- Markets tumble on weak unemployment report amid fear that U.S. recovery has stalled, By Ylan Q. Mui, June 1, 2012, Washington Post: “Businesses dramatically scaled back hiring in May, pushing the nation’s unemployment rate up to 8.2 percent and stoking fears that the economic recovery has stalled once again. The Labor Department reported Friday morning that the country added a meager 69,000 jobs last month – less than half the number economists had expected. It also revised its estimate of job growth in April down from 115,000 to just 77,000…”
- U.S. economy appears weaker ahead of jobs report, By Martin Crutsinger (AP), May 31, 2012, Miami Herald: “The U.S. economy is looking slightly weaker one day before a critical report on May job growth. Economic growth was a little slower in the first three months of the year than first estimated, largely because governments and consumers spent less and businesses restocked their supplies more slowly. The number of people who applied for unemployment benefits rose to a five-week high last week. And a survey of private companies showed only modest hiring gains last month…”
Poverty-related issues in the news, from the Institute for Research on Poverty