Tag Archive | "jobless"

Healthcare and Medical Careers – Opportunities In Spite Of A Poor Economy

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Healthcare and Medical Careers – Opportunities In Spite Of A Poor Economy

Posted on 09 February 2012 by daytons

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Reading the newspaper can be discouraging with respect to jobs and the current economy. After hearing all the negative news one might really believe there are not many jobs left, but that can be misleading. One career area that always seems to be needing workers is the healthcare field.

Why does that career field always seem to have demand? One reason is due to the aging population. In case you are wondering what does that have to do with it, actually a lot!

A couple of the main reasons people expect job growth in the healthcare fields to continue are as follows: First as the population continues aging they will need more and more medical care. Since more people will need to go to the doctor or a hospital then it makes sense that most areas around healthcare will continue to be a good career choice for years to come. In addition as the current workers retire and exit the workforce their jobs will need to be replaced with new workers. This is true for doctors and healthcare staff (professional and support) alike.

What does this job growth in healthcare fields mean to you? It means a lot; especially if you were trained in a career that currently has zero or very little job opportunities available.

How easy is it to get started in a new career? Well it depends on the career field and your goals. To enter the healthcare field it can be as simple as completing a program from one of many technical trade schools focused on healthcare. There are several career fields in healthcare to consider such as medical and dental assisting, X-Ray technician, and many others. Doctors will still be in demand as well, but it is the support staff such as allied health professionals and the many different types of nursing careers that are really going to need additional workers.

As a result of the demand and the opportunities many folks already working in the healthcare industry are going back to school to upgrade their careers. For example Licensed Practical Nurses can go back via an online LPN to BSN program to complete the necessary coursework in order to become an RN.

Even if you are not currently in the healthcare field you still have opportunities. A lot of other people who held other non healthcare related careers are also going back to school.

Therefore even though economic times are tough, the outlook for healthcare and medical jobs and career opportunities looks good. As long as there is demand for healthcare those jobs or opportunities are not likely to go away anytime soon.

 

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Why America’s job deficit is more important than budget

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Why America’s job deficit is more important than budget

Posted on 03 February 2012 by admin

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The most significant aspect of January’s jobs report is political. The fact that America’s labor market continues to improve is good news for the White House. But as a practical matter the improvement is less significant for the American work force.

President Obama’s only chance for rebutting Republican claims that he’s responsible for a bad economy is to point to a positive trend. Voters respond to economic trends as much as they respond to absolute levels of economic activity. Under ordinary circumstances January’s unemployment rate of 8.3 percent would be terrible. But compared to September’s 9.1 percent, it looks quite good. And the trend line – 9 percent in October, 8.6 percent in November, 8.5 percent in December, and now 8.3 percent – is enough to make Democrats gleeful.

But the U.S. labor market is far from healthy. America’s job deficit is still mammoth. Our working-age population has grown by nearly 10 million since the recession officially began in December 2007 but many of these people never entered the workforce. Millions of others are still too discouraged to look for work.

The most direct way of measuring the jobs deficit is to look at the share of the working-age population in jobs. Before the recession, 63.3 percent of working-age Americans had jobs. That employment-to-population ratio reached a low last summer of 58.2 percent. Now it’s 58.5 percent. That’s better than it was, but not by much. The trend line here isn’t quite as encouraging.

Given how many people have lost their jobs and how much larger the total working-age population is now, we’ve got a long road ahead. At January’s rate of job gains – 243,000 – the nation wouldn’t return to full employment for another seven years.

When they’re not blaming Obama for a bad economy, Republicans are decrying the federal budget deficit and demanding more cuts. But America’s jobs deficit continues to be a much larger problem than the budget deficit.

In fact, we can’t possibly achieve the growth needed to reduce the budget deficit as a proportion of the total economy unless far more people are employed. Workers are consumers, and consumer spending is 70 percent of economic activity. And cutting the budget means fewer workers, directly (as government continues to shed workers) and indirectly (as government contractors have to lay off workers) and therefore fewer consumers.

Yet deficit hawks continue to circle. State and local budgets are still being slashed. The federal government is scheduled to begin major spending cuts less than a year from now. Republicans are calling for more cuts in the short term. Austerity economics continues to gain traction.

Meanwhile Congress is debating whether to renew extended unemployment benefits. This should be a no-brainer. The long-term unemployed, who have been jobless for more than six months, comprise a growing share of the unemployed. (In January they rose from 42.5 percent to 42.9 percent).

Republicans say unemployment benefits are prolonging unemployment, that people won’t get jobs if they get unemployment checks from the government. That’s claptrap, especially when there’s only 1 job opening for every 4 people who need a job. Republicans also say we can’t afford to extend jobless benefits. Also untrue. Jobless workers spend whatever money they get, and their spending keeps other people in jobs.

Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.

The job situation is better than it was but it’s still awful. The jobs deficit is still our number one economic problem. Forget the budget deficit until we tame it.

Robert Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written thirteen books, including The Work of Nations, Locked in the Cabinet, Supercapitalism, and his most recent book, Aftershock. His “Marketplace” commentaries can be found on publicradio.com and iTunes. He is also Common Cause’s board chairman.

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US Economy adds 103,000 jobs, but..

Posted on 07 October 2011 by admin

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US economy added 103,000 non farm payroll in the month of September higher than analyst expectations which called for 60,000 jobs. The unemployment rate stayed at a high of 9.1 percent according to Bureau of Labor Statistics. Even though new jobs were added to the economy, it was barely enough to keep up with growing labor force and the population.

