Topic: Richard Dekaser
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Poor unemployment report points to troubled US economy
The US added 69,000 jobs in May, the Labor Department reported Friday – the third straight month of disappointing jobs numbers. The unemployment rate edged higher, to 8.2 percent.
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How Greek economic woes could help US consumers
Fears that Greece may default on its debt are spurring interest in US Treasury bonds, driving down interest rates on mortgages and auto loans – but not (alas) for credit card debt.
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Gold rush? Why gold standard glitters for some in GOP.
Backers of a gold standard – a view popular with many tea party advocates – see a gold-backed currency as a way to rein in government spending and minimize the role of the Federal Reserve.
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So far, Black Friday seems to be bustling. Is the economy improving?
Black Friday weekend may give economists a snapshot of how shoppers are feeling going into the holiday season. Even though some consumer numbers are sluggish, Americans may spend when they hit the malls.
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US economy grew at 2.5%. Will that quiet talk of a double dip?
Growth rate for the US economy was 2.5 percent in the third quarter, the government reported. That's an improvement over the first half of 2011, when concerns escalated about a double dip recession.
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Obama deficit plan: Is there ever a good time for a tax increase?
The Obama deficit plan would raise taxes on the wealthiest Americans, but would it hurt the economy? The answer to that question depends on what happens during the next two years.
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US economy 'has barely budged': 1.3 percent growth in GDP
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
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Gas prices skid 25 cents a gallon in past month – and may dip further
Gas prices have fallen to $3.72 since topping out at $3.98 a gallon in May. Plenty of supply and soft demand mean gas prices are likely to keep falling this summer – perhaps another 30 cents a gallon.
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Unemployment rate drops to 9.4 percent, but little cheer in jobless report
The unemployment rate is at its lowest level since May 2009, but this partially reflects some people giving up on job searches.
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US adds 3.8 million more to ranks of the poor as poverty rate jumps
US poverty rate hit 14.3 percent last year, up from 13.2 percent in 2008. The jump bring the number of the poor to its highest level since 1959, five years before the Johnson-era War on Poverty.
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Unemployment rate shows US 'upturn is nothing great'
Unemployment rate watchers noted that summer is traditionally a slow season for hiring, but the economy continues to show signs of slow progress. The unemployment rate stayed at 9.5 percent in a jobs report issued Friday.
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Unemployment rate drops to 9.5 percent, but US economy sheds jobs
Much of the drop in the unemployment rate occurred because disappointed workers stopped looking for jobs.
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Case Shiller index: Home prices rose in six cities in 2009
Home prices were up in six cities last year, according to the Case Shiller index.
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US sees biggest GDP growth in six years
US Gross Domestic Product (GDP) grew at a 5.6 percent rate last quarter, the biggest economic expansion in six years. But economists say that doesn't augur a growth in jobs any time soon.
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Number of long-term unemployed hits highest rate since 1948
Forty percent of all unemployed Americans, at least 6 million, have been out of work more than six months. Many are so discouraged they have lost hope that a job exists for them.
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Five signs to measure economic recovery in 2010
Economic recovery in 2010 is likely to fall short on job growth. But higher jobless figures might not be a bad thing – if it signals people are looking for jobs again.
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Record 9.6 percent of homeowners are behind on their mortgages
Job losses are driving more mortgage woes, as a record 9.6 percent of homeowners were delinquent in the third quarter, Mortgage Bankers Association reports.
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US job losses worse than expected, unemployment now 9.8 percent
Job losses in September amounted to 263,000 – 83,000 more than expected – pushing the unemployment rate up.
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Consumer spending, job numbers indicate uneven recovery
Consumer spending increased 1.3 percent in August, but a key reason was the 'cash for clunkers' program. Also, initial claims for unemployment rose last week, but the four-week average for claims fell slightly.
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Unemployment rate eases to 9.4 percent
Job losses for July totaled 247,000 – the lowest level since August of last year.
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Unemployment wild card: the 577,000 who gave up job hunts
They aren’t included in July’s unemployment rate of 9.4 percent. But as they start looking for jobs again, the rate could jump.
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What the housing turnaround will look like
Cape Coral, Fla., not long ago one of the foreclosure capitals of America, is now seeing a rebound as home prices hit once-in-a-generation lows.
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Axed by a big business? Start your own.
Unemployed seek fulfillment in new careers from pet care to finding jobs for moms.
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US economy's gloom expected to begin lifting by late '09
Until then, employment, output, and housing prices will keep falling.
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US task: Put jobless into jobs
With biggest job losses since 1974, Obama plans massive public works.
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