Harry Reid offers the nation a mephitic Senate health-care bill that retains the worst features of Nancy Pelosi’s creation and adds fresh horrors of its own: It will force Americans to finance abortions and jack up some Americans’ Medicare taxes by 34...
State government budget problems have been a well-publicized element of the nation’s ongoing economic crisis. Less remarked upon has been a lower-profile meltdown: the nation’s soon-to-be ugly local government fiscal mess. And now it’s time to tune in.
A private forecast of economic activity over the next six months edged up less than expected in October, signaling slow, bumpy growth next year. The Conference Board said Thursday that its index of leading economic indicators rose 0.3 percent last month.
Recovery in developed economies will accelerate next year due to "substantial improvements" in financial markets and fast-growing Asian countries, but is likely to remain fragile, the Organization for Economic Cooperation and Development said Thursday...
The number of newly laid-off workers seeking unemployment insurance was unchanged last week, while those continuing to claim benefits dipped.
California’s unemployment rate climbed to 12.5 percent in October. That’s up slightly from the month before, and the highest it’s been since World War II.
Syndicated columnist Mark Shields and Washington Post columnist Michael Gerson, who is also a senior research fellow at the Institute for Global Engagement, break down the biggest stories of the week, including health care reform moves in Congress and...
U.S. In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.
The jobless rate in October rose to 8.3-percent, up from 8.2-percent in September. In the Houston area, the unemployment rate remained unchanged at 8.5-percent. Veronica Downey is a labor market analyst for the Texas Workforce Commission.
Ohio's unemployment rate has gone up for the first time in three months, to 10.5 percent in October from 10.1 percent in September.
DETROIT -- The U.S. government resettled Mazen Alsaqa in Massachusetts in February. Within a month, the Iraqi refugee moved to Michigan. It wasn't that Alsaqa disliked Worcester, Mass. But he never thought twice about staying. Even though the U.S. Full Article at Miami Herald
Detroit Mayor Dave Bing is struggling to save his city from fiscal calamity. Unemployment is at a record 28 percent and rising, while home prices have plunged 39 percent since 2007. Full Article at MSNBC
With unemployment now above 10 percent, consumers are being careful with their extra cash (if they have any), and dropping cash on plane tickets is pretty difficult. Hey, that's why more people are driving this year than in the past. Full Article at Gadling
DETROIT (AP) - The U.S. government resettled Mazen Alsaqa in Massachusetts in February. Within a month, the Iraqi refugee moved to Michigan. It wasn't that Alsaqa disliked Worcester, Mass. But he never thought twice about staying. Even though the U.S. Full Article at KIVITV.com
October seems to have been a good month for consumer spending. Unemployment is holding consumers back, but it isn't keeping wallets clamped shut. A Bloomberg survey reveals that purchases grew 0.5% last month, based on the thoughts of 61 economists. Full Article at Blogging Stocks
They are told about national unemployment numbers and rates and about the regional ones, and the fact that finding jobs these days is highly competitive especially in areas such as Detroit as a result of layoffs in the auto industry
I don't see this recession as being anything comparable to the 25 to 50 percent unemployment we had during the Great Depression
not done anything to take this state out of its economic and social backwardness ... Poverty and unemployment had driven some people of this area to turn into Naxalites.
We have faced, again, this onslaught of filibusters and delaying tactics by the Republicans. That it would take four weeks for us to extend unemployment benefits in the worst recession since our Great Depression is an indication of the extremes that the Republican Senate leadership has gone to.
This is from an administration that said if the stimulus bill were enacted, (national) unemployment would not exceed 8 percent. We're currently at 10.2 percent.