Apr 1st 2010 2:30PM
The number of initial unemployment claims has been falling steadily for about a month now, but the job market remains stubbornly weak. It's beginning to look like another Jobless Recovery, with a booming stock market, big Wall Street bonuses, and high unemployment. Even Treasury Sec. Tim Geithner is complaining about... Continue Reading »
Mar 5th 2010 2:50PM
Big news on unemployment: the unemployment rate stayed put at 9.7 percent in February, according to today's release from the federal Bureau of Labor Statistics. That's a pleasant surprise. Economists expected the unemployment rate to rise to 9.8 percent, after winter storms in February kept many construction and retail... Continue Reading »
Mar 4th 2010 9:30AM
The economy is strengthening in most parts of the U.S. -- but the recovery isn't translating into new jobs, according to the Beige Book report released today by the Federal Reserve. That doesn't bode well for the housing market, since long term unemployment is one of the top reasons homeowners are still losing their homes... Continue Reading »
