Posts Tagged ‘Recession’

Unemployed Workers Worse Off Than In 1982

According to an article in the Star-Telegram, unemployed workers may be worse off now than they were the last time the unemployment rate topped 10 percent in 1982.
The article said:
“Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And [...]

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Job Losses Continue To Rise Despite Government Recovery Claims

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

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Job Losses Continue To Rise Despite Government Recovery Claims

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

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How Will Texas’ Unemployment Fund Insolvency Affect You?

According to an article in the Dallas Morning News, the Texas unemployment compensation fund is out of money and relying on loans from the federal government to survive. New taxation for businesses is probably the only way to get out of the red; but officials are hesitant to hit businesses with higher taxes during this [...]

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Lessons from the Recession

We’ve all heard the saying that those who forget the past are doomed to repeat it.  An article in Investopedia.com highlights the most recent lessons from our recession.  Lisa Smith lists five basic principles that should be garnered from this financial crisis:
1.  Risk matters…but protecting what you have is just as important as trying to [...]

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Recession Still Kicking Workers in Michigan

Bankruptcy is  important source of relief as job recovery still lags.
I still remember the recession when Jimmy Carter was president.  I would go to the houses of family friends and literally hear parents cursing Carter for their economic stress.  Families got through that recession doing the same things that many people are doing right [...]

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Young and Old Hit Hardest By Unemployment and Job Losses

According to an article in the Star-Telegram, young people between the ages of 25 and 29 and women over age 55 are being hit hardest by job losses and prolonged unemployment.
The article said:
“Places with high concentrations of people in their late 20s or nearing what they thought would be their retirement age are feeling the [...]

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More Americans Remain Unemployed

According to an article in the Dallas Morning News, the Labor Department reported that new jobless claims fell slightly last week while the number of people receiving unemployment benefits rose.
The article said:
“First-time claims have trended down in recent months and are well below the recession’s high of 674,000 hit in the first week in April. [...]

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