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Results for unemployment. Search took 0.26 seconds.
One in four American children on food stamps
in Sox First, on November 30, 2009
...ege graduates who can't find work. As economist Robert Reich writes in his blog , the crisis of unemployment has split America into three groups: households in danger of losing their homes and who...
Bankruptcies soar with no recovery in sight
in Sox First, on November 27, 2009
...e chances of them losing money on bad loans have never been greater, with business bankruptcies and unemployment on the rise. These figures are immense. Far too large for the world's biggest economy ...
Unemployment among blacks at Depression levels
in Sox First, on November 25, 2009
... Post story shows how centuries of racial discrimination still shapes the lives of Americans with unemployment for 16-to-24-year-old black men reaching Great Depression proportions. It was at 34.5% ...
Bad economy, suicides and compensation
in Sox First, on November 23, 2009
... Oxford University and the London School of Hygiene and Tropical Medicine showing that a 3% rise in unemployment was linked with a 2.7% rise in heart attacks among men aged 30-44 and increases of 2.4%...
US to pay $500 billion to service mega debt
in Sox First, on November 23, 2009
...t rates rising again. And when that happens, it will be ugly. The problem is compounded by growing unemployment and an ageing population, putting enormous strain on government funding. The debt bur...
Detroit struggles to bury its dead
in Sox First, on November 22, 2009
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While Michigan's unemployment is at 15.1%, Detroit's rate is at close to 28% , thanks to years of mismanagement by Ford, Chrysler and GM. Things are so bad in Detroit now that they can't eve...
One in seven US home loans at risk of foreclosures
in Sox First, on November 20, 2009
...% of US home loans are in foreclosure and this mirrors what's happening in the labor market with US unemployment officially up to just over 10% with the real figure at 17.5%. What's just as concernin...
Economy to get worse with debt hitting $12 trillion
in Sox First, on November 18, 2009
... . That only adds to pressure on the economy from weak bank lending, poor growth and high levels of unemployment which are expected to keep growing. Not surprisingly, Dr Doom economist Nouriel Roubin...
49 million Americans go hungry
in Sox First, on November 17, 2009
...ccounts. The rest of America must be looking at the stock market as some sort of sick joke. With unemployment now likely to stay in double digit territory for some time, people are likely to keep goi...
US unemployment to hit 13%
in Sox First, on November 12, 2009
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We've been hearing lots of commentators say that US unemployment will peak at around 10% and that the recession is over. But former Merrill Lynch economist David Rosenberg says unemployme...
Suicides: the real cost of recessions
in Sox First, on November 11, 2009
...that the rate of suicides is on the rise as people weight up the cost of the recession with soaring unemployment and home foreclosures. According to one psychology professor quoted in this piece, peop...
Most Americans to depend on government for handouts
in Sox First, on November 10, 2009
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To fix the unemployment problem, economist Paul Krugman suggests the US Government bring in a WPA (Works Progress Administration) -type program, the same sort of approach that was adopted i...
Unemployment and the failed stimulus
in Sox First, on November 7, 2009
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Back in January, US unemployment was sitting at 7.2% and commentators were saying a stimulus package would fix everything. It hasn't. The latest appalling figures show that US unemployment ha...
Emanuel presses for another Sarbanes-Oxley exemption
in Sox First, on November 3, 2009
...omplying with Sarbanes-Oxley. And you would have to say that with the economy is going, and with US unemployment on the up and up, the Democrats will agree, if only to save their own skins. The Secur...
Hundreds lining up for low pay
in Sox First, on October 26, 2009
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US unemployment will continue to grow with Drew Matus, a senior US economist at BofA Merrill Lynch Global Research in New York telling Bloomberg it will peak at 10.2% in the first quarter of...
Endless unemployment and the new pledge of allegiance
in Sox First, on October 21, 2009
... normal. "This Great Recession is an inflection point for the economy in many respects. I think the unemployment rate will be permanently higher, or at least higher for the foreseeable future," Mark Z...
Unemployment boosts military recruitment
in Sox First, on October 14, 2009
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These are troubling times. Soaring unemployment has had a massive impact on military recruitment. According to this report , the US military has met all its recruitment goals for the first tim...
Rich getting richer
in Sox First, on October 11, 2009
... since 1928. First, it suggests that the distribution of wealth in America is top heavy. And while unemployment in the US is heading beyond 10%, the pain is not universal. The gap between the haves a...
