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Economic recovery

Unemployment rate under President Barack Obama

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NEW YORK (CNNMoney) — There are far more jobless people in the United States than you might think.

While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

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NEW YORK (CNNMoney) — The national unemployment rate has fallen from its recession highs, but Americans who have been out of work for six months or more are still having trouble finding work.

The numbers are staggering. The ranks of the long-term unemployed swelled last month from 5.1 million to 5.4 million, and those individuals now account for 42.8% of the unemployed.

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A journey through unemployed America: Voices of America’s laid off workers

May 14, 2012

Writer DW Gibson traveled across the country in search of the Great Recession’s victims. The result: Not Working, a portrait of America’s 21st-century unemployed. Here are a few of the tales he came home with. Over the summer and fall of 2011, I drove across the country from southern California to New York City. I [...]

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Gas prices creeping towards $4.00 a gallon

March 12, 2012

NEW YORK (CNNMoney) — The national average price for a gallon of gasoline rose above the $3.80 mark Monday, resuming the advance that has plagued drivers throughout the winter. MORE

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Fed Bernanke: job market still sucks, household income is flat, and Obama’s economic policies still stink

February 29, 2012

NEW YORK (CNNMoney) — Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn’t exactly rosy. The job market remains “far from normal,” household income is flat and access to credit remains too tight for many people, he said. [...]

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Gingrich, Romney, and Santorum would add to our debt and deficits; conversely, Ron Paul offers a decrease

February 26, 2012

NEW YORK (CNNMoney) — Newt Gingrich’s economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren’t among them. Same goes for Rick Santorum’s and Mitt Romney’s economic plans. Indeed, a preliminary analysis by the independent Committee for a Responsible Federal Budget released Thursday estimates that the three [...]

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