US November Jobs Report 2012: Superstorm Sandy, Fiscal Cliff Likely Hurt ...While the broader economy still remains sluggish, Superstorm Sandy, the largest Atlantic storm ever to hit the U.S., is expected to get most of the blame for slowing down the labor market last month.
Why the Fiscal Cliff Will Crush BusinessWhile the gross total comes to $607 billion, the fiscal cliff is expected to inflict an extra $47 billion in deficit spending due to the need for more unemployment insurance and other spending, as well as lower taxable income. While budget cuts sound ...
Senate Dems Call For Extending Unemployment Insurance ProgramsSenate Democrats are joining the White House to call for the extension of federal unemployment insurance benefits as part of a deal to avert the so-called fiscal cliff. As they fight to gain traction, Democrats are seeking to define themselves as the ...
Fiscal Cliff to Hit Unemployed African AmericansThe nation's labor market would lose more than 400,000 jobs in 2013 if President Barack Obama and Congress fail to reach an agreement preventing unemployment-benefit extensions from expiring, reports the Economic Policy Institute, a Washington, ...
'Fiscal cliff' could end unemployment benefits for thousands of Central FloridiansThe "fiscal cliff" is set to end unemployment benefits for thousands of people in Central Florida. The state just sent out letters to nearly 120,000 Floridians saying without a deal, their benefits will run out at the end of the month.
Report: Job market unaffected by "fiscal cliff" stalemateThat has coincided with only modest declines in the unemployment rate. The storm is also likely to depress November's job figures, which the government will report Friday.
Pre-Market Primer: Hopes of Fiscal Cliff Compromise Lift StocksMINYANVILLE ORIGINAL Stock futures were mostly flat today on hopes that House Republicans will find common ground with the White House to resolve the fiscal cliff debate, and the bulge of post-Hurricane Sandy jobless claims decreased. Initial claims ...
We Can Avoid the 'Fiscal Cliff' Without Turning Our Backs on Our Most VulnerableThe impact of the fiscal cliff would be felt immediately. It is estimated that over two million Americans will lose unemployment benefits and the average middle-class family would see an increase of approximately $2,000 in taxes. For Latinos, who face ...
Extended unemployment meets fiscal cliffWhile public interest may have waned, the problem for more than 2 million Americans intensifies as we head toward the fiscal cliff and the possibility of losing extended jobless benefits unless Congress reauthorized federal emergency unemployment benefits.
Fiscal Cliff Negotiators May Need to Aim HigherHe estimates that unemployment is likely to reach 9 percent by next summer if the fiscal cliff isn't dealt with.
Blair: Sort out the fiscal cliffCNN speaks with former British Prime Minister Tony Blair about the fiscal cliff, Britain's economy and what to do about the crisis in Syria.
Indmar president urges solution to 'fiscal cliff'"He expressed concern that if we went over the fiscal cliff that unemployment would rise by 4 percent and that would really be a bad thing for the marine industry in general," Currie told Soundings Trade Only after the meeting.
Construction Employment Declines as Warnings of Fiscal Cliff's Threat ...(Source: AGC) - Construction employment declined in 156 out of 337 metropolitan areas between October 2011 and October 2012, increased in 127 and was stagnant in 54, according to a new analysis of federal employment data released today by the ...
Unemployment Insurance Must Be Included in Fiscal Cliff DealThe Congressional Budget Office, known as the CBO, has released a timely new report on an important element of the "fiscal cliff" that policymakers should not overlook: Federal emergency unemployment insurance, which has been in effect since the summer ...
Inland Unemployed at Risk in 'Fiscal Cliff' TalksWhether Congress can reach a deal during what has been dubbed "fiscal cliff" budget talks by the end of December could affect thousands of Inland Southern California residents searching for work.
Stocks: Job reports in focus this weekThe main event comes Friday, when the Labor Department releases its nonfarm payroll numbers and the nation's unemployment rate. "This week may bring some more progress towards a deal to prevent the U.S. fiscal cliff," said Paul Dales, senior U.S.
'Fiscal Cliff' Worries Add to Jobless Woes... manufacturing sector and is bad news in an economy where nearly 15 million people are struggling with unemployment and under-employment. While Hurricane Sandy contributed to the slowdown, uncertainty over the "fiscal cliff" may be the biggest culprit.
What is the Fiscal Cliff?"The result of this (Fiscal Cliff) has been estimated to be something like increase the unemployment rate back to where it was at the worst part of the recession, above 9 percent," Haynes said, "Public revenues at the state and local level had been ...
Evaluating Fiscal Cliff DetailsIf the fiscal cliff remains unresolved, the U.S. economy can expect a net contraction of GDP in the first half of 2013 and growth averaging around 1% for the whole year.
Stocks open flat as fiscal cliff angst lingersPresident Barack Obama said there could be a quick deal to avert the "fiscal cliff" - tax hikes and spending cuts set to begin next year, possibly driving the U.S.