Four ways to create jobs in the recession
in Sox First, on October 6, 2009
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Unemployment in the United States will keep rising and will push beyond 10%. So how to fix it? And where can people find work? The Wall Street Journal reports that while it will be years befor...
California - America's first failed state?
in Sox First, on October 4, 2009
...summer the state government was so deeply in debt that it began to issue IOUs instead of wages. Its unemployment rate has soared to more than 12%, the highest figure in 70 years. Desperate to pay off ...
US economy goes from bad to worse
in Sox First, on October 3, 2009
...he average time it takes fired employees to find a new job now exceeds the length of their standard unemployment benefits. In other words, unemployment in the US now lasts longer than benefits. Worse ...
Oil spike and the nuclear equation
in Sox First, on October 3, 2009
...an eye on the oil price over the next few weeks. Oil prices have tumbled with US figures showing unemployment has hit 9.8%, well on its way to double digits. That's on the demand side. More peo...
Writedowns reduced but bad loans to increase
in Sox First, on September 30, 2009
... billion less of writedowns. The bad news is that the number of bad loans will increase because of unemployment and patchy recovery. In its Global Financial Stability Report , the IMF warns that wh...
The phoney bull market
in Sox First, on September 24, 2009
...such a big rally there is still excellent value in the market." But how is that the case when unemployment is soaring, businesses are going bankrupt and consumer confidence is on the floor? Form...
Will Outsourcing Affect the Recovery?
in The Outsourcing Weblog, on September 20, 2009
...political backlash against offshore outsourcing. In a large part, it likely depends on whether the unemployment rate stays stubbornly high, as many expect, or if it instead declines more quickly than ...
Recession to last until 2012 - Stiglitz
in Sox First, on September 20, 2009
... what most people mean by 'out of recession.' Most people mean, 'Are jobs plentiful? Is unemployment low? Are wages strong?' And in those core ways, we are far from being out of the re...
Pay cuts or jobs losses for half of America's workforce
in Sox First, on September 19, 2009
Yesterday, I did a blog entry questioning Bernanke's claim that the recession was over and suggesting that most Americans wouldn't believe him. If you need further evidence, check out this alarming ABC News-Washington Post poll showing that 41% of US households have had their pay o...
No one believes Bernanke
in Sox First, on September 17, 2009
...ll and truly over, why is the Organisation for Economic Co-operation and Development warning that unemployment could rise to 10% in its member states? That's 57 million people out of work. For t...
Unemployment boosts marijuana trade
in Sox First, on September 11, 2009
...e are blaming it on the economy. More to the point, they say demand seems to be rising with growing unemployment. Indeed, the Christian Science Monitor points out, rising unemployment seems to have...
The US consumer economy is dead
in Sox First, on September 9, 2009
...therlands. Also, the record plunge in borrowing by US consumers is hardly surprising in light of unemployment creeping up to 10% and beyond, plunging home and stock prices and stagnant wage levels....
Warnings about Japan
in Sox First, on September 8, 2009
...imulus measure will fall short of reviving the economy and might even exacerbate Japan's record unemployment rate of 5.7%. Furthermore, economists have told Bloomberg that high spending and new...
Unemployment boosts profits
in Sox First, on September 5, 2009
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So the "jobless recovery" continues with US unemployment creeping up close to 10%. And the evidence suggests it's good for business because it will boost profits. At 9.7%, it's ...
Up to 1000 more bank failures
in Sox First, on August 28, 2009
...ed, John Kanas has predicted we will see 1000 more bank failures over the next two years. Rising unemployment will continue to drive the problem because consumer spending has long been the engine o...
No relief from foreclosure mess
in The Mortgage Roadmap, on August 24, 2009
...he bottom line, unfortunately, is that the foreclosure crisis won't ease until the nation's unemployment rate starts seriously dropping. Homes became far too expensive during the recent housin...
Cocaine dollars
in Sox First, on August 18, 2009
...39;s that for a silver lining?" Well maybe. Let's just see if that's reflected in the unemployment, bankruptcy, foreclosure and mortgage delinquency figures. And before you rush off to ...
