US Govt Looking to extend Unemployment and Health Benefits of Laid-off Workers
The Obama-administration has bared plans to provide more lift to unemployed workers by extending their unemployment claims and health care benefits.
View ArticleUnited States in on Sale, Turns in to Shoppers Paradise
The whole US is literally on sale as retail stores, luxury product companies, and major manufacturers slashed down their prices to cope up with the lost profit due to the long months of recession.
View ArticleTougher Job Competition Seen in the US
Tougher job competition among jobless Americans is seen in the United States as 6.3 percent of unemployed workers battle it out for a single opening.
View ArticleUnited Auto Works, Ford Close in on Contact Changes
The United Auto Works and Ford Motor Co. have finally closed in on contract changes after six weeks of discussion.
View ArticleUnemployment Seen at 10 Percent despite End of Recession
Unemployment in the United States is seen rising to around 10 percent in the second half of 2009 despite reports that the recession is finally over.
View ArticleUS Govt Creates only 30, 000 Jobs out of $787B Stimulus Fund
A new data regarding the state of the $787 billion US stimulus package has now raised the question on whether the Obama administration has failed in its implementation.
View ArticleUS Retail Sales Drags Down Auto Industry
The US retail sales have dragged down the sales of the auto industry in September as consumers continue not to spend. According to the Commerce Department, the low demand for retail products resulted...
View ArticleUS Industrial Output Rises for Third Straight Month in September
The United States industrial output has risen for the third straight month in September, the Federal Reserve said on Friday. The figures were able to beat analysts prediction of a low turnout of 0.2...
View ArticleUS Govt Beefs up Effort in Limiting Executive Pay
Enforcing its veto power, the Obama administration will soon implement a major capping in the salaries of top executives of some seven big companies in the US. Starting in November, the US government...
View ArticleWhite House Eyes Jobs Growth by Spring
The White House now eyes job growth by spring next year following predictions by different economic experts, saying that job market development is most likely to sprout in the early quarters of 2010.
View ArticleUS Senate Votes for Jobless Benefit Extension
Fueled by angry sentiments of the voters ahead of the November mid-term elections, the United States Senate has voted on Tuesday to clear the final hurdles for the passing of the legislation aimed to...
View ArticleUS Trade Deficit Narrows in September
A new data released by the United States Commerce Department showed a slight decrease in the countrys trade deficit in September, but was still above last years record.
View ArticleGroupon to offer Epic Deals starting Nov.15
In an effort to grab a much larger share of the holiday spending, online discount firm Groupon Inc. on Thursday said it plans to launch much bigger, ticket items this year as the company ramps up its...
View ArticleUS Retail Sales Rose as Economy Surges
Retail sales in the US increased by some 2.7 percent in August, the fastest since the start of 2006, the US Commerce Department said on Tuesday.
View ArticleUS Unemployment to hit Ceiling in 2011
The unemployment rate in the United States is most likely to peak in the next two years as the economy failed to get fast enough after long months of recession.
View ArticleUS 2009 Imports Sharply Below Average, Lowest Since 2003
Import volume in the United States to go down by 18 percent, according to experts. US imports will mostly hit only 12.5 million containers, the lowest since 2003 and the 25th consecutive month that the...
View ArticleUS Holiday Spending Falls Flat
High unemployment rate, low salary, and decreasing job security in the United States are pushing holiday spending into a flat progress as American consumers save up in an unprecedented rate as lessons...
View ArticleMother-Friendly US Companies Named
US companies with best family-friendly, working mother policies were identified by the Working Mother Magazine as recognition to their contribution to working moms and their families especially during...
View ArticleUS New Home Sales Record Extended Streak
New home sales in American is gaining momentum as sales in August showed a 0.7 percent increase making it the fifth straight month that the housing market has registered gain.
View ArticleJobless in US Reaches 13 Million
According to the latest survey, unemployment rate in March rose by 8.5 percent or 12 million employees lost their jobs. In just a month, the report said that more than 663,000 people were laid off as...
View Article71 Percent of US Companies Lay Off Workers
According to a recent study, more than 70 percent of US companies have resorted to massive layoffs as consumer spending and sales were down amid financial crisis. Meanwhile, some companies said that...
View ArticleGM Must Prepare to File Bankruptcy: Fed
In a New York Times report, the US Treasury Department has urged carmaker giant General Motors to file for bankruptcy in June despite the company's claim that it can restructure itself to prevent...
View ArticleGM to Shut Down 13 Plants
Carmaker giant General Motors on Thursday announced it will temporarily shut down 13 plants in line with its cost-cutting measure to keep its finances afloat amid slumping sales and weak economy.
View ArticleGM Reveals Last Contingency Plan to Avoid Bankruptcy
Struggling carmaker General Motors Corp. (GM) on Monday revealed its final restructuring plans that include massive workforce reduction which can affect more than 21,000 employees and possible...
View ArticleYour 401(k) May be Worthless
Employees are becoming bitter because they're watching their 401(k) balances fall. Who can blame them? The defined contribution plan is failing them and some employers have even suspended their monthly...
View ArticleUS Retailers Continue to Reel from Low Consumer Spending
The retail business has trimmed its expenses to maintain its operation and cushion the impact of low consumer spending amid the economic crisis.
