Last Updated:October 24 @ 10:15 pm

Archives for Economy - News

US job growth slowed to its lowest level this year

The US added 142,000 jobs in August, the lowest figure this year and one that ends a streak of months in which the economy added more than 200,000 new positions. The labour department's figures came as a surprise. Analysts polled by Reuters had expec ...

Rahm Emanuel wants $13 an hour minimum wage in Chicago

[caption id="attachment_31177" align="alignright" width="300"] (File Photo)[/caption]Mayor Rahm Emanuel said Tuesday that he would push aldermen to raise Chicago's minimum wage to $13 an hour no matter what Springfield lawmakers do on the issue this ...

25 pct of households 'just getting by'

WASHINGTON (AP) — A quarter of U.S. households say they're "just getting by" financially, a survey by the Federal Reserve shows. The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and ...

35 percent of Americans not paying their bills

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bill ...

Detroit retirees back pension cuts by a landslide

DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest ...

Seattle hikes minimum wage to $15

SEATTLE (AP) — Seattle activists celebrated a successful campaign to gradually increase the city's minimum wage to $15 by calling for a national movement to close the income and opportunity gaps between rich and poor. The Seattle City Council unanimo ...

HP to cut 11,000 to 16,000 more jobs

PALO ALTO, Calif. (AP) — Hewlett-Packard Co. said Thursday that it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectatio ...

Seattle aims to lead nation to $15 minimum wage

SEATTLE (AP) — They've crowded into stuffy rallies at a Seattle union hall, protested in front of fast food restaurants, marched down city streets and implored city leaders to demand an immediate$15 an hour minimum wage hike for all employees. "We're ...

Analyst says California faces $340 billion in debt

SACRAMENTO, Calif. (AP) — California faces $340 billion in debts, or more than $8,500 for each of its 38 million residents, the nonpartisan Legislative Analyst's Office said Wednesday in recommending that the state set priorities for paying down its ...

The best cure for poverty is a good job

Paul Ryan pitched another battle Tuesday in his ongoing war against the American War on Poverty Wednesday, blaming President Lyndon Johnson's 50-year-old program for making things worse for the nation's poor. The Wisconsin Republican, who also author ...


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