Japan limps out of recession, for now
in Sox First, on August 17, 2009
...tion of its trading partner, the United States, which is not in great shape. Another point is that unemployment in Japan is now at a six year high . For every 100 people looking for jobs, there are ...
Foreclosures dogging the middle class
in The Mortgage Roadmap, on August 14, 2009
Remember when the number of housing foreclosures first started to boom? We liked to say it was because of all those greedy homeowners who took out high-risk subprime mortgages to get into homes they couldn't really afford.
Well, today's foreclosure victim is likely to be solidly middle clas...
Bankruptcies soar
in Sox First, on August 14, 2009
... to see 1.4 million consumer bankruptcies by December 31. All this moves in rhythm with the rise in unemployment which is likely to hit double digits soon. It's a trend happening right around the...
A W-shaped recovery
in Sox First, on August 12, 2009
...'s only because of businesses cutting hours. The buying power of consumers has fallen and while unemployment has slipped down a fraction to 9.4%, that's only because fewer people are looking f...
Unemployment figures: don't celebrate yet
in Sox First, on August 9, 2009
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When you read the initial reports about the latest US unemployment figures, you would think the recession is over. US stocks rose when the unemployment rate slipped a mere 0.1% to 9.4% as did ...
Spooks and the financial crisis
in Sox First, on August 7, 2009
... risk of social and political instability worldwide as governmetns and citizens grapple with rising unemployment, corporate bankruptcies, frozen financial systems, plummeting trade, and a decline in r...
What to do when those mortgage payments get hard to make
in The Mortgage Roadmap, on August 6, 2009
...are struggling to pay their monthly mortgage payments. It's hardly a surprise. The nation's unemployment rate is near 10 percent. An increasing number of workers are being forced to take unpai...
Loan modifications not fast enough for foreclosures
in The Mortgage Roadmap, on August 5, 2009
...al way to stop this wave of housing foreclosures is to get people working again. With the national unemployment rate nearing 10 percent, there are just too many people out of work these days.
When yo...
Twenty years to recover from layoffs
in Sox First, on August 5, 2009
...aper focuses on layoffs in the 80s, the effect in today's market would be the same. And with US unemployment about to move into double digit territory, that would have enormous implications for lo...
Loan-modification program not meeting its goals
in The Mortgage Roadmap, on July 28, 2009
...dy late in their payments or at risk of becoming late.
Homeowners can certainly use the help. With unemployment near 10 percent across the nation, many are finding it difficult, it not impossible, to...
The looming credit card disaster
in Sox First, on July 28, 2009
...imes tells us, the big worry here is the breakdown in the linkage between credit card defaults and unemployment. Traditionally, one has followed the other but now there are other sources of distress,...
Recovery? Don't hold your breath
in Sox First, on July 28, 2009
... as many as 17% saying a rebound won't happen until the second quarter of 2010. They predict US unemployment will reach at least 9.98% with some even saying it could hit double digits. And if that...
The bailouts stink: Bernanke
in Sox First, on July 27, 2009
... Reuters/University of Michigan final index of consumer sentiment. That's on the back of rising unemployment and no movement in wages. Let's be clear about one thing: this recession won't...
Bernanke on the US economy: read between the lines
in Sox First, on July 23, 2009
...ery is expected to be Gradual in 2010, with some acceleration in activity in 2011. Although the unemployment rate is projected to peak at the end of this year, the projected declines in 2010 and 2...
Recession-fuelled crime wave
in Sox First, on July 23, 2009
...running 20% ahead of the previous year's figures and it's been blamed on that country's unemployment rate hitting a gob-smacking 20%, the highest in Europe, and the Spanish economy expecte...
Roubini: the recovery will be ugly
in Sox First, on July 21, 2009
...o be "very ugly". Roubini says the US economy will grow by 1% over the next few years and unemployment will hit 11%. So even if the recession ends, it won't feel like a recovery. "...
Save Car Insurance Money by Shopping Around
in The Personal Finance Weblog, on July 17, 2009
...ough they could get better deals elsewhere.
Recent news from the Associated Press talking about unemployment indicated that things may continue to be tight for a few more years. If you find things ...
Home construction starts rise. Another sign of a recovery?
in The Mortgage Roadmap, on July 17, 2009
...ll rather fragile.
What has to happen for a strong, steady recovery? For one thing, we need to see unemployment fall. Unfortunately, that's not happening. The nation's unemployment rate is no...
