Unemployment Rates Drop in 9 States, Says Bureau of Labor Statistics
Unemployment rates in 9 states dropped in January of this year, says a Bureau of Labor Statistics report released today.
Online Job Offers Drop By 66,900 In February
Online job sites are a valuable employment resource, and can be a good informal measure of just how many jobs are out there. Last month, that measure was down almost 67,000, the first drop in online job offers in three months.
Ben Bernanke’s Testimony on Monetary Policy Leads to Market Jump
When Ben Bernanke speaks, it seems the markets stop to listen. That is what happened today as the dollar slid, but stock markets increased slightly as the Fed Chairman’s gave his semi-annual testimony in front of the Congressional Committee of Financial Services.
Speaker Nancy Pelosi Says Following Recovery Act Success, Nation Must Focus on Job Creation
One year after Obama signed the American Recovery and Reinvestment Act into law, Speaker of the House Nancy Pelosi says it has shown great success.
Quarter Million Jobs Cut – Enough to Save US Banks?
According to the latest projections, more than 250,000 jobs will be lost in the American banking sector due to the ever deepening economic turmoil. That Merrill Lynch, which in 2008 held assets in excess of $1 trillion, can be pulled under the leaking umbrella of Bank of America in search of shelter, is a telling indicator indeed of the how deep the wounds inflicted on the financial sector have become.
High Unemployment Rate: A Bleak Picture for Job Seekers
One of the key economic indicators that tell a story behind an economy is the unemployment rate. As of November 2008, the United States has experienced unemployment levels not seen since 1994 as American companies cut back on expenses, slash payrolls, and literally put thousands of workers to “the streets”. This sets the background for the sharpest decline of the economy in decade. It will be tough to get out of this financial rut for many years to come. The jobless rate in October 2008 rose to 6.5% from 6.1% in the previous month. Companies slashed 240,000 jobs in September and 284,000 jobs in October, the largest two-month loss since 2001. As the surge of job loss continues, the government is pressured to put together an economic plan that will help America’s unemployed.
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