Category Archives: Unemployment

Sears releases partial list of store closings

By doris | Published: December 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Sears Holdings has released a partial list of the Sears and Kmart stores set to close as a result of the company’s poor sales this holiday season. Sears (SHLD, Fortune 500) said earlier this week that it planned to close between 100 and 120 stores at an [...]

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States where the most unemployed could lose benefits

By doris | Published: December 8, 2011

Full Story at BottomLine .msnb.msn.com Nearly 2 million Americans currently receiving unemployment benefits stand to lose coverage this January if Congress does not extend the emergency federal unemployment insurance program. 24/7 Wall St. has reviewed a study by the National Employment Law Project to identify the ten states where the most people could lose benefits. [...]

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Employers added 206,000 private-sector jobs in November

By doris | Published: November 30, 2011

Full Story at BottomLine.msnbc.msn.com Private employers added 206,000 jobs in November, according to a new report released Wednesday from payrolls processor ADP. The monthly number was better than expected. Analysts had expected a smaller gain in November. October’s monthly gain in private-sector hiring was revised up to 130,000 from a previously reported gain of 110,000. [...]

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Arkansas city loses two factories in one day

By doris | Published: October 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The city of Fort Smith, Ark., got hit with a double whammy on Friday, as one factory closed down and another faced imminent demise. Whirlpool Corp. (WHR, Fortune 500) said it will shut down its factory next year, putting about 1,000 people will be out of work, [...]

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Can retraining give the unemployed a second chance?

By doris | Published: September 19, 2011

Full Story at msnbc.com Andrew Bricknell, 50, has lived in and around Detroit his whole life. Raised in Dearborn, Mich., where his father was a tool-and-die maker for Ford, Bricknell never doubted what industry he’d go into when he grew up — only which end of it. As a kid, Bricknell showed an aptitude for [...]

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Lawmakers face limits in fight to fix economy

By doris | Published: September 11, 2011

Full Story at msnbc.com With unemployment stuck above 9 percent, Americans are looking to the White House, Republican presidential candidates and the Federal Reserve for credible plans to boost job growth. None of the proposals now being floated hold much promise. Falling home prices continue to wipe out equity for millions of households. Manufacturing has [...]

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CNN Poll: 8 in 10 think we’re in a recession

By doris | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

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Zero jobs growth but not necessarily recession

By doris | Published: September 2, 2011

Full Story at msnbc.com The news Friday that the economy created zero jobs in August is ominous, but it doesn’t necessarily mean we’re heading for another recession. “Most of the releases that came out earlier in the week were a little bit better than generally expected and this one was a little bit worse,” said [...]

Also posted in Economy, employment, Financial, Reccession, Spending | Leave a comment

Unemployment claims dip

By doris | Published: September 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Filings for unemployment claims dipped last week, after striking Verizon employees went back to work. The number of first-time filers for unemployment benefits fell to 409,000 in the week ending Aug. 27, the Labor Department said Thursday. That’s down 12,000 from a revised 421,000 the prior week. [...]

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Firing horror stories

By doris | Published: August 29, 2011

Full Story at money.CNN.com Think getting fired is hard? Try doing the firing. And when you are a small business owner it can be particularly hard. At best, it’s an uncomfortable face-to-face confrontation that can lead to hurt feelings. At worst: physical altercations, hacked servers and lost clients. “Large corporations have a team of people [...]

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Market’s wild ride continues; Dow soars over 400 points

By doris | Published: August 11, 2011

Full Story at msnbc.com NEW YORK — Wall Street’s wildest week since 2008 continued with another 400-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology [...]

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Stocks give up gains, end trading day mixed

By doris | Published: July 28, 2011

Full Story at msnbc.com NEW YORK — Stocks lost most of their gains late in the trading session Thursday, closing mixed after an unexpected decrease in unemployment claims sent the market slightly higher earlier even as a stalemate continued in Washington over how to avoid a U.S. debt default. The government said first-time applications for [...]

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Blackberry maker to cut about 2,000 jobs

By doris | Published: July 25, 2011

Full Story at msnbc.com Research In Motion said it will cut about 2,000 jobs, or 11 percent of it workforce, and the severance payout is not included its second-quarter and full year outlook. The BlackBerry maker also said its Chief Operating Officer Don Morrison is planning to retire and Thorsten Heins is taking on the [...]

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Dow, S&P fall for fifth-straight week

By doris | Published: June 5, 2011

Full Story at CNNMoney NEW YORK (CNNMoney) — U.S. stocks fell sharply on Friday, with the Dow and S&P falling for the fifth-straight week, as investors digested a disappointing May jobs report. The Dow Jones industrial average (INDU) lost 97 points, or 0.8%, to end the week at 12,151. The Dow is on its longest [...]

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