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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: unemployment

unemployment stories: 320 news summaries

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Credit Cards
Cut Deadbeats More Slack

With unemployment rising, companies modify, reduce debt

Sep 10, 09 9:15 AM CDT
(Newser) - With unemployment nearing 10%, credit card companies are doing something once unheard of: forgiving debt, or modifying it in the customer’s favor, the Washington Post reports. Companies are loathe to discuss the practice, lest it inspire more delinquencies, but according to one industry report, roughly 3 million people... More »

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unemployment • credit card • interest rate • consumer debt • financial crisis • loan modification

OPINION

Forget Health Reform—We Can't Afford It

The economy should
be Obama's top priority: Henninger

Sep 10, 09 8:50 AM CDT
(Newser) - Barack Obama makes health care sound like the most pressing issue in American life, but with unemployment at 10% and the country still officially in recession, Daniel Henninger wonders why he's "draining a dwindling reservoir of presidential capital." The cost of health care may be a problem for... More »

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health care • Barack Obama • health care costs • recession • unemployment • US economy • health care reform • economy • Obama administration • Wall Street bailout • TARP

In Recovery, Business Will Profit at Workers' Expense

Short-term outlook 'great for business, terrible for households'

Sep 5, 09 9:18 AM CDT
(Newser) - The economy is slowly improving, but companies will see the benefits long before the unemployed and underemployed will, Bloomberg reports. A Department of Labor report released yesterday found that the average workweek is at a near-record low of 33.1 hours. The lack of uptick in part-time hours is an... More »

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economic growth • recession • unemployment • US economy • Department of Labor • US employment • underemployment

 Teen Unemployment 
 Hits Record 25% 

Expert sees teenagers jobless for a 'long, long, long, long time'

Sep 5, 09 6:45 AM CDT
(Newser) - The teen jobless picture is the bleakest since the government started tracking the statistic 60 years ago, the New York Times reports. The rate hit 25.5% last month, nearly triple the rate among other workers. Analysts say teens are getting squeezed out of the workplace by college graduates, unable... More »

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employment • recession • unemployment • youth • teenager

MARKETS

 Dow Up 97 on Aug. Jobs Data 

Indices post declines for the week

Sep 4, 09 3:26 PM CDT
(Newser) - Traders focused on positive aspects of today's August unemployment report—declining job losses—rather than the upward revision in total jobless numbers, sending stocks higher, the Wall Street Journal reports. General Electric led advancing stocks on the Dow with a 3.35% gain. The Dow rose 96.66 points to... More »

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Dow Jones • General Electric • unemployment • Nasdaq • S&P 500

(Newser) - The US lost 216,000 jobs last month, driving unemployment to 9.7%, its highest level since 1983, the Wall Street Journal reports. The silver lining is that job losses have slowed; payrolls dropped a revised 276,000 in July, and earlier months saw losses of as many as... More »

MORE ABOUT:
economic indicators • unemployment • Department of Labor • payrolls

 Survey Finds 
 Unemployed 
 'Traumatized' 

Two thirds of Americans who have lost jobs experience depression

Sep 3, 09 7:40 AM CDT
(AP) - The recession has left many jobless workers struggling to cope with the psychological stress, a new study finds. Researchers at Rutgers University said the financial strain that comes with being out of work, combined with the daunting task of seeking new employment in a difficult job market, has left many... More »

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health care • depression • recession • unemployment • job market • trauma • recession depression

MARKETS

 Dow Slips 30 on Jobs Data 

Rise in materials stocks offsets jobs news

Sep 2, 09 3:23 PM CDT
(Newser) - Stocks closed with modest losses today as advances in materials stocks helped offset disappointing data on jobs, the Wall Street Journal reports. The private sector shed 298,000 jobs in August, more than forecast. The materials sector of the S&P 500, however, advanced as gold futures hit a 3-month... More »

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Dow Jones • unemployment • Nasdaq • S&P 500 • gold prices

 Jurors Dodge Duty 
 Amid Financial Fears 

Citizens point to recession, unemployment in bid for dismissal

Sep 2, 09 10:20 AM CDT
(Newser) - Jury duty has always been a pain, but the tough economy is prompting more and more Americans to ditch their civic responsibility, the New York Times reports. While exact figures aren’t available, officials report that jurors increasingly cite financial worries in bids to get out of duty. “I... More »

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recession • unemployment • jury • jury duty • juror • jury selection

States Pass on Stimulus Money for Unemployed

$3.1B sitting unused in federal coffers

Aug 31, 09 11:01 AM CDT
(Newser) - More than $3.1 billion in stimulus money earmarked for the unemployed is idling in federal coffers, USA Today reports, because 23 states haven’t expanded their unemployment benefits in order to qualify. Another 350,000 workers could receive benefits if they did, according to one worker advocacy group.... More »

