unemployment

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'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

(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
 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

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
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
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%
 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

(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%
 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
 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

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
 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

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!'
 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
 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
 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

(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

(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...

Global Plunge Panics Economists

Markets dive worldwide as new figures point to intractable slowdown

(Newser) - The markets' global plunge yesterday was testament to a new, scary fact, writes the Washington Post: the world economic crisis is getting even worse. New figures show the economies of Japan, Britain and Germany contracting at their fastest in decades, while emerging markets like Russia and Brazil are tanking, and...

Mugabe Buys Secret $5.8M Hong Kong Getaway

Prez spends lavishly as Zimbabwean economy implodes

(Newser) - While his country battles massive inflation, unemployment and cholera, Zimbabwe President Robert Mugabe has secretly bought a $5.8 million residence in Hong Kong, the Times of London reports. His wife recently spent some $80,000 on Vietnamese statues and $12,500 on a bag. When she recently discussed a...

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