A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that's not the worst of it, new data Thursday showed. ...more

March 5, 2009

Feb. Could Be Worst Month Yet For Jobless Claims WASHINGTON (AP) - February is shaping up to be another brutal month of job losses: The number of laid-off workers receiving unemployment benefits hit an all-time high of nearly 5 million, and new jobless claims are at levels not seen since the early 1980s. ...more

February 22, 2009

In his first month in office, President Barack Obama persuaded Congress to give out economic stimulus sweets totaling $787 billion. ...more

February 21, 2009

Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products. ...more

February 20, 2009

The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year. ...more

February 20, 2009

The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year. ...more

February 19, 2009

WASHINGTON - Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight. ...more

February 6, 2009

Jobless Claims Hit 26-Year High The Labor Department reported Thursday that the number of newly jobless workers seeking benefits rose last week to a seasonally adjusted 626,000, from the previous week's upwardly revised figure of 591,000. The latest total is far more than analysts' expectations of 583,000. ...more

February 6, 2009

Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications. ...more

February 1, 2009

Americans Receiving Jobless Benefits Hits Record WASHINGTON (AP) - The number of people receiving unemployment benefits has reached the highest level on records that go back more than 40 years, the government said Thursday, and more layoffs are spreading throughout the economy. ...more

February 1, 2009