Industry News

Obama to call for extention of jobless benefits

Monday, July 19th, 2010

(CNN) — President Obama will call on Congress to extend benefits for jobless Americans during an appearance in the Rose Garden on Monday morning, a White House official said.

For full text of this article, visit http://www.cnn.com/2010/POLITICS/07/19/obama.economy/index.html?hpt=C1

Jobs slowly returning on Main Street

Friday, May 7th, 2010

NEW YORK (CNNMoney.com) — Main Street’s job hemorrhaging has slowed.

Companies with fewer than 50 workers added a net 1,000 jobs in April, according to a report released Wednesday from payroll processor ADP. But the upswing actually began last month: ADP revised its March data to reflect a gain of 4,000 positions, marking the first month in nearly two years that small companies expanded their payrolls.

For full text of this article, visit http://money.cnn.com/2010/05/06/smallbusiness/main_street_jobs/index.htm

Senate approves $15 billion jobs bill

Thursday, February 25th, 2010

NEW YORK (CNNMoney.com) — The Senate on Wednesday approved a $15 billion job-creation bill that would give businesses tax breaks for hiring the unemployed and states more money for infrastructure projects. 

For full text if this article, visit http://money.cnn.com/2010/02/24/news/economy/ senate_approves_jobs_bill/index.htm

Unemployment claims jump higher

Friday, January 15th, 2010

NEW YORK (CNNMoney.com) — The number of Americans filing for initial unemployment insurance rose more than expected last week, the government said Thursday. There were 444,000 initial job claims filed in the week ended Jan. 9, up 11,000 from a revised 433,000 the previous week, the Labor Department said in its weekly report.

For full text if this article, visit http://money.cnn.com/2010/01/14/news/economy/initial_claims/index.htm

Economists See a Lift in 2010 Census

Monday, December 28th, 2009

NEW YORK (NYTimes.com) — Next year’s census will not only count people, it will also put money in millions of pockets and potentially create a well-timed economic spark.

Not in more than a half-century has the United States census been conducted amid such high rates of joblessness. The 1.2 million census-taking jobs may be temporary, but they pay well, and economists say they will provide a significant lift.  The jobs will amount to a $2.3 billion injection into the economy at a critical juncture, a bridge between the moment when many economists believe the private sector will finally stop shedding jobs and when it ultimately begins to add them.

For full text if this article, visit http://www.nytimes.com/2009/12/19/us/19census.html?scp=1&sq=economists%20see%20a%20lift&st=cse

Unemployment claims rise unexpectedly

Thursday, December 17th, 2009

NEW YORK (CNNMoney.com) — The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday. Analysts had expected a decline.

There were 480,000 initial job claims filed in the week ended Dec. 12, up 7,000 from the previous week’s revised 473,000, the Labor Department said.

A consensus estimate of economists surveyed by Briefing.com expected claims to decline to 465,000.  For full text if this article, visit http://money.cnn.com/2009/12/17/news/economy/jobless_claims/index.htm

Congress moves to extend jobless benefits

Friday, December 4th, 2009

NEW YORK (CNNMoney.com) — Lawmakers in both the House and Senate introduced bills this week to push the deadline to apply for unemployment benefits to as far back as 2011.

Congress last month passed a record-long extension of federally paid benefits, but the law only helps those who exhaust their lifelines by year’s end. So while unemployment benefits now run as long as 99 weeks, depending on the state, not everyone will receive checks for that long a stretch.

For full text if this article, visit http://money.cnn.com/2009/12/04/news/economy/ unemployment_benefits/index.htm

Job market shows big improvement

Friday, December 4th, 2009

NEW YORK (CNNMoney.com) — The long-suffering U.S. jobs market improved significantly in November, as employers trimmed the fewest jobs of any month since the start of the recession, and the unemployment rate posted the biggest one-month decline in more than three years.  

For full text if this article, visit http://money.cnn.com/2009/12/04/news/ economy/jobs_november/index.htm

Unemployment will top 10% – Greenspan

Sunday, October 4th, 2009

WASHINGTON (CNN) — The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and “penetrate” the 10% barrier, former Federal Reserve Chairman Alan Greenspan said Sunday.

Greenspan told the ABC program “This Week” that he expected 3% growth in the third quarter, up from the 2.5% he previously predicted. However, he said a “pretty awful” September employment report released Friday showed the jobless rate continued to climb.

For full text if this article, visit http://money.cnn.com/2009/10/04/news/economy/ economy_recovery_greenspan_schumer/index.htm?postversion=2009100412

Jobless claims fall more than expected

Thursday, September 10th, 2009

NEW YORK (CNNMoney.com) Initial filings for unemployment insurance slip by 26,000 to 550,000.  Continuing claims also drop. 

The number of Americans filing for initial unemployment insurance fell last week, and ongoing claims also dropped, the government said Thursday. There were 550,000 initial jobless claims filed in the week ended Sept. 5, down 26,000 from a revised 576,000 the previous week, the Labor Department said in a weekly report.

For full text of this article, visit http://money.cnn.com/2009/09/10/news/economy/initial_jobless_claims/index.htm?cnn=yes