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Stories related to: unemployment

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Stories 21 - 40 of 49

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  • February 2008

    • Stocks Tumble on Weak Data

      newser  |  Bloomberg  |  Feb 28, 08 3:56 PM CST

      Stocks Tumble on Weak Data

      Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P 500 12.34 points to 1,367.68. The government said GDP grew by 0.6% last quarter, below analysts' estimates. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • inflation  • interest rate  • unemployment  • GDP  • bank failure

    • Fed Sees Slower Growth, Higher Unemployment

      newser  |  New York Times  |  Feb 20, 08 6:58 PM CST

      Fed Sees Slower Growth, Higher Unemployment

      The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices rising, putting the Fed in a tricky spot as it weighs another rate cut against fears of inflation. More »

      Tags

      US economy  • Federal Reserve  • recession  • Ben Bernanke  • inflation  • interest rate  • unemployment

    • As US Job Growth Stalls, an Era Ends

      newser  |  BusinessWeek  |  Feb 4, 08 10:47 AM CST

      As US Job Growth Stalls, an Era Ends

      Workers who’ve lost a job are having a tougher time finding a new one as the economy contracts, marking an end to more than a decade and a half of rapid, sometimes phenomenal, US job growth, writes Business Week’s Peter Coy. The loss of 17,000 jobs in January, the first monthly decline since August 2003, raised concerns about job creation as well as recession. More »

      Tags

      US economy  • unemployment  • job

    • Looking for a Real Recession? Try Japan

      newser  |  Washington Post  |  Feb 2, 08 3:18 PM CST

      Looking for a Real Recession? Try Japan

      While economists squabble over a possible US recession, Japan has quietly slipped into one. The country’s postwar riches have all but vanished, the Washington Post reports, as its GDP tumbles from fourth to twentieth among the world’s countries and its share of the world’s economy dips from 18% in 1994 to below 10% in 2006. More »

      Tags

      Japan  • recession  • Toyota  • unemployment  • manufacturing  • GDP  • Yasuo Fukuda  • Shinzo Abe  • foreign investment  • Japanese economy  • Japanese auto industry  • Junichiro Koizumi

    • Recession Fears Mount as Jobs Drop Unexpectedly

      newser  |  Wall Street Journal  |  Feb 1, 08 9:27 AM CST

      Recession Fears Mount as Jobs Drop Unexpectedly

      Nonfarm payrolls declined 17,000 in January, the first monthly loss of US jobs since August 2003. The surprising loss—in manufacturing, construction, financials, and government—seems to vindicate aggressive action by the Fed, the Wall Street Journal reports. The number, which had been expected to climb by 75,000 jobs, raised both recession worries and hopes for yet another Fed rate cut. More »

      Tags

      Federal Reserve  • unemployment  • manufacturing  • construction  • payrolls

  • January 2008

    • US to You: $600 Check's in Mail

      newser  |  CNN  |  Jan 24, 08 10:39 AM CST

      US to You: $600 Check's in Mail

      Congress today announced an economic stimulus package that would put a $600 check in every American taxpayer's mailbox by early summer, sources tell CNN, and a likely $300 per child. The refunds are "there to strengthen the middle class, to create jobs and to turn this economy around," said Nancy Pelosi in announcing the deal this afternoon. More »

      Tags

      Congress  • recession  • unemployment  • Social Security  • economic stimulus package  • economic stimulus  • tax breaks

    • Needing Win, Romney Attacks McCain in Mich.

      newser  |  Chicago Tribune  |  Jan 12, 08 6:45 PM CST

      Needing Win, Romney Attacks McCain in Mich.

