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Why Unemployment Will Hit 11 Percent
20 hours ago ago from MunKnee.com
The economy has been losing jobs for 23 months, and it's still not clear when that gruesome trend will turn around. Yet the stock market is skyrocketing, and investors are telling themselves that stocks are a leading indicator, so a vigorous recovery must be right around the corner. Unfortunately, that corner keeps slipping further into the future. By Rick Newman; www.usnews.com; Words: 743 Economists have been heralding a turnaround for ...
Related contentGeithner Expects U.S Job Growth by Spring
21 hours ago ago from BloggingStocks
U.S. Treasury Secretary Tim Geithner said he's expecting net, monthly U.S. job growth to resume by spring. "Most economists would say that, by the spring, we'll have positive job growth," Geithner said in an interview Wednesday on ABC's "Good Morning America," while adding that it's unlikely there was any job growth in December. Geithner also emphasized that the U.S. economy is "growing, it's getter better, getting stronger," while ...
Related contentWSJ: Recession Alters Migration Patterns in the U.S.
10 hours ago ago from Fund My Mutual Fund
One little discussed point we spoke of in 2008 was how the "underwater" effect would be an impediment to the normal patterns seen both in previous recessions and the following recoveries. We harped on this last srping as well. [ Apr 23, 2009: As More Homes Fall Underwater, Trapped Americans Cannot Migrate ] Migration around the U.S. slowed to a crawl last year, especially for this decade's boom towns , as a weak housing market and job ...
Related contentBlack men hit hard by unemployment in Milwaukee - washingtonpost.com
20 hours ago ago from Equity Training and Development Team
Black men hit hard by unemployment in Milwaukee - washingtonpost.com : ...At this moment, Milwaukee is a hauntingly jobless place for African Americans, who are more likely to be out of work than whites, Hispanics or Asian Americans. It's a reality reflected in the Matthews home, where Radolph's wife, Daniela, is the family's provider. His mother-in-law is disabled. His wife's sister has a newborn and is unemployed, and his wife's brother, ...
Related contentThe Bleak Job Market
22 hours ago ago from Work Home Union
This is an Editorial from the NY Times called "Wanted: Leadership on Jobs" (after you read it, and understand how bleak the job market is, go to WorkHomeUnion and apply for one of the 40+ Virtual Office Positions listed - for free). By every meaningful measure, the weak job market deteriorated further in September. Federal stimulus spending has prevented an even worse decline. But that is cold comfort for the tens of millions of working men ...
Related contentRelated News
Wyo. jobless rate holds relatively steady in Nov.
3 hours ago ago from U.S. News
Wyo. jobless rate holds relatively steady in Nov. CHEYENNE, Wyo. (AP) -- The Wyoming Department of Employment reports that the state's seasonally adjusted unemployment rate stayed about the same from October to November. The rate dropped 0.2 percentage points to 7.2 percent in November. Senior Economist David Bullard says that's not a statistically significant change, but it's better than the climbing unemployment Wyoming experienced in ...
Related contentTexas Leads U.S. in Population Growth Since Recession Began
6 hours ago ago from Politics Daily
More Americans have moved to Texas since the recession began in 2008 than any other state, according to a new estimate released Wednesday by the U.S. Census Bureau. The Lone Star State's population grew by 478,000 in the 12-month period from July 1, 2008 to July 1, 2009, putting it well ahead of California, which saw 381,000 new residents, and North Carolina, which picked up 134,000. "Let's be clear: Texas is having a recession like the ...
Related contentOklahoma sets unemployment claims record in 2009
3 hours ago ago from U.S. News
Oklahoma sets unemployment claims record in 2009 OKLAHOMA CITY (AP) -- Oklahoma has paid out more than $575 million in unemployment claims so far this year, a record as the number of jobless in the state remains near a 21-year high, a spokesman for the Oklahoma Employment Security Commission said Wednesday. Spokesman John Carpenter said that last week, the state paid $23.72 million in benefits on 74,814 jobless claims, down slightly from ...
Related contentBlack men hit hard by unemployment in Milwaukee
14 hours ago ago from Washington Post - Business
MILWAUKEE -- Radolph Matthews was taught that hope starts at home. He followed the path his strict father set out and checked all the right boxes. But there he was last week on his way to cash an unemployment check -- $388. He ran the numbers through his head -- $200 for the cellphone bill, $60 for gas for the truck and the rest for food for nine people. This Story I thought, I got my MBA, I'm set. I graduated with ...
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