The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 7, 2008

Stocks Plummet After Retail, Unemployment Data NEW YORK (AP) - Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. ...more

September 7, 2008

The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. ...more

September 6, 2008

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 6, 2008

Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers. ...more

September 5, 2008

Many of the nation's retailers struggled with a sluggish back-to-school season, though Wal-Mart posted higher August sales Thursday as shoppers focused on buying essentials amid worries about high gas and food prices. ...more

September 5, 2008

Issues Still Remain Labor Day is a day to honor the working men and women of America. Nowadays, the poverty levels in urban areas are scandalous. Many wage-earners cannot find work, and even if they do, incomes are too low to support their families. Inflationary realities across the board have become incredible: gas and energy costs, housing, insurance, taxes, medical and dental care, food, etc. The deterioration of their circumstances has resulted in foreclosures, bankruptcies, more homeless people, ad infinitum. ...more

September 1, 2008

This Labor Day finds workers in worse shape than they've been in years, according to a scorecard released today by Rutgers University. ...more

September 1, 2008

A private sector measure of the economy's health showed the largest drop in a year, and even though new jobless claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence that the languishing American economy remains stuck in low gear. ...more

August 22, 2008

They survived war, but for some veterans of the wars in Iraq and Afghanistan, returning to work back home hasn't been easy. ...more

August 21, 2008