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 [...]
Posts Tagged ‘unemployment’
Recession takes toll on university president pay
January 18th, 2010 by Financial Writer
Tags: bonuses, charles grassley, higher education, recession, unemployment
more...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
Rebound leads AP’s top business stories of ’09
December 21st, 2009 by Financial Writer
In 2009, the economy was near collapse before pulling back from the brink of depression. Unemployment topped 10 percent, but layoffs eased. General Motors and Chrysler toppled into bankruptcy and emerged smaller and leaner. The Dow Jones industrial average swooned to a 12-year low, then came part of the way back.
It was a year of [...]
Tags: depression, economy’s wild, general motors, great depression, top business, unemployment
Midnight in the food-stamp economy
December 18th, 2009 by Financial Writer
At 11 p.m. on the last day of the month, shoppers flock to the nearest Walmart. They load their carts with food and household items and wait for the midnight hour. That’s when food stamp credits are loaded on their electronic benefits transfer cards.
“Once the clock strikes midnight and EBT cards are charged, you can [...]
Tags: costco, economy, food stamp, unemployment, us holiday
Economic reports raise hopes for global recovery
December 12th, 2009 by Financial Writer
Just in time for Christmas, the fragile economic recovery is showing signs of strengthening: Consumers are spending, companies are rebuilding stockpiles and Chinese exports are mounting a comeback.
Data released Friday eased some worries about Americans’ willingness to spend this holiday season. But stores remain worried that they may have to offer deeper discounts than planned, [...]
Tags: economic reports, economy struggling, global recovery, increase economists, unemployment
Slow growth and high unemployment for U.S. in 2010: report
December 9th, 2009 by Financial Writer
Low interest rates will prevail through most of next year as the U.S. economy expands modestly and the unemployment rate remains stuck in double digits, the UCLA Anderson Forecast group said on Wednesday.
“Specifically, we forecast that after growing at 2.8 percent in the most recent and current quarters, real GDP growth will settle into a [...]
Tags: central bank, Federal Reserve, great depression, interest rates, unemployment, us economy
Obama packs political punch into economic speech
December 8th, 2009 by Financial Writer
President Barack Obama packed an economic speech with a political punch on Tuesday, blaming Republicans for creating high deficits, mismanaging bank bailouts and obstructing efforts to reform healthcare.
Obama, a Democrat, announced new measures to spur job growth, but he spent a good chunk of his speech defending his record and tarring the opposition party for [...]
Tags: Debt, economic speech, economic trends, packs political, unemployment
AP analysis: US economy entering sluggish recovery
December 7th, 2009 by Financial Writer
Now that the Great Recession appears over, the economy looks to be entering a Rocky Recovery, in which much of the nation will continue to struggle well into 2010.
The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties found the economy little changed in October compared with September. Some states saw [...]
Tags: economy recovery, great recession, real estate, unemployment, us economy
U.S. job data gives boost to recovery hopes.
December 4th, 2009 by Financial Writer
U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.
The economy shed only 11,000 jobs in November, well below the 130,000 loss financial markets had braced for, while [...]
Tags: economic recovery, recession, recovery hopes, unemployment, us employers, us job
Group: Chinese overinvestment could strain trade
November 26th, 2009 by Financial Writer
China’s stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand, possibly igniting a protectionist backlash abroad, a European business group warned Thursday.
Industries including steel, cement and plastics are “still blindly expanding” despite the worst global slump since the 1930s, the European Union Chamber [...]
Tags: business groups, chinese leaders, european business, group chinese, unemployment