(Cryptogon) – Real Unemployment Calculation Act looks to force the government to stop using an unemployment rated that under-reports true unemployment by up to 50%. Read the rest of this entry »

(EconomicPolicyJournal) – HOT: Curious Trading by Federal Reserve Advisor May Result in JPMorgan Chase $1.264 Billion Windfall – Read More Here

(NYTimes) – Home Owners Stop Paying Mortgages – Read More Here

(MiamiHerald) – Gulf shrimpers fear oil spill will put them out of business – Read More Here

(CNNMoney) – Three American cities on the brink of broke – Read More Here

(BizJournals) – Four more Ga. banks get consent orders – Read More Here

(NewsObserver) – Mental health group can pay only half wages – Read More Here

(Fox43) – Video: Thousands of job losses possible if federal funding expires – Read More Here

(HometownAnnapolis) – Cohen to unveil more budget cuts – Read More Here

(ZeroHedge) – Bank Of International Settlements Warns To Ignore Banker “Doomsday Scenario” Fearmongering And Racketeering – Tyler Durden

Over the past two years, the one strategy that has elicited the greatest amount of anger in the general population has been the traditional resolution to the “lowest common denominator” strategy of fearmongering or racketeering by the financial elite, any time it was faced with a status quo extinction event Read More Here

(TheEconomicCollapse) – Europe’s Coming Summer Of Discontent

The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union. The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades. Read More Here

(Reuters) – China warns debt woes threaten global recovery

China warned on Monday that Europe’s struggle to contain ballooning debt posed a risk to global economic growth, raising the specter of a double-dip recession. Read More Here

(Reuters) – ECB warns of more bank loan losses

The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds. Read More Here

(PressTV) – Eurozone jobless rate hits record high

Unemployment rate in the Eurozone counties has jumped to a historic 10.1 percent — its highest since the introduction of Euro.

According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. Read More Here

(ABCNews) – Hewlett-Packard to Cut 9K Jobs; See $1B in Charges

Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial data centers. Read More Here

(AP) – Video: Deep Cuts Looming for Nation’s Public School Kid

Budget crises across the nation are forcing thousands of teacher pink-slips, shuttering classrooms and cutting school programs. This is the first story in a 3-part AP investigation series. Read the rest of this entry »

(TheStar) – European debt fears batter TSX

Fears that the effects of a government debt crisis could push Europe into a severe economic downturn sent the Toronto stock market tumbling Monday. Read More Here

(ComedyCentral) – Video: The Daily Show with John Stewart on Hoarders – Video Link Here

U.S. Debt Clock – View Clock Here

(ChartingStocks) – Why Gold And The Dollar Are BOTH Rising

An unusual dynamic has taken shape over the last few months – Both the US Dollar and Gold have been rising together. Normally, such a movement would seem counter intuitive as Gold is a commodity and commodities tend to move in the opposite direction of the US dollar. Read More Here

(FT) – Financial Crises Getting Worse Worldwide

The pace and severity of financial crises has taken an ominous turn for the worse. Over the past 30 years, a crisis has occurred, on average, every three years. Yet, now, only 18 months after the meltdown of late 2008, Europe’s sovereign debt crisis has hit with full force. With one crisis seemingly begetting another, and the fuse between crises now getting shorter and shorter, the world economy is on a very treacherous course. Read More Here

(Reuters) – Sears and Kmart to offer cash-for-gold service

Sears Holdings Corp (SHLD.O), which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar. Read More Here

(Bloomberg) – `There’s No Money Left,’ U.K. Minister Learns From Predecessor

Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job.
“Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying. Read More Here

Implode-O-Meter: Vicious Cycle – View Meter Here

(Bloomberg) – ‘There’s No Money Left,’ U.K. Minister Learns

Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job.

“Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying.

“Which was honest,” Laws, whose position is the No. 2 in the Treasury after the chancellor of the exchequer, told a press conference in London today. “But slightly less than I was expecting.”

