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  2008 U.S. Recession
Last updated: 17:29:36 Saturday Feb 6, 2010


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2008 U.S. Recession 1261
2008 U.S. Recession


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    Events
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  • The Great Recession: Will Construction Workers Survive?
    The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. Nationally, unemployment fell to 9.7% in January, but in construction it jumped to 24.7% from 18.7% in October. In many regions, union officials report 30% of their members are unemployed or "riding the bench."   Nations:U.S.   Activities:2008 U.S. Recession   Source:(Time)   2010-02-06

    January unemployment rate drops to 9.7 percent
    WASHINGTON - The outlook for jobs remains bleak despite January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent in December.   People:Harry Reid Barack Obama   Activities:2008 U.S. Layoff Crisis   Source:(AP)   2010-02-05

    Obama seeks to create jobs, cut deficit in 2011 budget
    WASHINGTON (AFP) - US President Barack Obama will on Monday project a record deficit of 1.556 trillion dollars this year, in a 2011 budget designed to both create jobs and curb bloated long-range fiscal shortfalls.   Nations:Pakistan Afghanistan   People:Barack Obama George W. Bush   Activities:2008 U.S. Layoff Crisis Obama Admin.   Source:(AFP)   2010-02-01

    Obama's $3.8 trillion budget heading to Congress
    WASHINGTON - President Barack Obama's proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to $1.3 trillion, a congressional official said Sunday.   People:Barack Obama Mitch McConnell   Activities:111th Congress Obama Admin. 2008 U.S. Recession   2010-01-31

    Formula shows why it's so hard to cut jobless rate
    WASHINGTON - The economy's 5.7 percent growth last quarter - the fastest pace since 2003 - was a step toward shrinking the nation's 10 percent unemployment rate.   People:Barack Obama   Activities:2008 U.S. Layoff Crisis   Source:(AP)   2010-01-31

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