Prior months job data was also revised and it showed that 99,000 more jobs were added in July and August. This places the jobs data in much better perspective than we had before. Both hourly rates and hours worked increased in September. Health care, retail and services sector contributed to most gains while manufacturing lagged behind shedding 13,000 jobs last month.

Economists expected at least 60,000 new payrolls originally. The number 103,000 is much higher because 43,000 striking Verizon workers were included in this report, otherwise the overall job additions are just around a non-impressive 60,000 as expected.

US economy needs to expand at the rate of 2.5 percent and add about 125,000 jobs per month just to keep up with the jobless rate.

Economist consensus is that job growth is falling short of the required numbers and thereby the 9.1 percent unemployment rates will not change over next few months at least. “It underscores the belief that the economy has skirted a recession but that’s not to say it’s out of the danger zone because there are significant risks out there,” said Millan Mulraine Senior Economist at TD securities.

Even though this unemployment report was a “non-horrible” number according to Jim Cramer, the number were not good enough to assure a meaningful and a strong recovery. The economy is definitely showing sluggish growth which underscores a point that a double dip recession is not in the cards, at least not yet. These kind of reports don’t work well for the stock market and it lost all of the gains and ended the day in red.

A lackluster recovery and a high unemployment rate will keep the pressure on President Obama and the Federal Reserve to do more and put more people to work. President has proposed his 447 billion dollar job plan two weeks ago, but a reluctant Congress has not implemented any provisions whatsoever. Members of Congress including the Speaker of the House John Boehner have in fact rejected those measures. With a divided Congress its impossible to see what will come out of it.

Whatever these numbers may be, ordinary American cannot feel at home and take solace even though the Great recession is over two years ago. There are 14 million unemployed people and another 6 to 7 million under unemployed. There at least 2.5 million people who have dropped out of labor market discouraged and not seeking work.

This in the end spells trouble for President Obama, whose Republican challengers are gaining ground and using these numbers against him in the political arena. Meanwhile protests on Wall Street are getting stronger day by day.

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011211taxes

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Austerity in America is the norm

Posted on 05 October 2011 by admin

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The Big recession may be over two years ago, but the economic carnage is still there. Americans are growing more frugal and austerity minded in many ways not seen before. Incomes have been cut in half and expenses have increased or sometimes doubled, squeezing the middle class into poverty and the poor have literally slid into the drain. Having a constant battle, juggling bills, trying to pay mortgages, and meet expenses is a burden on millions of households and breadwinners. As a result consumers have shifted their spending habits and adapted to more frugal means to stretch the dollar and conserve dwindling resources.

With unemployment rate stuck at 9.1 percent and jobs prospects very few, a new generation of Americans are postponing their life’s goals. They are living in the parents homes, not getting married and and not buying major items and homes that signal stepping into adulthood. Quite frankly the American dream is shattered for many .

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Anchor Mortgage Corporation Providing Nevada Investor Loans For Over a Decade

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Anchor Mortgage Corporation Providing Nevada Investor Loans For Over a Decade

Posted on 25 September 2011 by admin

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With so many Nevada investor loan companies having tightened their credit requirements for first time home buyers, and even requiring strict credit guidelines for established homeowners who are looking to refinance their present homes in order to make improvements to their homes, many of these people are finding it very difficult to find a lender in the Las Vegas, Nevada area to make their dreams a reality. But the good people at the Anchor Mortgage Corporation are there to help. They offer different types of Nevada investor loans, and one of them is going to be the right answer for your particular financing need. Some of these financing options include: -Qualifying on non-traditional income sources -Bridge loans -203K FHA renovation loan -VA loans When you are looking for the best Nevada investor loans, Anchor Mortgage can offer you the best available rates for buying property in the Las Vegas area. They offer competitive low rates and work with anyone who is interested in buying a home or commercial property, regardless of your current credit situation.

Servicing the local Las Vegas community for more than a decade, Anchor Mortgage has several programs that will help you get into your first home or buy that piece of commercial property that is just perfect for your new business expansion needs. Assisting veterans purchase that first home: Are you a veteran looking to make your first home purchase? Then look no further than Anchor Mortgage. Anchor Mortgage understands the sacrifice that a veteran and their family make to serve and protect their country, and so the great people at Anchor Mortgage want to make your dream of home ownership a reality. They will work with you to help you and the VA to help you make that first home buying purchase a great experience without a lot of the usual red tape and undue stress that is sometimes associated with going through the VAS home loan process.

Short sales and other options There may be quite a few Nevada investor loans companies that offer similar programs that cater to prospective buyers with less than perfect credit, but the mortgage experts at Anchor Mortgage have a short sale program called “The “less than perfect credit mortgage loan”, and through this program, they are able to do the impossible, and offer the opportunity of home ownership to those who have suffered a work related financial issue. People who have fallen on hard times in this economy are not bad people, they’ve just had a bad run of luck, and this program gives them a second chance at home ownership, and no one works harder than Mike Zuliani and his staff at Anchor Mortgage. So when you are looking at one of the many Nevada investor loans companies listed in the local Nevada business section, work with an investor company that has been helping the local residents of Las Vegas own property in Nevada for more than a decade. Call Anchor Mortgage Corporation today, because they’re there to help.

Anchor Mortgage can offer you the best nevada investor loans and las vegas refinanceoptions

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Low rates squeeze savers and may hold back economy

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Low rates squeeze savers and may hold back economy

Posted on 25 August 2011 by admin

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PAUL WISEMAN,AP Economics Writer

WASHINGTON (AP) — Super-low interest rates haven’t done what they usually do after a recession. They haven’t ignited economic growth or revived the home market or persuaded consumers to spend freely again.

