unemployment – News Stories About unemployment - Page 38

Oct 9, 2008 7:39 AM CDT

Unemployment Funds Could Dry Up

Growing ranks of jobless stressing states' abilities to help

(Newser) - At least 10 states have less than six months worth of unemployment benefit reserves and could run out of cash early in 2009, reports CNN. The national unemployment level is currently at 6.1%—the highest since 2001—and is expected to keep climbing. Economists say states should have packed...

Jobless Exec
Slaughters Family

Oct 7, 2008 4:07 AM CDT

Jobless Exec Slaughters Family

Cops link murder-suicide to stock market crash

(Newser) - An unemployed financial manager shot dead his entire family and himself in their San Fernando Valley home, the Los Angeles Times reports. Officers found the bodies of the man, his wife, his mother-in-law, and their three sons, ages 19, 12, and 7, after concerned family friends contacted police. The man,...

Consumers Squeezed, Spending Stalls

Oct 3, 2008 10:45 AM CDT

Consumers Squeezed, Spending Stalls

As prices rise, wages fall and unemployment jumps, spending growth has stalled

(Newser) - The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%...

Employers Cut Payrolls at Fastest Rate
in 5 Years

Oct 3, 2008 8:22 AM CDT

Employers Cut Payrolls at Fastest Rate in 5 Years

Some 159,000 positions disappear

(Newser) - Employers slashed payrolls by 159,000 in September, the most in more than 5 years and a worrisome sign that the economy is hurtling toward a deep recession. Today's snapshot also showed the nation's unemployment rate held steady at 6.1% as hundreds of thousands of people streamed out of...

Dow Reels on Economic Fears

MARKETS

Oct 2, 2008 3:43 PM CDT

Dow Reels on Economic Fears

Bailout progress fails to inspire confidence in equities

(Newser) - Stocks fell sharply today as political progress on the bailout failed to encourage traders who were absorbing poor jobs and manufacturing data, MarketWatch reports. The Dow lost 348.22 and closed at 10,482.85, the Nasdaq shed 92.68 to 1,976.72, and the S&P 500 fell...

As Economy Sinks,
Lottery Sales Soar

Sep 13, 2008 10:50 AM CDT

As Economy Sinks, Lottery Sales Soar

Consumers tightening belts don't scratch their lottery spending

(Newser) - As the economy falters, one thing people aren’t cutting back on is lottery tickets, the New York Times reports. In fact, higher unemployment rates usually mean higher lottery sales, says one study, and sales are hitting record highs in at least 22 states. “With companies tightening and not...

Stocks Mixed; Down For Week

MARKETS

Sep 5, 2008 3:26 PM CDT

Stocks Mixed; Down For Week

Sliding oil again fails to move markets worried over unemployment

(Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the...

Unemployment Rate Hits
5-Year High of 6.1%

Sep 5, 2008 8:43 AM CDT

Unemployment Rate Hits 5-Year High of 6.1%

Factory workers hit hardest as unforeseen fall in jobs stuns economy

(Newser) - Jobless figures came in worse than expected today, sending the unemployment rate to a nearly five-year high of 6.1%, Bloomberg reports. The US lost 84,000 jobs in August, the eighth straight month of declines, raising the specter of a worsening economic slowdown. The jump in unemployment, which was...

Global Stocks Down as US
Job Losses
Rattle Markets

Sep 5, 2008 2:00 AM CDT

Global Stocks Down as US Job Losses Rattle Markets

Employers may have shed 75,000 posts

(Newser) - Stocks fell in Europe and Asia today, marking the worst weekly slump in 6 years, according to the MSCI World Index. Markets were depressed by grim news expected in the latest US employment report due out this morning, reports Bloomberg. Economists predict figures will show a US loss of 75,...

Jobs, Sales Send Stocks Diving

MARKETS

Sep 4, 2008 3:34 PM CDT

Jobs, Sales Send Stocks Diving

Dow off 344 as investors grow more worried about economy's health

(Newser) - The markets plummeted today amid poor jobs data and mixed retail sales, MarketWatch reports. Falling oil futures again failed to stimulate stocks as energy increasingly looks like a victim, not a perpetrator, of the economic slump. The Dow fell 344.65 to close at 11,188.23. The Nasdaq lost...

