US economy

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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...

GE Hiring Thousands of US Veterans
 GE Hiring 
 Thousands 
 of US Veterans 
good news dept.
Feb 13, 2012 7:54 AM CST

GE Hiring Thousands of US Veterans

Firm to invest $580K in aviation plants amid effort to reboot economy

(Newser) - As General Electric prepares to host an economic summit in Washington, the firm has announced some fixes of its own: It will hire 5,000 US veterans over five years and invest $580 million in its aviation operations this year, Reuters reports. "We should have the confidence to act...

Give Chipotle Same Respect as Apple
 Give Chipotle 
 Same Respect 
 as Apple 
IN CASE YOU MISSED IT
Feb 12, 2012 8:18 AM CST

Give Chipotle Same Respect as Apple

Matthew Yglesias: Steve Ells is to fast food what Steve Jobs was to tech

(Newser) - Steve Jobs, meet Steve Ells. Both men founded companies that have revolutionized American culture: Chipotle is doing for fast food what Apple did for technology, writes Matthew Yglesias at Slate . First of all, "Chipotle’s growth since its 2006 IPO should be seen as a great American success story,...

10 US Cities Bursting With Jobs

Columbus, Indiana, and Casper, Wyoming top employment list

(Newser) - Recession—that's a big-city thing, right? Several mid-size cities around the US are making an argument for their economic superiority, boasting job growth higher than the 1.5% national average in 2011. You may not know these cities well, but the Christian Science Monitor recommends them:
  1. Columbus, Indiana: No,
...

In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

(Newser) - The unemployment rate had been expected to hold steady at 8.5%, with just 125,000 jobs added—instead, unemployment fell to 8.3% and 243,000 jobs were added last month, according to January's better-than-expected jobs report. The report has Wall Street Journal bloggers particularly effusive: "America'...

Paul Krugman: Economy May Be Improving
 Finally, Sun 
 Through the 
 Economic Clouds 
paul krugman
Jan 23, 2012 9:53 AM CST

Finally, Sun Through the Economic Clouds

Thanks to improving housing market, private debt: Paul Krugman

(Newser) - The economy has had its share of false starts over the past few years, but this time things could really be improving, opines Paul Krugman. "There’s evidence that the two great problems at the root of our slump—the housing bust and excessive private debt—are finally easing,...

National Debt Now as Big as Entire Economy

And sure to surpass it soon: USA Today

(Newser) - It's official, at least according to USA Today : The national debt is as big as the country's entire economy, and sure to surpass it soon. The federal government owes more than $15.23 trillion to creditors and government programs like Social Security, which is more than the latest...

How Presidents Win When Jobless Rate Is High

Voters care about change in unemployment rate

(Newser) - Will next year's election depend on "the economy, stupid"? History shows that despite high unemployment, President Obama could still reclaim the White House based on the economy's performance, the AP reports. That's because voters react to the change in unemployment, not its absolute number. What...

Unemployment Falls to 8.5%
 Unemployment Falls to 8.5% 
Jan 6, 2012 7:49 AM CST

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

(Newser) - A better-than-expected jobs report shows that 2011 ended with a bang: The unemployment rate fell to 8.5% last month, the lowest since February 2009, and 200,000 new jobs were added, the Wall Street Journal reports. The jobs report was expected to be solid, but not this solid: Unemployment...

'Movin' On Up' in America? Not So Much, These Days

Studies reveal large mobility gap

(Newser) - The idea of "movin' on up" has long been an integral part of the American Dream, but a discouraging amount of research shows it's not as easy as it once was to elevate oneself from humble beginnings. In fact, America has less economic mobility than much of Western...

Economy Surges, But Trouble Looms

Q4 economy up 3.7%, but slowdown dangers lie ahead

(Newser) - Surging economic data, such as new construction, small business confidence, and initial jobless benefit claims, show the American economy is growing at the fastest clip since the recession started—at 3.7% annualized in the fourth quarter, that's four times faster than it was growing at the start of...

One in 45 Kids Homeless in US
 One in 45 Kids Homeless in US 
new report
Dec 13, 2011 10:50 AM CST

One in 45 Kids Homeless in US

That's up 33% over 3 years: study

(Newser) - A heartbreaking statistic from a new report: One in 45 children are homeless in America, a number that has increased 33% between 2007 and 2010. That's 1.6 million children who were living on the streets, in a shelter or motel, or with another family last year, up from...

What Downturn? Farmers Have Abundant Year

Profits set to jump 28%, cross $100B mark

(Newser) - The rest of us might be bracing for the worst, but US farmers are having a banner year. With prices soaring for crops, farmland, and livestock, farmers are set to score profits of $100.9 billion, a 28% jump, the AP reports. That's the first time the figure has...

In Turkey, Biden Tweaks Hosts

VP adds comments in response to prodding by Turkish official

(Newser) - Never one to sit quietly, Joe Biden traded boasts with a Turkish official in speeches last night, adding a pointed rebuttal to his prepared remarks, reports the New York Times . Turkey's deputy prime minister in charge of the economy boasted that Turkey's 7.5% growth rate this year...

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