They have, though, caused misery for retirees and others who depend on interest income. Such income plummeted 27 percent from 2008 to last year.

Now, some economists worry that low rates might be hurting the economy itself — defeating the purpose of the Federal Reserve’s low-rate policies. When savers earn less, they spend less. And spending by individuals drives about 70 percent of the U.S. economy.

Those concerns arise 2½ years after the Fed pushed short-term rates to near zero, part of an effort to combat the gravest recession since the 1930s. It’s kept rates there since.

The Fed is “turning the faucet, and nothing’s coming out,” says William Ford, a former president of the Federal Reserve Bank of Atlanta. “I don’t see any pluses on the plus side of the ledger … But they’re ignoring the strong negative effect that they’re having. They’re killing savers. Retirees are earning nothing on their life savings.”

The Fed this month announced plans to keep short-term rates near zero through mid-2013 unless the economy improves. And in a speech Friday, Chairman Ben Bernanke will likely lay out options for lowering long-term rates even further below the current near-record lows.

One option is a third round of Treasury bond purchases by the Fed. Such purchases would be intended to nudge rates even lower, to encourage spending and borrowing and raise stock prices. But additional rate declines would likely also further drive down rates on savings vehicles.

Low rates have already hurt retirees and other savers. Savings accounts, on average, are yielding 0.15 percent, 1-year CDs 1.15 percent and even 5-year Treasury notes only 1 percent.

Americans’ total interest income dropped from $1.38 trillion in 2008 to $1.01 trillion in 2010, according to the federal Bureau of Economic Analysis. That time span has coincided with a period in which the Fed kept its main interest-rate lever, the federal funds rate, at a record low of zero to 0.25 percent.

In Fort Lauderdale, Fla., Julie Moscove, 69, has watched her monthly interest income drop from more than $2,000 a few years ago to perhaps $400 now.

“It’s ridiculous,” says Moscove, who’s semi-retired but still runs the Tattoo-A-Pet registry business. “I cut coupons now.”

Moscove has little appetite for risk after having been burned by stocks when the dot-com boom went bust a decade ago. So she’s resigned to accepting negligible returns just to keep her money safe.

Pension funds are also being hurt. Largely because of low rates, the nation’s 100 biggest pension funds were $254 billion short of what they need to meet obligations to retirees at the end of July. That was up from a $186 billion shortfall in June, according to the consulting firm Milliman.

Low rates are a tool that Fed officials have long used to boost weak economies. In recessions past, when the Fed slashed rates, a drop in borrowing costs led companies to hire and expand.

More people bought homes, too. Stronger home sales encouraged builders to erect houses and hire construction workers. They also increased consumer spending as new homeowners bought appliances and furniture. That’s why a housing recovery normally energizes the entire economy.

It hasn’t worked that way this time. This recession followed a devastating financial crisis that damaged the banking system and made lower interest rates less effective.

It’s true the Fed’s easy-money policies may have kept the economy from getting worse. And they might have prevented a dangerous deflationary spiral of falling prices, wages and profits — a threat that had worried Bernanke a year ago.

But super-low short-term rates and two rounds of Treasury bond purchases haven’t delivered a robust recovery. The Dow Jones industrial average is down 11 percent since July 21, partly on fears that the economy might slip back into a recession.

Businesses aren’t feeling expansive, not even with the prime lending rate for banks’ best business borrowers at a low 3.25 percent. Corporations are sitting on nearly $2 trillion in cash. They’re waiting to be convinced that the economy is improving before they’ll spend much of it.

And consumers are still too intent on paying down the debts they piled up through the mid-2000s to go on many credit card-charged spending sprees.

Even with mortgage rates near record lows, home sales remain weak. The average sales price of an existing home has dropped 30 percent since before the recession.

Many homeowners can’t trade up to a more expensive house because they can’t sell their homes. They owe more on their mortgages than their houses are worth.

New homeowners might not qualify for mortgages because banks have tightened lending standards after absorbing loan losses during the recession. And a vast inventory of foreclosed homes will likely depress housing prices for years.

“You’re trying to stimulate an industry that has so much garbage sitting on top of it that it won’t work,” says Ford, now a finance professor at Middle Tennessee State University.

The bottom line, Fed critics say, is that super-low rates aren’t stimulating the economy enough to make the financial pain to savers worthwhile.

“Someone is paying a price for ultra-low interest rates: the patient and uncomplaining saver,” writes Raghuram Rajan, a University of Chicago finance professor.

Copyright 2011 The Associated Press.

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2011-08-23_US_dollar

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Dollar slips on weak housing data

Posted on 23 August 2011 by admin

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Dollar slips on weak housing data

NEW YORK (AP) — The dollar slipped Tuesday after new data in the U.S. showed sales of new homes fell in July for the third straight month.

But a handful of better-than-expected economic reports, including Markit’s composite purchasing managers index, from Europe and China helped ease fears about the global economy.

“Last night’s Chinese PMI report and this morning’s Eurozone PMI numbers made investors feel less concerned about the outlook for the global economy,” said Kathy Lien, director of currency research at GFT.

In the U.S., the Commerce Department said Tuesday that sales of new homes fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000. If sales continue at this level, it could be the worst year for new-home sales in almost 50 years.

“The U.S. economy may be in tough shape, but the rest of the world is still holding steady, which is good news for risk,” Lien said.