GDP Grew More in Q2
Than First Reported

Economy

Aug 28, 2008 12:06 PM CDT

GDP Grew More in Q2 Than First Reported

Commerce Department revision shows healthier growth

(Newser) - GDP growth was higher than initially reported in the second quarter, the Wall Street Journal reports. Commerce Department revisions put the increase at a seasonally adjusted 3.3% annual rate—the original estimate was 1.9%. Businesses decreased their inventories less than previously thought. At the same time, exports rose...

Jobless Claims Hit 6-Year High

Economy

Aug 7, 2008 11:00 AM CDT

Jobless Claims Hit 6-Year High

Mounting layoffs lead to surprise jump in claims, report says

(Newser) - The number of newly laid off Americans signing up for jobless benefits last week unexpectedly climbed to its highest point in more than 6 years as the faltering US economy forced companies to cut back. The Labor Department reported today that new applications filed for unemployment rose by 7,000...

US Jobless Rate Rises to 5.7%,
4-Year High

Economy

Aug 1, 2008 9:17 AM CDT

US Jobless Rate Rises to 5.7%, 4-Year High

Employers cut 51,000 jobs in July, 463,000 this year

(Newser) - The unemployment rate in the US climbed to a 4-year high of 5.7% in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work. Payroll cuts weren't as deep as the 72,000 predicted by economists, however, and job...

New Purdue Grad Hits the Streets

Jul 31, 2008 5:56 PM CDT

New Purdue Grad Hits the Streets

Would-be ad man makes his pitch on Fort Wayne streetcorner

(Newser) - Rob Sedlmeyer needs a job, and he doesn't care who knows it. The May college grad wants a marketing or advertising gig, so he's marketing and advertising himself—at a Fort Wayne intersection. After applications scored him just two interviews and no job, he took to the streets. The “...

Workers Losing Hours as Economy Tightens

Jul 31, 2008 7:44 AM CDT

Workers Losing Hours as Economy Tightens

Jobless figures don't reflect part-time jump

(Newser) - US joblessness stands at a moderate 5.5%, but more than 3.7 million workers have seen their hours cut from full-time to part-time over the last year, shrinking their paychecks even as gas and food prices soar, reports the New York Times. That's the highest figure in the half-century...

Housing, Labor Pummel Stocks

MARKETS

Jul 24, 2008 3:29 PM CDT

Housing, Labor Pummel Stocks

Bleak economic reports and some poor earnings make for steady losses

(Newser) - Stocks saw big losses today as bad news on housing and employment soured investors’ hopes of a looming economic turnaround, the Wall Street Journal reports. The Dow fell 283.10—a 2.43% drop—to close at 11,349.28; the Nasdaq shed 45.77, to 2,280.11; and...

Markets Mixed in Light Trading

MARKETS

Jul 3, 2008 12:42 PM CDT

Markets Mixed in Light Trading

Perked-up GM helps send Dow into holiday weekend on gain

(Newser) - The markets ended mixed today amid flat economic news, MarketWatch reports. With volume light ahead of the holiday, General Motors enjoyed a rebound after a sharp fall yesterday helped push the market into bear territory. The Dow gained 73.03 to close at 11,288.54. The S&P 500...

US Lost 62K Jobs in June

Jul 3, 2008 8:23 AM CDT

US Lost 62K Jobs in June

US payrolls suffer sixth straight monthly decline

(Newser) - US employers, battered by rising fuel prices and a stuttering economy, continued to cut payrolls in June, eliminating some 62,000 jobs. It was the sixth straight monthly drop, reports the Wall Street Journal, and nearly 13% more than economists expected. Payrolls have fallen 438,000 so far this year,...

Tough Job Market May Last Through Late 2009

Jul 2, 2008 8:42 AM CDT

Tough Job Market May Last Through Late 2009

'Slow motion' recession will continue to pare jobs

(Newser) - US jobs are eroding and they're unlikely to rebound until late 2009, reports the New York Times. May’s 5.5% unemployment rate is a point higher than a year ago and the 9.7% underemployed rate is up from 8.3% in May 2007, reports the Labor Department—which...

Jobless Rate Posts Biggest Jump in 22 Years

Economy

Jun 6, 2008 8:43 AM CDT

Jobless Rate Posts Biggest Jump in 22 Years

Signs are very bad for consumers

(Newser) - Unemployment saw its biggest leap in two decades in May, spiking from 5.0% to 5.5%, as companies scale back their workforces in the face of recession, Bloomberg reports. Analysts had expected a more modest climb, to 5.1%; unemployment hasn’t been this high since October 2004. Payrolls...