By PETER S. GOODMAN
Credit to New York Times
Published: July 2, 2009
The American economy lost 467,000 more jobs in June, and the unemployment rate edged up to 9.5 percent in a sobering indication that the longest recession since the 1930s had yet to release its hold. “The numbers are indicative of a continued, very severe recession,” said Stuart G. Hoffman, chief economist at PNC Financial Services in Pittsburgh. “There’s nothing in here to show that the economy and the market are pulling out of the grip of recession.”
The Labor Department’s monthly snapshot of employment, released Thursday, challenged visions of a recovery already taking root. The numbers intensify pressure on the Obama administration to show returns on programs aimed at improving national fortunes — not least its $787 billion stimulus plan.
To read the entire article, click here - http://www.nytimes.com/2009/07/03/business/economy/03jobs.html
Showing posts with label job loss. Show all posts
Showing posts with label job loss. Show all posts
Sunday, July 3, 2011
Monday, September 20, 2010
Senate OKs Small Biz Jobs Bill
NEW YORK (CNNMoney.com) -- After months of debate and significant pressure from the White House, the Senate on Thursday passed a $42 billion bill aimed at helping small businesses.
The House passed its own version of the bill about 3 months ago. The Senate's version of the Small Business Jobs Act will now have to go back to the House, where it's expected to pass, before President Obama can sign it into law.
The measure is expected to create 500,000 jobs, according to a Senate summary of the bill. Hiring by small businesses, considered a key driver of job growth, has been shrinking over the last two and a half years.
The bill, which passed the Senate vote 61 to 38, aims to spur hiring by making credit more available to small businesses. The number of loans has dropped by 17.8% since the second quarter of 2008 and the total value of those loans plunged by $60 billion to $650 billion, according to data from the FDIC.
To read the entire article, click here -
http://money.cnn.com/2010/09/16/smallbusiness/small_business_jobs_bill/index.htm
The House passed its own version of the bill about 3 months ago. The Senate's version of the Small Business Jobs Act will now have to go back to the House, where it's expected to pass, before President Obama can sign it into law.
The measure is expected to create 500,000 jobs, according to a Senate summary of the bill. Hiring by small businesses, considered a key driver of job growth, has been shrinking over the last two and a half years.
The bill, which passed the Senate vote 61 to 38, aims to spur hiring by making credit more available to small businesses. The number of loans has dropped by 17.8% since the second quarter of 2008 and the total value of those loans plunged by $60 billion to $650 billion, according to data from the FDIC.
To read the entire article, click here -
http://money.cnn.com/2010/09/16/smallbusiness/small_business_jobs_bill/index.htm
Subscribe to:
Posts (Atom)
Do Do You Keep Your Career Options Open?
Call The POWER Group Organization Team at (502) 209-TEAM {8326}!
