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Jobless rate tops 10 pct. for first time since '83
WASHINGTON (AP) -- The unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing...
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LA Times: California National Bank expected to be seized tonight
Bank regulators are expected later today to take over L.A.-based California National Bank in what would mark the fourth-largest bank failure in the country this year, according to people familiar with the situation.
Higher jobless rates could be new normal
WASHINGTON (AP) -- Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years....
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Las Vegas hopes run of bad luck is behind it
Pummelled by the economic downturn and paralysed by unyielding credit markets, the city’s gaming industry has endured one of its worst periods yet...
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Nevada Jobless Rate Rises to 13.3% in Sept.
LAS VEGAS (AP) -- Roughly 190,700 Nevada residents were looking for work in September as the statewide unemployment rate reached a new record of 13.3 percent, officials said Monday.
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Survey: Most economists see recovery beginning
NEW YORK (AP) -- More than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt persist....
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AP analysis: Signs of recovery in some US areas
WASHINGTON (AP) -- The latest results of the AP's Economic Stress Index showed the pain easing in some of the nation's hardest hit areas, such as Elkhart, Ind., and pockets of the Carolinas. But foreclosure hotbeds in metro Las Vegas and South Florida continued to suffer.
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Greenspan says unemployment will top 10 percent
WASHINGTON (AP) -- Former Federal Reserve Chairman Alan Greenspan predicted on Sunday that the jobless rate will pass 10 percent and stay there for a while, and a second stimulus plan is not needed now....
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Co-Authors of ‘America for Sale’ Warn of Looming Risks for U.S. Economy, Critical Industries
Vice Chairman of Esmark Inc. Briefs Executives at Chicago’s Association for Corporate Growth Forum on Risks Related to Securing Our Domestic Infrastructure Future
U.S. Needs Strong, Stable Dollar to Sustain Economic Growth, Forbes Says
The U.S. needs to adopt a policy for a “strong and stable dollar” to ensure sustained economic growth and attract investment, said Steve Forbes, chief executive officer of Forbes Inc.
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US income gap widens as poor take hit in recession
WASHINGTON (AP) -- The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets....
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Gas dips below $2.50 for first time in 2 months
The average retail price for gasoline dipped below $2.50 a gallon for the first time in two months Monday as swelling oil supplies and slumping demand overshadowed even a fire at a major U.S. refinery....
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Two-thirds of Americans Likely to Decrease Spending on Eating Out and Entertainment in the Next Six Months
Just one-quarter of adults say they are likely to have more money to spend in the next six months
4 in 5 Americans Say Recession Not Over
An overwhelming majority of Americans appear to disagree with Fed Chairman Bernanke’s statement that the recession is ‘likely over’...
Leading economic indicators rise in August
NEW YORK (AP) -- A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference's Board leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth....
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Dodd (D-CT) Pushes New Plan to Oversee Banks
The senior Senate Democrat shepherding legislation to overhaul the nation’s financial system is planning to propose the merger of four bank agencies into one super-regulator, an idea that is significantly different from what President Obama envisions.
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42 states lose jobs in August, up from 29 in July
WASHINGTON (AP) -- Forty-two states lost jobs last month, up from 29 in July, with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio...
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Household Wealth Rose by $2 Trillion Last Quarter as U.S. Recession Eased
Household wealth in the U.S. increased by $2 trillion in the second quarter, bringing an end to the biggest slump on record...
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