      After huge cash infusions won him second place in Iowa and New Hampshire, Mitt Romney is seizing on hopes for economic—and campaign—rejuvenation in his home state of Michigan, the Chicago Tribune reports. In a GM plant where 200 workers were just laid off, Romney attacked policies today that have let jobs disappear "again and again and again"—part of his strategy in a state where 7.4% are out of work. More »

      Tags

      John McCain  • Mitt Romney  • US economy  • Michigan  • unemployment  • Michigan primary

    • Goldman Predicts Recession

      newser  |  NPR  |  Jan 10, 08 12:31 PM CST

      Goldman Predicts Recession

      Goldman Sachs is predicting that the economy will slide into a recession this year—which has Wall Street worried, because Goldman’s been right about everything else. The investment firm forecasts a mild pullback extending over two quarters, driving up already-growing unemployment. “If we don't get job growth we don't get income growth, we don't get consumer spending, and we do get a recession,” another firm’s economist told NPR. More »

      Tags

      US economy  • Federal Reserve  • recession  • inflation  • Goldman Sachs  • unemployment  • interest rate cut  • consumer spending

    • Bad Jobs Data Trigger Freefall

      newser  |  Wall Street Journal  |  Jan 4, 08 3:37 PM CST

      Bad Jobs Data Trigger Freefall

      The worst employment-growth report since August 2003 sent the markets into a nosedive today, with the Dow ending the day off 256.54 to 12,800.18. Only 18,000 non-farm jobs were added in December, the Wall Street Journal reports, and the unemployment rate rose to 5.0%, its highest level in 2 years. The Nasdaq plummeted 98.03 to 2,504.65; the S&P lost 35.53 to 1,411.63. More »

      Tags

      S&P 500  • Nasdaq  • recession  • Dow Jones  • Intel  • unemployment

    • Unemployment Rises, May Spur Rate Cut

      newser  |  Wall Street Journal  |  Jan 4, 08 9:03 AM CST

      Unemployment Rises, May Spur Rate Cut

      The labor market took a hit in December, with the jobless rate hitting a two-year high and payroll increases falling well short of predictions. Nonfarm payrolls rose just 18,000, much less than both November’s 115,000 and the 50,000 prognosticators expected. The gloomy numbers increase the odds that the Fed will cut rates for the fourth straight time later this month, the Wall Street Journal reports. More »

      Tags

      US economy  • Federal Reserve  • unemployment  • job

  • December 2007

    • Durable Goods Numbers Disappoint; Businesses Fret

      newser  |  Bloomberg  |  Dec 27, 07 11:07 AM CST

      Durable Goods Numbers Disappoint; Businesses Fret

      Durable good sales rose just 0.1% in November, a lower-than-expected bump after October’s 0.4% drop, Bloomberg reports. Analysts had forecast a 3% rise. Take out transportation, including stellar airline sales, and sales fell 0.7%.  It’s another sign the economy is slowing down and businesses are being cautious, economists said. One predicted that industrial production could soon turn negative. More »

      Tags

      Boeing  • unemployment  • manufacturing  • jobless claims  • durable goods

    • Oil Slips Under $88 as US Economy Fuels Concern

      newser  |  Associated Press  |  Dec 10, 07 6:26 AM CST

      Oil Slips Under $88 as US Economy Fuels Concern

      Weaker than anticipated US job growth reported Friday helped extend a decline in crude oil prices today, with futures dipping below $88 on Asian markets, reports the AP. Fears of a slowing economy and reduced demand are driving the decline. Investors had bet better employment figures would prompt the Fed to cut rates a half point, rather than an anticipated quarter point, when they meet tomorrow, continuing to weaken the dollar and strengthen oil prices. More »

      Tags

      oil price  • gas prices  • oil  • crude oil  • unemployment

    • Stocks Even to Close Week

      newser  |  MarketWatch  |  Dec 7, 07 3:50 PM CST

      Stocks Even to Close Week

      The markets ended mostly even today as mixed data and anticipation of next week’s Fed meeting kept investors cautious. Given the suspense over a potential rate cut, “who is going to make a big bet now?” asked one strategist. The Dow closed up 5.69 at 13,625.58, the Nasdaq fell 2.87 to 2,706.16, and the S&P 500 dropped 2.68 to 1,504.66. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • unemployment  • interest rate cut  • consumer confidence

