unemployment – News Stories About unemployment - Page 33

Texas Gov. Rejects
$556M Stimulus for Jobless

Mar 13, 2009 6:26 AM CDT

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

Mar 11, 2009 1:56 PM CDT

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...

'Hidden Homeless'
Turn to Motels

Mar 11, 2009 9:48 AM CDT

'Hidden Homeless' Turn to Motels

Recession forces middle-income families into uncomfortable new quarters

(Newser) - As the economy leaves people without the income they need to afford a mortgage or monthly rent, more and more families find themselves checking into motels for indefinite stays. While they may be a step above homeless shelters, motels bring with them a unique set of problems as long-term stopgaps,...

Real 'Cheers'
Bartender Laid Off

Mar 10, 2009 2:14 PM CDT

Real 'Cheers' Bartender Laid Off

(Newser) - For 35 years, Eddie Doyle has been the most famous bartender at Boston’s most famous bar, pouring drinks, signing autographs, and raising more than $1 million for charity along the way. Now, he’s unemployed. Cheers, the bar that inspired the TV show of the same name, has laid...

Laid-Off, Many Turn to Blogging

Mar 10, 2009 1:30 PM CDT

Laid-Off, Many Turn to Blogging

Recently laid-off vent, share leads online

(Newser) - As layoffs soar, job seekers are turning to blogs to connect with others in the same boat and share their adventures in unemployment, the Wall Street Journal reports. For many professionals, blogging helps make sense of the sudden changes a layoff brings. "It's difficult to see your own progress,...

Lost Your Job?
Turn to Those
You Kind of Know

OPINION

Mar 9, 2009 11:40 AM CDT

Lost Your Job? Turn to Those You Kind of Know

Acquaintances can be road to success in tough times

(Newser) - In the professional world, it’s all about who you sort of know, especially when times are hard, Gregory Rodriguez writes in the Los Angeles Times. Job losses may make people withdraw from their friends, but during a recession, acquaintances are the ones who count, often helping pave the way...

Stimulus Not Big Enough to Save Us: Krugman

OPINION

Mar 9, 2009 9:53 AM CDT

Stimulus Not Big Enough to Save Us: Krugman

Obama's economic policy is falling behind the curve

(Newser) - Pundits are constantly complaining that Barack Obama’s stimulus is too big and too ambitious, but Paul Krugman has a different complaint: It’s too small. Obama’s promise that the bill will create or save 3.5 million jobs by 2010 “looks underwhelming to say the least,”...

We May Need a Bigger Stimulus, Say Analysts

OPINION

Mar 7, 2009 12:35 PM CST

We May Need a Bigger Stimulus, Say Analysts

(Newser) - The lousy unemployment numbers released this week—and they're bound to get worse before they get better—cast the effectiveness of the Obama administration’s fiscal plans into doubt, analysts say. The stimulus package intended to “save or create” 3.5 million jobs now has to keep up with...

Broader Jobless
Rate Near 15%

ANALYSIS

Mar 6, 2009 1:04 PM CST

Broader Jobless Rate Near 15%

Economy shedding jobs at fastest rate in 50 years

(Newser) - The February job numbers released today bring the country close to the employment nadir it reached in 1982, David Leonhardt writes for the New York Times. The 651,000 lost jobs, along with 161,000 added in revisions to previous months, still bring a depressing milestone: Since the start of...

Obama Vows to
End Cycle of
Job Losses

Mar 6, 2009 11:36 AM CST

Obama Vows to End Cycle of Job Losses

(Newser) - President Barack Obama promised today to end the cycle of US job losses. Addressing a graduating class of police officers in Ohio, Obama called today’s unemployment report “astounding,” noting that, were it not for his stimulus package, the recruits would be among the 8.1% of Americans...

Unemployment Leaps to 8.1%

Mar 6, 2009 7:54 AM CST

Unemployment Leaps to 8.1%

(Newser) - Unemployment hit 8.1% in February, its highest level since late 1983, as employers cut 651,000 jobs, the government said today. That’s worse than the 7.9% analysts predicted, thanks to revised numbers from January and December that were much worse than originally reported. December’s revised loss...