The note underscores the task facing Britain’s Conservative-Liberal Democrat coalition as it seeks to reconcile demand for improved health and education services with promises to reduce the largest budget deficit since World War II. Read More Here

(May 16) – Video: Alex Breaks Down “Death of The Middle Class” on Alex Jones Tv Sunday Editon

Alex breaks down the international banking cartels continued plunder of the middle class here in america and how far they will go. – Part 1 Here Part 2 Here

(TimesOnline) – Germans lose faith in EU

The multi-billion-euro payout for Greece, followed by an even more expensive rescue package for the threatened single currency, has created the greatest political climate change in a generation. Read More Here

(Bloomberg) – Stocks, Euro Plunge on Concern Austerity Plans to Curb Recovery

Asian stocks fell the most in almost six months, led by the Shanghai Composite Index’s 5 percent plunge, the euro dropped to its lowest against the dollar since 2006 and the cost of insuring bonds from default jumped on concern European austerity measures will derail the recovery. Read More Here

(PaulWatson) – Financial Terrorists Want Global Currency, Global Central Bank

During a recent speech at a conference of elitists in Zurich Switzerland, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central bank which would act as the “lender of last resort” in the event of a severe economic crisis, which would represent another lurch towards fascist centralization of power by financial terrorists busy exploiting the fiscal chaos they created in order to impose world government.

Stating that “crisis is an opportunity,” Strauss-Kahn said that globalists should exploit the financial chaos plaguing the world in order to push for “a new global currency issued by a global central bank”. Read More Here

(BusinessInsider) – Germans Fantasize About New Rich-Nation Currency Bloc That Doesn’t Even Include France

Tonight’s must-read comes from Ambrose-Evans Pritchard at The Telegraph who offers some clear views on why the EU’s big shock & awe rescue plan is not having its desired result — why it hasn’t fully instilled confidence. Read More Here

(EconomicCollapseBlog) – The Extreme Frustration Of Unemployed Americans

When Barack Obama visited Buffalo recently, he was greeted by a billboard advertisement with a very pointed message about unemployment. In just a few words it summarized the frustrations of an entire region. The billboard along I-190 had this very simple message for Obama: ”Dear Mr. President, I need a freakin job. Period. Sincerely, inafj.org.” As word about this billboard got out, it quickly made headlines all over the United States. Why? Well, the truth is that millions of hard working Americans are extremely frustrated about their lack of work right now. When you don’t have a job and you can’t provide for your family, very little else seems to matter. In fact, according to a recent Gallup poll, unemployment is now the second most important issue to American voters. The number one issue is the economy. Read More Here

(AFP) – Euro rescue package ‘just buys time’: Merkel

A trillion-dollar package to shore up ailing eurozone economies merely buys time until the deficits of certain members of the 16-member zone are cleaned up, German Chancellor Angela Merkel said Sunday. Read More Here

(SilverBearCafe) – Rigging the Markets – How They Do It

While the rest of the financial world struggles, it might seem strange that four of the largest US banks have made record profits this past quarter – and not just on average, but every single trading day. Too good to be true? Indeed. Read More Here

(HuffingtonPost) – Detroit’s Unemployment Rate Is Nearly 50%, According to the Detroit News

As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether. Read More Here

(BeverlyHillsCourier) – Flood Of Calif. Businesses Abandon State

Numerous California businesses are packing up their bags and trading in the blue skies and hot weather to head east.

The Courier obtained a copy of the businesses leaving California this year. They are: Read More Here

(SKOptionsTrading) – Where next for Gold?

So far in 2010, all eyes in the gold market have been looking up at $1225 wondering whether gold get back to that all time high? Now that question has been answered yet another arises, where next for gold? Read More Here

(SteveWatson) – Video: Ron Paul – Those Who Voted Against Audit The Fed Will Pay The Price

Texas Congressman Ron Paul appeared on CNBC’s Squawk Box earlier today to discuss the financial crisis and his ongoing effort to audit the Federal Reserve.

Paul, speaking publicly for the first time since the Senate passed a watered down version of his HR1207 amendment to fully audit the Fed, said that those who had essentially voted for more Fed power would see repercussions. Read the rest of this entry »

What this country is coming to
I sure would like to know
If they don’t do something bye and bye
The rich will live and the poor will die
Doggone, I mean the panic is on!

–Song from the Great Depression

(RevoltofthePlebs) – As the Great Depression of the 1930’s was getting underway, President Herbert Hoover refused to acknowledge it.  In the weeks following the events of Black Tuesday, Hoover called the economy “fundamentally sound.”  Months later, he still insisted that the strength of the American economy was “unimpaired.”  However, by 1931 he could no longer hide the truth.  With the economy in shambles, Hoover was forced to declare that America was indeed in a ‘depression’.  He chose the word ‘depression’ because he believed it to somewhat innocuous and far less provocative than terms like ‘panics’ or ‘crises’ that had previously been used to refer to significant economic downturns. Read the rest of this entry »

(UnionLeader) – James M. Taylor: Cap and trade — taxing our way to bankruptcy

Senate Majority Leader Harry Reid, D-Nev., has declared (April 28) that he is making global warming the Senate’s top priority. With legislation likely to impose monumental costs on the nation’s economy while accomplishing no real-world climate benefits, this is a fitting conclusion for a Congress intent on bankrupting the nation through sheer clumsiness and ignorance. Read More Here

