Jun 05 Job Losses Slow, but Unemployment Hits 9.4% By Admin, PBS News Hour Unemployment jumped to a 25-year high in May, according to new Labor Department numbers, but the rate of job losses slowed with 345,000 jobs lost last month, down from 504,000 in April. Continue reading
Jun 05 What's Your Take on the New Unemployment Numbers? Question: What’s your take on the new unemployment numbers? Paul Solman: First Friday: That time of the month again. Time for the official unemployment number, that is. Today’s is being trumpeted as yet another “green shoot.” A net job loss… Continue reading
Jun 04 Which Taxes Offer an Opportunity to Be Progressive? Question: What other taxes offer an opportunity to be progressive besides income and inheritance taxes? Paul Solman: Great question. I hope school is still in session. One alternative tax would be a progressive… Continue reading
Jun 03 Watch Analysts Weigh Economic Impact of GM Bankruptcy Filing Analysts take a closer look at the deeper, long-term effects of General Motors' bankruptcy filing. Continue watching
Jun 03 Watch Detroit Feels Ripple Effects From GM's Bankruptcy Economics correspondent Paul Solman talks to Detroit residents about the "collateral damage," or ripple effects, from General Motors' bankruptcy filing earlier in the week. Continue watching
Jun 03 Watch Other News: Fed Chairman Warns of Rising U.S. Deficits In other news, Federal Reserve Chairman Ben Bernanke warned of the detrimental effects of long-term soaring deficits, and the Brazilian military found more wreckage from an Air France jetliner that disappeared over the Atlantic Ocean Sunday. Continue watching
Jun 03 Smart Design for a Complicated Crisis A short and simple story of the credit crisis? Do you have 11 minutes? That's how long it takes designer Jonathan Jarvis to break down one of the most complicated financial news stories of the year in his video, "The… Continue reading
Jun 03 Manufacturing Declines in St. Louis; Financial Industry Looks Promising By Anna Shoup While Detroit gets most of the attention as the center of the American auto industry, the St. Louis area, which had prided itself in being the largest auto manufacturer outside of Detroit, is also taking a big hit. Continue reading
Jun 03 Familiar with Unemployment, Edgecombe County Weathers Recession By Rob Holliday, UNC-TV Unemployment rates of 8 percent and higher are uncharted territory for most communities across the nation, but in Edgecombe County, N.C., those sorts of numbers are familiar ground. Continue reading
Jun 03 Obama Seeks Saudi King's Counsel on Eve of Address to Muslim World By PBS News Hour President Barack Obama began his latest effort to open a dialogue with the Muslim world with a visit to King Abdullah of Saudi Arabia on Wednesday. Continue reading