The dollar, like the Swiss franc, Japanese yen and gold, had gained strength on fears of a slowdown in global growth. With the Dow Jones industrial average and overseas stocks higher, the dollar is losing favor Tuesday.

In afternoon trading, the euro rose to $1.4425 from $1.4373 late Monday, the British pound rose to $1.6505 from $1.6484 and the dollar dropped to 76.64 Japanese yen from 76.72 yen.

Analysts say trading is light and investors are shying away from big moves ahead of a major speech by Federal Reserve Chairman Ben Bernanke on Friday. Some expect Bernanke to hint at new measures to support the economy. But new Fed action could weigh further on the dollar.

In other trading, the dollar fell to 0.7892 Swiss franc from 0.7903 Swiss franc and fell to 98.80 Canadian cents from 98.93 Canadian cents.

Copyright 2011 The Associated Press.

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Mortgage graphic

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No recession but weakness will endure

Posted on 23 August 2011 by admin

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PAUL WISEMAN,AP Economics Writer

WASHINGTON (AP) — Another recession isn’t likely over the next 12 months. Neither is any meaningful improvement in the economy.

That’s the picture that emerges from an Associated Press survey of leading economists who have grown more pessimistic in recent weeks. They say high unemployment and weak consumer spending will hold back the U.S. economy into 2012.

Their gloominess comes at a time when Europe’s debt crisis threatens to infect the global financial system. It also coincides with an annual economic conference late this week in Jackson Hole, Wyo., and speculation about whether Federal Reserve Chairman Ben Bernanke will unveil any new steps there to help the economy.

Worries that another recession is nearing and that the European crisis will spread have led to a roughly 15 percent drop in stock prices in the past month. Economists say the Great Recession ended in June 2009.

What makes a solution so difficult is that the fear gripping investors isn’t just a symptom of economic distress; it’s also a cause of it. Sinking stock prices frighten consumers and businesses. They then spend and invest less. Investors respond to lower corporate sales by selling stocks, worsening the market declines.

Each day that the stock market sinks “puts another nail in the coffin of the recovery,” says Beth Ann Bovino, senior economist at Standard & Poor’s.

“I had been saying it was a half-speed recovery; now, it’s a quarter-speed recovery,” Bovino says.

She is among 43 private, corporate and academic economists surveyed this month by the AP. As a group, they are more downbeat than when surveyed eight weeks ago. Among their conclusions:

— The likelihood of a recession within the next 12 months is 26 percent. In June, the economists had put the likelihood at 15 percent.

— The economy will inch ahead at an annual rate of 2 percent in the July-September quarter and 2.2 percent from October through December. Though stronger than the growth for the first half of 2011, that isn’t enough to lower the unemployment rate much, if at all. And next year will barely be stronger.

— Weak consumer spending poses a “major” risk to the economy. In June, Americans cut their spending for the first time in nearly two years. And consumer spending fuels about 70 percent of the economy.

— The unemployment rate will end this year at 9 percent and 2012 at 8.5 percent. Those rates are slightly less than July’s 9.1 percent. But they’re more consistent with a recession than a recovery.

— The Fed’s efforts to keep interest rates at record lows may not succeed in promoting growth or easing unemployment. But its low-rate policies will likely boost stock prices.

The economists do foresee economic growth, job creation, consumer spending and home prices all rising over the next year. But the gains they expect are so slight that many Americans won’t notice.

For months, the Fed and private economists had clung to hopes that a slowdown in spring and early summer would prove temporary. They initially blamed temporary factors — especially higher oil prices and an earthquake and nuclear crisis in Japan that disrupted factory production.

But the economy has kept worsening. U.S. home prices remain depressed. Job growth is weak. Workers’ pay is barely rising. The economy grew at an annual rate of just 0.8 percent in the first half of 2011 — much less than expected.

The benefits of the government’s $862 billion stimulus are fading. No more stimulus is likely. And in June, the Fed ended a $600 billion Treasury bond-buying program that was designed to help keep rates low to spur spending and increase stock prices.

Then Europe’s intensifying debt crisis and Congress’ standoff over raising the debt ceiling undermined consumer confidence and spooked the markets. Consumers and investors foresee more gridlock ahead as a congressional committee seeks ways to cut at least $1.2 trillion in debt.

That means government spending, which normally helps economies climb back from recessions, will likely instead restrain growth.

Earlier this month, the Fed pledged to keep short-term rates near zero until mid-2013 if necessary to combat economic weakness. The Fed also seemed to suggest it might be open to another round of bond purchases.

Many are waiting with anticipation for Bernanke’s speech Friday in Jackson Hole at a conference held by the Federal Reserve Bank of Kansas City. At last year’s conference, Bernanke set the stage for the Fed’s $600 billion Treasury-buying program.

But the economists in the AP survey are skeptical of the Fed’s ability to improve economic conditions substantially.

“The Fed can’t do anything at this stage that’s going to be meaningful,” says Joshua Shapiro, chief U.S. economist at MFR Inc.

The Fed can influence interest rates, Shapiro noted, but “the level of interest rates is not the impediment to growth.”

A bigger obstacle is tepid demand across the economy. And even with rates at record lows, many companies and consumers can’t or won’t borrow. Consumers don’t want to take on more debt while the economic outlook remains so dim and their job security uncertain.

The collapse in home prices means households have lost $7 trillion in equity since 2005. They’re saving, not spending, to try to rebuild their lost wealth, says Sean Snaith, director of the University of Central Florida’s Institute for Economic Competitiveness.

