Jobless Rate Hits 14-Year High

Staff / Truthdig Nov 7, 2008 As if to prevent surplus national exuberance over the electoral defeat of John McCain on Tuesday, the Labor Department announced that the country's unemployment rate has hit a 14-year high of 6.5 percent, with 240,000 jobs lost in October as joblessness continues to increase in the face of economic turmoil. Dig deeper ( 1 Min. Read )

Fixing the Economy Has to Start With Jobs

Marie Cocco / Truthdig Oct 16, 2008 The last thing we need is another "economic stimulus" package. What we need is a jobs package. And we ought to start calling it that. Dig deeper ( 3 Min. Read )

Economy Trumps Race in Ohio

Bill Boyarsky / Truthdig Oct 15, 2008 From the Southern California suburbs to Ohio's Appalachia, places that have not been especially friendly to African-American candidates, Sen. Barack Obama seems to be convincing a substantial number of whites that their votes should be determined by their economic troubles rather than race. Dig deeper ( 5 Min. Read )

McCain Announces Economic Plan

Staff / Truthdig Oct 14, 2008 John McCain has laid out his plan for how he would help Americans recover from the recent shocks to the domestic and international markets. He took the action on Tuesday, a day later than he initially said he would and a day after Democratic presidential rival Barack Obama released his own economic plan -- and McCain's timing was not lost on the Obama campaign. Dig deeper ( 1 Min. Read )

How Can These Fundamentals Be Called Strong?

Staff / Truthdig Oct 3, 2008 A government report released Friday morning leaves little room for any defense of the failed policies of the Bush administration or any belief in the economic wisdom of John McCain, whose erroneous assertion that the "fundamentals of the economy are strong" failed to mention a 6.1 percent unemployment rate, up nearly two percentage points since 2007. Dig deeper ( 1 Min. Read )

Tent Cities Springing Up

Staff / Truthdig Sep 19, 2008 One sign of the nation's shaky economy can be seen in the growing numbers of newly homeless people forming "tent cities" around the U.S. The rise of these encampments is being attributed partly to the foreclosure crisis in the housing market, and the newest economic developments aren't likely to ease the situation. Dig deeper ( 1 Min. Read )

Bush Oversees Unemployment and Misery

Staff / Truthdig Sep 5, 2008 George W. Bush and his father share more than a last name. Reports show that August's unemployment rate increased past the level initially forecast, rising to 6.1 percent. But even more disturbing is the fact that the misery index -- unemployment aggregated with inflation -- also soared to its highest level since 1991, when George H.W. Bush was in office. Dig deeper ( 1 Min. Read )

Unemployment at a Four-Year High

Staff / Truthdig Aug 1, 2008 A government report released Friday signals worsening economic tides as the U.S. tries to navigate through its highest level of unemployment in four years. The seven-month-long trend of net job losses is likely to persist, with few signs of a turnaround on the horizon. Dig deeper ( 1 Min. Read )

Jesse Jackson Backpedals on Obama Comment

Staff / Truthdig Jul 10, 2008 The Rev. Jesse Jackson quickly switched to damage-control mode Wednesday after Fox News picked up a "crude" and "private" comment that Jackson made about Barack Obama when he thought wasn't being recorded. Multiple updates. Dig deeper ( 1 Min. Read )

Firing Congress

Marie Cocco / Truthdig Jun 10, 2008 In 225 days, at least one high-ranking politician will become unemployed. How many will join President Bush in retirement? Dig deeper ( 3 Min. Read )

Unemployment Takes Its Biggest Jump Since 1986

Staff / Truthdig Jun 6, 2008 In what one economist has called the "strongest evidence yet" that the U.S. is in recession, the country's jobless rate has grown 0.5% since April, the largest monthly jump in more than 20 years. The unemployment rate has been steadily rising this year, with 324,000 jobs lost since January. Dig deeper ( 1 Min. Read )

The Next Great Depression?

Staff / Truthdig Apr 1, 2008 It's looking that way for a growing number of Americans. Record home foreclosures, escalating unemployment and price hikes are hitting them in the gut, creating a record number -- 28 million -- who are in need of food stamps to feed themselves and their families. Dig deeper ( 1 Min. Read )