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California is No Longer The Golden State

California is No Longer The Golden State

Looks like California is going to have to change its nickname from The Golden State to the Moldin' State if the unemployment situation there doesn't improve soon. Three areas in California registered the highest unemployment rates of anywhere in the nation in January. Those areas are: El Centro, 27.3 percent; ...

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Vets Out of Work: Numbers are Up But Prospects are Good

Vets Out of Work: Numbers are Up But Prospects are Good

"Thanks for serving -- sorry we don't have anything for you." That's the message more and more recently returned veterans are receiving from employers these days when they apply for jobs. The unemployment rate for veterans ages 18-24 last month was 21.1 percent, according to the Bureau of Labor Statistics -- ...

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President Obama Signs $18 Billion Jobs Bill

President Obama Signs $18 Billion Jobs Bill

President Obama signed the Hiring Incentives to Restore Employment Act (HIRE) Thursday, providing $18 billion in tax credits to businesses. The legislation aims to encourage hiring and reduce the country's persistently high unemployment rate, which currently stands at 9.7%. The act exempts companies from the ...

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Are You Lucky Enough to be Living Where Employment is Rising?

Are You Lucky Enough to be Living Where Employment is Rising?

Believe it or not, in January, nonfarm payroll employment actually increased in 31 states and the District of Columbia. The five states with the biggest employment increase are: California(+32,500) Illinois (+26,000) New York (+25,500) Washington (+18,900) Minnesota (+15,600). ...

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Unemployment: Who's Been Hit the Hardest?

Unemployment: Who's Been Hit the Hardest?

While the most recent numbers released by the Bureau of Labor Statistics showed that very little has changed since January and unemployment rates held at 9.7%, they also reveal some fascinating facts on which gender, race, age and education levels are taking the hardest hits in this economy. ...

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The Unemployment Rate Explained

The Unemployment Rate Explained

The national unemployment rate currently sits at 9.7 percent, down from 10 percent the previous month, but almost double what it was five years ago. This means that 14.8 million of the approximately 150 million people who make up the national workforce do not presently have jobs. Sounds simple and ...

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Good Job News: Unemployment Claims Down, Sales and Productivity Up

Good Job News: Unemployment Claims Down, Sales and Productivity Up

Last week the number of people filing for unemployment benefits was actually lower than it was the week before, which is a sign that layoffs could be slowing. In the week ending Feb. 27, initial claims numbered 469,000, a decrease of 29,000 from the previous week's 498,000, according to numbers released by the ...

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Unemployment Numbers Still Rising--How's Your State Doing?

Unemployment Numbers Still Rising--How's Your State Doing?

The only good news in the most recent unemployment numbers comes if you believe the saying, "What goes up must come down." Filings for unemployment benefits continue to rise. Last week there were 496,000 seasonally adjusted initial unemployment claims -- that's an increase of 22,000 above the previous week's ...

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Full Job Recovery is at Least Five Years Off

Full Job Recovery is at Least Five Years Off

Ah, the good old days -- early 2009, when the White House predicted the jobless rate would not rise above 8 percent. By the end of the year, unemployment was creeping up past 10 percent. In January it went back down to 9.7 percent; but this time, White House officials are not so optimistic, and are predicting ...

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