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Alaska GOP candidate maintains jobless benefits are unconstitutional

Joe Miller isn’t moving to the middle following his nomination as Alaska Republican candidate for Senate. Appearing on Fox News Sunday, the Tea Party favorite stuck to his position that unemployment benefits aren’t constitutional. “Why are unemployment benefits unconstitutional?” Fox News’ Chris Wallace asked Miller. “The Constitution provides enumerated powers,”…

Departing White House economist: More spending, less taxes to fix economy

Romer: New spending can be paid for with cuts in the future Departing White House economist Christina Romer says the government has the tools for bringing down unemployment, but policymakers need to find the will and wisdom to use them. Romer called on officials Wednesday to move forward on policies…

New jobless claims drop for first time in 4 weeks

First-time applications for jobless benefits drop sharply last week but remain elevated New requests for unemployment benefits fell sharply last week, the first decline in a month and a hopeful sign after a raft of negative economic reports. New claims for jobless aid dropped by 31,000 to a seasonally adjusted…

Economic forecaster: ‘Greatest Depression’ coming

Collapse of middle class means there’s no fuel for recovery, Gerald Celente argues The US economic recovery in recent quarters is little more than a “cover-up” and the world is headed for a “Greatest Depression,” complete with social unrest and class warfare, says a renowned economic forecaster. Gerald Celente, head…

New claims for unemployment aid reach 484K

New applications for jobless benefits rise to highest since February as layoffs continue The employment picture is looking bleaker as applications for jobless benefits rose last week to the highest level in almost six months. It’s a sign that hiring is weak and employers are still cutting their staffs. First-time…

Fearful Americans save more as recovery slows

Americans are saving more and spending less, putting a choker on the economic recovery, data showed Tuesday, as the US government warned sky-high unemployment may yet worsen. The mighty American consumer — whose thirst for new products has for decades been a mainstay of the global economy — has trimmed…

US jobless claims fall unexpectedly

New claims for US unemployment benefits fell unexpectedly last week to 457,000, down 2.4 percent from the previous week, the Labor Department said. Jobless claims fell by 11,000 in the week ending July 24, down substantially from the 464,000 level expected by analysts. The jobless figures were lower, in part,…

US initial jobless benefit claims rise

WASHINGTON (AFP) – New claims for US unemployment benefits rose more than expected last week, after two weeks of sharp declines linked largely to seasonal layoffs, government data showed Thursday. Initial jobless claims surged more than eight percent to a seasonally adjusted 464,000 in the week ending July 17, the…

Additional jobless benefits hinge on House vote

A House vote Thursday is expected to send President Barack Obama a long-sought measure to resume unemployment payments to millions of people whose benefits have lapsed. Obama is set to sign the bill as soon as Congress can ship it to him. The Senate broke through months of stalemate in…

Gulf oil disaster could destroy over 100,000 jobs

The impact of the Gulf of Mexico oil spill was thrown into sharp relief Tuesday, as US data showed rising unemployment in Louisiana and experts warned the disaster could cost up to 100,000 jobs. The US Department of Labor said Louisiana — among the US states worst hit by the…

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