Word: joblessness
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Dates: during 2000-2009
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...What may end up being novel about the California jobless rate is how quickly it might be reversed by the capital, which will be injected into the economy by the new federal stimulus package. This state may end up being a sign of things to come. The foreclosure rate in California is one of the highest in the nation. More than 236,000 homes or 2.8% of California's housing stock foreclosed in 2008, helping to drive down home prices by 42% from December 2007 to last month, according to Bloomberg. In addition, the state government is projected...
Obama's second strategy will be giving money to people - through tax cuts as well as food stamps, jobless benefits and health care for the unemployed. Direct transfers are the fastest way to ship money out of the Treasury, but they don't provide stimulus if they don't get spent. That's what happened last year to a $168 billion stimulus package that relied on income tax rebates - remember when $168 billion was a big deal? - but foundered when many recipients hoarded the cash or paid down credit-card debt. It turns out that smart personal-finance decisions make...
...several activists warned that the ranks of middle-class Iowans were shrinking while the number of poor was rising. Iowa?s seasonally adjusted unemployment rate in November was 4.3%, compared with 3.8% a year earlier, according to the latest report from Iowa Workforce Development. (By comparison, the U.S. jobless rate was 6.7% in November.) Close to 800 families sought help from a Des Moines emergency food pantry in October, up from 600 to 650 families the same month a year earlier. Sales of Iowa's existing homes for the third quarter fell 16%, more than double the national decline, according...
Since that speech, Putin has begun talking a little more openly about the issue. In his Dec. 4 television appearance, the first question to him came from Dmitry Salnikov from the village of Tirlyansky, near the Urals region of central Russia. "We are a young and currently jobless family," said Salnikov. "Most locals are also unemployed because they used to work for the metallurgical sector. What are we supposed to do in this situation?" Putin's vague answer: "Private and public authorities will have to draft an entire range of measures in an effort to preserve jobs...
...Factory closures in the manufacturing regions of southern China are now a daily event, and local governments have stepped in to pay the wages of some workers left jobless after bosses have fled. Courts in the Guangdong province toy hub of Dongguan are reportedly working without days off to handle the crush of bankruptcies and unpaid wage cases. Demonstrations by terminated workers have spread fears of economic related social unrest, a key concern for the central government...