Elaine Armstrong, 63
At age 62, I was laid off from my job when the small landscaping company where I worked as a bookkeeper was acquired by a Canadian conglomerate. I had $10,000 in credit card debt at the time and aside from unemployment benefits, I had no other source of income..... her story and more ....
Thursday, August 19, 2010
Kudos to the U.S. Department of Labor for keeping a keen eye on the situation
Our government with a close eye on the situation again - that word keeps showing up ... "unexpectedly". Kudos to the folks in our Labor Department. The "big deals" in some business sectors are becoming less effective in helping the economy as the unemployment rate climbs.
Stocks drop as jobless claims rise unexpectedly
Stephen Bernard, AP Business Writer, On Thursday August 19, 2010, 10:36 am
NEW YORK (AP) -- Stocks tumbled Thursday after two disappointing economic reports renewed investors' concerns about the pace of a recovery.
The Dow Jones industrial average fell 127 points in morning trading. Broader indexes also fell more than 1 percent.
The Labor Department said claims for unemployment benefits rose unexpectedly last week and the Federal Reserve of Philadelphia said manufacturing activity in the mid-Atlantic region has dropped during August.
more below ....
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