Topic: Woodley Park

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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.
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.
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.
Real estate rebound? Six cities saw home prices rise in 2009

Which US cities saw the biggest rise in real estate prices?
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.
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.
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.
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.
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.
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.
Unemployment rate eases to 9.4 percent

Job losses for July totaled 247,000 – the lowest level since August of last year.
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.
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.
D.C. Metro crash highlights underfunding of public transit systems

About $50 billion in backlog repairs is needed for rail transit systems, but just $5.6 billion was spent in 2006, according to one report.