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Archive for 'Unemployment'

Toledo Blade: Jeep shutdown rippling to suppliers

Toledo Blade has this story: Idling of workers at Toledo Jeep to ripple to thousands of others.
A snippet:
“It’s not going to be pretty,” said Joseph Phillippi, an industry analyst with AutoTrends Consulting in Short Hills, N.J. Production cuts at Chrysler, General Motors Corp., and Ford Motor Co. will have a “nasty effect” on the […]

Free Press: Bush signs unemployment benefits extension

The Detroit Free Press reports today Bush signs extension of unemployment benefits.
Pay attention to this snippet:
Under the legislation, as many as 226,000 Michigan workers could get benefits under the deal and the state could begin providing the extension cash to beneficiaries by the end of July, depending on how long the process of receiving and […]

MEN: Monroe County unemployment highest in six years

The Monroe Evening News has this story on page 1A of the print and e-editions today: Unemployment reaches its highest rate in Monroe County in six years.
A snippet:
Monroe County’s unemployment rate soared to 8.8 percent in May - its highest level in six years - as job hunters flooded a labor pool already filled with […]

Toledo Blade: 2,200 on layoff at Jeep plant

The Toledo Blade reports today: Over 2,200 employees to be laid off at Toledo Jeep.
A snippet:
More than 2,200 workers at the Toledo Jeep Assembly complex will be laid off for nearly two months because of dismal sales of the Jeep Liberty and Dodge Nitro, United Auto Workers officials said yesterday.
The seven-week layoff will immediately follow […]

Michigan Public Radio: Auto suppliers struggling

I heard this news clip twice already on Michigan Public Radio - once during the afternoon rush yesterday, and again this morning.
Analyst expects more auto supplier bankruptcies.
A snippet:
The outlook for carmakers is bad and not getting better anytime soon. Most analysts expect this will be the worst year for sales in at least a decade.
The […]

CBS: Michigan family delivers papers to get by

I just watched a report on CBS Evening News about a Grosse Pointe Woods, Mich., family that is getting by with the help of food stamps, a part-time business, and a newspaper route in the aftermath of auto industry layoffs.
For those of you who check in from other communities and need a geographic reference, this […]

Michelle Singletary: Staying out of red with a pink slip

Michelle Singletary at The Washington Post had this column on June 12: Staying out of the red despite the pink slip.
A snippet:
Many folks facing a job loss don’t move fast enough to cut expenses. People waste money on high cellphone bills or allow their teens to continue texting. Only after the paychecks stop do they […]

Washington Post: New crisis threatens healthy banks

This story from today’s Washington Post is showing up on other news sites: New crisis threatens healthy banks - Late loan payments hurt smaller lenders that dodged subprime mess.
A snippet:
Late payments on home-equity loans are at a record high, according to fresh data from the Federal Deposit Insurance Corp. The delinquency rates on loans for […]

Toledo Blade: Harder to find temporary agency jobs

The Toledo Blade has this report today: Toledo-area staffing firms struggling to find positions for clients.
A snippet:
Local agencies blame the area’s poor economy. Complicating the situation, they say: Job-seekers often have limited educations.
“When you hit a recession, the first people laid off are staffing people,” said Bruce Rumpf, owner of Job 1 USA, a Toledo […]

Toledo Blade: “My job is looking for a job”

Toledo Blade has this story today: Michigan reaching out to link jobs with jobless.
A snippet:
“This has become my new job: Looking for a new job,” said Terry Vass, a 53-year-old former administrative assistant