Hopes Rise As New Jobless Claims Drop

New jobless claims dropped by 33,000 in the week ended Oct. 3, according to data released Thursday by the Labor Department. The seasonally adjusted 521,000 filing initial claims for state unemployment benefits is the smallest level since the ... continue

U.S. Unemployment Hits 26-Year High

American unemployment has hit a 26-year high as the U.S. economy continued to shed jobs in September. Last month marked the 21st consecutive month of American job losses. Americans should be ready for sticker shock as the unemployment ... continue

FDIC Wants Banks To Prepay Deposit Insurance

The Federal Deposit Insurance wants member banks to prepay three years worth of premiums for deposit insurance. The recommendation Tuesday by the agency's board would raise enough money for the FDIC to cover customer deposits at failing banks. ... continue

House To Vote On Extending Jobless Benefits

The House on Tuesday votes on a bill that would extend insurance for the jobless in states with high unemployment rates. The measure has not elicited significant Republican opposition and is expected to pass. The bill from Rep. ... continue

Airline Forecast Paints Bleak Picture For Industry

The International Air Transport Association (IATA) has released a new, darker prediction for the industry. Revising its outlook downward, the IATA announced airlines will lose as much as $11 billion in 2009 after revenues will fall 15 ... continue

Google searches indicate economy is recovering. Slowly.

Hal Varian, Google's chief economist, has noticed some significant, promising changes trending since March. Unemployment searches are down, real estate searches are up, and temporary employment (which often is a pre-indicator for a recovery in the permanent kind) ... continue

U.S. Census Bureau Reports Poverty Level Reaches 11 Year High

According to a U.S. Census Bureau report, 2.5 million more Americans people were pushed into poverty in 2008. The latest results which were being calculated as the recession began to strangle the country mark an 11-year high ... continue

Bronx girl Trina Thompson sues college because she can’t find a job

Unemployment in New York State is skyrocketing, and one city resident isn't taking it lying down. Trina Thompson attended Monroe College in the Bronx and since her graduation with an Information Technology degree in April, Thompson has been ... continue

The Recession 101 ad Campaign – who’s paying for it?

Jessica Pressler over at the Daily Intel blog has a really cool story about an outdoor ad campaign that is being run across the country but no-one has any idea who’s behind it, or ... continue

Love don’t cost a thing, but if it did…

...it would command a pretty hefty price tag. The last few years have been rough financially, and for many, the opportunities to enjoy oneself via the presence of discretionary income have dwindled significantly. (Which is a "remember when" ... continue

Good news, everyone! World bank predicts worsening global recession

Although Goldman Sachs is predicting record bonuses will be paid out in their best year ever, the rest of the world is not going to be as lucky. The LA Times is reporting that the global economic downturn is ... continue

Keyring Breathalyzer Perfect Example of what’s Wrong with America

So you're feeling the bite of the recession like everyone else, yet you still think that even though you've been laid off from your job and the bank is about to foreclose on your house, you can ... continue