The new jobless numbers are out, and they are worse than expected: Unemployment rate: 7.6% Jobs Lost In January: 598,000 (the most since 1974) Jobs Lost Last 12 Months: 3.5 Million Unemployed Workers: 11.6 million* A note about unemployed workers – this number does not include the so-called “underemployed” number (nor does the unemployment rate). […]
The worse level since 1982, but that’s ok. We aren’t worried about jobs or our houses. All we need to worry about is if the Democrats and Republicans can get along. If we can’t get X numbers of Republicans to agree to the stimulus then that isn’t bi-partisan and no one in this country wants […]
Bush’s legacy keeps on building: The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers. But those are just the unemployed. Let’s not forget those who are still working, but have […]
A sad sign of the times: Electronic unemployment filing systems have crashed in at least three states in recent days amid an unprecedented crush of thousands of newly jobless Americans seeking benefits, and other states were adjusting their systems to avoid being next. About 4.5 million Americans are collecting jobless benefits, a 26-year high, so […]
I’m sure everyone has heard about this by now: On the chilly factory floor of the Republic Windows and Doors plant, Apolinar Cabrera and a couple hundred workers have decided to make their stand. Their jobs evaporated Friday when this Chicago company unexpectedly closed its doors, blaming lender Bank of America for cutting off its […]
The right wing conspiracy nut jobs have been having a field day bogging down our courts with claims that Obama isn’t eligible to be President, claiming he is not an actual citizen. Well the latest claim has been shot down by the SCOTUS: The Supreme Court has turned down an emergency appeal from a New […]
The economy sheds 533,000 jobs in November, the worse in 34 years: The report from the Labor Department is sure to raise fresh concerns about the depth and length of an ongoing recession, and could figure into hearings on Capitol Hill today about a proposed bailout of the Big Three Detroit automakers. The unemployment rate […]
That’s what California is working towards: Recently the cities of San Francisco, San Jose and Oakland unveiled a massive concerted effort to become the electric vehicle capitol of the United States! This groundbreaking development heralds a nine-step plan that includes everything from buying fully electric vehicles for all government transportation to expediting the approval of […]
What a nice piece in the Wall Street Journal. Here is Home Depot cofounder and former CEO, Bernice Marcus has to say: But in the class war, as in the real deal, there are always ways of motivating the yellow. “If a retailer has not gotten involved with this, if he has not spent money […]
Damn the hits just keep on coming. This means their workforce has decreased by about 20% since 2007.