Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 7, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: unemployment

unemployment stories: 309 news summaries

1 - 20 of 309 Stories | 1 2 3 4 5 ... 16 Next >>

Switch to grid view »

MARKETS

 Dow Up 17 as 
 Jobs Stats Stall Stocks 

Stock indexes finish week up 3%

Nov 6, 09 3:09 PM CST
(Newser) - Stocks rose slightly today after analysts upgraded GE—a striking sign of confidence, given the troubles at its finance arm over the previous year. But any enthusiasm was tempered by the news that unemployment hit 10.2% in October, the highest level since 1983.
  • The Dow rose 17.46
... More »

MORE ABOUT:
Dow Jones • General Electric • unemployment • Nasdaq • S&P 500 • jobless • unemployment rate

megan mcardle

Expect Unemployment
to Keep Rising

Companies still aren't sold on a long-term recovery

Nov 6, 09 11:33 AM CST
(Newser) - Anyone hoping that today's worse-than-expected news of 10.2% unemployment means we've hit rock bottom is going to be disappointed, writes Megan McArdle . "This figure is likely to get worse before it gets better." Companies need more proof of a long-term recovery before committing to new hires. In... More »

MORE ABOUT:
recession • unemployment • economy • recession depression • jobless • unemployment rate

 Unemployment Jumps to 10.2% 

Companies cut 190,000 jobs last month

Nov 6, 09 7:50 AM CST
(Newser) - Unemployment cracked the 10% barrier last month, as 190,000 workers lost their jobs, according to Labor Department figures released today. The bigger-than-expected losses bring the rate to 10.2%, a 26-year high. And the underemployment rate, which includes would-be full-timers working part time and those who've given up looking... More »

MORE ABOUT:
recession • unemployment • Department of Labor • payrolls • economy • underemployment • unemployment rate

PAUL KRUGMAN

Dems Will Regret Not Being Bolder on Economy

Voter backlash is about failure to lower unemployment

Nov 6, 09 6:48 AM CST
(Newser) - Paul Krugman doesn't buy the GOP conclusion that voters Tuesday rejected the Obama agenda. The election just showed that American voters are worried about their jobs, he writes, and this time next year, with unemployment still high, Democrats will likely regret not having been bolder on the economy when... More »

MORE ABOUT:
recession • unemployment • US economy • Paul Krugman • economic stimulus package • Obama administration • President Obama • election day November 2009

ROBERT REICH

Hey Blue Dogs, We Need a Second Stimulus

Rising unemployment makes it essential

Nov 4, 09 5:51 PM CST
(Newser) - The ever-worsening employment situation demands a second stimulus, writes former Labor Secretary Robert Reich . Yes, the first stimulus is only half-spent, but the remaining programs won’t affect mounting job losses. Blue Dog Democrats, worried about the deficit and 2010 elections, will be hard-pressed to support a second round, but... More »

MORE ABOUT:
Barack Obama • employment • deficit • unemployment • Robert Reich • Blue Dog Democrats

ANALYSIS

US GDP Jump Hollow if Unemployment Keeps Rising

... and it's still rising faster than before recession

Oct 29, 09 8:07 PM CDT
(Newser) - News that the US gross domestic product jumped 3.5% in the third quarter cheered investors and others, but the cheers will ring hollow if unemployment keeps rising, John Authers writes. Consumer spending rose even as disposable income fell—“ not a pattern that can be sustained for long, and... More »

MORE ABOUT:
recession • unemployment • consumer spending • economic stimulus package • consumer confidence index • US gross domestic product • financial crisis • Cash for Clunkers • disposable income

 SC Hopes Its Dumb Pols 
 Don't Hurt Economy, Too 

Jokes are bad, but Sanford, Wilson messes could scare off more business

Oct 21, 09 7:41 PM CDT
(Newser) - The fact that two of its more prominent politicians—Gov. Mark Sanford and Rep. Joe Wilson—are the butt of recent political jokes is no laughing matter in South Carolina, where memories of the fight over flying the Confederate flag are still scaring off business and tourism. The firestorm around... More »

MORE ABOUT:
South Carolina • unemployment • Confederate flag • political scandal • Mark Sanford • financial crisis • Joe Wilson

 Pay Cuts: America's New Norm 

Nine straight months of declining pay sets new record

Oct 14, 09 7:49 AM CDT
(Newser) - In previous recessions, layoffs were the principal way for employers to cut costs—pay cuts were seen as demoralizing and a sure-fire way to lose workers to other jobs. But now pay cuts, sometimes in the form of demotions or shortened workweeks, are more common than at any time since... More »

MORE ABOUT:
wages • recession • unemployment • pilot • furlough • pay cut

 Economy Sparks 
 Record Military 
 Recruitment 

Bleak employment, bonuses boost numbers to highest level since draft ended

Oct 14, 09 3:41 AM CDT
(Newser) - The recession has helped boost the US military to its best recruitment year since the post-Vietnam switch to an all-volunteer force. Recruiters hit or exceeded all their targets for the first time since 1973, surprising even Pentagon officials. In addition to rising unemployment, recruiting was helped by bonuses, a recruiting... More »

MORE ABOUT:
Army recruiting • US military • recruitment • US Army • unemployment • military recruits • Defense Dept

