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
Apr 15 Watch Other News: Markets Rise on New Signs of Growth In the day's other news, the stock market rose on new signs of life in the recession-weary economy and Somali pirates unsuccessfully tried to attack another U.S. ship. Continue watching
Apr 15 Consumer Prices Fall in March on Energy Costs By Admin, PBS News Hour Consumer prices fell in March, the government reported Wednesday, indicating that weakened demand for goods and services during the economic downturn has kept a damper on energy and food costs. Continue reading
Apr 03 Watch Jobless Rate Climbed to 8.5 Percent in March The latest report from the Labor Department showed the unemployment rate climbed to 8.5 percent in March. Christine Owens, executive director of the National Employment Law Project, offers insight on the numbers. Continue watching
Apr 02 Watch Other News: Jobless Claims Rise; FDA May be Allowed to Regulate Tobacco Products The Labor Department reported another increase in new jobless claim benefits, and the House voted to give the Food and Drug Administration authority to regulate tobacco products for the first time. Continue watching
Mar 17 New Home Construction Jumps as Wholesale Prices Edge Up By PBS News Hour The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units. Continue reading
Mar 06 Watch Unemployment Rate Climbs to 8.1% in New Sign of Deepening Recession The Labor Department reported Friday that the U.S. unemployment rate hit 8.1 percent, its highest rate in 25 years. Ray Suarez reports on the latest employment numbers, reaction from the White House and the impact on Wall Street. Continue watching
Jan 29 Stimulus Package Goes to Senate as Signs of Economic Downturn Continue By Admin, PBS News Hour The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn. Continue reading
Jan 22 Microsoft Cuts 5,000 Jobs As New Unemployment Claims Rise By Admin, PBS News Hour In another sign of how bad the economy is getting for even the biggest companies, Microsoft Corp. announced Thursday that it is cutting 5,000 jobs over the next 18 months. Continue reading