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US economy

Unemployment rate under President Barack Obama

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NEW YORK (CNNMoney) — Everyone in Congress says they want to help create jobs and economic growth.

But federal agencies and government contractors in the private sector, which actually hire people, may find that ironic. They are still in the dark about future funding levels because lawmakers have not said whether they will replace heavy-handed automatic spending cuts set to take effect next year.

The rest of the story …

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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.

Read the rest of the story.

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Long-term unemployment is still a huge problem in the economy

June 11, 2012

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 [...]

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May jobs report show that the economy still sucks

June 4, 2012

Employers added just 69,000 jobs in May, about half of what was expected, and the unemployment rate ticked up to 8.2 percent, the government said Friday in an awful jobs report that offered incontrovertible evidence that the U.S. economy is slowing sharply. Read more: http://www.stltoday.com/news/national/jobs-report-is-bad-news-for-economy/article_a1c9026c-04df-5ead-a99c-9a1ccd788173.html#ixzz1wqpXUU7c

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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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Occupy movement calling for a ‘general strike’ on May Day

April 30, 2012

NEW YORK (CNNMoney) — The Occupy movement is organizing a nationwide protest on Tuesday, asking Americans not to attend work or school on a day that’s already a progressive holiday overseas. In what Occupy organizers are calling “a day without the 99%,” protesters are planning to participate in a “general strike” on Tuesday: no work, [...]

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