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unemployment
By 
Tags: 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%.
Compared to last year that’s a 21% rise. December’s housing starts were also revised upward.
..
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.
President Obama proposed that Congress establish homeowner incentives to retrofit homes so that they become more energy efficient.
Reacting to the figures, Senator Max Baucus, Chairman of the Finance Committee, introduced new legislation Friday that would provide four additional weeks of unemployment insurance in all states
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan mortgage first time home buyer tax credit Loan to Value Uncategorized Upside Down unemployment Real Life Stories Obama Financial Reform Obama Housing Plan Falling Home Value Refinance Lenders home value Credit Mortgage Revision economic news Loan Modification Foreclosure Help
January 11, 2010 
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