Topic: U.S. Department of Commerce
Positive signs suggest that the jobs bill passed by the House Thursday could help curb unemployment, economists say. But it is not expected to be a major kick-start to job creation.
03/04/2010 07:59 pm
The Obama team is introducing a new formula for counting who is poor in America, but it won't be used to decide who qualifies for government aid. Reason for the change: Existing poverty formula, dating from the 1960s, doesn't capture modern expenses such as child care and healthcare.
03/03/2010 02:03 pm
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.
01/29/2010 11:58 am
President Obama's State of the Union speech proposed a National Export Initiative to generate 2 million jobs from doubling exports over the next five years.
01/28/2010 04:39 pm
President Obama on Monday pitched a slew of measures to help middle-class families pay the bills. Living standards for many middle-class Americans have fallen during the past decade.
01/25/2010 05:37 pm
Government officials kicked off a $130 million campaign Monday to encourage public awareness of Census 2010.
01/04/2010 05:57 pm
Although weekly jobless claims are up, longer-term data suggests the unemployment situation is slowly improving.
12/17/2009 10:23 am
Consumer spending rose 0.7 percent in October, and businesses started adding inventory after 10 months of lowering their stockpiles, according to reports Wednesday. Some see recovery at a moderate pace.
11/25/2009 12:00 am
New GDP figures released Tuesday suggest that the US economy is growing more slowly than initially thought. Obama warns that loss of confidence could lead to a 'double-dip' recession.
11/24/2009 12:00 am
Robert Bauer, Obama’s personal lawyer, will replace Gregory Craig, who took flak for his work on terrorism issues like torture and Guantanamo prison closure.
11/13/2009 12:00 am