Category Archives: Reccession

The Job Creators: 10 Companies That Are Hiring Now

By doris | Published: October 4, 2010

Full Story at DailyFinance.com Since December 2007, 8.4 million American jobs have vanished, leaving the country’s unemployment rate stuck at an alarming 9.6%. Yet, many U.S. companies — particularly small ones — are hiring, to the tune of 723,000 new workers in 2010. While these jobs represent a small fraction of the number needed to [...]

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Jobless claims down for second week in a row

By doris | Published: September 17, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The number of Americans filing for first-time unemployment benefits declined for a second straight week last week, according to a government report released Thursday. There were 450,000 initial jobless claims filed in the week ended Sept.11, which included Labor Day. That was the lowest level in two [...]

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Trade schools flunk key test: Helping students

By doris | Published: September 16, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Desperate to find jobs in a troubled economy, more Americans are enrolling in trade schools to learn practical skills that would give them more options in the workplace. But some students are having trouble paying the tuition at these schools, and a recent government investigation has cast [...]

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New bank rules to curb risk

By doris | Published: September 13, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Global officials meeting in Switzerland Sunday announced new guidelines to strengthen the financial system by forcing banks to set aside more capital. The goal is ensure that banks have bigger reserve cushions when things go bad and avoid another bank meltdown like the panic of 2008, which [...]

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Plastic panic: Visa, MasterCard in bargain bin

By doris | Published: September 11, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The second most famous quote from the movie “The Graduate” — the top undoubtedly has to be “Mrs. Robinson, you’re trying to seduce me.” — is the one where Mr. McGuire wants to tell Dustin Hoffman’s Benjamin “just one word” about his future. Investors humbly disagree. Before [...]

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Teaching: No longer a recession-proof job

By doris | Published: September 10, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — When Jenny Frank decided to become a teacher, she thought she was going into a profession that could weather any recession. Before leaving her job as a recruiter for Goldman Sachs to enroll in Hunter College School of Education in early 2008, she asked her mother-in-law if [...]

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Strength in temporary jobs a welcome sign

By doris | Published: September 7, 2010

Full Story at msnbc.com NEW YORK — One of the strongest signs yet that the U.S. jobs picture is brightening is the persistent rise in temporary employment. This leading indicator of future U.S. employment growth is suggesting stronger hiring ahead, and staffing industry executives say they are seeing greater demand for personnel than is reflected [...]

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What went wrong at Burger King

By doris | Published: September 5, 2010

Full Story at money.cnn.com FORTUNE — It’s not yet clear what Burger King’s new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order. Burger King (BKC), which went public four years ago after its previous private equity owners [...]

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August jobs report: Signs of life for employment

By doris | Published: September 4, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Business hiring is picking up, but not enough to make up for the massive losses of temporary government jobs. The economy lost a total of 54,000 jobs in August, the Labor Department reported Friday. Businesses added 67,000 jobs to their payrolls in August. Economists had forecast a smaller [...]

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Are jobless benefits keeping unemployment high?

By doris | Published: August 31, 2010

Full Story at Life Inc.msnbc.msn.com Does handing out unemployment benefits to out-of-work Americans discourage them from finding a job? In an op-ed article in Monday’s Wall Street Journal, Harvard economist Robert Barro argues that the current unemployment rate would be 6.8 percent rather than 9.5 percent if the Obama administration hadn’t extended unemployment-insurance eligibility to [...]

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Big Mac attack: McDonald’s stock sizzles

By doris | Published: August 28, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — If you needed any more proof that the economy is slowing down, look no further than how well McDonald’s stock is doing. Shares of Mickey D’s are up 18% this year, putting the company neck and neck with DuPont (DD, Fortune 500) as the best-performing company in [...]

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TARP failed Main Street banks

By doris | Published: July 14, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — While bailed-out Wall Street is back on its feet and making profits, Main Street banks have gotten little to no boost from taxpayer bailouts, a watchdog panel said Wednesday. The Troubled Asset Relief Program’s help has made little difference for small banks, according to the latest report by [...]

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A stimulus program even a Republican can love

By doris | Published: July 10, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — There’s at least one stimulus program that’s creating jobs and winning praise from both sides of the political aisle. A little-known Recovery Act initiative is expected to put more than 200,000 unemployed people back to work in 32 states and the District of Columbia. It’s called the [...]

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7.9 million jobs lost – many forever

By doris | Published: July 4, 2010

Full Story at money.cnn.com “The job losses during the Great Recession were so off the chart, that even though we’ve gained about 600,000 private sector jobs back, we’ve got nearly 8 million jobs to go,” said Lakshman Achuthan, managing director of Economic Cycle Research Institute. Excluding temporary Census workers, the economy has added fewer than [...]

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