Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – The unemployment rate grew 9 percent in April despite the economy adding more jobs than was expected. The Labor Department said on Friday nonfarm payroll increased 244,000 during the period, boosted by gains in the service, manufacturing and mining industries. In the private [...]
Tim Pearson, Haley’s top aide, said her proposal would issue revenue bonds to help pay $972 million in federal loans that kept the state’s jobless receiving benefits amid chronically high unemployment and the economic downturn. View full post on All Stories
Tera Burbank and her husband, John Clark, are construction workers who have been out of work for more than a year. The Henderson residents live off unemployment and student loans. View full post on All Stories
Linda Young – AHN News Writer Washington, DC, United States (AHN) – Federal Reserve chief Ben Bernanke says the unemployment rate in the United States will not drop to pre-financial crisis levels for a number of years. Bernanke made that statement Thursday in answer to questions about the economy from the Congressional Committee on the [...]
With most states already swinging in the recessionary winds, more bad news-many will have to start paying interest on the money they borrow to pay unemployment benefits. When jobless levels hit the unthinkable, with some states seeing 14%-15%, many had to go cap in hand to the feds to… View full post on All Stories
WASHINGTON (Reuters) – U.S. consumers continue to struggle to pay back home equity, auto and other loans as high unemployment drags on the economy. View full post on All Stories
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New claims for unemployment compensation dropped to 421,000 for the week ending Dec. 4, a decrease of 17,000 claims from the week before, according to the U.S. Department of Labor. Not all jobless workers are insured by the unemployment compensation program. The advance [...]
Linda Young – AHN News Writer Washington, DC, United States (AHN) – Jobs recovery in the United States stalled in November with unemployment rising to 9.8 percent from 9.6 percent in October while the economy created only 39,000 jobs, Labor Department officials said Friday in the monthly report. That jump in the unemployment rate came [...]
Linda Young – AHN News Writer Madrid, Spain (AHN) – Spain’s weak economic recovery stalled in the third quarter, according to data from Spain’s National Statistics Institute. Preliminary figures for the gross domestic product (GDP) from July to September shows it unchanged from Q2. In addition, GDP for the year was only up 0.2 percent [...]
AHN News Staff London, England, United Kingdom (AHN) – More Britons are savings larger amounts of money, according to the survey of National Savings & Investments released Monday. The study attributed the growing savings habits of Britons to fears of unemployment. According to the annual savings survey, 52 percent of the country’s population saves money. [...]
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