jobless recovery

Holiday Hiring Takes a Hit, Despite a Brighter Economy

Retailers and shipping companies are adding fewer new jobs than they did a year ago. One reason for the low number is that employers began shopping for seasonal workers earlier than usual, boosting hiring in October. If retail sales hold up, December could see more hiring.

Jobless Claims Rise More Than Expected

Initial jobless claims rose 26,000 to 436,000 last week. The four-week moving average, a clearer measure of unemployment trends, fell 5,750 to 431,0000, Reuters said.

Millions of Unemployed Face a Loss of Benefits

Unemployed Americans are keenly awaiting congressional action on the latest extension of jobless benefits. With a midnight Tuesday deadline looming, some 2 million jobless workers face losing their only source of income in coming weeks.

Will Property Taxes Really Escape the Downturn?

A recently updated Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted recently, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic prediction ignores the bigger picture.

Street Smart: What the Heck Is a Jobless Recovery?

When it comes to economic jargon there may be no more aggravating or seemingly contradictory phrase than "jobless recovery." What good is a recovery if it doesn't put people back to work? DailyFinance explains this oxymoronic state of affairs. [Video]

Negative Attitudes Straining Worker Productivity

About 60% of those polled in a recent survey said negativity is making it more difficult for employees to stay focused. Criticism, gossip and lack of teamwork are all contributing to reduced productivity, the poll found.

GOP Blocks Bill to Extend Jobless Benefits

Unemployed Americans are facing a bleaker holiday season after Republicans in the House of Representatives thwarted an expedited effort by Democrats to extend jobless benefits into next year. The measure passed by a 258-154 vote, but failed to meet the two-thirds majority required for "fast-track" legislation. Republicans opposed the legislation because it wasn't paid for with unused funds from last year's economic stimulus program.

The Politics of Long-Term Unemployment

Come the end of November, some 2 million jobless workers won't be able to rely on their unemployment check unless Congress again extends the aid. But with the GOP regaining the House, the odds of that extension just got a lot longer.

Jobless Claims Drop to a Three-Month Low

Initial jobless claims fell 21,000 to 434,000 in the week ending Oct. 23. The revised figure for the previous week was 455,000. The four-week moving average, a clearer measure of unemployment trends, fell 5,500 to 453,250, the Department of Labor said. The revised average for the previous week 458,750.

Initial Jobless Claims Unexpectedly Rise 13,000 to 462,000

Just call this week%u2019s labor report a wash: Initial jobless claims unexpectedly jumped 13,000 to 462,000, but continuing claims plunged another 112,000, and the trend in state-level claims continues to provide evidence that the period of layoffs is subsiding.

From Hard Worker to Recession Victim to New Hope

When DailyFinance first met Candido Gonzalez last December for our series on "The New Homeless," he had been laid off for two years from his job of 19 years -- and was living in the Bowery Mission. Today, the father of two finally has a job and a new outlook.

The Job-Creation Engine Remains Stalled

The economy lost 95,000 jobs in September, mainly because the private sector hired only 64,000 workers while governments cut 159,000 jobs. The unemployment rate was unchanged at 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lacks a catalyst for job creation.

Temp Market Shows Hints of a Hiring Revival

While the U.S. unemployment rate has remained frustratingly high, the sector specializing in short-term and freelance jobs has taken on a split personality of sorts. Demand for contractors is ticking upward, but pay rates are going the other way.

Jobless Claims Fall to Two-Month Low

Initial jobless claims fell 3,000 to 450,000 in the week ending Sept. 11. The revised figure for the previous week was 453,000 The four-week moving average, a clearer measure of unemployment trends, fell 13,500 to 464,750 the Department of Labor said. The revised average for the previous week was 478,250.

Obama Attacks GOP for Failing to Act on Economy

In a rare Friday press conference at the White House, President Obama stayed on the offense against Republican, accusing them of dragging their feet just as the economy needs another boost.

Obama Pushes His New Stimulus Plan

President Obama is speaking in Cleveland Wednesday, laying out more details of his plan to get the economic recovery back in gear: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make capital improvements now rather than later.

Could Congress Eliminate the Federal Budget Deficit?

The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that's unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn't be nearly as hard as it might at first appear.

Obama's Business-Friendly Proposals Aim to Quiet His Critics

Recognizing that voters are worried about the economy, President Obama is offering an olive branch to his critics with a $50 billion infrastructure plan and a deal to make the R&D tax credit permanent. Conservatives say it's too little too late, but the game is far from over for the Democrats.

Is this the Era of an Economically Irrelevant America?

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.

August Auto Sales May Be the Worst in 28 Years

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The slowing economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

Initial Jobless Claims Unexpectedly Rise to 484,000

Initial jobless claims rose 2,000 to 484,000 in the week ending Aug.7. The revised figure for the previous week was 482,000. The four-week moving average, a clearer measure of unemployment trends, rose 14,250 to 473,500. The revised average for the previous week was 459,250, the Department of Labor said in a statement.

The Sign Wall Street Really Wants to See

The third peak week of earnings season is here. But if stocks have any hope of breaking out of their range-bound rut, the market will need proof of a consistent drop in weekly jobless claims, says Kenny Polcari, managing director at interdealer broker ICAP Corporates.

What the U.S. Can Learn From Germany's Economic Rebound

Its too soon to say if Europe's sharp economic rebound is sustainable. But juggernauts like Germany are surging ahead on exports and have recouped nearly all the jobs they lost during the downturn, and the U.S. might want to consider taking a lesson from their success.

Consumer Confidence Hits Five-Month Low

The downward slide in consumer confidence continued in July as the main confidence index fell to a five-month low, providing yet another sign that the U.S. economic recovery may have lost some of its momentum. The big concern for Americans? No, surprise, it's still jobs.