(BusinessWeek) – U.S. Carbon Limits to ‘Slightly’ Raise Jobless Rate (Update2)

U.S. limits on carbon dioxide and other greenhouse gases that scientists have linked to climate change would raise the unemployment rate, the Congressional Budget Office said today. Read More Here

(OzClimateSense) – Poll:Most Aussies Don’t Believe in Man-made Global Warming

The Sydney Morning Herald reports on a new Galaxy poll showing only 35% of Aussies believe in man-made global warming which is a huge blow to the warming lobby and shows how far out of step the Rudd Government is with the Australian population. Read More Here

(AOLNews) – Late-Season Snow, Frost on the Way

If you thought that all of the winter weather words were packed away in the back of the National Weather Service’s closet, not to be pulled out for months to come, you’re in for a surprise. Two words from the winter glossary — “snow” and “cold” — are going to be mentioned during this first full week of May. Read More Here

(C3Headlines) – Trees of Medieval Warming Period Found Under Swiss Glacier: Scientists Conclude MWP Warmer Than Present

Read here. Map here. Studying the fossil remains of trees located under a Swiss glacier, scientists verify that the treeline was some 200 meters higher than the current one. This indicates that Medieval Warming Period (MWP) was not only warmer, but lasted an extended period.

“Based on radiocarbon dating of the fossil wood remains of eight larch fragments found one meter beneath the surface of the ground at the base of the front of the Piancabella rock glacier,… the authors determined that the wood was formed somewhere between AD 1040 and 1280 …Then, based on this information and “geomorphological, climatological and geophysical observations,” they inferred that “the treeline in the Medieval Warm Period was about 200 meters higher than in the middle of the 20th century, which corresponds to a mean summer temperature as much as 1.2°C warmer than in AD 1950.”…adjusting for warming between 1950 and the present, we calculate
that the MWP was about 0.5°C warmer than the peak warmth of the CWP.”

More climate history postings. – Source: C3 Headlines

(OilPrice) – Climate Change: Money, Politics & Scandals

“With all the hysteria, all the fear, all the phony science, could it be that manmade global warming is the greatest hoax ever perpetrated on the American people? I believe it is.” – US Senator James M Inhofe (Republican – Oklahoma), 28 July 2003.
Such is the rallying cry of the climate change denial movement. Since Senator Inhofe made this statement seven years ago, the drive to discredit climate change and the science that underpins it has enjoyed considerable success, even as awareness about climate change and the threat it poses to humanity has gone mainstream. Read More Here

(Fox) – Video: New Revelations on Climategate – Sean Hannity Read the rest of this entry »

As the video below demonstrates, overpopulation is a myth. Globalists and their eugenic minions have misrepresented population statistics for decades in order to justify their agenda to wipe out large portions of the population. If this genocidal agenda continues, humanity will go the way of the Brontosaurus. Read the rest of this entry »

(RawStory) – The suicide rate among war veterans is extraordinary, new data reveals.

Thirty try to commit suicide each day, on average, reports the Army Times. Eighteen succeed, roughly five of whom receive medical care from Veterans Affairs, rated one of the best health programs in the country. Read the rest of this entry »

(AP) – Obama suggests value-added tax may be an option

President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days. Read More Here

(AP) – Millions face tax increases under Dems budget plan

President Barack Obama’s Democratic allies in the Senate promise to cut the deficit by almost two-thirds over the next five years, but their budget plan could threaten about 30 million people with tax increases averaging $3,700 in 2012 and after because of the alternative minimum tax. Read More Here

(GlobeAndMail) – Canada rejects IMF bank tax plan

‘Canada will not go down the path of excessive, arbitrary or punitive regulation of the financial sector,’ Finance Minister Flaherty says – Read More Here

(DailyMail) – Cameron in benefits threat to the workshy as he declares: ‘The free ride is over’

The message was carried on the first of a new series of posters, featuring the slogan: ‘Let’s cut benefits for those who refuse work.’ Read More Here

(TheEconomicCollapse) – America’s Crumbling Infrastructure

One of the key signs that we are in the early stages of an economic collapse and that we are heading towards another Great Depression is America’s crumbling infrastructure. The truth is that our infrastructure is literally falling apart all around us. Read More Here

(BusinessInsider) – Forget 10% Unemployment, The Real Job Loss Pain Number Is 54%

A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1/10th of Americans experiencing extreme financial stress from the recent recession.

