Frustrated job seekers deciding to call it quits

2010-02-22T11:03:19Z

<div id="subtitle">With hiring still scarce, many frustrated job seekers are deciding to call it quits</div><div><p>Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time.</p><p>The economy is growing. Yet it's creating few jobs. That's why in the past eight months, 1.8 million people without jobs left the labor market. Many had grown...

Job woes, debt to curb retail comeback: experts

2010-02-22T21:57:08Z

<div><p>NEW YORK (Reuters) - U.S. retailers are in for a much better year as the economy improves, but stubborn unemployment and high consumer debt levels will limit the extent of the recovery, industry experts said on Monday.</p><p>Moody's Economy.com Chief Economist The Associat...

Small businesses on front line in Obama's jobs fight

2010-02-24T08:27:15Z

<div><p>With unemployment fast becoming one of US President Barack Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses.</p><p>After months of high-level intervention to save mega-firms like General Motors and

Higher jobless rates could be new normal

2010-02-24T17:07:34Z

<div id="subtitle">Outlook is grim for replacing jobs lost in recession despite other signs of economic recovery</div><div><p>Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years.</p><p>That could add up to a "new normal" of higher joblessness and lower standards of ...

Meltdown 101: Earning profits on bailout money

2010-02-25T13:34:21Z

<div id="subtitle">Meltdown 101: Will the government be able to recover bailout money _ and even earn a profit?</div><div><p>A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest of the money spent on this and other bailouts — and maybe even take in a little profit?</p><p>Here are some questions and answ...

Analysis: Clunker cash won't drive true recovery

2010-02-26T00:03:36Z

<div id="subtitle">Analysis: Think of clunker cash as an economic shot in the arm, not a long-term fix</div><div><p>The popular "cash-for-clunkers" program may be a well-timed shot of adrenaline for the economy, but it's not a prescription for a lasting recovery.</p><p>The federal rebates of up to $4,500 to drivers who trade in ...

Job losses muddy outlook for U.S. housing comeback

2010-02-27T04:39:32Z

<div><p>MIAMI (Reuters) - A pickup in U.S. home sales has kindled hopes for a housing recovery, but plunging prices, rising unemployment and a new wave of foreclosures are clouding prospects for a quick end to the American real estate debacle.</p><p>"We're not at the bottom and...

Group says New England job losses to mount

2010-02-27T07:40:51Z

<div id="subtitle">Group forecasts mounting New England job losses before tepid improvement in 2010</div><div><p>The worst is not over for the New England economy, with job losses expected to mount until unemployment bottoms out in the middle of next year, according to a regional economic analysis group.</p><p>The sobering forecast Thursday from ...

Meltdown 101: Can tech industry save the economy?

2010-03-03T17:23:36Z

<div id="subtitle">Meltdown 101: Tech sector blamed for last recession, but can't fix economy alone this time</div><div><p>Technology helped fuel the economic boom of the 1990s. Then the dot-com bust caught some of the blame for the recession of the early 2000s. If technology is so tied to the national economy, and the current recession started on Wall Street, not in

Despite stimulus, no quick turn for jobs, economy

2010-03-01T23:03:40Z

<div id="subtitle">Will the stimulus work? It will help, but don't expect quick turnaround for jobs, economy</div><div><p>No, the big stimulus plan won't "save or create 3.5 million jobs," as the president and congressional Democrats claim — at least not this year.</p><p>The economy will remain feeble through 2009, analysts warn, and busine...

Obama’s olive branch met with skepticism

2010-03-02T08:46:57Z

<div id="subtitle">Nevada’s GOP lawmakers unmoved by press for stimulus support</div><div><p> WASHINGTON President Barack Obama came to the Capitol on Tuesday to break bread with Republicans over his economic recovery plan, but his appearance did not win over Nevadas two Republican lawmaker...

FACT CHECK: Stimulus job creation claims uncertain

2010-03-02T13:57:24Z

<div id="subtitle">FACT CHECK: Will stimulus create more than 3 million jobs like Democrats say? Maybe not</div><div><p>President Barack Obama and congressional Democrats say it nearly every day: Their huge economic stimulus package must be rushed to passage because it will create or save 3 million to 4 million j...

Meet The Press

2009-04-20T14:13:18Z

WASHINGTON, DC - FEBRUARY 1: (AFP OUT) Economist Mark Zandi (L) of Moody's Economy.com and editor-in-chief of Forbes Steve Forbes take part in a roundtable discussion hosted by moderator Davi...

Billions more needed for financial rescue

2010-03-02T15:27:52Z

<div id="subtitle">Next financial rescue, including asset purchases, could cost hundreds of billions more</div><div><p>The Obama administration is developing proposals to help rescue the banking system that could cost taxpayers hundreds of billions of dollars beyond the $700 billion bailout Congress already has approved.</p><p>Details are still being worked ...

Substitute Tax Holiday for Auto Bailout

2010-02-28T21:51:36Z

<div><p>Last September, we weren't sure if it would work. When Treasury Secretary Henry "Chicken Little" Paulson stampeded Congress and Wall Street into its doomsday mindset, all we had to guide us was Paulson's panic and the calmer testimony of Federal Reserve Chairman Ben Bernanke.</p><p>Bernanke said of the bank bailout, "We don'...

The Fragile State of Home Prices

2010-03-01T00:29:03Z

<div id="subtitle">A bottom is in sight, but the sputtering economy could delay the rebound.</div><div><p>Home prices around the U.S. are still falling. But in a sign that the worst may soon be over, sales of homes are ticking up in many areas. The question is, will the housing recovery be derailed by tight credit and the struggling economy? </p><p>SEE...

THE RIGHT SPURS TO ROUSE THE ECONOMY?

2010-03-02T01:41:20Z

<div><h1> THE RIGHT SPURS TO ROUSE THE ECONOMY? </h1><p>Now that the banks have had a bailout, talk in Washington is turning to a broader rescue plan for the economy. Congress has been studying a possible $250 billion to $300 billion fiscal stimulus package--everything from new tax breaks to new-school construction. But success will depend on which stimuli are chosen, says

Economists see financial bailout as necessary

2010-03-02T02:37:11Z

<div id="subtitle">Soaring debt from bailout could give country a hangover, but alternative seen as far worse</div><div><p>The economy could suffer a massive hangover from the government's efforts to rescue the financial system in the form of a soaring debt burden. But the alternatives look infinitely worse.</p><p>The $700 billion the administration is seeking from Congress as the upper bounds of what it will nee...

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