Evidence that a major slowdown in economic activity is hitting the UK job market emerged today as unemployment surged past 2.5million to a 17-year high. The total number of jobless adults increased by a hefty 114,000 to 2.57million in June-to-August, official figures showed today, the worst figure since the autumn of 1994. A jobless rate [...]
WASHINGTON — After two years on the unemployment rolls, Selena Forte thought she’d found a temporary job at a delivery company that matched her qualifications. But Forte, a 55-year-old from Cleveland, says a recruiter for an employment agency told her she would not be considered for the job because she had been out of work [...]
WASHINGTON — Unemployment has been stuck near 9 percent since the recession ended more than two years ago. The jobs report for September on Friday sent the clearest signal to date that the crisis will last through next year’s elections. The pain isn’t confined to the 14 million officially unemployed Americans. Among those hurt by [...]
WASHINGTON — Even if Congress heeds President Barack Obama’s demands to “pass this bill right away” and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years. Why? Because the 1.9 million new jobs the White House says the bill [...]
Sales tax revenue has plummeted since the start of the recession. And for certain states, that’s been a particularly big blow. Of course, sales tax rates vary significantly across states. But factor in local rates and the variation only becomes more apparent, according to the Tax Foundation. Indeed, just because a state has a high statewide [...]
Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday. The number of children under six living in poverty rose to 5.9 million in 2010 from 5.7 million in 2009, researchers from the Carsey Institute at the University of New Hampshire found. The ranks of [...]
The closer one looks at the Census data on American poverty, the more discouraging it becomes. It was already known that the national poverty rateclimbed to 15.1 percent last year, the greatest percentage since 1993, and that the actual number of Americans living in poverty had hit 46.2 million, the highest number since the Census [...]
A shortage of jobs and falling incomes have left an overwhelming share of Americans convinced that the Great Recession is not over, according to a Gallup Poll released Wednesday. Eight in 10 Americans believe that the nation’s economy is not growing and that the recession is an ongoing problem, the poll found. Nearly 75 percent [...]
From 24/7 Wall St.: Some companies become so badly damaged because of changes in the competitive markets or due to poor management decisions that their employees lose hope. This may be due to the fact that they believe the corporations that they work for have little future, or that they will be laid off as [...]
ATLANTIC CITY, N.J. — These are the best of times, and the worst of times, for America’s debt collectors. The prolonged economic turmoil has created more opportunity than ever for the profession, even while making it harder than ever to get folks to pay up. A gathering of debt collectors in Atlantic City this week [...]
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