Dropouts Help Hold Down U S Unemployment Rate
Washington AP reports nearly 2 million Americans left the labor force since May impacting the 10 percent unemployment rate. December jobless totals show 691000 average monthly losses in early 2009 and 15.3 million payroll decline since December 2007.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
U.S
Sharp fall in U S consumer borrowing in November
Americans reduced total credit and credit card borrowing by 17.5 billion in November, the largest dollar drop on records since 1943. Cards fell 13.7 billion, an 18.5 percent drop, as banks tightened lending and job losses influenced spending and savings.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Bor
U.S
Fed
Geithner to face grilling over AIG bailout secrecy
Lawmakers demand explanations after revelations of 2008 09 emails between New York Fed lawyers and AIG outlining efforts to withhold details of bailout deals. The messages show AIG funds flowing to Goldman Sachs Societe Generale and other banks, raising anger over transparency.
MENTIONED IN THIS ARTICLE
Washington (Ap
Treasury
Timothy Geithner
Federal Reserve Bank of New York
New York Fed
Ameri
Can International Group
New York
Fed
AIG
Goldman Sachs Group Inc
Societe Generale
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