Obama not ready to say recession is over, says jobs picture could worsen in coming monthsSeptember 20th, 2009 Obama not yet prepared to declare recession overWASHINGTON — President Barack Obama isn't ready to close the book on the recession. Only last week Federal Reserve Chairman Ben Bernanke said the worst recession since the 1930s was probably over.
Fewer Australians looking for a jobSeptember 9th, 2009 SYDNEY - Australia's unemployment rate remained steady in August at 5.8 percent of the workforce despite full-time positions falling by 30,800 and only 3,800 part-time positions created, official figures released Thursday showed. The rate held steady because poor economic conditions led to fewer people looking for jobs.
American to cut 921 flight attendants jobs, including 228 layoffs, others taking leaveSeptember 1st, 2009 American to cut 921 flight attendants' jobsDALLAS — American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue. The airline said Tuesday that the cuts will take effect Oct.
Colorado jobless rate rises slightly to 7.8 percent in JulyAugust 21st, 2009 Colorado jobless rate up slightly to 7.8 percentDENVER — Colorado's unemployment edged up 0.2 percentage point to 7.8 percent in July. After seasonal adjustments, the number of Coloradans with jobs fell 14,500 in July to just under 2.5 million, the Department of Labor and Employment said Friday.
Unemployment rate in California climbs to 11.9 percent in July, up from 11.6 percentAugust 21st, 2009 California unemployment rate climbs to 11.9 pct.SAN FRANCISCO — California's unemployment rate climbed to 11.9 percent in July, the highest number in modern record-keeping. That's an increase from 11.6 percent in June and considerably higher than the jobless rate of 7.3 percent a year ago.
Summary Box: Bernanke sees economy nearing a recovery, but financial problems persistAugust 21st, 2009 Summary Box: Bernanke sees economy near recoveryWHAT HAPPENED?: Federal Reserve Chairman Ben Bernanke offered his most optimistic view on the economy since the financial crisis struck. He said there's a good chance the economy will start growing again soon.
White House welcomes better-than-expected jobs report, says improvements still necessaryAugust 7th, 2009 White House calls job report good news for economyWASHINGTON — The Obama White House is applauding an encouraging jobs report as evidence the country has retreated from the brink of depression. Presidential spokesman Robert Gibbs told reporters Friday there remains plenty of work to do despite the latest government report showing that unemployment went down from 9.6 percent to 9.4 percent in July.
Watson Pharmaceuticals' CFO takes leave of absence, health reasons citedJuly 27th, 2009 Watson Pharmaceuticals' CFO takes leaveMORRISTOWN, N.J. — Watson Pharmaceuticals Inc.
Retail job cuts moderate, with 21,000 in June, but conditions may worsen for the industryJuly 2nd, 2009 Retailers cut 21,000 jobs in JuneNEW YORK — Retail job cuts moderated in June, when U.S. merchants trimmed 21,000 as they kept shuttering stores, but weakness in the overall job market looms over retailers, who need consumers to spend more freely.
New manager of government's bank bailout program says he sees signs economy is on the mendJune 24th, 2009 TARP chief sees sun peeking through economic stormWASHINGTON — The new manager of the government's $700 billion bank bailout program says he sees signs the economy is on the mend even though high unemployment and falling home prices remain a threat. In prepared testimony for a congressionally appointed panel, Herbert Allison said Wednesday it is critical for the government to remain vigilant and "press ahead" with recovery efforts.
Obama promises more than 600,000 jobs by accelerating federal stimulus spendingJune 8th, 2009 Obama ramps up stimulus spending to create jobsWASHINGTON — President Barack Obama is promising to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs. Many of the stimulus projects that Obama said will save or create jobs this summer already were in the works at military bases and airports, on roads and in school districts.
Stocks open higher as report says employers cut fewer-than-expected jobs in MayJune 5th, 2009 Stocks jump on better-than-expected jobs reportNEW YORK — Investors are cheering a government report that said employers cut fewer jobs than expected last month. Stocks rallied in the early going Friday after the Labor Department said 345,000 jobs were lost in May, significantly less than the half-million economists had been expecting and the fewest since September.
Meltdown 101: The JOLTS report on job openings, hiring and layoffs offers clues about economyMay 12th, 2009 Meltdown 101: Mining the JOLTS for job cluesWASHINGTON — The good news is that, even in a recession, there are 2.7 million jobs available around the country, according to a government report released Tuesday. The bad news is that there are, on average, about five unemployed people for each one.
Fed leaves rate at record low; sees signs recession easing but warns economy will remain weakApril 29th, 2009 Fed sees signs recession may easingWASHINGTON — The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak. Against that backdrop the Fed held its key lending rate at a record low of between zero and 0.25 percent.
Fed leaves rate at record low; sees signs recession easing but warns economy will remain weakApril 29th, 2009 Fed says it sees signs recession may be easingWASHINGTON — The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak. Against that backdrop the Fed held its key lending rate at a record low of between zero and 0.25 percent.
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