Unemployment

More than one in three jobless Americans were out of work for at least a year in a handful of U.S. states that appear to be disproportionately caught up in the nation’s long-term unemployment problem.

Lasting spells of unemployment have been problematic in the wake of the most recent downturn and in seven states the situation was particularly dire. In New Jersey, Georgia, Michigan, South Carolina, North Carolina, Illinois and Florida more than a third of unemployed residents had been out of work for at least a year in 2010, according to Labor Department data that is expected to be released later this month.

Greece Debt And USA

Debt Woes: Could America Go the Way of Greece?

As Europe confronts another act in its Greek drama, many are watching and wondering, Is the U.S. next? Could our debt-ceiling debate be the beginning of a crisis that makes the world lose faith in American credit? Anything could happen, but it's worth noting the big differences between Greece and the U.S.
Greece faces three problems. First, it has an uncompetitive economy that cannot generate growth. Its labor is too expensive, it exports few products, and its people are not rich enough to power an expansion. This is not a recent problem. Greece has never been an economic dynamo.

Teeen Employment

Sad summer ahead for teen employment

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"It's about as bad as it gets," says Joseph McLaughlin, senior research associate at the Center for Labor Market Studies at Northeastern University in Boston. "Last summer, we reached a postwar employment low for 16- to 19-year-olds."

Weak Economic Growth

Economic growth still weak

By Chris Isidore @CNNMoney May 26, 2011: 9:07 AM ET

 source cnn

 U.S. economic growth remained disappointingly weak the first three months of the year, the government reported Thursday.

Debt Ceiling D-Day: U.S. to Hit $14.3 Trillion

The United States will hit its $14.3 trillion congressionally-mandated borrowing limit May 16, 2011, and the federal government will be running on fumes. (Dan Arnall/ABC News; SOURCE: Financial Management Service, Treasury; ABC News estimates)

Stocks: Investors playing defense

NEW YORK (CNNMoney) -- Investors have hunkered down in defensive mode and that trend will continue in the week ahead, which includes a smattering of economic data and the minutes from the most recent Fed meeting

.http://money.cnn.com/2011/05/15/markets/stocks_lookahead/index.htm


Source:cnn