In UK economic recovery may miss unemployed

Gráinne Gilmore Times [UK] 5/17/2010

Fears that economic recovery will fail to stem a tide of rising unemployment are likely to be stoked today by revelations that businesses are reluctant or unable to recruit new staff.

The Institute of Chartered Accountants for England and Wales says in a report that although businesses’ confidence stabilised in […]

Summers: High unemployment for years


The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council […]

Ready for the mother of all bailouts?

The Other McCain

The FHA Delinquency Rate Now Above 14%

The FHA is on the hook for lots of “underwater” loans, taken out by low-income homeowners who got special low down-payment deals and — in case you didn’t notice — unemployment hit a 26-year high in August, with no prospect the 9.7% jobless rate […]