U.S. economy

Despite Economy U.S. Faces Worker Shortage

admin_huliq — Wed, 03 Dec 2008 20:38:14 -0600

Despite 14-Year Unemployment High, Some US Industries Still Face Worker Shortages; New Study Examines Workforce Strategy for Unemployed and Underemployed Americans. Study Shows Participants in Targeted Job Training Programs Experience Wage Gains, Obtain High-Quality Jobs and Move Out of Poverty.

Private Sector Cuts 250K Jobs: Tips For Survival

admin_huliq — Wed, 03 Dec 2008 10:32:30 -0600

The recession of the U.S. economy is taking a toll on the unemployment rates of the U.S. private sector. The companies have slashed 250,000 jobs in November only. This means quarter of million people have become jobless, an alarming levels for our ailing economy.

Finally Official: The U.S. is in a Recession

Iria — Mon, 01 Dec 2008 13:02:39 -0600

A rule of thumb is that recessions are indicated by two consecutive quarters of negative growth (or contraction) of gross domestic product (GDP). As such, it generally is something economists look back on, indicating a recession started months in the past.

The Financial Crisis Will Breakup USA, Says Russian Professor

admin_huliq — Tue, 25 Nov 2008 08:17:06 -0600

A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Riots already in Iceland due to financial crisis.

Consumer Financing The Next Bailout

admin_huliq — Tue, 25 Nov 2008 07:01:25 -0600

The financial crisis that started one year ago with the credit crunch has so far made the Federal Government to bail out the the banks, insurers and possibly the car industry. It seems that today, according to reports the Feds will unveil a plan to bailout the consumer, making consumer financing available to fuel the economy. This will allow you to get mortgage and car loans easier. However, wasn't the other bailed out money supposed to serve the same goal?

Fed Vice Chairman Says Economy 'Severe'

ruzik_tuzik — Wed, 19 Nov 2008 12:52:29 -0600

It is not a secret that the U.S. economy is declining. This has already become a major problem for almost everyone in the international financial markets, homeowners, small business and the list can go on. According to Federal Reserve Vice Chairman Donald Kohn's opinion, the economic crisis is the most serious one since 1990s.

Obama Says He'll Do Whatever It Takes To Stabilize

admin_huliq — Mon, 17 Nov 2008 09:24:04 -0600

U.S. President-elect Barack Obama has said he intends to do whatever it takes to stabilize the economy, restore consumer confidence and create jobs. Mr. Obama spoke in a television interview broadcast Sunday night.

Stock Market Nervous: Good News Helps Little

admin_huliq — Thu, 13 Nov 2008 08:34:20 -0600

As the bad news and the uncertainty about the financial rescue plan accumulate and stay, the global stock markets continue to fall. Uncertainty about the banking rescue plan advanced by US Treasury Secretary Henry Paulson Jr. and deepening gloom that the global financial crisis is biting harder hit Asian markets hard on Thursday. Tokyo closed down 5.25%.

Obama's First Radio Address; The Economy Indeed

Iria — Sat, 08 Nov 2008 11:36:47 -0600

It's a weekly cycle: George W. Bush makes his weekly presidential radio address, and the Democrats respond in kind. This week, however, a difference: it was Barack Obama who made the address.

U.S. Unemployment Rate Hits Fourteen-Year High At 6.5 Percent

admin_huliq — Fri, 07 Nov 2008 10:01:06 -0600

The job losses in October were much "worse than expected." The U.S. unemployment rate has fallen to 14-year low and is jobless rate is at 6.5 percent.

John McCain's Campaign Releases Statement On GDP

admin_huliq — Thu, 30 Oct 2008 21:57:40 -0500

Today, Doug Holtz-Eakin, McCain-Palin 2008 Senior Policy Adviser, issued the following statement on the Gross Domestic Product (GDP) number:

U.S. Economy Signals Recession Posting 3rd. Qtr. GDP Decline

admin_huliq — Thu, 30 Oct 2008 14:14:46 -0500

A new report says the U.S. economy and GDP declined in the third quarter, between July and September - the strongest indication yet that the nation may be sliding into a recession.