Paul Solman looks at the faces and places that illustrate the realities of the recession and Jeffrey Brown talks to experts about its impact on jobs.
Unemployment jumped to 9.7 percent in August, but new data shows job cuts have slowed. Ray Suarez speaks with a financial expert about the labor market and economic recovery.
By Quinn Bowman
U.S. employers shed 216,000 jobs in August, increasing the unemployment rate to 9.7 percent, the highest level since 1983.
In other news, firefighters have contained approximately 40 percent of a massive wildfire burning through Southern California, and Vice President Joe Biden defended the federal stimulus program, saying it has helped create or save as many as 750,000 jobs.
A Blue Dog Democrat congressman speaks with his Idaho constituents about the ongoing health care reform debate. Betty Ann Bowser reports.
The government is ending its popular 'Cash for Clunkers' program two months early due to dwindling funds. Jeffrey Brown speaks with an automotive journalist about its impact on the auto industry and the economy.
With the economy showing hints of a recovery, the threat of inflation is testing policy makers at the Federal Reserve as they work to determine how quickly to unwind emergency moves taken during the height of the financial crisis. Paul…
Ben Bernanke offered a hopeful forecast for the U.S. economy Friday, saying "prospects for a return to growth in the near term appear good." Economists weigh in on the outlook.
The government will end its popular "cash for clunker" incentive program on Monday, two months early, because of dwindling funds. David Shepardson, Washington bureau chief for the "Detroit News," speaks with Jim Lehrer about the program.
Question: Is the stimulus working? Paul Solman: Hard to argue otherwise, if what you mean is: Would things be worse right now if there were no stimulus? In the long run, maybe the stimulus will be seen as just having…
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