MARKETS

 Dow Up 61 on 
 Strong Earnings 

Weekly unemployment claims fall to lowest level since January

Oct 8, 09 3:14 PM CDT
(Newser) - Stocks closed below their session highs but still finished in positive territory after Alcoa set a strong tone for the third-quarter earnings season. The firm posted a $77 million profit after the bell yesterday. Also helping was good news on the jobs front, with last week’s initial claims for... More »

MORE ABOUT:
Dow Jones • Alcoa • unemployment • Nasdaq • S&P 500

Tax Breaks for New Jobs
Gain Bipartisan Support

But some dismiss move as 'corporate welfare'

Oct 7, 09 7:46 AM CDT
(Newser) - Support is building in Washington for the idea of giving companies tax breaks when they hire new workers. President Obama’s economic team has been exploring the possibility for weeks, and lawmakers on both sides of the aisle like the idea of helping unemployed constituents. “There’s a lot... More »

MORE ABOUT:
unemployment • Robert Reich • tax breaks • corporate tax cuts • Obama administration • payroll taxes • Eric Cantor

OPINION

 Put New 
 Stimulus 
 to Work for 
 Unemployed 

Painful 'new normal' isn't good enough

Oct 7, 09 2:08 AM CDT
(Newser) - Economists are buzzing about a "new normal" of higher unemployment and wage stagnation post-recession, but Americans shouldn't resign themselves to a mediocre economy, writes Harold Meyerson. Downturns triggered by banking crises usually cause higher rates of unemployment for longer periods than normal downturns, but the cycle can be broken... More »

MORE ABOUT:
recession • unemployment • US economy • New Deal • economic stimulus package • job creation

 Obama Mulls 
 Tax Cuts, 
 Spending to 
 Goose Economy 

Grim jobs outlook spurs talks on new stimulus measures

Oct 6, 09 5:52 AM CDT
(Newser) - The Obama administration is examining new ways to boost the economy amid troubling unemployment statistics. The White House and Democratic leaders in Congress are considering strategies that include new transportation spending and an extension of tax credits for first-time homebuyers and small businesses struggling with operating losses. A proposal to... More »

MORE ABOUT:
employment • recession • unemployment • US economy • economic stimulus package • Obama administration

ANALYSIS

 Many Jobs Are Gone Forever 

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

Oct 5, 09 2:28 PM CDT
(Newser) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions... More »

MORE ABOUT:
health care • employment • recession • unemployment • job • job creation • green jobs • recession depression

Despite Layoffs, High-Paying Jobs Go Unfilled

Employers can't find nurses, engineers, energy researchers

Oct 5, 09 9:21 AM CDT
(AP) - In a brutal job market, here's a task that might sound easy: Fill jobs in nursing, engineering and energy research that pay $55,000 to $60,000, plus benefits. Yet even with 15 million people hunting for work, even with the unemployment rate nearing 10%, some employers can't find enough... More »

MORE ABOUT:
unemployment • engineers • nursing • skilled labor

(Newser) - A rough milestone on the jobless front: The average length of time it takes to find a job—26.2 weeks—now exceeds the standard length of unemployment benefits—26 weeks. That's first time it's happened since the Labor Department began keeping stats 60 years ago, reports Bloomberg. The bit... More »

MORE ABOUT:
recession • unemployment • jobless claims • unemployment benefits • jobless • unemployment rate

piling on

 GOP Revels in US Setbacks 

1-2 punch of job stats, Olympic decision gets a third stage

Oct 2, 09 2:15 PM CDT
(Newser) - From worse-than-expected unemployment numbers to Chicago’s foiled Olympic bid, today was a lousy day for America, but Republicans reacted as if Christmas had come early. Soon after the jobs numbers hit, Glenn Thrush of Politico got a slew of GOP press releases. “Rep. Mike Pence literally hit the... More »

MORE ABOUT:
Newt Gingrich • Republican • Mike Pence • Chicago • GOP • 2012 London Olympics • Republican Party • unemployment • Olympic Games • Chicago Olympics • International Olympic Committee • Olympics • IOC

MARKETS

 Dow Falls 34 
 Ahead of Jobs Data 

Dow still on track for best quarter in 10 years

Sep 29, 09 3:16 PM CDT
(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to... More »

MORE ABOUT:
Dow Jones • consumer confidence • employment • unemployment • Nasdaq • Conference Board • S&P 500 • consumer confidence index

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

Sep 27, 09 4:40 PM CDT
(AP) - Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in... More »

MORE ABOUT:
taxes • retirement • disability • deficit • unemployment • baby boom • Social Security • budget deficit • retirement benefits

 Jobless Outnumber Jobs, 6-1 

Ratio hits worst level since recording began in 2000

Sep 27, 09 10:38 AM CDT
(Newser) - Even as the US pulls out of the recession, the ranks of the out-of-work have swelled to 14.5 million people, leaving six jobless people vying for every available job—the worst ratio since the Labor Department began keeping track in 2000. "There's too much uncertainty out there,"... More »

MORE ABOUT:
unemployment • US economy • jobless

1 - 20 of 309 Stories | 1 2 3 4 5 ... 16 Next >>


from our news partners