- Jobless claims rise to highest level in 9 months, By Christopher S. Rugaber (AP), August 19, 2010, Washington Post: “Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November. It was the third straight week that first-time jobless claims rose. The upward trend suggests the private sector may report a net loss of jobs in August for the first time this year. Initial claims rose by 12,000 last week to 500,000, the Labor Department said Thursday…”
- Markets fall as jobless filings rise, By Christine Hauser, August 19, 2010, New York Times: “Equity investors on Wall Street found bad news staring them in the face again Thursday. Disappointing reports about the job market and a regional slowdown in manufacturing reminded traders that the economic recovery was beginning to slow and that the job market would continue to be weak because of it. Shares on Wall Street were down more than 1.5 percent in afternoon trading after the Department of Labor said that initial claims for unemployment insurance rose last week to a seasonally adjusted half a million people, the first time since November that they have reached that level. The jobless claims climbed by 12,000 to 500,000 from the previous week’s revised 488,000…”
Poverty-related issues in the news, from the Institute for Research on Poverty