Paulson, Goldman Sachs and the four tiers of US Government
in Sox First, on July 18, 2009
...isaster are spared the ravages of the unwashed masses who are now being corralled into ever-growing unemployment lines, and instead are basking in the illumination of near record bonus payments, their...
Recession and repression
in Sox First, on July 16, 2009
... no recovery when people are losing jobs. Talk of a "jobless recovery" is garbage. Rising unemployment has seen foreclosures soar 15% in the first six months of this year, affecting 1.5 mi...
An X-shaped recession
in Sox First, on July 14, 2009
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Last month, I did a blog entry explaining why the real unemployment figures are worse than what the official statistics tell us. Now The Wall Street Journal takes it one step further and gives ...
Downpayments still keeping homebuyers away
in The Mortgage Roadmap, on July 13, 2009
...tion's weak economy. According to survey, two-thirds of U.S. residents consider job layoffs and unemployment as serious problems. A total of 80 percent of respondents pointed to them as serious im...
Do you still have faith in Obama's stimulus plans?
in The Mortgage Roadmap, on July 10, 2009
... better because we had a new presidential administration.
Unfortunately, I was right. The national unemployment rate is stuck at 9.5 percent, and is likely to climb higher before it falls. At the sam...
What the jobless figures tell us
in Sox First, on July 3, 2009
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The latest US unemployment figures, as reported here , are a real worry. The jobless rate has climbed to 9.5% and shows no sign of slipping back. What that's telling us is the situation is ge...
Will California drag down the United States?
in Sox First, on July 2, 2009
...n missing a deadline and political incompetence of Governor Arnold Schwarzenegger. The state has an unemployment rate of 11.5%, higher than the national figure, and there have mass foreclosures. As th...
Social Entrepreneurhip at Stanford
in Audeamus - How dare we..., on June 21, 2009
...As you might know, California has probably the highest unemployment rate in the U.S. now as the result of the economic downturn. The companies in Silicon Valley as an example are scaling back and layi...
It will be years before jobs return
in Sox First, on June 15, 2009
So Barack Obama has declared that his stimulus package will create 600,000 jobs this summer. Don't hold your breath. According to this report from McClatchy Newspapers , most of the country won't get back to pre-recession employment levels until 2012, and there are parts that will s...
Unemployment: are the numbers lying?
in Sox First, on June 14, 2009
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So unemployment in the US has jumped to 9.4% but are the numbers telling us the truth? Is unemployment actually worse than what the statisticians are telling us? As reported here , consultant ...
What economy? CEO private jets take off
in Sox First, on June 11, 2009
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Despite unemployment in the US reaching 9.4% and foreclosure rates topping 300,000, as reported by Bloomberg , it's heartening to see some things don't change. Pay perks for chief executi...
Mugabe's lecture on fixing economies.
in Sox First, on June 11, 2009
..., according to the CIA World Factbook taken inflation to a gob-smacking 11.2 million per cent and unemployment to at least 80%, is now chairing the 19-member Common Market for Eastern and Southern A...
Banks to face more stress tests
in Sox First, on June 9, 2009
...ort was saying more or less that the economic assumptions for the stress tests had been too rosy as unemployment rises higher than originally forecast. "The unemployment rate climbed to 9.4 perce...
Rising healthcare costs put strain on homeowners
in The Mortgage Roadmap, on June 4, 2009
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Unemployment across the nation is at record highs. Foreclosures are, too. Of course, the two are related.
But unemployment isn't the only factor in the rise of mortgage delinquencies and hou...
Mortgage delinquencies not slowing
in The Mortgage Roadmap, on June 3, 2009
...he saddest part about covering the mortgage industry these days. I know that until the nation's unemployment rate finally begins to fall again, we'll continue to see the number of housing fore...
Be honest with your finances before taking on a mortgage
in The Mortgage Roadmap, on June 2, 2009
...ng today. The weak economy has led to seemingly endless rounds of layoffs and firings. The national unemployment rate is at record levels.
And when borrowers lose their jobs, making that mortgage pa...
What the GM bankruptcy means
in Sox First, on June 2, 2009
...rs people want to buy and drive, and sell them at prices that will allow it to make a profit. With unemployment in the US now surpassing 9% , the highest in 25 years, that will be a tall order. There...