Yet given the unemployment rate’s odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real ‘pain’ number is 54% — over half of American households felt the direct impact of job losses: Read More Here

Johnson & Johnson Under Justice Dept. Scrutiny for Illicit Drug Payoffs, Kickbacks

The U.S. Justice Department has announced that it is investigating pharmaceutical giant Johnson & Johnson for paying kickbacks to pharmacy benefits manager Omnicare. Read More Here

Antidepressant drugs cause premature births

A recent study published in the American Journal of Obstetrics & Gynecology revealed that pregnant women who take selective serotonin reuptake inhibitors (SSRIs) during their second or third trimesters are five times more likely to have a premature delivery than those not taking them. Such antidepressant drugs include sertraline (Zoloft), paroxetine (Paxil), and fluoxetine (Prozac). Read More Here

Honeybee Colony Collapse Disorder Finally Explained: Too Many Chemicals

A combination of toxic chemicals and pathogens are probably to blame for colony collapse disorder in honeybees, according to a study conducted by researchers at Washington State University. Read More Here

Just Walking Three Times a Week Slashes Death Rate Risk by 60 Percent

As little as 30 minutes of aerobic exercise three times per week can reduce the risk of early heart-disease-related death by 60 percent, according to a study conducted by researchers from the Department of Cardiology in New Orleans and published in the American Journal of Medicine. Read More Here

Non-stick chemical in cookware linked to thyroid disease

A British study published in the journal Environmental Health Perspectives has found that people with high levels of perfluorooctanoic acid (PFOA) in their blood also have higher rates of thyroid disease. PFOA is a chemical used in the production of many industrial and consumer products including non-stick cookware, stain-resistant carpet coatings, and fabric waterproofing treatments. Read More Here

Antibiotics Linked to Increased Risk of Birth Defects

Taking antibiotics during pregnancy can increase the risk of birth defects, according to a study conducted by researchers from the National Center on Birth Defects and Developmental Disabilities and published in the Archives of Pediatrics & Adolescent Medicine. Read More Here

(GlobalResearch) – Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America ’s Great Recession is shown by an official unemployment rate of about 10 percent, think again. Read the rest of this entry »

(BullionBullsCanada) – When Wall Street planned and executed the U.S. housing-bubble (and all its related scams), it destroyed the lives of tens of millions of Americans. Then, when it subsequently ‘crashed’ global markets, it inflicted hardship on most of the world. But the Oligarchs were just getting started. Read the rest of this entry »

(RussiaToday) – February 5, 2010 – Read the rest of this entry »

(DowJones) – The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market’s strength. Read the rest of this entry »

(Guardian) – Big rise in unemployment in 16-24 age group since recession began Read the rest of this entry »

(LondonTel) – December was the worst month for US unemployment since the Great Recession began.
The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. Read the rest of this entry »

(RawStory) – The US economy lost 85,000 jobs in December while the unemployment rate held at 10.0 percent, the government said Friday in a report dashing hopes of a turnaround in the ailing labor market. Read the rest of this entry »

The ultimate insider, Robert Rubin, who is a former secretary of the Treasury (1995–99) and now serves as co-chairman of the Council on Foreign Relations and is a fellow of the Harvard Corporation, in a Newseek opinion piece had this to say: Read the rest of this entry »

As we close out 2009 and look forward into 2010 and beyond, this has been a year of near financial catastrophe and monumental change, none of which benefited America or ordinary Americans. Late in 2008 and throughout 2009, events have happened in the US which would have been labeled unfathomable just a few short years ago, and yet already these monumental changes are expected to be filed into the memory hole and Americans are expected to believe nothing has changed. Read the rest of this entry »

(MSNBC) – A record 20 million-plus Americans collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent.

As the pace of layoffs slows, the number of new applicants visiting unemployment offices has been on the decline in recent months. But limited hiring means the ranks of the long-term unemployed continues to grow, with more than 5.8 million people out of work for more than six months.

