 9.2 percent in June as employers added the fewest jobs in nine months. Jeffrey Brown discusses the grim jobs reading and the stubbornly high employment gap between black and white Americans with Pomona College's… Continue watching
Jul 08 Jobs: the Dreary Data, a Desperate Viewer, a Pessimistic Professor By Paul Solman Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent this morning, a rise that gets us back near the number when we first inaugurated the Solman Scale last December. This morning's job numbers: only… Continue reading
Jul 08 Jobs: Dreary Data, a Desperate Viewer, a Pessimistic Professor By Paul Solman Goodness! U-7, our own measure of under-and unemployment, shot up to 18.6 percent Friday morning, a rise that gets us back near the number when we first inaugurated the Solman Scale last December. Friday morning's job numbers:… Continue reading
Jul 08 Unemployment Up to 9.2 Percent in June, Only 18,000 Jobs Added Job seekers register and pick up open jobs fliers from potential employers at Los Angeles Mission's 10th annual Skid Row Career Fair June 2, 2011 in Los Angeles, Calif. Photo by Kevork Djansezian/Getty Images. Unemployment rose to 9.2 percent… Continue reading
Jul 08 Obama Gets His Monthly Report Card On Friday morning, President Obama will speak about the jobless rate, which rose to 9.2 percent. Photo by Brendan Smialowski/Getty Images. A jobs report does not an election make, but the Obama economy is in a rut and… Continue reading
Jul 07 Watch Will News of the World’s Shuttering Change British Journalism Tactics? News Corp. announced Thursday that its tabloid, News of the World, will cease to publish after 168 years, but reports have surfaced that sister publication, The Sun, might publish a Sunday edition in its place. Margaret Warner discusses the phone-hacking… Continue watching
Jul 07 Pelosi: House Democrats Won’t Support Entitlement Cuts in Debt-Limit Deal While Republicans in the House and Senate have been declaring for weeks that they won't support any type of tax increase as part of a debt-limit deal, House Minority Leader Nancy Pelosi drew her own line in the sand Thursday:… Continue reading
Jul 07 As Tourists Return, How Will Service Worker Centers Feel in 2012? Lincoln City, Oregon; photo by Dante Chinni, Patchwork Nation If you want a scorecard for the behemoth we call the American economy, there is no shortage of measurements. Every week brings reports on everything from jobless claims to gas… Continue reading
Jul 07 Obama: White House Debt Limit Meeting ‘Constructive,’ But No Deal Yet President Obama speaks Thursday in the Brady Briefing Room following a meeting on the debt ceiling with congressional leaders. Photo by Saul Loeb/AFP/Getty Images President Obama said Thursday that he had a very constructive meeting with congressional leaders about… Continue reading