unemployment

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Men Protest Economy With 'Recession Beards'

Trend could actually mark return of clean-shaven faces

(Newser) - Some newly unemployed men are willing to take it on the chin—literally. The “recession beard” has emerged as the new act of “playful rebellion” against being a “corporate slave,” Esquire’s grooming editor—who also works for Norelco—tells Advertising Age. Despite the trend, the...

Stocks Flat After Jobs Data
 Stocks Flat After Jobs Data 
MARKETs open
Apr 3, 2009 8:48 AM CDT

Stocks Flat After Jobs Data

(Newser) - Stocks ran out of gas at the open today, as investors digested a grim jobs report. The Dow and S&P were essentially flat, the Wall Street Journal reports, while the Nasdaq inched higher, on strong earnings from Research in Motion. The BlackBerry maker posted a 26% gain in earnings...

Unemployment Hits 8.5%, Highest in 25 Years

(Newser) - Another punishing month of job losses in March has pushed unemployment to a 25-year-high of 8.5%, the Labor Department said today. Total job losses for the 16-month recession have now passed 5 million. Nonfarm payrolls fell 663,000 in March, which mostly matched analyst estimates, the Wall Street Journal...

Record 32.2M Get Food Stamps

(Newser) - More than 32 million people in the US are now receiving food stamps—a full tenth of the population, Reuters reports. The record enrollment in January marks the third time in 5 months the total has increased. Numbers rose in all but four states. Recipients got an average of $112....

Stimulus Deadline Looms for Skeptical SC Gov. Sanford

As fiscal situation worsens, SC governor's stimulus refusal draws ire

(Newser) - South Carolina Gov. Mark Sanford has until Friday to choose between the philosophical and the fiscal as the deadline to accept $700 million in federal stimulus money approaches, the Wall Street Journal reports. Sanford wants authority over the funds, earmarked for education and public safety, and has pledged to refuse...

Recession's Victims Overwhelm Libraries

Surge in jobseekers, homeless, and crime stresses out library staff

(Newser) - Libraries that once worried about staying relevant are finding themselves on the front line of the recession, the New York Times reports. Attendance has surged as the newly unemployed—some of whom can't read or write or navigate the Internet—use facilities to write resumés and search for jobs,...

Stocks Dive on Jobs Report
 Stocks Dive on Jobs Report 
MARKET Open
Apr 1, 2009 8:42 AM CDT

Stocks Dive on Jobs Report

(Newser) - A worse-than-expected jobs report sent stocks tumbling at the open today. The Dow careened down 125 points, while the S&P and Nasdaq sunk 1.8% and 1.9%, respectively. The private sector lost 742,000 jobs in March, according to a new ADP report. Investors were also nervous about...

Report: 742K Jobs Cut in March

(Newser) - US employers cut an estimated 742,000 jobs in March, a larger drop than expected, Bloomberg reports. The figure, from a report based on private payroll data, comes days before the Labor Department is expected to make a similar announcement. If the numbers prove accurate, it would mean that employers...

Braille Read by Less Than 10% of Blind Americans

(Newser) - Less than 10% of blind Americans know how to read Braille, and just 10% of blind children are being taught the printed language, the AP reports. A study by the National Federation of the Blind also pegs Braille illiteracy to unemployment. While the blind population faces 70% unemployment overall, that...

This Rally May Be the Real Deal
 This Rally May Be the Real Deal 
OPINION
Mar 26, 2009 9:07 AM CDT

This Rally May Be the Real Deal

Positive indicators, better policy, historical benchmarks; the time is right for a bottom

(Newser) - The tentative rally on Wall Street is reason enough for one economist to feel hopeful: "I’m ready to take another shot at calling the bottom," writes Michael Mandel in BusinessWeek. Since (apparently) bottoming out March 9, stocks have risen 20%, and the reasons behind the climb are...

Working at Home Could Boost Layoff Risk, Some Fear

'Trend toward flexibility' makes about-face in rough economy

(Newser) - Workers who once had the flexibility to work from home are sticking to the office, worried that less “face time” could make them layoff targets, the Washington Post reports. To some women, the shift appears to be a step backward as pressure builds to “work as many hours...

Sweden to Saab: Tough Luck
 Sweden to Saab: Tough Luck 
Mar 23, 2009 8:34 AM CDT

Sweden to Saab: Tough Luck

The G.M.-owned Swedish automaker seeks a buyer to save itself

(Newser) - As governments around the world have propped up their automobile companies, typically paternalistic Sweden has answered Saab’s plea for help with an unexpected reply: “No.” No bailout, no takeover. The town of Trollhattan in southwest Sweden now faces economic catastrophe akin to Detroit’s decline as its...

RI Strip Club Hosts Job Fair
 RI Strip Club Hosts Job Fair 
Mar 20, 2009 12:22 PM CDT

RI Strip Club Hosts Job Fair

Establishment hopes to attract 'new faces' to adult industry

(Newser) - A prominent Rhode Island strip club is betting that long spells of unemployment will attract newcomers to the adult entertainment industry, the Providence Journal reports. The Foxy Lady is even hosting a job fair tomorrow, looking to hire up to 25 new dancers, bartenders and bouncers. Unemployment in Rhode Island...

New Jobless Claims Fall More Than Expected

But continuing claims at record high for 8th straight week

(Newser) - New jobless claims fell more than expected last week, but continuing claims set a new record for the eighth straight week and few economists expect the labor market to improve anytime soon. The Labor Department says the tally of initial requests for unemployment insurance dropped to a seasonally-adjusted 646,000...

In Job Hunt, Tech Boosts Old-School Networking

Sites like Monster aren't getting people jobs

(Newser) - The best way to get back into the workforce is both time-tested and cutting-edge: networking. Facebook, LinkedIn, and even Twitter are taking the place of the old-fashioned phone call, Farhad Manjoo writes for Slate: "The most forward-looking job seekers have all but abandoned job-listing sites in favor of...

Teen Uses YouTube to Help Dad

14-year-old's video a heartfelt tribute to his dad

(Newser) - When Mark Gullett lost his job as a marketing executive for the Tampa Bay Lightning, his son Ben, 14, knew what to do. He made a somber YouTube video in which he told Mark’s story in short sentences on poster boards. Now, after only 6 days, the video has...

Volunteer Boom Becoming a Burden

Charities overwhelmed by would-be free workers

(Newser) - As more people lose jobs, they’ve got hours to fill—and many are turning to volunteer work, looking to do good and perhaps network, the New York Times reports. But organizations have been so flooded that many have had to put would-be helpers on waiting lists—and for some,...

In Barren Job Market, to Get a Job, Create One

Recession becomes the mother of invention for would-be businesspeople

(Newser) - New businesses are sprouting up across America as unemployed people running out of time and money decide that the only way to get a job is to create one, the New York Times reports. Economists say now is the time in the downturn cycle when "forced entrepreneurship" starts,...

Texas Gov. Rejects $556M Stimulus for Jobless

Perry says coverage for unemployed would 'drown' businesses

(Newser) - The governor of Texas has rejected $556 million in federal stimulus money for the state's unemployed, saying yesterday it had too many strings attached, reports the Dallas Morning News. Rick Perry, a Republican, said that the federal rules would burden Texas businesses with new commitments; instead they should be able...

Unemployment Hits 10% in 4 States

California, Michigan, South Carolina and Rhode Island lead jobless statistics

(Newser) - Four states—California, South Carolina, Michigan, and Rhode Island—registered unemployment rates above 10% in January, and the national rate is expected to hit double digits by year-end. The US Labor Department's report on state unemployment, released today, showed the increasing damage inflicted on workers and companies from a recession...

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