Nov 09 Watch News Wrap: G-20 Stimulus Pledge Boosts Markets In other news, the Dow Jones industrial average closed at a 13-month high after G-20 nations pledged to continue stimulus efforts, and Iraq set a date for national elections. Continue watching
Nov 06 Watch Unemployment Hits 26-Year High Despite Economic Growth The U.S. Labor Department announced that unemployment jumped to over 10 percent on Friday, the highest it's been since 1983. Jeffrey Brown talks to an economist for more. Continue watching
Nov 06 Freelancers Lack Safety Net When Jobs Are Scarce By Business Desk Editor’s note: Tonight on the NewsHour, Paul explores the changing nature of work in a tough economy: Companies may be shedding jobs left and right, but they are increasingly looking for short-term employees to provide work they still need to… Continue reading
Nov 06 U.S. Jobless Rate Hits 10.2%, Highest in 26 Years U.S. unemployment rose more than expected to a 26-year high of 10.2 percent, shedding 190,000 jobs in October, according to figures released by the Department of Labor Friday. Continue reading
Nov 05 Watch Obama Expected to Sign Extended Unemployment Benefits, Homebuyer Credit The House voted overwhelmingly Thursday to extend aid to jobless workers and offer tax breaks to homebuyers. President Obama was expected to sign the measure on Friday. Ray Suarez reports. Continue watching
Nov 05 Watch Other News: Stocks Rally on Falling Jobless Claims In other news, falling weekly jobless claims contributed to a Wall Street rally, and there are new warning signs that the U.S. might be facing a shortage of the seasonal flu vaccine. Continue watching
Nov 05 Reinhart and Rogoff Answer Questions on the History of Financial Crises Editor’s note: Paul recently sat down with economists Kenneth Rogoff and Carmen Reinhart, authors of a new book chronicling an incredible eight centuries of financial crises around the world, This Time Is Different: Eight Centuries of Financial… Continue reading
Nov 05 Aid for Jobless, Homebuyers Clears Congress By Dave Gustafson Congress has passed legislation that would expand a popular homebuyer's tax credit and extend unemployment benefits in a bid to breathe more life into the struggling American economy. Continue reading
Nov 05 Student Questions: The Unemployment Outlook Editor’s note: This week and next, the Business Desk will feature questions from students in three high schools around the country. Question: Unemployment seems to be far worse than the government’s statistics show (currently just below 10 percent). Continue reading