After this week, no state will provide additional weeks of emergency unemployment insurance. More than a half million workers will be affected. “Emergency benefits will no longer be available in any state, not because most states’ economies have improved to anywhere near pre-recession conditions, but because they have not significantly deteriorated in the past three
Read moreAnemic employment figures released by the U.S. Labor Department mark the third straight month of weak hiring and rounds out a poor second quarter for 2012. The real unemployment rate rose to 17.3 percent as the number of real unemployed workers increased by 463,000 in June, fueling concerns that the economy has taken a turn
Read moreThe Great Recession has erased nearly two decades of the average American family’s net worth, leaving many no better off than they were in the early 1990s, says a new report by the Federal Reserve. Meanwhile CEO pay continues to reach record heights, says another report. According to the Fed’s Survey of Consumer Finances, in
Read moreLast week, the Union of the Unemployed (UCubed) registered on the radar screens of the vast right-wing conspiracy. Daily Caller, Human Events aka the John Birch Society, the Drudge Report, the Romantic Poet, Fox Business News and literally thousands of their fruitcake friends went bananas over the idea that UCubed would even try to organize
Read moreThree years after America’s largest financial collapse since the Great Depression, the U.S. economy is still unsteady. While some banks received huge bailouts, countless Americans are struggling. A new four-hour documentary by PBS FRONTLINE investigates what has been done (and not done) to secure America’s financial future. At the heart of Money, Power and Wall
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