US economy

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Poll: Obama Approval Sinks on Economy Fears

Most of his lead over Romney dissolves

(Newser) - Doubts about President Obama's handling of the economy have wiped out most of his lead over Mitt Romney and sent his approval ratings to their lowest since January, according to the latest Reuters /Ipsos poll. The percentage of voters who approve of Obama's job performance has dropped 3...

Fed Economic Report: Middle Class Getting Hosed

American families lose two decades of accumulated wealth

(Newser) - The Fed released its much-anticipated report on the economy today, and the news is not pretty. In short, the median American family's wealth has fallen to early-1990s levels, eliminating two decades of prosperity, while savings are down and debt hovers like a vulture over most Americans, the New York ...

Great, Now the Private Sector&#39;s Tanking, Too
Great, Now the
Private Sector's Tanking, Too 
OPINION
Jun 10, 2012 1:02 AM CDT

Great, Now the Private Sector's Tanking, Too

Signs of life in consumer spending might help recovery, say economists

(Newser) - The private sector has been the lone strength in the US economy since 2009, with business investment and corporate earnings leading the underwhelming recovery. Until now, that is. As the dollar strengthens and economies around the world are slowing, the private sector appears headed for a tough patch, writes Paul...

Fed Will Help If Economy Craters: Bernanke

But it's unclear what action it would take

(Newser) - The Federal Reserve is prepared to take further steps to lift the economy if it weakens, Ben Bernanke said today—but he didn't signal any imminent action in testimony before a congressional panel. Bernanke said the European debt crisis poses significant risks to US financial markets. He noted that...

Dow Plummets 200+ Points
 Dow Plummets 200+ Points 
Jun 1, 2012 10:07 AM CDT

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Unemployment Back Up to 8.2%
 Unemployment Back Up to 8.2% 
Jun 1, 2012 7:39 AM CDT

Unemployment Back Up to 8.2%

And US employers added just 69K jobs

(Newser) - Today's jobs report brings very unwelcome news: US employers added just 69,000 jobs last month, the lowest number in a year, and the unemployment rate ticked up to 8.2% from April's 8.1%, the first increase in 11 months. The Labor Department also had grim news...

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

(Newser) - The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "...

4 Things Obama Must Do to Win

 4 Things 
 Obama 
 Must Do 
 to Win 
robert reich
Apr 24, 2012 7:55 PM CDT

4 Things Obama Must Do to Win

Robert Reich: It's time for a clear economic strategy

(Newser) - President Obama's economic message is that "we're on the right track" and we should give him more time. But if the economy "stalls"—about a 50-50 chance—the message won't hold up, writes Robert Reich in the Guardian . It's time for Obama to...

Food Stamp Use: Up 70% Since 2007, and Growing

Improving economy will limit recipients after that, says CBO report

(Newser) - We earlier reported that 45 million Americans are currently on food stamps, and a new report out of the Congressional Budget Office puts that number in perspective: The number of food stamp users has jumped 70% since 2007, and shows no signs of stopping. The CBO expects it to rise...

Poll: Romney Catching Obama
 Poll: Romney Catching Obama 
Apr 17, 2012 2:00 AM CDT

Poll: Romney Catching Obama

Reuters finds two in statistical dead heat

(Newser) - Rick Santorum's exit from the GOP race has given Mitt Romney a boost in his face-off against President Obama, according to the latest Reuters /Ipsos poll. The poll found that Obama's lead against Romney has shrunk from 11 points a month ago to just four points now. Some...

Smile: People Are Quitting Their Jobs

It's a sign of economic confidence

(Newser) - February saw 2 million Americans quit their jobs—the most since November of 2008. And that's a very good sign for the rest of us, the Wall Street Journal notes. Quitting points to confidence in the economy, analysts say: If people don't think they'll be hired elsewhere,...

Obama Slam Dunk Over Romney, Except...

...when it comes to the federal budget and economy

(Newser) - President Obama holds significant leads over GOP frontrunner Mitt Romney in all categories—except for the federal budget, and his handling of the economy, according to a new Washington Post-ABC News poll . According to the poll, 51% of registered voters would pick Obama over 44% for Romney. The president also...

Recession Was Great— for Big Business

Firms come out streamlined; still slow to hire

(Newser) - For some of America's biggest companies, the recession amounted to growing pains: They're now "leaner, meaner, and hungrier," says one economist. Indeed, sales, profits, and employment among S&P 500 companies last year beat figures from 2007—before the crisis began, the Wall Street Journal notes...

Unemployment Drops to 8.2%
 Unemployment Drops to 8.2% 
Apr 6, 2012 7:42 AM CDT

Unemployment Drops to 8.2%

But economy adds just 120K jobs

(Newser) - The unemployment rate dropped to 8.2% last month, but the economy only added 120,000 jobs, when 203,000 new jobs had been predicted, according to today's jobs report. Reaction on the Wall Street Journal's MarketBeat Blog was swift: "Woah!!! Bad number." The unemployment rate,...

Unemployment Steady at 8.3%
 Unemployment Steady at 8.3% 
Mar 9, 2012 7:44 AM CST

Unemployment Steady at 8.3%

Economy adds 227K jobs in February, more than expected

(Newser) - The unemployment rate held steady at 8.3% in February as had been expected, today's jobs report shows. And good news: The economy added 227,000 jobs last month, when only 213,000 had been expected, the Wall Street Journal reports, noting that stock futures were up after the...

Economy, Gas Prices Top Voter Concerns
Gas Prices, Economy Top Voter Concerns: Exit Polls
super tuesday
Mar 7, 2012 4:57 AM CST

Gas Prices, Economy Top Voter Concerns: Exit Polls

Social issues not a major concern, polls find

(Newser) - Super Tuesday voters handed victories to three different candidates, but Republicans in all 10 states shared similar concerns, exit polls found. The economy was the number one issue in every state. Despite the recent focus on social issues, few voters names abortion as their chief concern, and there was little...

Apple Claims It Supports 514K US Jobs—Does It?

Experts question company's analysis

(Newser) - Apple has quantified its effect on the US economy in a new study. Its analysis says its products "create or support" 514,000 US jobs, ranging from the Kansas employees who manufacture glass for the iPhone to the UPS driver who brings that iPhone to your home—but that'...

Iraq, Afghan Wars Put 'Severe' Hit on US Finances

And limited lawmakers' ability to address downturn: Study

(Newser) - In the short term, wars might help the US economy—but the brief uplift is just a bubble, according to a report. In the long run, wars are a serious drag on the country's finances, the Institute for Economics and Peace finds after studying all major American wars since...

Job Creation in Green Energy Overstated

 Job Creation 
 in Green Energy
 Overstated 
analysis
Feb 24, 2012 11:12 AM CST

Job Creation in Green Energy Overstated

Wall Street Journal thinks 100K figure is way off

(Newser) - The Obama administration says a $10 billion portion of its 2009 stimulus directly prompted the creation of 100,000 jobs in alternative energy, but the claim is difficult to measure. Trouble is, such assessments are based on mathematical formulas and reports, not straightforward counts. Indeed, the Congressional Research Service urged...

Economy Hikes Obama Poll Numbers

Prez now ahead of all four GOP contenders

(Newser) - The rising economy may be enough to carry President Obama to a second term, according to the latest New York Times / CBS poll. The percentage of people feeling optimistic about the economy has surged over the last few months, the poll found, and Obama's approval rating is back...

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