Feb 12 New Jobless Claims Drop; Retails Sales Up Slightly By Admin, PBS News Hour Government reports show the number of new jobless benefit claims dropped to a seasonally adjusted 623,000, from 631,000 the previous week, while U.S. retail sales jumped 1 percent in January, reversing a six-month downward trend. Continue reading
Feb 11 Watch Detroit Program Aims to Provide Job Training, Hope in Tough Times Eleanor Josaitis co-founded the Detroit program Focus: Hope more than three decades ago to provide job training and other opportunities to the city's residents. With the U.S. mired in a recession and the auto industry future uncertain, her group is… Continue watching
Feb 11 Watch Congress Strikes Tentative $789B Deal on Stimulus Plan Congressional leaders announced that they have reached a deal on a stimulus plan Wednesday -- although talks continued late in the day on the bill's final details. The Hotline's Amy Walter discusses the negotiations and Jeffrey Brown reports on the… Continue watching
Feb 09 Watch Obama Makes Case to Nation for Stimulus Plan President Barack Obama gave a prime-time press conference Monday to make his case to the public for an economic stimulus plan and to respond to other policy issues. Following is the text of Mr. Obama's prepared statement and the full… Continue watching
Feb 09 Watch Recession’s Effects Batter New York School District The Peekskill, N.Y., public school district is suffering from the deepening recession's ripple effects, which will force administrators to cut student bus services, teachers' positions and arts programs. Special correspondent John Tulenko of Learning Matters reports. Continue watching
Feb 06 Watch Shields and Brooks Mull Stimulus Debate, Obama’s Next Policy Steps Columnists Mark Shields and David Brooks discuss the tough debate on Capitol Hill over the stimulus bill, the tax trouble that ended Tom Daschle's Cabinet nomination and how President Obama is faring so far. Continue watching
Feb 06 Watch Gloomy Job Numbers Signal New Woes for Economy U.S. employers cut 598,000 jobs in January, bringing the unemployment rate to 7.6 percent, in another sign of the deepening recession. It was the worst one-month job loss since 1974. Continue watching
Feb 06 Employers Slash 598,000 Jobs in January By Admin, PBS News Hour U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession. Continue reading
Feb 06 Toyota Forecasts $5 Billion Fiscal Year Loss By PBS News Hour The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs. Continue reading
Feb 02 Consumer Spending Drops in December While Savings Rates Increase By PBS News Hour Consumers cut spending for a sixth straight month in December and, heeding the impact of the recession-laden economy, boosted their savings rates to the highest level since May, according to the latest round of government reports. Continue reading