Dec 22 Why Ease Credit, But Not Increase Wages? Question/Comment: A basic truth in economics is that wages drive demand. Yet for the last 30 years wages have been stagnant or decreasing. Why do I hear only talk of easing credit, not increasing wages? Easy credit is what caused… Continue reading
Dec 17 Watch Colo. Project Teaches Job, Life Skills to Help Women Combat Poverty Armed with $500 worth of beans, two women founded a non-profit group in Denver to empower impoverished women by teaching them workplace skills and providing jobs to the chronically homeless and unemployed. Spencer Michels reports. Continue watching
Dec 11 U.S. Unemployment Claims Hit 26-Year High By Admin, PBS News Hour More than 570,000 people filed initial applications for jobless benefits during the first week of December, the highest one-week filing rate in 26-years, the Labor Department said Thursday. Continue reading
Dec 05 Watch Economy's Stumbles, Obama's Cabinet Top Week's News Columnists David Brooks and Ruth Marcus weigh the news of the week, including rising job losses, the auto industry bailout and President-elect Barack Obama's latest Cabinet picks. Continue watching
Dec 05 Watch Soaring Job Losses May Signal Deepening Recession U.S. employers cut 533,000 jobs in November, the most in 34 years, pushing the unemployment rate to 6.7 percent. Columnist Steven Pearlstein and economist Lakshman Achuthan examine what the new job figures indicate. Continue watching
Dec 02 Watch Governors Press Their Case for Economic Recovery Plan President-elect Barack Obama met with state leaders at the National Governors Association conference Tuesday to help shape an economic recovery plan. A panel of governors describes how states are handling the financial downturn. Continue watching
Nov 27 Watch Food Banks Face Shortages in Economic Downturn Food banks and charities around the country are experiencing shortages as the economy continues to slide. In a two-part report, Tom Bearden examines how food banks are faring and Ray Suarez talks to analysts about the rising number of Americans… Continue watching
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… 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