Canada's jobless rate falls in September for first time in nearly a yearOctober 9th, 2009 Canada's Sept. unemployment rate fallsTORONTO — Canada's unemployment rate fell to 8.4 percent in September, the first decline in almost a year.
Summary Box: Rising pink slips the biggest obstacle to a lasting economic recoveryOctober 2nd, 2009 Summary Box: Another cruel month for jobseekersRISING PINK SLIPS: Employers cut 263,000 jobs in September, after a reduction of 201,000 in August. Even though the economy is in a recovery, companies are still sticking with cost cutting.
Obama: Unemployment will be a 'big problem' for at least another yearSeptember 21st, 2009 Obama: Unemployment a problem at least 1 more yearNEW YORK — President Barack Obama says he expects unemployment will be a "big problem" for at least another year. Speaking during taping of "The Late Show" with David Letterman, Obama called the $787 billion economic stimulus program that Congress enacted earlier this year a "tourniquet" that stopped the economic bleeding.
OECD says economies to rebound earlier than predicted, though recovery remains fragileSeptember 3rd, 2009 OECD predicts earlier recovery than forecastPARIS — The world economy is headed for an earlier recovery than previously forecast, although the pace of the rebound will likely remain modest for some time to come, the OECD said Thursday. The Paris-based watchdog of industrialized nations said recessions this year in Japan and the euro zone will be less severe than the organization forecast in June, while the outlook for the U.S.
Obama visits northern Indiana RV factory Wednesday to highlight economic recovery effortsAugust 5th, 2009 Obama visits Indiana to highlight recovery effortsWASHINGTON — President Barack Obama is visiting a recreational vehicle plant in northern Indiana on Wednesday to highlight his administration's efforts to rescue the economy. Obama will travel to Wakarusa (wah-kah-ROO'-sah), near Elkhart, where he is to deliver remarks at the Monaco RV factory.
Geithner: Growth widely expected in second half of this year, unemployment easing next yearAugust 2nd, 2009 Geithner: Consensus is for growth later this yearWASHINGTON — Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is expected to grow later this year and unemployment could ease in the second half of 2010. He's citing the general view of private economists for his forecasts.
Obama says policies have created jobs, but hiring will be slow in recoveryJuly 23rd, 2009 Obama: Hiring will be among last things to improveWASHINGTON — President Barack Obama says economic steps by his administration have saved jobs and created new ones. But he says new hiring is among the last things to improve during an economic recovery.
Obama: Unemployment likely to tick up as hiring lags behind other signs of economic recoveryJuly 14th, 2009 Obama: Unemployment likely to keep ticking upWASHINGTON — President Barack Obama on Tuesday declined to predict how high unemployment will climb but made clear he expects it to keep worsening for a while as hiring lags behind other signs of economic recovery. "How employment numbers are going to respond is not year clear," the president said on a day when he was headed to Michigan, home of a particularly battered economy.
Obama says he will hold off on seeking a second stimulus program for beleaguered economyJune 23rd, 2009 Obama: No new stimulus needed, but quicker resultsWASHINGTON — President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle. The president said Tuesday that more time is needed to assess the effectiveness of the $787 billion economic stimulus plan enacted early this year.
Unemployment in OECD countries to approach 10 percent in 2010, OECD saysJune 23rd, 2009 OECD warns unemployment will rise in 2010PARIS — Unemployment in the 30 most developed market democracies of the world will continue to rise next year to reach almost 10 percent by the end of 2010, the Paris-based Organization for Economic Cooperation and Development said Tuesday. More than 57 million people will be unemployed in the 30 countries making up the OECD at the end of 2010, up from 37.2 million at the end of 2008, the international body said in a report.
Obama promises more than 600,000 stimulus jobs; Cabinet questions spending and job creationJune 8th, 2009 Obama promises more than 600,000 stimulus jobsWASHINGTON — President Barack Obama says the United States remains in a deep recession that will take considerable time to escape. Obama met at the White House with his top administration officials on Monday to hear an update on his $787 billion spending plan.
Obama economic adviser predicts 2nd quarter contraction, increases in unemploymentApril 30th, 2009 Obama adviser sees increase in unemploymentWASHINGTON — Unemployment will increase in the next several months, but the pace of the nation's economic slide will moderate and level out in the second half of the year, a top Obama economic adviser told Congress Thursday. Christina Romer, the chairwoman of Obama's Council of Economic Advisers, predicted another economic contraction in the second quarter of the year and delivered a downbeat assessment about unemployment.
Obama says economic policies will help minority communities by helping the entire nationApril 30th, 2009 Obama says economic recovery will help minoritiesWASHINGTON — President Barack Obama says the best way to help hard-hit minority communities is to help the entire nation thrive. Obama was asked Wednesday about his specific plans to help black communities, which tend to have higher unemployment rates than whites.
American worries over unemployment tripleMarch 17th, 2009 WASHINGTON - More than a third of the Americans today, or thrice as many as last year, are worried about rising unemployment instead of rising gas prices and inflation, according to a new national poll. In a new CNN/Opinion Research Corp.
Obama, Brown seek concerted G20 action to fight economic crisisMarch 4th, 2009 WASHINGTON - President Barack Obama and British Prime Minister Gordon Brown have called for coordinated action by 20 major developed and emerging economies to fight the worldwide economic crisis. 'One of the things that Prime Minister Brown and I talked about is how can we coordinate so that all the G20 countries, all the major countries around the world, in a coordinated fashion, are stimulating their economies?' Obama said Tuesday.
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