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, [...]

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, [...]

According to an article in the Dallas Morning News, Texas companies and local governments say they’ve saved or created about 1,100 jobs with stimulus-funded contracts created by the $787 billion state stimulus package; but many critics say the self-reported results are suspect.
The article said:
“The jobs include many instances in which construction companies assert that stimulus [...]

Are you one of the 5 million Americans who have remained unemployed for more than six months?  There are more than 14 million unemployed Americans and five million of them are facing long-term unemployment that could extend well past a year.  Even after the economy improves, many analysts expect that the unemployment rate will continue [...]

According to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000.
The article said:
“Despite the improvement, initial claims remain well above the 325,000 that economists say is consistent with a healthy economy.”
Also, there are still 8.9 million Americans continuing [...]

According to an article in the Dallas Morning News, first-time claims for unemployment insurance benefits increased more than expected last week.  The Labor Department reported that initial unemployment insurance claims rose to 551,000 from 534,000.  Analysts had expected that unemployment claims would only rise to 535,000.
“Economists closely watch initial claims, which are considered a gauge [...]

According to an article in Reuters, America’s high unemployment rate is causing a surge in the number of foreclosures and bankruptcy filings nationwide.
The article said:
“Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July…By comparison, 4.89 percent of mortgages [...]

According to an article in the Star-Telegram, the Texas unemployment rate hit 8 percent for the first time in 22 years.  The last time the state experienced unemployment numbers that high was during the 1980’s oil bust.  But despite Texas’ high unemployment rate, the state is still fairing better than the country as a [...]

According to an article in the Star-Telegram, the nation’s wealth real median income fell by 3.6 percent from $52,163 in 2007 to $50,303 in 2008, the worst decline since the Census Bureau began collecting the data during World War II.
The article said:
“The national poverty rate also hit its highest level since 1997, jumping to 13.2 [...]

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 [...]

Credit delinquency rates are at all-time highs according to the American Bankers Association.
According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever been seen before.  The mounting number of job losses is seen as a major reason why delinquent payments hit an all time [...]

The metroplex continues to feel the pain of unemployment as updated stats were announced today in the Denton Record-Chronicle.  The City of Denton and Denton both experienced significant increases in their unemployment rates.   The article stated:  “Denton County’s unemployment rate reached 7.6 percent in June, up a full point from 6.6 percent in May. The [...]