News
WSJ | Jobless Claims Hold Steady
The number of U.S. workers filing new claims for unemployment benefits was flat last week, a sign that layoffs have slowed from earlier this spring.
USA Today | Report: Hewlett-Packard to slash 25,000 workers
Hewlett-Packard is considering eliminating up to 25,000 jobs — 7% of its workforce — to slash costs and help the venerable tech company cope with declining demand for computers and services, according to several reports.
CNN Money | Postal plants to shrink, 28,000 jobs at stake
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
Econ Comments & Analysis
Forbes | President Obama's Unemployment Rate Is Stuck At 11%
This latest recession started in December, 2007. Since the Great Depression 75 years ago, recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months, not counting this latest spooky downturn.
