Jun 05 Watch Unemployment Rate Hits 26-Year High, but Job Cuts Slow Although the rate of U.S. job losses slowed in May, unemployment rose to 9.4 percent, the highest rate in 26 years. Economist Lisa Lynch explains the new job numbers. Continue watching
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 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 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
May 29 What Led to the High Interest Rates of the 1980s? Question: What were the causes and circumstances that led to the high interest rates in the 80’s? Was it inability to effect a change or inaction in addressing the issue? Paul Solman: If by “interest rates” you mean the rate… Continue reading
May 29 U.S. Economy Shrank 5.7% at Start of Year By Admin, PBS News Hour The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be… Continue reading
May 28 Watch UAW's Gettelfinger Gives Union Take on Auto Deals As GM moves closer to a reorganization plan, UAW President Ron Gettelfinger gives the union's perspective on the recent plans to boost the struggling auto industry. Continue watching
May 28 Watch Other News: Economic Reports Yield Mixed Results In other news, the Labor Department reported that jobless claims fell, and orders for high-cost factory goods and new home sales rose in April. Continue watching
May 28 New Jobless Claims Fall, Manufacturing Orders Rise By Admin, PBS News Hour In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967. Continue reading