Paul Sancya / AP
Job seekers hand in resumes at a job fair in Livonia, Mich.
Top Story
Recovery? The 10.2 percent without jobs might beg to differ
By Kevin G. Hall | McClatchy Newspapers
As bad as Friday's jobs report was, showing October's unemployment rate jumping sharply to 10.2 percent, the outlook is likely to worsen for American workers well into next year. Economists expect the jobless rate to keep climbing, perhaps above 11 percent, as employers produce more with fewer workers and shy away from hiring. » read more
- |
- |
- |
- Comments
More Coverage
- Graphic | Trend in U.S. unemployment rate
- Graphic | Jobless rates highest in 26 years
Spotlight
CIT bankruptcy filing raises credit concerns for small businesses
By Darrell Smith | The Sacramento Bee
New York-based CIT Group is a leading lender to the retail sector and to women-, minority- and veteran-owned small businesses. The firm, with liabilities listed at $64.9 billion, maintains business will continue as usual despite Sunday's Chapter 11 bankruptcy protection filing. But the timing is worrisome to small-business watchers, who see fewer credit avenues available to small companies. » read more
- |
- |
- |
- Comments
Most Viewed Last 24 Hours
Latest Headlines
10 ways the House bill would change health care
These are some of the changes in the way health insurance would work in the United States if the House bill were to become law. » read more
Many jobs 'saved' by stimulus never in jeopardy in California
Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a Bee review has found. » read more
Foreclosed housing now a duel between cities and investors
After months of preparation, local governments have started buying foreclosed houses under the federal economic-stimulus program. But they are running into an unexpected snag -- stiff competition from investors. » read more
Californians losing jobs find state health safety net badly frayed
SANTA ANA, Calif. — Robin Willer slumps on the metal bench, her sweater drawn up over her swollen cheeks. "The cold hurts it," she says, pointing gingerly to three broken teeth. »
Economy in Turmoil
- · Recovery? The 10.2 percent without jobs might beg to differ
- · Doubt cast on stimulus' impact on California jobs
- · Joblessness passes 10 percent; worst rate in a generation
- · Health care bill's supporters, opponents flock to Capitol
- · Actor Willie Aames makes comeback after bankruptcy, homelessness
- · California Senate clears path for schools to seek stimulus funds
- · CIT bankruptcy filing raises credit concerns for small businesses
- · Airlines consider more extra fees: This one would be for your seat
- · Why did blue-chip Goldman take a walk on subprime's wild side?
- · Anti-development candidate wins big in Miami mayor's race
- · Warren Buffett places big stake in railroads
- · Small banks didn't cause the mess, but no bailout for them
- · How House finance bills would fix big problems
- · Warren Buffett makes big economic bet in railroad deal
ALL EYES ON THE ECONOMY 
Economy Q&A
McClatchy correspondents Kevin G. Hall (left) and Tony Pugh are available to answer your questions about the economic meltdown at home and abroad, and what's in store for ordinary Americans.
» Miami Herald: Financial experts answer your money questions
