Tag: unemployment

A new Web site aptly named Can My Boss Do That.com went public Friday coinciding with news that the nation's unemployment rate climbed to a 25-year high.

The Colorado Dept of Labor and Employment is expected to release the latest state jobless figures today and by all indications it won't be good news. Nationally, 65,000 jobs were eliminated on Monday amid gloomy reports from manufacturers and the tech sector. Add your thoughts in the comments below.

The Great Depression permanently changed the government's role in the U.S economy, and it appears increasingly plausible that the current recession will have an equally lasting policy legacy. The bailouts orchestrated by the Bush administration have been an absolute mess, but they present an opportunity to create new consumer protection-oriented economic programs the likes of which we haven't seen since the days of Franklin Delano Roosevelt.

It's not just consumers and corporations struggling through the newly acknowledged recession. The National Conference of State Legislators is raising serious alarm bells about the states' unemployment trust funds being drained dry and quickly.

Congress threw laid-off workers a life line last week when it again extended unemployment benefits but some got a bit more of helping hand than others. A little explained clause in the bill signed by President George W. Bush last week specifies that the length of the extension depends on the state's unemployment rate. For Colorado workers, a slim three-tenths of a percent makes a big difference.

As unemployment numbers rise, women and minorities are disproportionally affected, according to a review of August unemployment numbers by a number of think tanks.