(AJC) — For 25,000 Georgians who are out of work, the last check is in the mail. For tens of thousands more, that day is fast approaching. Congress has not acted to extend federal unemployment benefits beyond this week, so, week by week, more unemployed Georgians will see their financial safety net disappear as their […]
(LA Times) — Over the last few economically stagnant months, a new explanation has emerged for why businesses are reluctant to hire more workers and otherwise gear up for recovery. The reason, you see, is “uncertainty.” The idea seems to be that Washington’s will-they-or-won’t-they dithering over extending the Bush tax cuts, the advent of healthcare reform, […]
The startling affects of Joblessness on the Black Community.
(Black Politics On The Web) — The ranks of the working-age poor climbed to the highest level since the 1960s as the recession threw millions of people out of work last year, leaving one in seven Americans in poverty. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday […]
(CNN Money) — The White House said Friday it expects that unemployment will stay at or above 9% until 2012, but at the same time forecast that the economy will grow by at least 4% in 2011 and 2012. Read More…
(USA Today) — New jobless claims in the U.S. jumped last week by the most since February, reversing a sharp fall two weeks ago. The rise is partly a result of seasonal factors but also reflects the job market’s weakness. The Labor Department says new claims for unemployment insurance jumped by 37,000 to a seasonally […]
(AOL Black Voices) — In a piece on The Huffington Post, the Rev. Jesse Jackson stated that he is concerned that Congress is ignoring the jobs crisis in America. Over 300,000 teachers are facing layoffs this year, and teen unemployment is the highest its been since 1948, when records started being kept. There is a $1.4 […]
(CNBC.com) — Many advanced economies will face high unemployment through 2011 even though job growth will return this year, the International Monetary Fund said on Wednesday. In its initial chapters of the World Economic Outlook, the IMF said combating unemployment was a key policy challenge as the global economy emerges from the worst recession since World […]
(CNNMoney.com) — The panel of economists responsible for officially deciding the length of recessions said Monday that it’s “premature” to say when the recent downturn ended. The National Bureau of Economic Research said the panel met Thursday in the hopes of determining when the economy, which slipped into recession in December 2007, hit bottom. Read More…