November 06, 2009

AP Analysis: 10% unemployment is Obama’s new world

A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work

President Obama signs homebuyer, jobless bill assistance

The $24 billion economic stimulus bill gives tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

Economy in Crisis: Unemployment rate tops 10% for first time since 1983

The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches

November 05, 2009

Federal official says economic stimulus is helping Virginia‘s small businesses

The SBA has provided more than 2,000 loans worth nearly $280 million to the state's small entrepreneurs

Economy in recovery: October sales offer relief to merchants

October's retail sales results, the best performance since April 2008, show that Americans are spending a little more

Economy in Crisis: Jump in productivity puts job creation in doubt

Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon

November 04, 2009

Senate acts to extend unemployment aid, homebuyer tax credit

The Senate has voted to give the jobless up to 20 weeks of additional unemployment benefits and significantly expand a tax credit program aimed at getting buyers back into the dormant housing market

Economy in Recovery: ISM’s service sector index grows again in October

The U.S. service sector grew for a second straight month in October, but at a slower pace than in September, as a broad economic recovery creeps along

Federal Reserve again pledges to hold interest rates at record-lows

The Fed said economic activity has "continued to pick up" and that the housing market also has grown stronger, a key ingredient to a sustained recovery

November 02, 2009

Study estimates nearly half of children in U.S. will get food stamps

The estimate comes from an analysis of 30 years of national data, and it bolsters other recent evidence on the pervasiveness of youngsters at economic risk

Obama says hiring last to come as economy rebounds

"We just are not where we need to be yet," Obama said as he met with a panel of economic advisers. "We've got a long way to go."

3 strong economic reports lift recovery hopes

Still, with jobs scarce, lending tight and consumers wary of spending, it's unclear whether the gains can be sustained as government stimulus programs wind down

Southside manufacturers see increase in business

Local manufacturers say they’re seeing marginal to substantial growth in business, yet still remain cautious about the economy.

October 30, 2009

Government says stimulus saved or created 650,000 jobs

The White House said it is on track to reach the president’s goal of 3.5 million jobs by the end of next year

October 29, 2009

Economy grows in 3Q, signals end of recession

The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years

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