China's Rally Sends Stocks Up

MARKET Open

Mar 4, 2009 8:38 AM CST

China's Rally Sends Stocks Up

(Newser) - Stocks surged at today’s open, tracking a huge rally in China, the Wall Street Journal reports. The Dow climbed 100 points, while the S&P and Nasdaq each added 1.8%. That followed a more than 6% leap in the Shanghai Composite, on strong manufacturing data and stimulus discussion....

As Jobs Dry Up, Wannabe
Lifeguards Head to Surf City

Mar 2, 2009 10:33 AM CST

As Jobs Dry Up, Wannabe Lifeguards Head to Surf City

California's unemployed turn to jobs once held by teens

(Newser) - Huntington Beach, Calif., might be more famous for hosting surfing competitions, but the crowds lined up on the sand yesterday were there looking for work, reports the Los Angeles Times. The economic downturn has buoyed interest in $16-per-hour lifeguard positions, summer jobs once dominated by bronzed teenagers and college students.

1 in 10 Jobless in California

Feb 28, 2009 10:43 AM CST

1 in 10 Jobless in California

(Newser) - California’s jobless rate soared to 10.1% in January, the highest in more than 26 years, the Los Angeles Times reports. Some 1,863,000 are unemployed in the state after 79,300 lost their jobs last month. On top of the usual culprits such as manufacturing and retail,...

Unemployed Furious at Contrarian Govs

Feb 27, 2009 2:21 PM CST

Unemployed Furious at Contrarian Govs

Constituents fear losing out on stimulus dollars over politics

(Newser) - Opposing the stimulus’ expansion of unemployment benefits may be good PR, but there’s one constituency it’s not playing well with: unemployed people. “It just seems unreasonable,” one jobless Texan tells the New York Times, “that when people probably need the help the most, that because...

Mr. T to Unemployed: 'Man Up!'

Feb 27, 2009 10:30 AM CST

Mr. T to Unemployed: 'Man Up!'

(Newser) - Feeling the recession depression? Not sure how you’re going to make ends meet? Mr T has some advice for you: “Man up,” the Mirror reports. The professional tough guy, who said he was in London to show Brits how to be a man, added, “If you...

Jobs, GM Can't Knock Stocks

MARKET Open

Feb 26, 2009 8:50 AM CST

Jobs, GM Can't Knock Stocks

(Newser) - Stocks headed north early, with the Dow up 93 points, despite bleak economic data and a $9.6 billion loss from GM. Jobless claims unexpectedly leaped last week, with total claims topping 5 million for the first time, while durable goods orders sunk 5.2% in January. But JPMorgan rose...

Seniors Scrambling for Work

Feb 23, 2009 1:37 PM CST

Seniors Scrambling for Work

(Newser) - The recession is hitting elderly workers much harder than in the past, thanks to an increase in the number of older workers—especially those over 75—and a severe shortage of jobs, the Wall Street Journal reports. In past recessions, these workers just retired; now, they're scrambling to find a...

Dentists Feel No
Pain in Recession

Feb 19, 2009 1:51 PM CST

Dentists Feel No Pain in Recession

(Newser) - Clenched jaws abound during this recession, and a combination of stress-related damage and layoff victims rushing to be treated before they lose their insurance is helping keep dentistry afloat as the economy dives. Dentist's offices last year reported the highest profit margins of any industry, including top moneymakers like accounting...

Fed Sees Little
Relief for Jobless

Feb 18, 2009 6:28 PM CST

Fed Sees Little Relief for Jobless

(Newser) - The Federal Reserve warned today that the nation's economy is even worse than thought and predicted it would deteriorate throughout 2009. The Fed's bleak estimates indicated that unemployment could climb as high as 8.8 percent this year and that the economy would contract for a full calendar year for...