Category Archives: Unemployment

Long-term jobless face deep cuts in benefits

Full Story at BottomLine.msnbc.msn.com Time is running out for Congress to renew extended unemployment benefits for millions of American workers out of a job. If the latest GOP proposal is enacted, time will also run out a lot sooner for the checks workers collect for extended jobless insurance benefits. Workers in states with the worst [...]

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Recession’s second act would be worse than the first

Full Story at BottomLinemsnbc.msn.com Fresh evidence of a global economic slowdown has raised fears that governments around the world may be powerless to reverse it. If the world does fall into back into recession, it could be much harder to escape than the contraction that ended in 2009. With banks still recovering from a decade-long [...]

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Schools send out hundreds of preliminary pink slips

Full Story at MercuryNews.com Reflecting the uncertain and dire budget picture, South Bay schools have notified hundreds of teachers, counselors and other school employees — including all administrators in two school districts — that they may not have a job next school year. Although warning of possible layoffs is an annual spring ritual to meet [...]

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States ignored warnings on unemployment insurance

Full Story at news.Yahoo.com WASHINGTON – State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits sounded alarms about the dwindling amount of money states were setting aside to pay unemployment insurance to laid-off workers. “Trust Fund Reserves Inadequate,” federal auditors said in a 1988 [...]

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Kids, parents still waiting on Head Start

Full Story at CNN.com Pontiac, Michigan (CNN) — Lamont Butler is a single father, unemployed for more than a year and trying to do the best for his daughter, 3-year-old Samaya. The family qualifies for the federal government’s free pre-kindergarten program, Head Start, but has been on a waiting list for more than a year. [...]

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Number of illegal immigrants in U.S. declining

Full Story at msnbc.msn.com WASHINGTON — The number of illegal immigrants living in the U.S. has dropped for the first time in two decades — decreasing by 8 percent as the sour economy dried up jobs and increased enforcement made it harder to sneak across the border with Mexico, a new study finds. Much of [...]

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Jobless benefits to expire as Senate recesses

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — For the nation’s unemployed, here we go again. The House voted Friday to extend the deadline to file for federal unemployment benefits, but not before the Senate recessed for a week-long Memorial Day break. So jobless Americans will start running out of benefits after June 2.

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Unemployment on the rise for veterans of current wars

Full Story atCNN.com Washington (CNN) — The unemployment rate for veterans of the Iraq and Afghanistan wars reached 14.7 percent in March, according to the latest government statistics. The number of unemployed veterans increased to more than 250,000, up about 40,000 over the previous month’s figures, according to the Department of Labor Statistics. Veterans groups [...]

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Unemployment Expected To Hit 7.9 Percent

Full Story At  CBS News (CBS/AP) Cost-cutting employers are resorting to even bigger layoffs as they scramble to survive the recession, feeding insecurities among those who still have jobs and those who desperately want them. The Labor Department on Friday is slated to release a report expected to show that February was an especially cruel [...]

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GM Posts $30.9B Loss, Keeps Spending Billions

Full Story At ABC News The teetering company, once the symbol of American industrial might, revealed Thursday that it burned through $19.2 billion in cash last year on its way to a $30.9 billion loss. The century-old automaker said its only hope of living another year is more aid from the government.

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States Hobbled By Unemployment Bills

Full Story At  CBS News (CBS) One fallout of the economic crisis has been the rise in unemployment, which stood at 7.2 percent in December. More than 4.6 million Americans are now receiving jobless benefits, and that’s putting a serious squeeze on state budget, reports CBS News correspondent Michelle Miller. Twenty-six year-old Michelle Bozikova was [...]

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