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Unemployed workers and homebuyers caught a break thanks to a new law signed by President Barack Obama on Friday. The law offers tax credits for homebuyers, extending and expanding a popular program, and extends jobless benefits up to 20 weeks for unemployed workers who can’t find a job. Here’s how the plans will work.
Unemployed Rhode Islanders can now collect jobless benefits for up to 99 weeks.
The last time unemployment climbed past 10 percent, "The A-Team" was one of the top 10 TV shows and Michael Jackson was about to release "Thriller."
The economy is still shedding jobs, but at a much slower pace than at the height of the financial crisis this year, according to government figures released Friday. That bolsters the view that the economy is making a slow but steady recovery from the worst downturn in decades.
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies.
Out of work, out of savings and out of things to sell, Carolyn Johansen is running out of options to keep her home even as her unemployment benefits run out.
The unemployment rate fell in September in most metro areas for the second straight month, although that's largely because more people gave up on job searches than found new work.
The state should delay unemployment tax increases on businesses from 2010 to 2011 to help companies retain workers and possibly wait long enough for a federal bailout, Republicans who control the Indiana Senate said Tuesday.
Alabama has earned a spot on a Top Ten list it didn't want.
Unemployment rates have edged lower in 11 of Michigan's 17 major labor markets.
The Wyoming Department of Employment reports that the state's seasonally adjusted unemployment rate increased to 6.8 percent in September, a jump of 0.2 percentage points from the prior month.
Hawaii's trade, transportation and utilities industrial sector shed 900 jobs in September as the state's seasonally adjusted unemployment rate inched up to 7.2 percent, from 7.1 percent in August, state officials announced Wednesday.
Arkansas' unemployment rate held steady at 7.1 percent in September, though losses in some job sectors indicate an economic recovery is not yet at hand.
Colorado's unemployment rate fell again, dropping to 7 percent in September and prompting prediction of a continuing downward trend.
Indiana's unemployment rate fell to 9.6 percent in September, down 0.3 percentage points from August, as growth in the manufacturing and service sectors helped Indiana gain the most new jobs of any state.
Unemployment rose in 23 states last month as the economy struggled to create jobs in the early stages of the recovery.
Government jobs data are only estimates. The "official" numbers don't include everyone who wants and needs a fulltime paycheck.
South Carolina Gov. Mark Sanford said Tuesday lawmakers should look at problems at the Employment Security Commission when they return to the Statehouse next week in an effort to ensure more workers don't lose emergency jobless benefits.
The state unemployment rate jumped to 8.2 percent in September and an additional 44,700 jobs were lost, the Texas Workforce Commission said Friday.
The unemployment rate in Massachusetts rose to 9.3 percent in September, reaching its highest level since 1976.
Michigan's unemployment rate, which was the nation's highest at 15.2 percent in August, crept up to 15.3 percent in September, state officials said Wednesday.
Richard H. Freund had it all planned out: He’d work until he was 70 and his wife, a psychotherapist, turned 62.
ST. LOUIS - Following the lead of Fed Chairman Ben Bernanke and the stock market, the nation’s top business economists, gathering here for their annual meeting, have declared “the Great Recession of 2008-09 is over.” But the forecasters aren’t exactly popping champagne corks about what they see coming next.
The stalled pace of the government's effort to head off home foreclosures has left families looking for other ways to save their homes. There are people out there who can help. But you have to pick very carefully.
The House on Sept. 23 approved a bill that would extend benefits by up to 13 weeks for jobless workers living in 27 states, plus the District of Columbia and Puerto Rico, that have unemployment rates of 8.5 percent or higher. A look at the states in the House measure as the Senate considers extending benefits to all 50 states:
A Word, Mr. President - Bob Herbert New York Times Op-Ed ColumnistIf I were a close adviser of President Obama's, I would say to him, "Mr.
U.S. Joblessness May Reach 13 Percent, Rosenberg Says (Update1)Nov. 9 (Bloomberg) -- The U.S. unemployment rate may rise to a post-World War II high of 13 percent in the aftermath of the recession, said David Rosenberg, chief economist at Gluskin Sheff & Associates Inc. in Toronto.
