All Entries in the "Economy" Category
Chicago College Official Gets $500,000 Windfall For Unused Sick Days
The Great Recession and subsequent fragile recovery have shifted many Americans’ view of taking time off from work. Fearing that they won’t have jobs upon their return, plenty of workers leave paid vacation and sick days on the table — and lose them…
Fed: Slightly Lower Growth, Unemployment In 2012
By Martin Crutsinger
WASHINGTON (AP) — The Federal Reserve has slightly reduced its outlook for U.S. economic growth this year but is a little more optimistic about the unemployment rate.
The Fed expects the economy to grow between 2.2 percent …
The Recovering 2012 Job Market [Infographic]
After years of cutbacks and layoffs, the nation’s labor market finally appears to be on the mend. Latest monthly data from the Labor Department shows the unemployment rate inched down to 8.5 percent in December, though millions of Americans remain ou…
Fewer Layoffs, Lower Inflation Give Economy A Lift
By Christopher S. Rugaber
WASHINGTON — The economy is off to a fast start in 2012. The outlook for hiring is improving now that unemployment benefit applications are near a four-year low. Inflation is tame, business travel is rising and the depres…
Kraft Foods To Cut Up To 1,600 Jobs In U.S. And Canada
NORTHFIELD, Ill. — Kraft Foods Inc. plans to cut 1,600 positions in North America as it prepares to split its business in two.
The Northfield, Ill.-based food company said Tuesday that it plans to eliminate the positions throughout the U.S. and Ca…
New York City Schoolteacher Faked Jury Duty To Skip Class
People will use all kinds of excuses to get out of jury duty. But it’s rare the employee who uses the pretense of having to sit on a jury just to get a little time off from work.
But that’s exactly what Mona Lisa Tello is accused of doing, official…
The American Economy Has Recovered, At Least In Some Sectors
Commentators have poured a lot of ink over the last few years picking apart who is suffering, and who isn’t. It was men, then it was women. It was everyone, then it was the 99 percent (or rather, the 80 percent). It is young Americans, black American…
U.S. Unemployment Rate Falls As Economy Adds 200,000 Jobs
WASHINGTON — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.
The Labor Department said Friday that employers added a net 200,000 jobs last month …
AP Survey: Economy To Pick Up But Still Vulnerable
By Paul Wiseman & Derek Kravitz
WASHINGTON (AP) — The U.S. economy will grow faster in 2012 – if it isn’t knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists.
Unemployment will barely fall…
Unemployment Claims At Lowest In 3 1/2 Years
By Christopher S. Rugaber
WASHINGTON (AP) — The job market is healthier than at any time since the end of the Great Recession.
The number of people filing for unemployment benefits fell last week to the lowest since May 2008, a sign that the wa…
