Comments on: Unemployment Rises, Payroll Losses Far Exceed Analysts’ Estimates

By: Hot Stats: The One Jobless Indicator That Hints at the End of the U.S. Recession

Hot Stats: The One Jobless Indicator That Hints at the End of the U.S. Recession — Tue, 04 Aug 2009 14:05:10 +0000

[...] to the latest government statistics, the U.S. unemployment rate is 9.5% – a 26-year high – and some analysts say it could spike to 12%. And when the U.S. economy does turn around, the [...]

By: U.S. GDP Contraction Slows, but the Road to Recovery Will Be Rocky

U.S. GDP Contraction Slows, but the Road to Recovery Will Be Rocky — Mon, 03 Aug 2009 10:14:21 +0000

[...] rising unemployment and a looming jobless recovery, Naroff is optimistic about consumer [...]

By: How to Use the Internet to Find a New Job

How to Use the Internet to Find a New Job — Tue, 28 Jul 2009 10:00:55 +0000

[...] U.S. unemployment at a 30-year high of 9.5% – and expected to go higher – the search for a new job is certain to become a tougher challenge. In [...]

By: The Eight Catalysts That Will Make or Break Consumer Confidence - and Perhaps the Economic Rebound - in the Year's Second Half

Mon, 27 Jul 2009 08:00:21 +0000

[...] are a little more worried about the economy, especially over the labor market and what’s happening in Washington,” David Wyss, chief economist with Standard & [...]

By: Buy, Sell or Hold: Buy iShares Barclays 20+ Year Treasury Bond ETF For Solid Profit at a Time of Great Uncertainty

Mon, 13 Jul 2009 14:20:03 +0000

[...] going to come from, especially since unemployment blew right through the promised 8% peak to the current level of 9.5%? On top of that, last week’s rise in continuing jobless claims and Friday’s drop in [...]

By: kettle2

kettle2 — Mon, 13 Jul 2009 14:13:15 +0000

increase employers share…they have to carry the load; like everyone else….increase working employees pay into…also create another payroll tax to help carry the load.

By: Investment News Briefs

Investment News Briefs — Wed, 08 Jul 2009 10:00:52 +0000

[...] Rising unemployment is taking its toll on credit card delinquencies, which escalated to 6.6% in the first quarter, up from 5.5% in the fourth quarter, according to a American Bankers Association (ABA) report. More than a third of the 6 million jobs lost since the recession began in December 2007 occurred in the first quarter of this year, the ABA said. Late payments on home equity loans increased from 3% to 3.5%. “The number one driver of delinquencies is job loss,” said ABA chief economist James Chessen. “When people lose their jobs, they can’t pay their bills. Delinquencies won’t improve until companies start hiring again and we see a significant economic turnaround.” [...]

By: With Unemployment Soaring, Will the U.S. Require a Second Stimulus?

With Unemployment Soaring, Will the U.S. Require a Second Stimulus? — Tue, 07 Jul 2009 19:46:19 +0000

[...] unemployment rate rose to 9.5% in June, its highest level since 1983, and is expected to climb above 10% by the end of 2009. When the first stimulus bill was passed [...]

By: Another Dismal Earnings Season for U.S. Companies?

Another Dismal Earnings Season for U.S. Companies? — Mon, 06 Jul 2009 10:18:20 +0000

[...] in the side of the economy and the primary reason any recovery will be slow to develop. The unemployment rate pushed closer to the dreaded 10% level, and now stands at 9.5%, its highest level in almost 26 years. More than 465,000 jobs were [...]

By: Oil Prices Due for a Short-Term Setback, Although Long-Term Outlook Remains Bullish

Mon, 06 Jul 2009 10:06:32 +0000

[...] demand to soak it up. Investors seemed to undergo a min-epiphany of that reality on Thursday, when disappointing jobless numbers raised concern “about the strength and timing of a recovery," James Williams, an [...]