My colleague Victor Godinez posted that hilarious Obama-Hu video from Saturday Night Live, below. In related news, there's a growing debate about the danger the federal deficit poses to the economy. In one corner, we have a story on the...
Oops. There's a glitch in the latest unemployment benefits extension, passed by Congress on Nov. 6. Here's what The New York Times has to say: About one million laid-off workers will see their unemployment benefits end in January unless Congress...
Dallas Fed chief Richard Fisher is in Austin this evening to give a speech on the state of the economy. I'm going to name it the "grasshopper speech," for its advice on how Americans are changing their ways, and probably...
Official statistics from the Bureau of Labor may show elevated U.S. unemployment rates but a new Intuit Payroll Survey found that 44% of small business owners are planning to hire within the next 12 months. Yet, while 90% said health...
The U.S. payroll jobs decline of 263,000 in September was significantly worse than expected. Analyst estimates compiled by Bloomberg News called for a loss of 175,000 jobs. The jobless rate rose to 9.8 percent from 9.7 percent in August. Also,...
Unemployment in Texas rose in August and the state lost jobs, though joblessness was better than the rest of the country. The Texas Workforce Commission said Friday in a press release that unemployment rose to 8 percent in August from...
Dallas once again ranks among the nation's 20 best-performing metro areas during this recession, according to the Brookings Institution's Metro Monitor report released today. "Our report shows that over the course of this recession Dallas, together with a number of...
The latest U.S. jobs report is somewhat encouraging -- the nation shed 216,000 payroll jobs in August, the smallest monthly loss since August 2008. But the national jobless rate rose to 9.7 percent from 9.4 percent in July. That's the...
Texas has fallen from the top spot to No. 2 on CNBC's annual list of the business-friendliest states. Texas missed the No. 1 rank by just four points. Virginia was No. 1; Colorado was third, Iowa, fourth; and Utah, fifth....
The good, from a Texas perspective, is that the state unemployment rate of 7.5 percent is two percentage points below the national average. That's a huge gap. The bad is that the Texas job market is obviously weak and it's...
State job losses accelerated in June, as Texas employers slashed payrolls by 40,600, according to data released Friday by the Texas Workforce Commission. The Texas unemployment rate rose to 7.5 percent in June, the highest rate in more than 16...
Responding to the ongoing recession and rising unemployment, the University of North Texas and the National Business Services Alliance have joined forces to create a job skills training program for a new career for free. The UNT Career Success Programs...
UPDATE: Fisher said after his speech that he's seeing the first hints of recovery, according to this Bloomberg story. He even repeated a phrase used recently by Fed Chairman Ben Bernanke about seeing the first "green shoots" after amid the...
Raising taxes will hurt the U.S. economy, but keeping Pres. George W. Bush's tax cuts would help, according to Albert W. Niemi Jr., dean of Southern Methodist University's Cox School of Business in Dallas. Raising taxes would be an "economic...
Here's a surprising slant on the jobs picture, by way of a news release from outplacement firm Challenger, Gray & Christmas: "As reported in The New York Times last Friday, men are bearing the brunt of this recession, due to...
Last week's jobs report from the U.S. Labor Department -- that employers cut 598,000 jobs in January, the most since 1974, catapulting the nation's unemployment rate to 7.6 percent -- created a flurry of responses. Ken Simonson, chief economist for...
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