Highlights
A collection of news and information related to Unemployment published by Tribune Company sources.
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Ky. automotive plant closing, over 550 losing jobs
Johnson Controls Inc., which makes building and automotive systems, announced it will close its plant in Cadiz that employs 559 workers as part of a restructuring plan. The closure at the plant that makes frames for car seats will be phased out and is...Tags: Johnson Controls Incorporated, Vehicles, Plant Closings, Plant Openings, Layoffs and Downsizing
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McCain, Obama, job-losses: 'Tough times'
The Swampby Mark Silva "These are tough times... tough times,'' Republican John McCain said on the campaign trail in Wisconsin today, relaunching his bid for the White House with Sarah Palin by his side. Democrat Barack Obama, waging his own......Tags: Sarah Palin, The White House, John McCain, Productivity, Elections
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Troubles spread to prime Md. mortgages
The share of Maryland homeowners behind on their prime mortgages shot past 4 percent for the first time this spring, a sign that loan troubles are spreading beyond borrowers with shaky credit.
More than 36,000 prime loans in Maryland were delinquent or...Tags: Loans, Mortgages, Labor Legislation, Banking, Business
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U.S. jobless rate tops 6% for first time in five years
Associated PressThe nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years - and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans...Tags: Job Layoffs, Restaurant and Catering Industry, Business
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Unemployment hits 5-year high
THE LATEST: The nation's unemployment rate zoomed to a five-year high of 6.1 percent August and employers slashed jobs for the eighth month in a row. WHAT IT MEANS: With jobs harder to find, there's growing fears that consumers will pull back on their... -
Pink slips pile up
The nation's unemployment rate soared to its highest level in five years last month. 6.1% Jobless rate for August, up from 5.7% in July. Many companies are expected to feel pressure to reduce their business investments -- either in capital projects or...Tags: Business
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Tag-teaming Pennsylvania
and Scott Kraus Of The Morning Call| The talk was guns and butter Friday for Democratic presidential candidate Barack Obama as he barnstormed blue-collar Pennsylvania. At a precision glass company here, the Illinois senator vowed to reinvigorate the nation's manufacturing sector by, among...Tags: Sarah Palin, Personal Weapon Control, Joe Biden, Republican National Conventions, Government
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Out of work? More trouble is lining up
Chicago Tribune correspondentSeated beside a blue-jeans display at the Gap along North Michigan Avenue on Friday, Armando Torres filled in the last box of his application, then marched up three flights of stairs to join his fellow job seekers. The job fair at this busy downtown...Tags: Employment, Sales, Soldier Field, Chicago Jobs, Manpower Incorporated
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Unemployment rate doesn't count key groups
Actually, the jobless situation is even worse than it looks. By some measures, think more than 10 percent. When the Labor Department measures unemployment, it doesn't include people who have grown discouraged and quit looking for work, nor those who...Tags: Northern Trust Corporation, Business
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Jobless rate up, signals 'R' word
Chicago Tribune reporterThe nation's jobless rate jumped to 6.1 percent in August—its highest level in five years—as U.S. employers accelerated workforce cuts in response to weakening economic conditions. The Labor Department reported Friday that employers chopped...Tags: Employment, Economy, Michael Gregory, Labor Markets, August
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Jobs report sends markets further into bear territory
The Associated PressWall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week...Tags: Wages and Pensions, Stocks, Stock Activities, Business
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Crude Prices Lowest In 5 Months
Associated PressOil prices sank to a five-month low Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring their energy use to save money. The Labor Department said the unemployment rate spiked to 6.1 percent from 5.7 percent...Tags: Natural Resources, Economy, Energy Resources, Foreign Exchange Market, Petroleum Industry
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