View ArticleObama Signs New Law to Protect Tenants from Foreclosure
To protect tenants who are living in foreclosed properties, President Barack Obama recently signed a law that will allow them to stay in their homes for up to 90 days after their lease has ended,...
View ArticleUS Retail Industry to Expand Abroad
Retail executives said they are expecting that the US economy will recover sooner, allowing them to expand and open stores in foreign economies.
View ArticleTips for Starbucks Baristas must be shared with Supervisors
According to Californias labor laws, no agent or employer shall receive, take, or collect any gratuity left by a patron for the employee. Do you think that the court of appeals was right in their...
View ArticleUS Sheds 345,000 Jobs in May
The US labor sector shed 345,000 jobs in May which is lower compared to 504,000 in April. Meanwhile, the Labor Department said that there are 14.5 million displaced workers, pushing the joblessness to...
View ArticleStanford Pleas "not guilty" to $7 Billion Fraud Charges
Stanford contested case filed against him by some 30,000 investors over the alleged $7-billion scam involving his company. However, Stanford said that he is "not guilty" of the charges.
View ArticleOrion Plant tops GM's List
General Motors Corp. on Friday announced that it will start the production of its line of small and subcompact cars at the Orion plant in Orion, Michigan.
View ArticleTough Budget Choices Faced by California and Other States
Lawmakers around the nation have spent Tuesday in around-the-clock, grueling budget sessions as they face a tough time in painful cuts and other government shutdowns. The most dramatic negotiations...
View ArticleUS auto industry welcomes below 30 drop, fall slowing down
A recent study showed that US auto sales are showing some signs resistance from the falling vehicle market as it registered a 28 percent drop. It is the first time that the auto sales market breaks the...
View ArticleToyota to invest $500 million to Boost US Sales
Japanese carmaker Toyota Motor Corp. is now planning to invest heavily in its plant in Indiana to upgrade its SUV manufacturing line after the sales of its car in the US hit a downhill turn.
View ArticleUS Export Remains Strong-Commerce Department
The US Department of Commerce, citing its recent figure, said the trade deficit in May is the lowest in a decade as exports remained strong while imports were drastically declining as the demand for...
View ArticleUS Retailers Saved by Auto Sales
Despite weary spending and consumer confidence still at all time low, the economy is showing small steps back to recovery following a reported jump in the sales of automobiles and lowering of gasoline...
View ArticleRevenue Loss Prompts US Airways to Slash 600 Jobs
Due to the current economic recession, some 600 airport employees of the US Airways will be booted out of their jobs.
View ArticleUS Job Loss Still Looms, Consumers Tentative Over Economy
Conference Board on Tuesday said that US consumer spending habit and its confidence to the economy may have great effects to incoming back-to-school shopping season as parents begin to worry more about...
View ArticleUnemployment Claims Declines, Jobs Cuts Decrease in July
The number of people filing for unemployment claims in the US has dropped significantly giving hopes to majority of the Americans that the economy may soon be one its way back to stability. The survey...
View ArticleUS Congress Passes for Second Reading the Legislation Limiting Exec Pay
The Congress has now passed to the US Senate the legislation that would put a limit to the high pay that company executives were receiving.
View ArticleUS Government to Bring "Green Jobs" to Midwest
As part of the $787 billion stimulus package of the government, President Obama said that he will invest some $2.4 billion for creation of jobs in the Midwest to help it recover from the blows of the...
View ArticleUS Banks still Barely Recovering
Even if theres a slight recovery for US banks, they still remain in tight straights especially the smaller ones experts say. A clear breakwater for the large financial institutions of the nation...
View ArticleUS Housing Recovery on the Right Track
The US Department of Commerce said that sales in the single-family homes increased for the fifth straight month in July as housing producers pricing fell significantly, giving the distinction that the...
View ArticleWeak Job Market, Low Consumer Spending Slow Down Economic Recovery
Analysts on Friday said that there are still no signs of fast economic recovery in the US as weak spending habits by the consumers still looms, preventing small and medium scale businesses to continue...
View ArticleUnemployment Rate Drops in 17 States in July
The US Labor Department on Friday said that the government's stimulus package is now showing its effect as it helped some 17 States to lower the jobless rate in the area in July, giving signs that the...
View ArticleUS Govt Pushes for Cash for Fridge
Following the successful turnout of the cash for clunkers auto program of the Obama-administration, the government on Monday said that it will be coming up with a new stimulus deal for American...
View ArticleUS Court of Appeals Upholds Gambling Ban on the Internet
No Internet gambling in New Jersey still as the state court of appeals rejected calls from various off-shore casino operators to review the prohibition on the privacy rights and upheld its decision to...
View ArticleUS Trade Deficits to China Grows Bigger, Chinese Unhappy About it
The Chinese government hit back on the Obama-administration over an old trade dispute, saying that the US failed to honor the deal it has promised with China during the G20 summit.
View ArticleUS Companies Eye New Job Offering Survey
Companies in the US are now eyeing the creation of new jobs for the American people as they look ahead into 2010 sales, a new data from a private research firm showed on Monday.
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