economy in turmoil

Michigan job seekers hand in resumes

Paul Sancya / AP

Job seekers hand in resumes at a job fair in Livonia, Mich.

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Recovery? The 10.2 percent without jobs might beg to differ

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

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CIT bankruptcy filing raises credit concerns for small businesses

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

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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. »

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