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Archives for Economy - 2/26 - News

Homelessness increased in 2013 Obama economy

WASHINGTON -The downturn in the economy and a lack of local resources have forced more Americans to live under bridges, in their cars and on the couches of other family members, according to a recent report on hunger and homelessness. The 25-dty surv ...

Job growth weakest in three years

The nation's unemployment rate plunged from 7 percent to 6.7 percent last month as Americans continued to drop out of the labor force while some found jobs, the Labor Department reported Friday morning. Employment growth during the holiday month, at ...

Retirement unlikely for some blue-collar Americans

Tom Edwards grew up in a family that's been cutting trees and hauling timber in the Pacific Northwest for more than a century. The Spanaway, Wash., resident says he has worked as a logger since he was a kid - it's just what an able-bodied youngster w ...

Has the Fed been fueling bubbles? You be the judge

WASHINGTON - The Federal Reserve's super-low interest-rate policies have inflated a slew of dangerous asset bubbles. Or so critics say. They say stocks are at unsustainable prices. California homes are fetching frothy sums. Same with farmland, Bitcoi ...

68,000 more file for unemployment in one week

The number of U.S. citizens who have applied for unemployment benefits soared by 68,000 in one week's time, bringing the total to 368,000, the Labor Department said on Thursday. The increase, reported for the week ending Dec. 7, follows seven weeks o ...

$15 minimum wage passes in SeaTac

SEATAC -- As supporters of a $15 minimum wage for workers in and around Seattle-Tacoma International Airport declared victory Tuesday, opponents made clear the fight is far from over. Common Sense SeaTac, a business-backed political committee opposed ...

Consultant: Many Detroit departments couldn't perform basic functions

Several of Detroit's departments were not able to perform some of the most basic functions when Conway MacKenzie began providing work for the city in 2012. "Simple things such as getting bills out on time to the right addresses with the right staffin ...

Study: 15 percent of US youth out of school, work

WASHINGTON (AP) -- Almost 6 million young people are neither in school nor working, according to a study released Monday. That's almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, wh ...

Detroit CFO Jim Bonsall forced to resign for hoodie comment

Detroit's chief financial officer resigned on Tuesday, less than three months after he was hired and one week after another high-ranking city official accused him of making racially insensitive remarks. James Bonsall's resignation followed an interna ...

Half of older US workers delay retirement plans

CHICAGO -- Older Americans, stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exi ...


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