Category Archives: Unemployment

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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Congress is back – and so is the spending debate

By doris | Published: July 12, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Lawmakers come back to work Monday facing a tough decision: Whether it’s more important to spend money to keep the economic recovery going or to watch their pennies. One camp, made up mostly of Democrats, is arguing that Congress must spend to help cash-strapped states and people [...]

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Factory jobs return, but skilled workers scarce

By doris | Published: July 5, 2010

Full Story at msnbc.com BEDFORD, Ohio — Factory owners have been adding jobs slowly but steadily since the beginning of the year, giving a lift to the fragile economic recovery. And because they laid off so many workers — more than two million since the end of 2007 — manufacturers now have a vast pool [...]

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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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Drilling ban: The jobs at stake

By doris | Published: June 25, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — There are as many as 10,000 people that work on deepwater oil rigs in the Gulf of Mexico. These are jobs that could soon begin to disappear because of the temporary ban on such drilling. But not only those jobs are at stake. From helicopter pilots to [...]

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Looking for work? Unemployed need not apply

By doris | Published: June 17, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Employment experts say they believe companies are increasingly interested only in [...]

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World markets tumble on recovery fears

By doris | Published: June 7, 2010

Full Story at msnbc.com LONDON – World stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe’s debt crisis is spreading. The euro, which has turned into the barometer for investor risk appetite in recent weeks after Greece’s debt crisis, fell below $1.1900 to its lowest in more than [...]

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Economic rebound slowed last quarter

By doris | Published: May 27, 2010

Full Story at msnbc.com WASHINGTON – The economic rebound last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year. The economy grew at a 3 percent annual rate from January to March, the Commerce Department said Thursday. That was slightly weaker than an [...]

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More than 80% of school districts to cut jobs

By doris | Published: May 5, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — More than 80% of U.S. school districts are expected to eliminate jobs and more than half will likely freeze hiring during the upcoming school year, an education organization said Tuesday. Based on a survey of school administrators from 49 states, a total of 275,000 education jobs are [...]

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Manufacturing growing at fastest pace since ’04

By doris | Published: April 2, 2010

Full Story at msnbc.com NEW YORK – The U.S. manufacturing sector expanded in March at its strongest pace in 5 1/2 years, leading the rebound from the recession on growth in exports and inventory rebuilding. Another drop in construction spending in February, however, underscored weakness in real estate. Meanwhile, the number of people filing first-time [...]

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The line between jobless benefits and welfare

By doris | Published: March 10, 2010

Full Story at msnbc.com Millions of Americans have been forced to rely on unemployment payments for extended periods as the nation struggles through its longest period of high joblessness in a generation, and critics are taking aim, saying that the Depression-era program created as a temporary bridge for laid-off workers is turning into an expensive [...]

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Jobless benefits start ending on Sunday

By doris | Published: February 28, 2010

Full Story at money.cnn.com Starting Monday, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy. Federal unemployment benefits kick in after the basic state-funded 26 weeks of coverage expire. During the downturn, Congress has approved up to an additional 73 weeks, which it funds. These [...]

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One million could lose jobless benefits in March

By doris | Published: February 23, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — More than 1 million people could lose their jobless benefits and health insurance subsidy in March if Congress doesn’t act fast. When it returns from the President’s Day recess on Monday, the Senate will have one week to extend the deadlines to apply for federal unemployment benefits [...]

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