Category Archives: Unemployment

Appeals court to hear health care overhaul lawsuit

By doris | Published: June 4, 2011

Full Story at news.Yahoo.com (Reuters) – Boeing Co (BA.N) will lay off about 510 employees in its Space Exploration division as the United States’ space shuttle program draws to a close. There will no material impact on the company as a result of the job cuts, a spokesman for Boeing’s Space Exploration division told Reuters. [...]

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Higher prices for food are about to get worse

By doris | Published: March 16, 2011

Full Story at msnbc.com WASHINGTON — Americans are noticing higher prices at the grocery store, and it’s about to get worse. Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce and [...]

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More than a million immigrants land U.S. jobs

By doris | Published: January 22, 2011

Full Story at msnbc.com DALLAS — Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally. Those are among the findings of a review of U.S. Bureau of Labor Statistics [...]

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MySpace slashes its staff in half

By doris | Published: January 11, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — MySpace said Tuesday that it is laying off 500 employees, cutting its staff by 47%. “Today’s tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability,” CEO Mike Jones said in a written statement. “These changes [...]

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Jobless claims slide to three-month low

By doris | Published: October 31, 2010

Full Story at msnbc.com WASHINGTON — Just five days ahead of the mid-term elections, the labor market gave the Obama administration something to crow about when new claims for unemployment benefits dropped to a three-month low. Initial claims for state unemployment aid dropped 21,000 to a seasonally adjusted 434,000, the Labor Department said, meaning fewer [...]

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Boomerang kids: 85% of college grads move homeollege grads move home

By doris | Published: October 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

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Recession job losses: Worse than first thought

By doris | Published: October 13, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — As bad as job losses were during the recession, we’re about to find out that things were even worse. The government currently estimates that 2.2 million jobs were lost from April of 2009 through March of this year, a significant portion of the 7.8 million jobs lost [...]

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Budget squeeze in states will force more job cuts

By doris | Published: October 9, 2010

Full Story at LifeInc.todayshow.com The private economy was – slowly – creating more jobs last month. But the government was cutting them faster. As a major budget squeeze forces state and local governments to make ends meet, those government job cuts are going to continue. Friday’s monthly jobs report showed again that the U.S. economy [...]

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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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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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New Orleans takes another hit: 5,000 jobs to go

By doris | Published: July 19, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — First it was Hurricane Katrina, then it was the BP oil spill. Now the Louisiana coastal region faces a third economic crisis: Northrop Grumman Corp. will close the shipyard in Avondale, eliminating 5,000 jobs. Northrop Grumman (NOC, Fortune 500) said late Tuesday that it will “wind down” [...]

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Troubled Tylenol plant to lay off 300 workers

By doris | Published: July 16, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The drugmaking arm of Johnson & Johnson said late Thursday that it is laying off hundreds of workers at the manufacturing plant at the center of a recall of millions of units of children’s Tylenol, Motrin and other over-the-counter drugs. Johnson & Johnson’s (JNJ, Fortune 500) McNeil [...]

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