MORE ABOUT:
Rick Perry • unemployment • unemployment benefits • economic stimulus package

(Newser) - We job-obsessed Americans like to say we work like dogs, but over in Russia they call it "working like Americans," notes Stephen Marche in Esquire, where he probes the "insane" American addiction to work. It's a habit we may finally break, but only thanks to soaring unemployment.... More »

MORE ABOUT:
The Office • unemployment • work addiction • job • workplace

 Jobless Rates Jump in 26 States 

16 states' unemployment at least 10%

Aug 21, 09 2:05 PM CDT
(Newser) - Jobless rates climbed in 26 states last month, suggesting employment recovery will be slow and governors may face worsening budget woes, Bloomberg reports. Unemployment in California, Georgia, Rhode Island, and Nevada was at its highest since record-keeping started in 1976. While California’s rate rose from 11.6% to 11.... More »

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California • Georgia • US states • unemployment • Nevada • Rhode Island • jobless

 Job-Rich N. Dakota 
 Lures the Unemployed 

State jobless rate is 4.2%

Aug 14, 09 2:37 PM CDT
(Newser) - North Dakota, not usually known for much other than open space, has suddenly become a job-seeker's paradise. The state of just over 640,000 has 9,000 open jobs and employs a recruiter who works full-time to lure workers, the Washington Post reports. "In North Dakota, it is pretty... More »

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unemployment • North Dakota • job search • recruiting • call center

Analysis

Economy Is Only
Recovering on Paper


Aug 12, 09 9:03 AM CDT
(Newser) - If you’re the glass-half-full type, recent economic indicators look good: Unemployment fell last month, the savings rate is up, and productivity hit a 6-year high. But that same data proves that ordinary people aren’t likely to feel the good vibrations anytime soon, the Washington Post reports. “... More »

MORE ABOUT:
economic indicators • recession • unemployment • productivity • economy • financial crisis • recession depression

Analysis

Unemployment Will Probably Miss 10%: Silver


Aug 10, 09 11:52 AM CDT
(Newser) - Lots of economists are predicting that unemployment, which at last count hung at 9.4%, will hit 10% before the calendar changes, but Nate Silver of FiveThirtyEight.com disagrees. For that to happen, the economy would need to lose another million jobs or so, and "the jobs picture is... More »

MORE ABOUT:
unemployment • job market • shrinking workforce • labor market • economy • Nate Silver

(Newser) - President Barack Obama asked Americans to put no stock in "outlandish rumors" that health care reform will "promote euthanasia, or cut Medicaid, or bring about a government takeover of health care," in his weekly radio and Internet address today. "That's simply not true." Politico noted... More »

MORE ABOUT:
health care • recession • unemployment • US economy • health care reform • employment report • President Obama • radio address

MARKETS

 Jobs Lift Stocks; Dow Up 114 

Unemployment report fuels rally

Aug 7, 09 3:15 PM CDT
(Newser) - Good news about the labor market fueled a rally in stocks today, the Wall Street Journal reports. Slowing declines in payrolls and a 0.1% drop in unemployment—both figures beat expectations—elevated investor sentiment. AIG jumped 22.2% after reporting a $1.8 billion quarterly profit. The Dow gained... More »

MORE ABOUT:
Dow Jones • unemployment • Nasdaq • AIG • payrolls • job market • S&P 500 • job

(Newser) - Job losses slowed more than expected last month, and unemployment fell from 9.5% to 9.4% in its first dip since April 2008, the Labor Department announced today, marking another strong positive sign for the economy. Payrolls fell by 247,000, a big improvement over the 443,000 lost... More »

MORE ABOUT:
unemployment • US economy • payrolls • jobless claims • financial crisis

(Newser) - For many unemployed Americans, a new trend is keeping the prospect of a new job out of reach: detailed credit checks of prospective employees. Once used mostly for government positions, cheap credit checks are now routine at private employers seeking to cull huge applicant pools. Businesses say they're just... More »

MORE ABOUT:
recession • unemployment • credit • job market • credit score • jobless

MARKETS

 Dow Off 25 Ahead of July Jobs 

Monthly unemployment report will show recovery's progress

Aug 6, 09 3:38 PM CDT
(Newser) - Stocks closed lower today ahead of a July unemployment report due tomorrow, the Wall Street Journal reports. Procter & Gamble weighed on the Dow with a 4.7% decline, over doubts about its sales strategy. The Dow fell 25 points to close at 9,256. The Nasdaq lost 20 points,... More »

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

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