unemployment

Today the U.S. Bureau of Labor and Statistics released a statement on the employment situation of the nation. 216,000 jobs...

(via Realty Austin Blog)

The Labor Department reports 500,000 people filed first-time unemployment claims last week. That's the largest number of new applicants in nine months.

It suggests nervous employers are laying off more workers. The news sent the stock market tumbling Thursday, and could lower the president's political standing as well.

AP - The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.

With U.S. unemployment near 10 percent, small businesses — which the government says created 64 percent of new jobs in the past 15 years — will need to play a major role in the recovery.

But, as they try to gear up for the holidays, some owners — like The Chocolate Truffle's Carlo Bacci — say banks and credit card companies are stunting their growth.