Nov 12 Home Foreclosures, New Jobless Claims Decline By Carolyn O'Hara Foreclosure numbers dropped for the third straight month in October, and new claims for unemployment benefits dropped more than expected last week, according to figures released Thursday. Continue reading
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 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 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
Oct 30 Stimulus Created, Saved 650,000 Jobs, White House Says By Lea Winerman More than 650,000 jobs have been created or saved by the government's fiscal stimulus program, the White House said Friday. Continue reading
Oct 30 Watch With Jobs Still Elusive, White House Defends Stimulus President Obama's $787 billion stimulus package has saved or created about 650,000 jobs, the White House said Friday. But with unemployment at a 26-year high, the administration is facing increased criticism about ongoing weakness in the labor market. Continue watching
Oct 29 Watch Economy Shows New Signs of Growth, but Jobs Still Lag The U.S. economy ended a year of contraction in the third quarter, expanding by 3.5 percent. While much of the growth is being attributed to President Obama's $787 billion stimulus plan, critics continue to ask, when will jobs return?… Continue watching
Oct 26 Why Doesn't the Govt. Sponsor Jobs Programs Like Those During the Depression? Question: Why doesn’t the government sponsor jobs programs similar to those by Roosevelt during the Great Depression, such as rebuilding infrastructure, building new energy grids, alternative transportation, a decent bus system or train system? Paul Solman: But that’s what the… Continue reading
Oct 21 Stimulus Bill Data Offer Glimpse of Effectiveness Americans and government watchdogs are getting their first glimpse at the results of the massive economic stimulus package heralded by President Barack Obama soon after taking office. Continue reading