  • November 2007

    • WH Pares 2008 Economic Forecast, Hikes Jobless Rate

      newser  |  Associated Press  |  Nov 29, 07 12:30 PM CST

      WH Pares 2008 Economic Forecast, Hikes Jobless Rate

      The White House cut back its expectations for 2008 economic growth today and said unemployment rates are likely to worsen, citing the housing slump. GDP will grow only by 2.7% next year, down from an earlier 3.1%, said officials from Treasury and the Council of Economic Advisers; and the jobless rate is expected to hit 4.9%, worse than the previous forecast of 4.7%. More »

      Tags

      housing market  • inflation  • Henry Paulson  • unemployment  • GDP  • Treasury Department  • Council of Economic Advisers

    • Consumer Confidence Plummets

      newser  |  Bloomberg  |  Nov 27, 07 11:27 AM CST

      Consumer Confidence Plummets

      Consumers were a gloomy group in November, when housing and job woes drove the consumer confidence index down to a level not seen since October 2005, when Hurricane Katrina’s aftermath loomed large. “This is a strong indication that consumer spending growth is going to slow sharply,” one economist tells Bloomberg. More »

      Tags

      unemployment  • consumer confidence  • consumer confidence index

    • Subprime Woes Hit New York Law Firms

      newser  |  Bloomberg  |  Nov 21, 07 10:52 AM CST

      Subprime Woes Hit New York Law Firms

      The continuing mortgage crisis and tightening credit markets are claiming a new batch of victims: Lawyers. Layoffs at Clifford Chance, the world's highest-grossing law firm, have started, Bloomberg reports, and up to 5% of salaried associated at New York law firms may get the ax as work on mergers, acquisitions and private equity deals slows down. Experts say they’re the first major cuts since the technology bubble burst in 2001. More »

      Tags

      US economy  • subprime mortgages  • unemployment  • lawyer  • attorney

    • Twice as Many South Africans Now Subsisting on $1 a Day

      newser  |  BBC  |  Nov 13, 07 3:10 AM CST

      Twice as Many South Africans Now Subsisting on $1 a Day

      The number of South Africans living on less than $1 a day has more than doubled in a decade since shortly after the end of apartheid, reports the BBC. Some 4.2 million people managed to eke out a living on a daily buck in 2005, according to a report of the latest statistics by the South African Institute of Race Relations. Officials attribute the upsurge in poverty to raging unemployment—as high as 26%—and the HIV/AIDS epidemic. More »

      Tags

      unemployment  • HIV/AIDS  • Jacob Zuma  • Poverty in South Africa  • South African elections

    • Jobs Get Surprise October Bump

      newser  |  Bloomberg  |  Nov 2, 07 10:25 AM CDT

      Jobs Get Surprise October Bump

      Job growth in October was unexpectedly robust, with the addition of 166,000 jobs doubling projections and easing recession fears. Analysts had predicted an increase of only 85,000 jobs; one economist said the surprise figure “will increase the Fed's conviction that it should keep rates unchanged” for months to come, Bloomberg reports. The unemployment rate held steady at 4.7%. More »

      Tags

      housing market  • Chrysler  • unemployment  • wages  • payrolls

  • October 2007
  • September 2007

    • Surfers Riding Welfare Wave

      newser  |  BBC  |  Sep 23, 07 11:10 AM CDT

      Surfers Riding Welfare Wave

      Getting surfers off the beach and into the job market is a top priority for Australia's  conservative government. The country is enjoying its lowest unemployment rate in years, just above 4%, but it seems a disproportionate number of those receiving welfare benefits live in sunny coastal areas with more opportunities for catching waves than jobs, the BBC reports. More »

      Tags

      US economy  • Australia  • unemployment  • surfing  • unemployment benefits

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