Las month business in Washington, D.C. ground to a halt as record snowfalls pummeled the area and a sparring match over national health care reform hijacked the political conversation. But the nation’s capital is getting something right: It is emerging from the recession better than any other major city in the country, according to research [...]
Posts Tagged ‘unemployment’
Ten cities managing to weather the recession
March 9th, 2010 by Financial Writer
Tags: business, economic recovery, month business, recession, unemployment
more...Poll: Economists see ‘healthy’ expansion under way
February 22nd, 2010 by Financial Writer
Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics, set to be released Monday, sees regular job gains resuming this quarter but no drop in unemployment below 9 [...]
Tags: business economics, economists, federal debt, inflation, unemployment
Small Investors Lost It All in Memphis
February 10th, 2010 by Financial Writer
The commercial real-estate mess is clobbering lots of investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.
The office complex about five miles east of downtown tumbled into foreclosure last fall because the owners couldn’t refinance the $14 million loan used to buy the two glass-and-steel [...]
Tags: commercial mortgages, Debt, investors, loan, memphis, mortgages, unemployment
Companies boost productivity and put off hiring
February 4th, 2010 by Financial Writer
Employers are managing to boost production without creating new jobs. The question is when they’ll feel the need to ramp up hiring.
Squeezing more output from their existing staffs allowed companies to boost productivity in the October-December quarter. And last week, the number of people filing new claims for jobless aid rose. The two Labor Department [...]
Tags: Dow Jones Industrial, productivity, recessions, unemployment, us economist
Obama budget: Record spending, record deficit
February 2nd, 2010 by Financial Writer
Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
If Congress [...]
Tags: banks, barack obama, recession, record deficit, record spending, unemployment
Obama unveils $3.83T budget with massive deficits
February 1st, 2010 by Financial Writer
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion [...]
Tags: barack obama, businesses, great depression, inflation, unemployment
Unemployment rose in 43 states last month
January 22nd, 2010 by Financial Writer
Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market and illustrating nationwide data released two weeks ago.
The rise in joblessness was a sharp change from November, when 36 states said their unemployment rates fell. Four states — South Carolina, Delaware, Florida and North Carolina [...]
Tags: delaware, Florida, north carolina, South Carolina, unemployment, unemployment rates
Ahead of the Bell: Leading economic indicators
January 21st, 2010 by Financial Writer
Analysts expect that a private forecast of U.S. economic activity rose at a slightly slower pace in December, signaling that the slow, bumpy recovery from the recession was likely to continue.
The Conference Board’s index of leading economic indicators likely rose 0.7 percent last month, according to Wall Street economists surveyed by Thomson Reuters. The index, [...]
Tags: economic indicators, economy recovery, real estate sector, recession, stock prices, unemployment, us economic
Recession takes toll on university president pay
January 18th, 2010 by Financial Writer
The recession has reached the executive suites of the nation’s public universities and colleges, putting a stop to a string of large annual pay increases for school presidents.
A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public schools leveling off in 2008-2009, rising a relatively modest 2.3 [...]
Tags: bonuses, charles grassley, higher education, recession, unemployment
Ahead of the Bell: Jobless claims
December 31st, 2009 by Financial Writer
The number of newly laid-off workers seeking unemployment benefits likely rose slightly last week, a sign that jobs remain scarce even as the economy slowly recovers.
A Labor Department report is expected to show new unemployment insurance claims rose by 8,000 to a seasonally adjusted 460,000, according to economists surveyed by Thomson Reuters.
Economists closely monitor initial [...]
Tags: bell, economy recovery, economy slowly, jobless claims, unemployment