Are We In A New Beginning?

Today both GM and Ford announced that their sales for last month increased over last year’s sales same month. Even though Chrysler, who has a track record of not being in the front of the “big 3 pack”, reported a 30% drop, hopefully this is another sign of recovery in the US economy. Last week [...]

10,000 Apply for 90 Jobs in Louisville

In the past few weeks, approximately 10,000 people applied for 90 jobs at General Electric’s washing machine plant at Appliance Park in Louisville, KY.  If you were one of them, good luck! In Jefferson County, KY, the unemployment rate for August 2009 was 10.6%.  That means that for every 100 people you see on the [...]

Deliquencies on the rise

As may be expected during hard times, deliquencies are in the increase.  NASDAQ.com reports that personal deliquencies are up almost .5% over the last quarter: The nation’s jobless rate is said to be pushing credit card delinquency rates to new heights. In statistics released this week by the American Bankers Association, 3.23 percent of all [...]

How much longer will this go on?

The report on July 2, 2009 released by the US Bureau of Labor Statistics, shows a continued increase in the amount of people unemployed in this country.  Depending on which numbers you look at in this report, the number of unemployed and part time workers recorded for June 2009 hit a staggering 16.5%.  How much [...]

Government stimulus may cause unemployed to lose your food stamps

Is your unemployment up to the limit? The extra few bucks the government gave you recently could cause you to lose your food stamps! Yes, it’s true.  Unemployed people may be losing food stamps they were once eligible for, the Associate Press reports on Yahoo.  They report that Mark Milota said he now receives $1,538 [...]

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