Dec 11 What is the "Real Economy"? Question/Comment: I’m confused by the term “real economy.” Lots of people are using it, but no one has explained it that I can find. It’s something different than what Wikipedia defines as not the “virtual economy.” What’s going on?… Continue reading
Dec 08 Markets See Early Lift on Infrastructure, Auto Bailout Plans By Admin, PBS News Hour U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama's plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit's Big Three automakers may be near. Continue reading
Dec 05 The Economy, Your Pocketbook and the Recession Paul Solman: Forgive me for not responding to questions for a few days, but among other things, I’ve been trying to analyze the results of poll posted here recently: How is the Economy Affecting Your Pocketbook? Click on “Comments”… Continue reading
Nov 13 New Jobless Claims Nearly Hit Post-Sept. 11 Level By PBS News Hour After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks. Continue reading
Oct 23 Greenspan Calls Financial Crisis a 'Credit Tsunami' By PBS News Hour In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come. Continue reading
Oct 03 Employers Slash 159,000 Jobs in September By Admin, PBS News Hour Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession. Continue reading
Sep 05 Unemployment Rate Jumps to Five-Year High By Admin, PBS News Hour The nation's unemployment rate rose to a five-year high of 6.1 percent in August, according to a new Labor Department report, as employers continued to cut jobs in a troubled economy. Continue reading
Aug 01 U.S. Employers Cut 51,000 Jobs in July By Admin, PBS News Hour The U.S. unemployment rose to its highest level in four years in July as employers slashed 51,000 jobs, according to a Labor Department report released Friday. Continue reading
Jun 06 Unemployment Rate Jumps to 5.5% in May By Admin, PBS News Hour The nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months. Continue reading
May 02 Labor Dept. Report Shows Fewer Jobs Lost in April By Admin, PBS News Hour Employers cut fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, the Labor Department announced Friday. Continue reading