Friday September 3, 2010
| Last update: Tuesday at 9:43 PM
More Bad News as the Economy Points to a “Double-Dip”
BY Masao Suzuki | San Bruno, CA | 8/25/10
On Aug. 25, the Commerce Department reported that new home sales in July fell 12.4% from the level of sales in June, and were 32.4% lower than July of 2009. This report, which was much worse than most economists expected, followed a report by the National Association of Realtors the day before that sales of existing homes in July fell 27.2% from June, and were 25.5% lower than a year earlier.
2009 American Recovery ad Reinvestment Act, Economic Crisis
Another 250,000 Dropped From Federal Unemployment Insurance Programs
BY Masao Suzuki | San José, CA | 7/17/10
On July 15, the U.S. Department of Labor reported that another 250,000 unemployed were cut from federal unemployment insurance rolls.
Economic Crisis, Unemployment, unemployment insurance
Welfare Rights Committee launches campaign to tell the candidates: “Undo the cuts to the poor!”
BY Staff | Saint Paul, MN | 7/10/10
On July 8, members of the Welfare Rights Committee (WRC) gathered outside the Ramsey County welfare office, holding signs and passing out fliers urging people to hold the candidates for office, especially the governor’s office, accountable to the poor, unemployed and homeless.
Economic Crisis, Welfare Rights Committee
Another week, another 300,000 unemployed lose their federal unemployment benefits while senators take a break
BY Masao Suzuki | San Jose, CA | 7/09/10
On July 8, the U.S. Department of Labor reported that almost 350,000 unemployed were dropped from federal unemployment insurance rolls.
Economic Crisis, recession, Unemployment
June Swoon: 125,000 Jobs Lost in June
BY Masao Suzuki | San José, CA | 7/04/10
On Friday, July 2, the U.S. Department of Labor reported that 125,000 jobs were lost in June. While the official unemployment rate fell from 9.7% in May to 9.5% in June, this was due to the 650,000 people gave up looking for work and were no longer counted as unemployed.
Economic Crisis, jobs, recession, Unemployment
Senate Republican filibuster cuts off Federal Extended Unemployment Insurance
BY Masao Suzuki | San José, CA | 6/25/10
On June 24, Republican Senators, along with Nebraska Democrat Ben Nelson blocked a vote on extending Federal Unemployment Insurance benefits. After the 57-41 vote to end debate (60 votes are needed in the Senate to stop arguing and start voting), Democratic Senate leader Harry Reid of Nevada pronounced the measure dead.
Economic Crisis, Federal Unemployment Insurance
Standing up against budget cuts at the University of Minnesota
BY Tracy Molm | Minneapolis, MN | 6/15/10
Today 25 staff, faculty, graduate and undergraduate held a press conference to speak out against the University of Minnesota administration’s continued attempts to push budget cuts onto students and the lowest paid staff at the U.
AFSCME 3800, Budget Cuts, Economic Crisis
Jobs report raises new doubts about economic recovery
BY Masao Suzuki | San José, CA | 6/07/10
On June 4, the Department of Labor reported that there were 431,000 more jobs in May than the month before. But almost all of these new jobs were temporary workers hired for the 2010 Census. Only 41,000 jobs were added by businesses, down sharply from the 218,000 private sector job gain in Apri
Economic Crisis, Unemployment
Temporary and part-time jobs drive job gain in March
BY Masao Suzuki | San Bruno, CA | 4/04/10
n March, 162,000 new jobs were created, according to a monthly survey of businesses taken by the Labor Department. This was the largest number of new jobs created in a month in three years.
Economic Crisis
A First Look at the Job Market in the New Year
BY Masao Suzuki | San Bruno, CA | 2/10/10
On Feb. 5 the Department of Labor released their report on the January 2010 job market. The good news in the report was that the official unemployment rate fell from 10.0% in December to 9.7% in January.
Economic Crisis
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