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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: unemployment

unemployment stories: 320 news summaries

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TALK SHOW ROUNDUP


 Biden: Obama 
 Team 'Misread' 
  the Economy 

Colin Powell 'concerned' by Obama's spending

Jul 5, 09 11:00 AM CDT
(Newser) - Joe Biden conceded today that the Obama administration “misread” how bad the economy actually was and that now the unemployment rate is “much too high,” The Hill reports. In an interview taped in Iraq with This Week, the vice president also said the US doesn’t intend... More »

MORE ABOUT:
Iraq • Iran • Barack Obama • Israel • Joe Biden • North Korea • unemployment • economy • Sarah Palin • Obama administration • financial crisis

Ex-Autoworkers Retool for Lower Paying Jobs

Industry vets remake themselves as truck drivers, nurses' aides

Jul 4, 09 7:42 AM CDT
(Newser) - Hundreds of thousands of ex-autoworkers left adrift by the industry's implosion are having to learn new skills and get used to lower pay, the Washington Post reports. Community colleges in the auto industry's heartland are jam-packed with midlife workers aiming to qualify quickly to become truck drivers, computer technicians or... More »

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Michigan • unemployment • training • auto industry • auto worker

OPINION

 Top 5 States of Confusion 


Jul 3, 09 12:14 PM CDT
(Newser) - It’s not easy being an elected official in a time of crisis, but a select few governors are having a particularly tough time. And some of them are even trying to get reelected. Politico looks at the 5 worst-off states:
  • California: No surprise here. The state's issuing
... More »

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California • Arizona • Jon Corzine • New Jersey • New York • Arnold Schwarzenegger • Michigan • recession • unemployment • Jennifer Granholm • state legislature • budget deficit • David Paterson • Jan Brewer

OPINION

We're Doomed Without
Another Stimulus: Krugman

Jobs report offers scary echoes of 1930s stagnation

Jul 3, 09 7:35 AM CDT
(Newser) - Yesterday's grim jobs report is the clearest sign yet that the US desperately needs another fiscal stimulus, writes Paul Krugman in the New York Times. This is 1930s redux: a Democratic president has pushed through an insufficient program, while strapped state governments cancel out federal spending with their own budget... More »

MORE ABOUT:
Barack Obama • recession • unemployment • deflation • Paul Krugman • economic stimulus package • Great Depression • job • Christina Romer

ANALYSIS

Bleak Jobs Report Raises Red Flags on Recovery

Weak labor market expected to cause longer recession

Jul 3, 09 5:54 AM CDT
(Newser) - So much for those so-called green shoots of recovery. Yesterday's worse-than-expected unemployment report has far more red flags of warning on the jobs front, writes Moira Herbst in BusinessWeek. Among them: the average work week shrank to 33 hours, the lowest on record; hourly earnings remained flat; long-term unemployment rose... More »

MORE ABOUT:
employment • recession • unemployment • employment report • job

MARKETS

 Dow Falls 223 on Jobs Data 


Jul 2, 09 3:35 PM CDT
(Newser) - Stocks posted losses today, soured all session by worse-than-expected June employment data, the Wall Street Journal reports. With unemployment up a tenth of a percent to 9.5%  and wages remaining stagnant, investors have little to be optimistic about. The Dow lost 223.32 to settle at 8,280.74.... More »

MORE ABOUT:
Dow Jones • wages • unemployment • Nasdaq • payrolls • S&P 500 • jobless

MARKET Open

 Stocks Plummet on Jobs Data 


Jul 2, 09 8:46 AM CDT
(Newser) - Stocks tumbled at the open today after a worse-than-expected drop in June payroll figures, the Wall Street Journal reports. The Dow sunk 135 points, while the Nasdaq and S&P fell 1.8% and 1.6%, respectively. The economy shed 467,000 non-farm jobs in June; economists had predicted... More »

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

June Jobless Rate Hits
9.5%, a 26-Year High

363K job cuts predicted

Jul 2, 09 8:17 AM CDT
(AP) - Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5% and suggesting that the economy's road to recovery will be bumpy. The Labor Department report released today, which shows 100,000 more jobs shed than expected, indicates that even... More »

MORE ABOUT:
recession • unemployment • job cuts • economy

Looking for Work? Better Have a Job Already

Another hurdle for job-seekers as unemployment nears 10%

Jun 30, 09 2:30 PM CDT
(Newser) - Finding a job when unemployment is at 9.4% is hard enough. But the recently laid-off have another hurdle to contend with: Many employers are most interested in attracting candidates who are still working, the Wall Street Journal reports. “If they’re employed in today’s economy, they have... More »

MORE ABOUT:
layoffs • employment • recession • unemployment • job search • recruiting • job application • recession depression • jobless

ANALYSIS

 Why GOP Sees Hope for 2010 

GOP could mount a comeback, if it plays smart

Jun 24, 09 10:34 AM CDT
(Newser) - They got an electoral thumping in 2006 and did no better in 2008, but Republicans may be getting their groove back. The GOP is still polling at record lows, and the Ensign scandal won’t help the party buck its reputation for moral hypocrisy. Yet, Politico reports, the opposition is... More »