Consumers have shed about $240 billion in debt, excluding real estate loans, since the end of 2008, according to the Federal Reserve Bank of New York.

“We need to see the housing market stabilize,” Snaith says. “We need to see some job creation. Until then, consumers are trying to put nest eggs that turned into Humpty Dumpty back together again … It’s just going to take time.”

Copyright 2011 The Associated Press.

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Recession is culprit in high US debt

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Recession is culprit in high US debt

Posted on 19 August 2011 by admin

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TOM RAUM
Associated Press

WASHINGTON (AP) — It’s the loud and clear consensus of Republicans in Congress and on the presidential campaign trail: Runaway government spending is the problem, not taxes.

But the math isn’t so simple.

The number at the heart of the battle cry of the Republicans and their tea party allies — that federal spending has risen to an alarming 25 percent of the economy — is skewed by recession dynamics.

In recessions, federal spending always goes up and tax revenues go down. And the economy contracts in recessions, shrinking the gross domestic product, which is the total output of goods and services and the broadest measure of the economy’s health.

Republicans are calling for sweeping spending cuts and want to hold the line on taxes, even as the U.S. struggles through one of its slowest recoveries since the Great Depression. The jobless rate has been stuck for months at more than 9 percent. With the economy slowing again, the odds of a new recession seem to be increasing.

While spending’s share of the GDP might be at a post-World War II high, tax revenues have fallen to 14.4 percent of the index, the lowest since 1950.

This disparity between what comes in and what goes out plays into the Republican argument about runaway spending.

But it also reflects the mathematical reality that during recessions, tax revenues go down sharply because people and companies make less money and so pay less in taxes. Federal spending goes up, even before stimulus programs, with an increasing demand for government help from food stamps and unemployment compensation and other safety-net programs.

At the same time, the negative economic growth associated with recessions lowers the GDP number on the bottom of the equation, further boosting the ratio of spending to GDP.

Since 1970, federal spending has averaged just over 21 percent of GDP while tax revenues have averaged over 19 percent.

The last time since World War II that federal spending exceeded 23 percent of GDP was in 1982 and 1983, when it rose to 23.1 percent and 23.5 percent, respectively, during what was then called the worst recession since the Great Depression. A Republican, Ronald Reagan, was president, and he was hardly anyone’s idea of a tax-and-spend liberal.

Federal spending is even higher now as a percentage of GDP, but not by much — just between 1 and 2 percentage points. That reflects the fact that the most recent recession was far deeper than the 1981-82 downturn, which lasted 16 months.

Much of the present large gap between tax revenues and federal spending comes not from political decisions but from what happens to a nation’s finances during any deep recession, economists suggest.

But you wouldn’t know it from some of the recent campaign rhetoric. The Republican candidates all want to shrink government’s role by slashing spending and taxes, and repealing or suspending regulations.

—Former Massachusetts Gov. Mitt Romney asserted that, because of the rise of the ratio of government spending to GDP on President Barack Obama’s watch, “We’re inches away from no longer having a free economy.”

—Former Pennsylvania Sen. Rick Santorum: “We’re now at almost 25 percent (of GDP) … the problem is spending, not taxes.”

—Reps. Ron Paul of Texas and Michele Bachmann of Minnesota insisted they would never vote to raise the U.S. debt limit and they decried the rise in federal spending. The recent bipartisan debt deal, which includes a big spending-cut component, won the support of many tea party-aligned lawmakers, however.

—Texas Gov. Rick Perry said that Federal Reserve Chairman Ben Bernanke would commit a “treasonous” act if he “prints more money” before next November’s elections. “We would treat him pretty ugly down in Texas,” Perry told an Iowa audience. Economists generally credit Bernanke with helping save the nation’s financial system by stimulating it with a flood of new money.

Economist Bruce Bartlett, who worked in the administrations of both Reagan and President George H.W. Bush, said some of the statements by Republicans make him cringe. “And what sometimes makes me cringe more is the silence from their competitors.”

Bartlett includes the solid opposition to any tax increases from the entire GOP field, citing the recent debate when not a single Republican participant would agree to accept even a mix of $1 in new taxes for every $10 in spending cuts.

“It’s the cowardice of people who know they’re wrong when they say these things that disturbs me more than the fact that some people say crazy things,” Bartlett said. He said the Republicans were clearly playing to the party’s conservative base for the primary elections “but when you repeat these things, they tend to get solidified.”

He added, “The same is true in both parties. It’s just that there’s no primary race on the Democratic side.”

The intense focus by Republicans and some conservative Democrats on cutting spending to reduce the national debt, now at nearly $14.5 trillion, helped put deficit reduction high on the priority list for both parties.

But polls continue to show that people are more concerned about the lack of jobs than they are the deficit. Nearly 15 million are jobless in the U.S.

Obama, now on vacation, plans a major speech on the economy after Congress returns in September, trying to emphasize jobs and help the poor and middle class, aides said. The plan is expected to contain a mix of tax cuts, construction projects and steps to help the long-term unemployed.

Even though the pace of recovery is painfully slow, any improvements in the jobs situation will help spur stronger economic growth, leading to more tax revenues and lower federal spending.

“If the economy starts to get better, then everything gets better,” said Democratic strategist Mark Mellman.

But it will be a slog.

As the recession that began in December 2007 intensified, federal spending increased from 20.7 percent of GDP in 2008 to 25.0 percent in 2009, according to figures compiled by the White House budget office. And while the recession was officially declared over in early summer 2009, overall federal spending was 23.8 percent of GDP last year and is projected to come in at 25.3 percent for 2011 amid fears of a new, or “double dip,” recession.