The number of new claims for jobless benefits dropped last week to 432,000, the Labor Department said Thursday, down sharply from its late March peak of 674,000. The decline signals that the economy could begin adding a small number of jobs in January, several economists said. Read More Here

Nearly one out of two workers in Detroit are unemployed, according to a report by The Detroit News. It’s a figure far higher than the government’s official figure, which is still close to a staggering 30 percent. Read the rest of this entry »

(CNBC) – As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed. Read the rest of this entry »

(Bloomberg) – Leo Hindery, managing director of InterMedia Partners LP, talks with Bloomberg’s Pimm Fox about the U.S. unemployment rate. Hindrey also discusses ways the U.S. could create jobs. Read the rest of this entry »

As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution. Read the rest of this entry »

(NYT) – Editor’s note: The unemployment rate during the Great Depression was %20.
For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. Read the rest of this entry »

Even as the cataclysmic events of last year fade into memory and most pundits are convinced that the government alone can push the country into prosperity, if it only wasn’t for that pesky unemployment number that just refuses to cooperate, yet another comparison with the Great Depression emerges, Read the rest of this entry »

A revised formula for calculating medical costs and geographic variations show that approximately 47.4 million Americans last year lived in poverty, 7 million more than the government’s official figure. Read the rest of this entry »

I find it surprising that I’m now getting inquiries from readers, asking if “we’ve reached bottom” in the current economic recession, and asking if the time has come to start buying stocks or residential real estate. It seems that the talking heads of mainstream media are using some sort of voodoo. How can anyone think that we’ve hit bottom, and an economic recovery is in progress? To dispel the myths from the CNBC Cheering Section, please consider the following. (And note that I’ve provided references for each assertion, just so you know that I’m not talking out of my camouflage hat.): Read the rest of this entry »

(BobChapman) – The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession. Read the rest of this entry »

When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action. Read the rest of this entry »

The US unemployment rate reached 9.8 percent and the economy lost 263,000 jobs in September, according to figures released Friday by the Labor Department. The latest figures undermine claims of an imminent economic recovery and point to the likelihood that the US economy will remain mired in recession for the foreseeable future. Read the rest of this entry »

(Bloomberg) – U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.” Read the rest of this entry »

The overall poverty rate in the US rose to 13.2 percent in 2008, as workers across all sectors of the economy became jobless and increasing numbers of families were forced into destitution, according to a new government report. Real median household income also declined by 3.6 percent. Read the rest of this entry »

The US dollar still retains a disproportionately large representation in international trade transactions, official reserves and exchange rate regimes. Read the rest of this entry »

Unemployment in the US is at Great Depression levels. When discouraged and part-time workers are included, the real unemployment rate (how it used to be counted in official statistics) is over 20%. This has predictable outcomes for our children: one million homeless students, class sizes of 40-50 while 100,000 laid-off teachers sit at home, and our children’s growing disgust with American so-called ingenuity and leadership. Read the rest of this entry »

Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over. Read the rest of this entry »

What do you do after you have zero interest rates and you have flooded the world with money and credit? Read the rest of this entry »

As taxpayers stormed Washington, D.C., Saturday, they carried a host of creative handmade signs condemning government spending, soaring deficits, increased taxes, a high unemployment rate, Congress, czars, President Obama’s health-care plan and his eligibility status.

The following are just a few memorable photos and signs from the event: Read the rest of this entry »

As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit, student loans are more restrictive, and parents have seen 529 plans sink along side their retirement plans.  The upcoming school year will be highly competitive and expensive but will it be worth it?  Now college itself isn’t a direct link to a career and many bristle when they hear about vocational training.  Yet when someone is paying $50,000 a year, you have to ask what exactly you are paying for. Read the rest of this entry »

(Reuters) – More than 35 million Americans received food stamps in June, up 22 percent from June 2008 and a new record as the country continued to grapple with the worst recession since the Great Depression of the 1930s. Read the rest of this entry »

In the last few months the world economy has been saved from a near-depression. That feat has been achieved by a range of extraordinary government stimulus measures: In the U.S. and in China, and to a lesser extent in Europe, Japan and other countries, governments have pumped liquidity, slashed policy rates, cut taxes, primed demand and ring-fenced and back-stopped the financial system. All of this has worked, but at a cost. Governments have been spending and borrowing like never before. The question now is: how do they stop? Read the rest of this entry »

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday. Read the rest of this entry »

Here is a chart released by the government that claims to show the percentage of unemployed people in the United States as of July, 2009. It is a fictional snapshot of the actual number of unemployed and under-employed people. Read the rest of this entry »

(Reuters) – Long after President Barack Obama’s first term ends in 2013, millions of U.S. families will still be paying the price for the recession. Read the rest of this entry »

This week brought new indications that any economic “recovery” in the US will not be shared by the working class. Telecommunications giant Verizon announced that it would eliminate 8,000 jobs by the end of the year, new data showed that the foreclosure crisis is continuing to mount, and weekly initial jobless benefit claims rose. Read the rest of this entry »

(Bloomberg) – The number of Americans filing claims for jobless benefits last week held below levels seen in late June, before auto-related distortions set in, indicating firings are slowing as the economy stabilizes. Read the rest of this entry »