Friday September 3, 2010
| Last update: Tuesday at 9:43 PM
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
Purchasing Power of Workers' Weekly Wages Fall 1.6% in 2009
BY Adam Price | San Jose, CA | 1/20/10
Wages failed to keep up with the rise in prices, so weekly real earnings, or the purchasing power of workers’ weekly wages, fell by 1.6% in 2009.
recession
U.S. in Longest Recession Since the 1930s
BY Adam Price | San Jose, CA | 5/11/09
The United States is now in its longest recession since the Great Depression of the 1930s.
capitalist crisis, Depression, recession
Bottom Falls Out of the Job Market
BY Adam Price | San Jose, CA | 12/06/08
On Friday, Dec. 5, the Department of Labor reported that 533,000 jobs were lost in November, the worst one-month decline since 1974.
1930s, capitalist crisis, recession, Unemployment
Shock and Awe on Wall Street
BY Adam Price | San Jose, CA | 9/21/08
The year-old financial crisis entered a new stage in September as the U.S. financial system suffered its worst setbacks since the Great Depression of the 1930s.
bank bailout, capitalist crisis, recession
Financial Crisis Grows as Investment Bank Bear Stearns Collapses
BY Adam Price | San Jose, CA | 3/24/08
On Friday, March 14, the fifth largest investment bank in the United States, Bear Stearns, failed.
bank bailout, Bear Stearns, capitalist crisis, recession
Did the Recession Begin in December?
BY Adam Price | San Jose, CA | 2/03/08
On Friday, Feb. 1, the U.S. Department of Labor reported that the economy lost 18,000 jobs in January, the first decline in more than four years.
capitalist crisis, recession, Unemployment
Not So Happy New Year: U.S. Economy on the Edge of a Recession
BY Adam Price | San Jose, CA | 1/11/08
New economic data released in early January 2008 showed that the U.S. economy was on the edge of a recession in December. On Jan. 2, the Institute for Supply Management reported that the manufacturing sector shrank in December.
capitalist crisis, recession, Unemployment, unemployment disparity
Downturn in U.S. Housing Market Shakes Financial Markets Around the World
BY Adam Price | San Jose, CA | 8/20/07
In July the U.S. housing market hit new lows, with the lowest number of permits for new homes and the lowest number of construction starts in more than ten years.
capitalist crisis, housing crisis, recession
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