Copyright 2011 The Associated Press.

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Jobless rate rises in Denton, county – Denton Record Chronicle

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Jobless rate rises in Denton, county – Denton Record Chronicle

Posted on 22 July 2011 by admin

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The Hindu

Jobless rate rises in Denton, county
Denton Record Chronicle
Denton's unemployment rate jumped from 6.4 percent in May to 7.4 percent in June, with 4867 people looking for work, according to data released Friday by the Texas Workforce Commission. But it's a seasonal fluctuation
Manatee unemployment increases as summer drains jobsBradenton Herald
Oklahoma unemployment holds steadyNewsOK.com
Unemployment on the riseFlorida Today
Andalusia Star-News –Reuters –Forbes
all 1,592 news articles »

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Jobless rates jump in 28 US states in June – Reuters

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Jobless rates jump in 28 US states in June – Reuters

Posted on 22 July 2011 by admin

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The Hindu

Jobless rates jump in 28 US states in June
Reuters
A man carrying a stack of job listings listens to a discussion at the One Stop employment center in San Francisco, California, August 12, 2009. WASHINGTON (Reuters) – Jobless rates jumped in June from the month before in more than half of the US states
Colorado unemployment dips to 8.5 percent in JuneForbes
Summary Box: Unemployment up in majority of statesThe Associated Press
Texas jobless rate for June jumps to 8.2 percentHouston Chronicle
Kansas City Star –Sacramento Bee
all 1,579 news articles »

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Jobless claims rise above expectations – Reuters

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Jobless claims rise above expectations – Reuters

Posted on 21 July 2011 by admin

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Business Insider

Jobless claims rise above expectations
Reuters
Student Brian Goode looks at pictures of green jobs on a wall at the Youth Opportunity (YO!) Academy and the Westside Youth Opportunity Community Center in Baltimore March 9, 2011. WASHINGTON (Reuters) – New claims for unemployment benefits rose more
First-Time Jobless Claims in US Increase More Than Estimated to 418000Bloomberg
Jobless Claims JumpWall Street Journal
Applications for U.S. jobless benefits riseMarketWatch
TheStreet.com –Business Insider –Stock Market Wire
all 14 news articles »

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Jobless May not Face Foreclosure – LoanSafe

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Jobless May not Face Foreclosure – LoanSafe

Posted on 11 July 2011 by admin

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USA Today

Jobless May not Face Foreclosure
LoanSafe
1, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to a full year from three or four months. That will allow qualified homeowners to go without making a monthly payment for 12 months before
Mortgage Aid for Unemployed ExpandedWall Street Journal (blog)
Help for mortgages is good but not enoughTampabay.com
Obama To Extend Assistance To Jobless HomeownersNPR
New York Times –Boston Herald
all 367 news articles »

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Weak Jobless Report Cuts Into Week’s Gains – New York Times

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Weak Jobless Report Cuts Into Week’s Gains – New York Times

Posted on 08 July 2011 by admin

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Kansas City Star

Weak Jobless Report Cuts Into Week's Gains
New York Times
By AP Stock indexes fell sharply on Friday, erasing much of the week's gains, after the government reported that employers had created the fewest number of jobs in nine months. The 18000 net jobs created in June were a fraction of what economists had
Stocks drop as job report disappointsCNNMoney
Stock Market Dips Following Poor June Jobs NumbersNPR
Stocks tumble on 'complete whiff' of a jobs reportMSN Money
KBOI –RTT News
all 319 news articles »

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Weak Jobless Report Cuts Into Week’s Gains – New York Times

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Weak Jobless Report Cuts Into Week’s Gains – New York Times

Posted on 08 July 2011 by admin

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Kansas City Star

Weak Jobless Report Cuts Into Week's Gains
New York Times
By AP Stock indexes fell sharply on Friday, erasing much of the week's gains, after the government reported that employers had created the fewest number of jobs in nine months. The 18000 net jobs created in June were a fraction of what economists had
Stocks drop as job report disappointsCNNMoney
Stock Market Dips Following Poor June Jobs NumbersNPR
Stocks tumble on 'complete whiff' of a jobs reportMSN Money
KBOI –RTT News
all 319 news articles »

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US Payrolls Rose 18000 in June; Jobless Rate Climbed to 9.2% – Bloomberg

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US Payrolls Rose 18000 in June; Jobless Rate Climbed to 9.2% – Bloomberg

Posted on 08 July 2011 by admin

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Boston Globe

US Payrolls Rose 18000 in June; Jobless Rate Climbed to 9.2%
Bloomberg
July 8 (Bloomberg) — Steve Conine, chairman of CSN Stores LLC, talks about the online home-furnishing retailer's hiring plans and growth outlook. Conine speaks with Erik Schatzker on Bloomberg
Jobs seen boosting hopes of an economic revivalReuters
Dollar Inches Higher Ahead Of Pivotal Jobs ReportRTT News
Here It Is: Your Ultimate Jobs Report PreviewBusiness Insider
Michigan Messenger –Wall Street Journal (blog) –New York Times
all 750 news articles »

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US Payrolls Rise 18000; Jobless Rate Climbs to 9.2% – Bloomberg

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US Payrolls Rise 18000; Jobless Rate Climbs to 9.2% – Bloomberg

