subscribe to the RSS Feed

Thursday, March 11, 2010

State unemployment picture brightens (source: CNN)

Posted by admin on March 10, 2010

A total of 30 states and Washington, D.C., reported rising unemployment rates in January, down from the number in the previous month, according to a government report released Wednesday. (source: CNN) – RSS feeds and Feed widget on Feedzilla.com

36,000 jobs lost, but unemployment holds steady (source: CNN)

Posted by admin on March 5, 2010

The U.S. economy shed 36,000 jobs and the unemployment rate was unchanged in February, according to a government report released Friday. (source: CNN) – News widgets and RSS feeds on Feedzilla.com

Jobless benefits: No more extensions (source: CNN)

Posted by admin on February 27, 2010

Depending on extended unemployment benefits to see you through the Great Recession? (source: CNN) – News widgets and RSS feeds on Feedzilla.com

Jobless benefits start ending on Sunday (source: CNN)

Posted by admin on February 26, 2010

Depending on extended unemployment benefits to see you through the Great Recession? (source: CNN) – RSS widgets and RSS feeds on Feedzilla.com

Senate eyes 15-day jobless benefit extension (source: CNN)

Posted by admin on February 22, 2010

With 1.2 million people set to lose their unemployment checks starting next week, the Senate is looking to extend the deadline to file for federal jobless benefits by 15 days. (source: CNN) – RSS news feeds and Widgets on Feedzilla.com

Jobless claims rise unexpectedly (source: CNN)

Posted by admin on February 18, 2010

The number of Americans filing first-time claims for unemployment insurance climbed unexpectedly last week. (source: CNN) – RSS feeds and Feed widget on Feedzilla.com

More Money: Friday roundup: part-time workers & waiting on estate planning

Posted by admin on February 5, 2010

Personal finance from around the Web:

  • The Federal Reserve policy of buying up mortgage-backed securities is widely believed to have kept mortgage rates close to record lows, but it's slated to end March 31. Now the president of the Federal Reserve Bank of New York says the Fed may reopen the program if interest rates spike or if the economy shows new weaknesses. [Washington Post]
  • The past decade has brought two painful bear markets. Here are the lessons you can learn from them, especially since bearish sentiment is at its highest level in three months. [Wise Investing, The Pragmatic Capitalist]
  • Need help getting a dinner reservation or a car to the airport, but can't afford a personal assistant? A new, free app iphone app promises to serve as a virtual personal assistant. [Bits]

Add More Money to your favorite RSS reader. Subscribe at http://rss.cnn.com/moneyfeatures.rss.

Jobs report wasn’t all bad news

Posted by admin on January 8, 2010

Friday’s closely watched December unemployment report delivered a mix bag of news. While the unemployment rate was unchanged at 10% (and remains below the 10.8% peak hit in the 1982 recession, one that the current downturn seems to most resemble), employers cut 85,000 jobs from payrolls. That figure dashed hopes that the final month of 2009 would be the first to show jobs being added back to the economy. With more than seven million jobs lost in the last two years, no one was looking for major job creation.  But the report contained many depressing numbers, including these:

  • The unemployment rate among adult men remained above average at 10.2% (though down from 10.4% in November and 10.6% in October). Meanwhile, the unemployment rate for adult women crept up to 8.2% from 8% in November).
  • Teenage, black, and Hispanic unemployment rates remain in the double digits: 27.1%, 16.2% and 12.9% respectively.
  • The number of long-term unemployed (out of work for 27 weeks or longer) continued to grow, totaling 6.1 million. That means 4 out of every 10 unemployed workers has been out of work for nearly seven months.
  • The number of people working part-time because they can't find full-time work or their hours were cut back also failed to show improvement, hovering at 9.2 million people.

Still, it wasn’t all bad news.  Temporary hiring, typically an early indicator of a turnaround in the job market, continued to add jobs. Since July, employment in the temporary hiring sector has risen by 166,000.  The healthcare industry remained a bright spot, adding 22,000 jobs in December for a total of 631,000 since the recession began in December 2007. There were other signs of recovery too:

A more hopeful report in December would have given consumers, investors and (most importantly) employers a psychological boost, perhaps making companies more confident about adding workers and diminishing fears of a double-dip recession.  But one month is not enough to make a determination about which direction the economy is going. Stay tuned for more data: The first employment situation report of the year will be released Friday, February 5 at 8:30 a.m.

Add More Money to your favorite RSS reader.  Subscribe at http://rss.cnn.com/moneyfeatures.rss.

View This Poll
survey software

The unemployment rate is falling! (source: CNN)

Posted by admin on December 18, 2009

The balance has shifted: More states reported declining unemployment in November than posted increases, according to a government report released Friday. (source: CNN)RSS and News widget on Feedzilla.com

Unemployment claims rise unexpectedly (source: CNN)

Posted by admin on December 17, 2009

The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday. Analysts had expected a decline. (source: CNN)RSS and News widget on Feedzilla.com