Dennis Kucinich: Why Is It We Have Finite Resources for Health Care but Unlimited Money for War?Washington - Following a statement on the Floor of the House of Representative, Congressman Dennis Kucinich (D-OH) today made the following statement: "Why is it we have finite resources for health care but unlimited money for war?
Unemployment Up Dramatically! Stocks Rise! Huh?But there is another reason high unemployment may excite investors. Current layoffs are likely, for many workers, to be permanent.
Broader Measure of U.S. Unemployment Stands at 17.5%For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession - until now.
True US unemployment rate stands at 17.5%"If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression," reporter David Leonhardt wrote in Friday's edition of The New York Times.
Vicarious Post Traumatic Stress Disorder Vaccine (VPSTD1) Announced By CDC: Administration To Consider Mandatory Vaccination Policy, Millions of Jobs Saved, Ultimate Success At Mercy Of Climate Change, International Unity And Cooperation Emphasized
Millions represent the face of 10.2 percent joblessness -- Bleak data point to a stark future for local job seekers, employers". . .Officials at many businesses say they are maintaining hiring freezes initially imposed earlier this year, and some are even planning a fresh round of layoffs in the new year.
Unemployment, 2004 to Present "The Country is Bleeding"The Bureau of Labor Statistics released the most recent unemployment numbers last week. Things aren't looking good for the unemployed, I'm afraid. I showed my younger sister the maps. Her response: "It looks like the country is bleeding."
Unemployment Up Dramatically! Stocks Rise! Huh?Ordinary, average, struggling Americans might be scratching their heads over the news today, as the Labor Department reports that unemployment is up by four-tenths of a percent for the month to a record 10.2%, fully three-tenths of a percent higher than economists had been forec …
Behind the New Jobless RateThe unemployment rate reached 10.2 percent on Friday, its highest level in 26 years. This graphic explanation of the jobless rate truly shows how far we have yet to go.
Economy is still shedding jobs and people are asking Obama to fix it. Folks, there is not much Obama can do about it. Government does not have a magic stick to swing and change the world. We have borrowed for 50 years and spent and inflated prices and salaries along with it.
See my article yesterday on how jobless claims figures were MISREPRESENTED. Well, today the unemployment rate was announced at 10.2%--showing you that the jobless situation is NOT IMPROVING.
Flashback: Bernanke on Unemployment: 'we don't think it will get to 10 percent'The unemployment report may come as a surprise to those who have been following the Obama administration and mainstream economists like Paul Krugman. Here are some choice quotes from those we've entrusted with our economy:
Unemployment rate hits 10.2%, worst since 1983 The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
U.S. Unemployment Rate Hits 10.2%, Highest in 26 Years The United States economy shed 190,000 jobs in October, and the unemployment rate reached a 26-year high of 10.2 percent, up from 9.8 percent in September, the Department of Labor said Friday in its monthly economic appraisal.
Unemployment rate hits 10.2% in October"The U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years, the Labor Department reported Friday.
Jobs, money attract many unemployed to adult entertainment sector"Jamie Tillman looked for a job for nearly eight months. The 22-year-old applied to sit-down restaurants, fast-food chains and retail stores at the mall — all the kinds of places she has worked before.
Congress Extends Jobless Benefits, Home-Buyer Credit - WSJ.comCongress approved an extension Thursday of federal jobless benefits for as long as 20 more weeks, sending the bill to the White House for President Barack Obama's signature.
The existing tax credit for first-time buyers, set to expire at the end of the month, has helped boost home sales across the country.
New Jobless Claims Drop to 512KThe Labor Department said Thursday that first-time claims for jobless benefits fell by 20,000 to a seasonally adjusted 512,000. That's better than economists' estimates of 523,000.
White House Claims 'Stimulus' Saved/Created 650,000 Jobs (but it imported 1,125,000 foreign workers at same time) "A few minutes ago, the White House issued a new report claiming that the Stimulus Bill earlier this year has created or saved approximately 650,000 U.S. jobs.
Unemployment Flim-FlamWhether Democrats conceived the idea of a minimum wage as an economic tool with which to buy the votes of those at the bottom rung of the economic ladder, or if the potential political benefits occurred to them as an afterthought, we may never know.
Police: Man makes up knife attack to miss workEDGEWATER, Colo. – Police said a man stabbed himself, then said he was attacked by three men dressed in black who were either Hispanic or skinheads, in a ploy to miss work.
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