Posted on 08 July 2011 by admin

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Boston Globe

US Payrolls Rise 18000; Jobless Rate Climbs to 9.2%
Bloomberg
June 22 (Bloomberg) — Americans are growing more dissatisfied with President Barack Obama's handling of the economy, and only 30 percent said they are certain to re-elect him, according to a Bloomberg
Instant view: Jobs growth slows in JuneReuters
Jobs Data Dim Recovery HopesWall Street Journal
June Jobs Report Lands With A Thud: Up Just 18000Forbes (blog)
RTT News –Business Insider –Michigan Messenger
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Extension of aid to jobless goes unused – Milwaukee Journal Sentinel

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Extension of aid to jobless goes unused – Milwaukee Journal Sentinel

Posted on 20 June 2011 by admin

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Extension of aid to jobless goes unused
Milwaukee Journal Sentinel
The change to state law would not touch the state's struggling unemployment insurance trust fund and would provide 13 more weeks of benefits to workers who have been without employment for roughly a year and a half. The change in state law,

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Jobless rate up slightly during May – Brenham Banner Press

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Jobless rate up slightly during May – Brenham Banner Press

Posted on 18 June 2011 by admin

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Austin American-Statesman

Jobless rate up slightly during May
Brenham Banner Press
AUSTIN — Washington County's jobless rate edged upward in May, when the local economy lost almost 40 jobs. Figures from the Texas Workforce Commission show the county's unemployment rate last month was 5.8 percent, with a labor force totaling 17147 and
Texas jobless rate for May steady at 8 percentBusinessWeek
Local jobless rate edges upHouston Chronicle
San Antonio's unemployment rate rises as more people enter workforceBizjournals.com
My West Texas –Denton Record Chronicle –Corpus Christi Caller Times
all 40 news articles »

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Arizona’s jobless rate dips to 9.1 percent in May – BusinessWeek

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Arizona’s jobless rate dips to 9.1 percent in May – BusinessWeek

Posted on 18 June 2011 by admin

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New York Times

Arizona's jobless rate dips to 9.1 percent in May
BusinessWeek
The Arizona Department of Commerce announced the numbers Thursday and said it's the fourth consecutive month of job gains. Arizona's jobless rate was at 9.3 percent in April and 9.5 percent in March. The state added 2200 non-farm jobs in May with
For Want of a Word, Arizona's Jobless Lose ChecksNew York Times
Arizona adds 5000 jobs in May, unemployment rate dropsBizjournals.com
Arizona jobless rate dips to 9.1 percent, matching national rateAZ Central.com
AzJournal.com –Arizona Daily Star –FOX11AZ.com
all 34 news articles »

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Florida jobless rate drops again to 10.6 percent – BusinessWeek

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Florida jobless rate drops again to 10.6 percent – BusinessWeek

Posted on 18 June 2011 by admin

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Central Florida News 13

Florida jobless rate drops again to 10.6 percent
BusinessWeek
Florida's unemployment rate dropped slightly in May, decreasing for a fifth straight month, and the state led the nation in job growth over the month, labor officials said Friday. The Agency for Workforce Innovation announced Florida's
Ag helps Monterey County unemployment rate dropThe Salinas Californian
State unemployment rate down slightly in MayRichmond Times Dispatch
Local jobless rate edges upHouston Chronicle
Palladium-Item –Visalia Times-Delta –Reuters
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For Want of a Word, Arizona’s Jobless Lose Checks – New York Times

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For Want of a Word, Arizona’s Jobless Lose Checks – New York Times

Posted on 17 June 2011 by admin

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New York Times

For Want of a Word, Arizona's Jobless Lose Checks
New York Times
“It is almost 100 degrees out there, and I am walking door to door handing out résumés,” said Frank Ballesteros, who was laid off at his job in Tucson and is on his 78th week of benefits. By CATHERINE RAMPELL That's all that Frank Ballesteros,
Arizona's jobless rate dips to 9.1 percent in MayForbes
Arizona adds 5000 jobs in May, unemployment rate dropsBizjournals.com
Arizona jobless rate dips to 9.1 percent, matching national rateAZ Central.com
AzJournal.com –FOX11AZ.com –Arizona Daily Star
all 29 news articles »

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Local jobless rate edges up – Houston Chronicle

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Local jobless rate edges up – Houston Chronicle

Posted on 17 June 2011 by admin

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Bakersfield Now

Local jobless rate edges up
Houston Chronicle
The Houston area is showing signs of a slowdown after coming off some fairly strong job gains during the winter months. "It's very consistent with the national pattern," said Barton Smith, professor emeritus of economics at the University
Big drop in Canyon County joblessness? Not reallyIdahoStatesman.com
State's jobless rate declines againTallahassee.com
Summer helps thaw hiring freezeGreenville News
Denton Record Chronicle –ABC30.com –Reuters
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US STOCKS-Futures off on Greece anxiety, jobless data due – Reuters

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US STOCKS-Futures off on Greece anxiety, jobless data due – Reuters

Posted on 16 June 2011 by admin

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Portfolio.com

US STOCKS-Futures off on Greece anxiety, jobless data due
Reuters
NEW YORK, June 16 (Reuters) – US stock index futures dipped on Thursday as global equities tumbled on worries that the lack of a deal on how to handle the Greek debt crisis could trigger disorderly market moves and crimp liquidity.
Stock Futures Hesitate on Greece WorriesTheStreet.com
Weakness ContinuesBriefing.com
Jobless Claims, Housing Starts Better Than Expected, Helping FuturesWall Street Journal (blog)
CNN –Benzinga –Brandon Sun
all 90 news articles »

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California sees small drop in new jobless claims – Bizjournals.com

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California sees small drop in new jobless claims – Bizjournals.com

