JOBS

U.S. Job Market

Unemployment Rate Rises in 28 States in July as Companies Adopt Cautious Stance

The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,

NYU’s Nouriel ‘Dr. Doom’ Roubini: Social Unrest Will Spread

At Issue: U.S./Global Financial Crisis
Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.
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Bank of America Reported Cutting 3,500 Jobs

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.
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BofA cutting 3,500 jobs, more may follow: report

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.
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BofA to cut 3,500 jobs in current quarter: report

Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, citing people familiar with the situation.
President Barack Obama

Five Ideas President Obama May Implement to Spur U.S. Job Growth

The details are sketchy about President Barack Obama's September jobs speech, but one thing is certain: as economic manager, Obama must increase job growth substantially in the next nine months to help the millions of Americans who are unemployed find jobs, to strengthen the economy, and to save his presidency.
U.S. President Obama speaks during a town hall-style event in Decorah

Obama to Unveil Measures to Boost Rural Jobs

President Barack Obama will on Tuesday announce fresh steps to boost rural hiring on the second day of a bus tour through the heartland to explain his economic and job policies to anxious voters.
U.S. President Obama meets Lydia Schaefer in Zumbrota

In Campaign Mode, Obama Talks Jobs in Midwest

President Barack Obama blasted Republicans over taxes on Monday as he launched a bus tour of the U.S. Midwest to tout his job-growth strategy and distance himself from anger toward Washington that could dent his 2012 re-election hopes.
For Discussion: U.S. Job Market

Can the U.S. Congress do Anything to Create Jobs?

Some would have you believe the U.S. Congress can't do much to create jobs: not true. If Congress says "build us an aircraft carrier," a short time later, an aircraft carrier will appear. Likewise for roads, bridges, schools, hospitals, and the electric grid -- all of which in the U.S. need work and would create jobs.
Obama

Obama Approval Rating Dips: Can He Still Champion Needed Reforms?

Critics have chided President Barack Obama for his economic reforms, which they view as too big, or too liberal. The reality is however, that if Obama's reforms don't stand, and the economic/social problems are not addressed, an even more-liberal public official will likely emerge to propose and enact bigger changes.

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