Weekly Jobless Claims Below 500,000
The number of laid-off workers filing unemployment claims dropped more than was expected last week. The number is now at the lowest it’s been in over a year. There is concern that the improvement is temporary, due to the weak economy continuing to push joblessness rates higher. The Department of Labor says that the number [...]
Massachusetts Governor Credits Stimulus with 23,000 Jobs
Governor Deval Patrick of Massachusetts said on Wednesday that the federal stimulus package is directly responsible for creating or saving at least twenty-three thousand jobs in Massachusetts since February. State agencies received $4 billion from the national package of $787 billion, and have spent almost half of that. The expenses included about $1.3 billion for [...]
White House Reports 650,000 Stimulus Jobs
The White House has said that new reports for the number of jobs directly saved or created by the stimulus package have reached about 650,000. Members of a government oversight board released the numbers on Friday. Jared Bernstein, White House economic advisor, said that the figures have been reported to officials. When the jobs created [...]
Maryland Stimulus Jobs at 4,464
State officials from Maryland have reported 4,464 jobs that were directly created or saved by the federal stimulus package. Governor Martin O’Malley’s senior advisor, Michael Enright, says that the state expects further benefits from the plan to begin appearing in greater number in the next reporting period. Maryland also attributes over eight thousand “induced” jobs, [...]
Financial Tech. Company Creates 419 Jobs
The financial technology company Fiserv Inc. is planning to open a new location in North Carolina, where it will add almost four hundred twenty jobs. State officials said on Tuesday that the Wisconsin-based company plans to invest almost five million dollars during the next three years. Employees at the facility will be providing customer support [...]
Gamestop to Hire 15,000 Seasonal Workers
GameStop Inc. is planning to hire roughly fifteen thousand seasonal, part-time workers to help with the holiday rush, the video game retailer said on Tuesday. The company expects more applicants for the minimum-wage jobs than in previous years due to the economic crisis that has left millions unemployed. GameStop typically hires temporary employees in the [...]
Michigan Joblessness Rate Climbs to 15.3 Percent
Michigan’s unemployment rate is the highest in the nation, and has crept up to a staggering 15.3 percent, state officials said Wednesday. Last year, the state’s unemployment rate was just under nine percent. The national average is currently just under ten. Rick Waclawek, the director of the state Bureau of Labor Market Information and Strategic [...]
Teachers Benefit From Stimulus Spending
Among the demographics that have benefited from the recent effort save jobs via a $787 billion recovery package, teachers seem to have benefited the most. Billions of dollars were sent to states that were on the brink of ordering heavy layoffs in education, but the jobs of estimated tens of thousands of teachers nationwide have [...]
Federal Contractors Report 30,000 Jobs
Posted by John Fiore on October 18, 2009 · 1 Comment
Businesses that received federal grants under the terms of the economic stimulus package have reported more than thirty thousand jobs saved or created over the first few months of the program. The numbers were released on Thursday by a government watchdog group. They comprised the first data regarding the effect of the stimulus. The numbers [...]
Filed under Commentary · Tagged with job creation, job loss, stimulus package, stimulus spending