unemployment benefits

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Jobless Claims Hit 2-Year High
 Jobless Claims Hit 2-Year High 

Jobless Claims Hit 2-Year High

End-of-March increase way over expectations

(Newser) - New unemployment claims increased to a two-year high last week, the Wall Street Journal reports. A total of 407,000 Americans filed for jobless benefits, an increase of 38,000 over the previous week and the most since 2005. The surge in claims far surpassed the outlook of economists in...

'Dilbert' Mocks Comic Strip Firing
'Dilbert' Mocks Comic Strip Firing

'Dilbert' Mocks Comic Strip Firing

Posted cartoon called bosses 'drunken lemurs'

(Newser) - What came first: the comic strip mocking the office, or the office emulating the comic? Both, in the case of one Iowa casino that fired a man for posting a "Dilbert" cartoon comparing management to "drunken lemurs," the Des Moines Register reports. This week, cartoonist Scott Adams...

Senate Stimulus 'Too Complex' for Treasury

Paulson prefers House's 'simple' $146 billion plan

(Newser) - The $157 billion stimulus bill passed by the Senate Finance Committee is "too complex," Treasury Secretary Henry Paulson said today. "Complexity is our enemy," Paulson said of the bill, which is "in danger of looking like a Christmas tree" once it goes to the full...

Gains Dashed on Jobs Angst
Gains Dashed on Jobs Angst
MARKETS

Gains Dashed on Jobs Angst

Weak December auto sales didn't help the market's fortunes

(Newser) - The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and...

Worker Axed Over Dilbert Zinger
Worker Axed Over Dilbert Zinger

Worker Axed Over Dilbert Zinger

'Drunken lemurs' not laughing, but worker wins benefits

(Newser) - Bosses at the Catfish Bend Casino in Iowa suffered a sense of humor failure after a Dilbert cartoon referring to decision-makers as "drunken lemurs" appeared on a workplace bulletin board. They checked the security cameras to find the culprit and fired the employee who posted the strip, reports the...

Dow Flat, Awaiting Jobs Stats
Dow Flat, Awaiting Jobs Stats

Dow Flat, Awaiting Jobs Stats

Next Fed move may follow from Friday’s report

(Newser) - The stock market held steady today, as neither a drop in factory orders nor a rise in unemployment claims rattled investors bracing for tomorrow’s crucial jobs report—which could help spur the Fed’s next interest rate move. The Dow was up 6.26 points to 13,974.31,...

Stocks Climb on Rate-Cut Hype
Stocks Climb on Rate-Cut Hype

Stocks Climb on Rate-Cut Hype

S&P surging on last, next Fed slashes

(Newser) - The stock market rose for a second day as a weak new-home-sales report added energy to speculation that the Fed will slash rates again next month; Bloomberg puts the odds of a quarter-point cut at 88%. The S&P added 5.96 to reach 1,531.38, climbing within 1....

Surfers Riding Welfare Wave
Surfers Riding Welfare Wave

Surfers Riding Welfare Wave

Aussie pols crack down on the unemployed

(Newser) - Getting surfers off the beach and into the job market is a top priority for Australia's  conservative government. The country is enjoying its lowest unemployment rate in years, just above 4%, but it seems a disproportionate number of those receiving welfare benefits live in sunny coastal areas with more opportunities...

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