The job market continued its long, steep decline in August, with the jobless rate soaring to 9.7 percent and employers continuing to shed jobs, albeit at a slower rate than expected.
Analysts generally believe that economic output began rising by late summer. But new Labor Department data released Friday morning shows that that improvement isn’t yet flowing through to the job market, as employers remain highly reluctant to add staff.
The rise in the unemployment rate rose to 9.7 percent in August, from 9.4 percent in July, resumed a steep upward path that has been only rarely interrupted since the recession began in December 2007. Employers shed 216,000 net jobs, significantly better than the revised 276,000 jobs lost in July and less than the 230,000 decline that forecasters expected. (more…)
WASHINGTON (Reuters) – Judge Sonia Sotomayor was sworn in on Saturday as the first Hispanic associate justice on the U.S. Supreme Court.
WASHINGTON (Reuters) – The Federal Reserve said on Wednesday the U.S. economy was showing signs of leveling out two years after the onset of the deepest financial crisis in decades and it moved to phase out one emergency measure.
High schoolers in Chesapeake are referred to guidance counselors. Middle schoolers get the lesson in health class: how to spot gangs, what gangs do, and how to stay away. Now Chesapeake wants to extend these lessons to elementary school students, and eventually even kindergartners. Starting this fall, students in grades three to five will have gang prevention and awareness classes.
Modern Healthcare named Crystal Haynes, chief executive officer of Saint Louis University Hospital, Sister Carol Keehan, president and CEO of the Catholic Health Association, and Angela Braly, president and CEO of WellPoint, to the magazine’s national list of the “Top 25 Women in Healthcare” for 2009.