MORE ABOUT:
Barack Obama • Congress • politics • deficit • Republican Party • unemployment • John Ensign • Republican strategy • political scandal • 2010 election

 Welfare Rolls Soar 
 Along With Unemployment 

Many make shift as jobless benefits run out

Jun 22, 09 7:48 AM CDT
(Newser) - Welfare rolls are on the rise nationwide for the first time since President Clinton signed a bill overhauling the system in 1996, the Wall Street Journal reports. Welfare recipients’ ranks fell in some areas at the beginning of the recession, but now 23 of the 30 biggest US states are... More »

MORE ABOUT:
Bill Clinton • Clinton administration • unemployment • jobless claims • unemployment benefits • welfare • food stamps • public assistance • jobless • welfare reform

Mont. City Wants Facebook Password From Job-Seekers

Mont. city requires applicants to give access to social networking accounts

Jun 20, 09 5:47 PM CDT
(Newser) - Job applicants for the city of Bozeman, Mont., had better be prepared to submit their passwords for social networking sites like Facebook, MySpace, and Twitter. A miffed applicant emailed Montana's News Station about the practice, which City Attorney Greg Sullivan quickly defended. "We do those types of investigations to... More »

MORE ABOUT:
social networking • Montana • privacy • Facebook • unemployment • Twitter • job application

Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle
for portion of debt

Jun 16, 09 8:25 AM CDT
(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers... More »

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bankruptcy • debt • unemployment • credit card • HSBC • settlement • payments • banks • credit card accounts • delinquency

(Newser) - Economists think the US unemployment rate will stay above 9% through 2010, the Wall Street Journal survey finds. Accordingly, those in the know believe the Federal Reserve will hold interest rates down at least through spring. “For real people, there is no recovery until the unemployment rate stabilizes,”... More »

MORE ABOUT:
inflation • Ben Bernanke • Federal Reserve • recession • unemployment • Treasury Department • survey • Obama administration • Timothy Geithner • interest rates • economists • economic recovery

Zuma's First Big Test:
South Africa's 23% Jobless

At 23.5%, unemployment keeps nation locked in poverty

Jun 11, 09 8:01 AM CDT
(Newser) - South Africa is facing its first post-apartheid recession, and unemployment has hit 23.5%—a punishing figure that has ended the honeymoon of its new president, Jacob Zuma. Many who voted for Zuma have never had a job at all and are desperate for work, Celia Dugger reports for the... More »

MORE ABOUT:
Africa • South Africa • recession • unemployment • trade unions • Jacob Zuma • Poverty in South Africa • economic crisis

 Report Seeks More 
 Bank Stress Tests 

First round may have underestimated unemployment

Jun 9, 09 8:52 AM CDT
(Newser) - The US should run a second round of bank stress tests if it turns out the government was overly optimistic about the economy in the first round, says a report to be presented to Congress today. The Congressional Oversight Panel, which monitors the bailout, applauded the tests thus far, but... More »

MORE ABOUT:
Congress • recession • bank • unemployment • economy • report • stress tests • Elizabeth Warren

OPINION

Obama's 'Jobs Saved' Claims Are Pure Hokum

Ex-Bushie: Media won't call White House on its unmeasurable metric

Jun 9, 09 8:46 AM CDT
(Newser) - President Obama confidently declared yesterday that the stimulus plan had already “saved or created” 150,000 American jobs and would “save or create” another 600,000 by this summer. Which is pretty surprising, former Bush official William McGurn writes in the Wall Street Journal, because the economy’... More »

MORE ABOUT:
Bush administration • employment • unemployment • Tony Fratto • economic stimulus package • job • Obama administration • President Obama • William McGurn

MARKETS

 Dow Ends Big Week Up 13 


Jun 5, 09 3:15 PM CDT
(Newser) - The markets stalled today even as the Dow flirted with its peak for the year, the Wall Street Journal reports. An early rally on better-than-expected job loss data lost steam on news that the unemployment rate itself grew to its highest since 1983. And insiders aren’t sure that... More »

MORE ABOUT:
NASDAQ • New York Stock Exchange • Dow Jones • unemployment • job cuts • S&P 500 • job • financial data • energy sector

(AP) - The unemployment rate jumped to 9.4% in May, the highest in more than 25 years. But the furious pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September. If laid off workers who have given up looking for new jobs or have settled for part-time... More »

MORE ABOUT:
recession • unemployment • Department of Labor • jobless claims • economy

MARKETS

 Dow Up 75 on Jobless Data 


Jun 4, 09 3:11 PM CDT
(Newser) - Markets edged up today on good unemployment claims and productivity data, the Wall Street Journal reports. But traders appear to be holding out for tomorrow’s employment report, and the rising price of oil continues to worry. “We have to hope it doesn't go to $80,” one... More »

MORE ABOUT:
stock market • NASDAQ • New York Stock Exchange • Dow Jones • unemployment • productivity • S&P 500 • oil prices

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