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Topic: unemployment
Today the Bureau of Labor Statistics announced that in February the economy lost 36,000 jobs, an increase of 10,000 compared to January, yet the nation’s unemployment rate stayed steady at 9.7%
Continued unemployment is seen to be the cause of the drop in consumer confidence, Twenty thousand Americans lost their jobs in January, despite a marginal easing of the unemployment rate to 9.7%.
“The worst of the storm has passed, but the devastation remains. One in 10 Americans still cannot find work. Many businesses have shuttered. Home values have declined.”
By Paul M. J. Suchecki
Tags: Massachusetts Senate Vote, Obama Plan, Scott Brown Election, ...
No CommentsAs Democrats seek to assign blame for their defeat, it would be useful to take a look at those bleak days when Franklin D. Roosevelt did take over as president.
When we look back on 2009, we see a year where missteps along the way could have plunged the world into another Great Depression. Picture a traditionalist like Herbert Hoover in charge. AIG, Citicorp, Bank of America, General Motors and Chrysler would have been left to fail. Millions more would now be out of work. [...]
Drilling down to the local level, the picture remains bleak for many communities across the country. In California, the state with the most number of foreclosures, some areas have unemployment on a par with the Great Depression.
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