Every day, more bad news for the unemployed...
The recession has given way to a weak and uncertain expansion, one that is unlikely to provide the robust growth in hiring needed to cut significantly into the teeming ranks of the jobless.
Labor specialists assume the economy needs to generate more than 100,000 jobs a month simply to keep pace with new entrants to the work force... joblessness and economic anxiety are likely to remain a stubborn affliction for years to come.
http://www.nytimes.com/2010/03/06/business/economy/06jobs.html
The jobs market had shown signs of weakening in recent weeks, with claims reaching unexpectedly high levels...some saw it as evidence that the labor market was deteriorating in the face of a feeble recovery.
http://www.nytimes.com/2010/03/05/business/economy/05econ.html
A recent batch of subpar data on housing and consumer confidence has stirred speculation of a double-dip recession...some analysts say they believe the market has lost touch with economic reality and is due for another decline.
http://www.nytimes.com/2010/03/06/business/06markets.html
A lot of worry about the economy remains, and some economists are forecasting a double-dip recession, as occurred in the early 1980s, or a very slow recovery, as happened after the 1990-91 and 2001 recessions.
http://www.nytimes.com/2010/03/06/business/economy/06charts.html
Meanwhile, the big banks continue to prosper...but what about Citigroup, that still owes TARP funds?
The chief executive of Citigroup told a government panel on yesterday that no financial institution should be "too big to fail" and that he was aggressively moving to break up the bank and rein in excessive risk-taking.
http://www.nytimes.com/2010/03/05/business/05tarp.html
Related posts on the current unemployment situation:
Unemployment - Foreclosures, Might See Rise in Suicides
http://tobuds.com/blogs/blog1.php/2010/03/10/unemployment-foreclosures-might-see-rise
The Great Depression: Then and Now - Is There a Difference?
http://tobuds.com/blogs/blog1.php/2010/03/08/the-great-depression-then-and-now-is-the
The New Poor - Millions of Unemployed Face Years Without Jobs
http://tobuds.com/blogs/blog1.php/2010/02/21/the-new-poor-millions-of-unemployed-face
The Jobless and Suicides in 2010
http://tobuds.com/blogs/blog3.php/2010/03/07/out-of-work-buy-a-shotgun
Government Jobs (Bigger Government) Drive Employment Numbers
http://tobuds.com/blogs/blog1.php/2010/03/01/government-jobs-bigger-government-drive
Actual Unemployment in 2010 - Recession Worse than Reported
http://tobuds.com/blogs/blog1.php/2010/02/04/actual-unemployment-in-january-2010-rece
Deep Recession Shows No Sign of Letting Up - Maybe Getting Worse
http://tobuds.com/blogs/blog1.php/2010/02/24/deep-recession-shows-no-sign-of-letting
Largest U.S. Labor Union: AFL-CIO says Jobs Won't Return
http://tobuds.com/blogs/blog1.php/2010/01/07/largest-u-s-labor-union-afl-cio-says-job
More Bad News for the Unemployed in 2010 - and Beyond
http://tobuds.com/blogs/blog1.php/2010/02/23/more-bad-news-for-the-unemployed-in-2010
Almost 1 out of 5 People are Out of Work in the U.S.A.
http://tobuds.com/blogs/blog1.php/2009/12/31/unemployment-december-2009-new-release
FOX News Wages War on Unemployed - Thinks They're Lazy
http://tobuds.com/blogs/blog1.php/2010/03/02/real-reason-why-extended-unemployment-be
Extended Unemployment Benefits in 2010 - Fully Explained
http://tobuds.com/blogs/blog3.php/2010/02/16/extended-unemployment-benefits-in-2010
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