Posted on 09 June 2011 by admin

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Boston Globe

California sees small drop in new jobless claims
Bizjournals.com
According to a weekly report from the US Department of Labor, California reported the largest decrease in new jobless claims in the nation. The number of people filing new applications for unemployment rose to 427000, an increase of 1000 from the
New jobless claims unexpectedly riseReuters
Jobless claims stay above 400000 mark for ninth consecutive weekAHN | All Headline News
US Jobless Claims Unexpectedly ClimbBloomberg
Economic Populist –MarketWatch –CNN
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Futures Up Despite Rise in Jobless Claims – TheStreet.com

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Futures Up Despite Rise in Jobless Claims – TheStreet.com

Posted on 09 June 2011 by admin

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The Associated Press

Futures Up Despite Rise in Jobless Claims
TheStreet.com
NEW YORK (TheStreet) — Stock futures were pointing to a higher open Thursday despite a higher-than-expected increase in initial jobless claims. Futures for the Dow Jones Industrial Average were up by 27 points,
US Stocks Add To Gains As Market Looks To End Losing StreakWall Street Journal
Dow up 1 per cent as stocks bounce backEconomic Times
Trade Figures Give Stocks a BoostNew York Times
The Associated Press –Reuters –CNN
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New jobless claims unexpectedly rise – Reuters

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New jobless claims unexpectedly rise – Reuters

Posted on 09 June 2011 by admin

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New jobless claims unexpectedly rise
Reuters
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose by 1000 last week, according to a report on Thursday that could stoke fears the labor market recovery has stalled. Initial claims for state jobless benefits
Initial Jobless Claims in U.S. Unexpectedly Climbed Last Week to 427000Bloomberg
Unemployment aid applications stuck at high levelSeattle Post Intelligencer
Jobless Claims Unexpectedly Jumpmyfoxny.com
WECT-TV6
all 21 news articles »

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Unemployed Unsecured Loans Jobless Can Meet Their Needs

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Unemployed Unsecured Loans Jobless Can Meet Their Needs

Posted on 05 June 2011 by admin

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Unemployment is not the permanent phase. This stage occurs due to some financial problems or from the lack of jobs. This fact is also clear that the jobless people have numerous needs, desires and demands related with finance. As out of job they are unable to collect money for the satisfaction of these financial needs. At that time, they run here and there for money. Earlier, greedy lenders were present in the market who gave the lower loan amount at higher interest rate. But now in United Kingdom, for the benefit or convenience of the jobless people, quite trusty and branded financial institution, loan leading companies and banks are available. These above written leading loan providing companies offer unemployment unsecured loan at reasonable rates. With the help of this financial support, the unemployed people can meet their unexpected or emergent needs and desires instantly.

The unemployed unsecured loans are free from the possession of valuable collateral. Without possessing any valuable asset, the jobless loan seekers can avail desired amount ranging from 1000 – 25000 for a limited period say 1-10 years. The borrowed amount can be utilized for multiple short term purposes including unexpected lengthy hospital bills, uninvited wedding expenses, education fee, house rent, small household expenses, electricity or water supply bills etc. The lenders charge slightly higher interest rate because of the absence of collateral.

The lenders and unemployed loan seekers discuss about the loan repayment duration, loan quotes, terms & conditions and loan amount. Once all these things are decided, no one can make changes in it. So, it is very important for the loan seekers to return the loan installments on time otherwise the lenders have the right to grab the borrower to legal authorities.

Online is considered the best suited choice for those jobless people, who are not interested to stand in long queues or don’t have enough time. Under this procedure, the loan seekers can apply for loan amount from their home or office. On internet, they can compare and contrast different loan quotes with other lenders. Online calculators are used for this purpose. A deep research on internet proves to be helpful in providing the best suited loan schemes and options.

About Author
Christopher Michael is author of Cash Loans for Unemployed.For more information about Unemployed Loans visit http://www.cashloansforunemployed.co.uk/

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For the Jobless, Little US Help on Foreclosure – New York Times

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For the Jobless, Little US Help on Foreclosure – New York Times

Posted on 05 June 2011 by admin

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Boston Globe

For the Jobless, Little US Help on Foreclosure
New York Times
Mary Ernest of Blackstone, Mass., lost her job as a school aide and was “reduced to begging, more or less,” to keep her home. By ANDREW MARTIN The Obama administration's main program to keep distressed homeowners from falling into foreclosure has been
Efforts to spare unemployed from foreclosure stallBoston Globe
Little safety net for foreclosures tied to joblessnessBend Bulletin
Three years after HAMP, unemployed are receiving little help to stay within Reach Out Job Search (blog)
Stamford Plus Magazine –U.S. Politics Today
all 24 news articles »

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Stocks mixed on weak retail and jobless reports – Seattle Post Intelligencer

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Stocks mixed on weak retail and jobless reports – Seattle Post Intelligencer

Posted on 02 June 2011 by admin

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Boston Globe

Stocks mixed on weak retail and jobless reports
Seattle Post Intelligencer
In this May 31, 2011 photo, trader Edward Curran works on the floor of the New York Stock Exchange. Stocks took another battering Thursday, June 2, on mounting concerns over the state of the US economy, political uncertainty in Japan and a warning that
US Stocks Trade Lower As Weak Data, Job-Report Wariness WeighWall Street Journal
Weak retail, jobless reports pull stocks lowerUSA Today
US STOCKS-Futures edge up ahead of jobless data, retail salesReuters
TheStreet.com –The Associated Press –CNN
all 2,080 news articles »

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