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Tag Archives: recession

Schools' staff to receive furloughs

PONTOTOC — Pontotoc County school officials say they will save $150,000 by furloughing staff for three days beginning in January. The Northeast Mississippi Daily Journal reports that the school board has scheduled unpaid furlough days for Jan. 3, Feb. 21 and May 23 — all in the second semester. Superintendent Ken Roye says not only teachers but secretaries, custodians, assistant ...

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U.S. retail sales plummeted in May

WASHINGTON — Retail sales plunged in May by the largest amount in eight months as Americans slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery. Spending fell 1.2 percent last month, the Commerce Department said today. Auto sales were down 1.7 percent but there was weakness in a ...

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Number of foreclosure notices decreases

ACROSS MISSISSIPPI — The number of Mississippi residents facing the potential loss of their homes is dropping. That’s according to RealtyTrac, which tracks foreclosure notices nationwide. Last month, there were 358 foreclosure-related actions in Mississippi. Those range from an initial notice of default to the actual loss and repossession of a residence by a lender. That’s a drop of 17.5 ...

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U.S. unemployment benefit rolls fall to 4.5M

WASHINGTON — The tally of laid-off workers continuing to claim jobless benefits fell by the largest amount in almost a year, suggesting that more unemployed workers may be finding work. At the same time, new claims for unemployment insurance dipped slightly for the third straight week. The Labor Department says the total unemployment benefit rolls fell by 255,000 to a ...

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More workers quit jobs than are laid off

One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures. The trend suggests the ...

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Construction sheds more jobs in May

WASHINGTON — Employment in the nation’s nonresidential construction industry fell by 4,200 jobs in May after an across-the-board jobs gain the previous month, according to the latest employment report by the U.S. Labor Department. Since May 2009, the nonresidential building construction sector has lost 55,400 jobs, or 7.5 percent, and the employment stands at 684,300. Hardest hit was the nonresidential ...

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Canada continues to add jobs

TORONTO — Canada added 24,700 jobs in May, the fifth straight monthly increase. Statistics Canada said today the unemployment rate remained unchanged at 8.1 percent as more people looked for work. Economists had expected a more modest 15,000 increase, particularly following April’s 108,000 gain. Employment gains in Canada have surpassed economists’ expectations since last July, when the economy began to ...

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Education Department pursuing stimulus funding

JACKSON — As a part of the American Recovery and Reinvestment Act of 2009 (ARRA), the federal government has created Race To The Top (RTTT), a program that will allow eligible states to compete for $4.35 billion in competitive grants to help lead education reform and innovation in classrooms. The Mississippi Department of Education (MDE) has officially submitted its RTTT ...

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U.S. unemployment claims decline

In the week ending May 29, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 453,000, a decrease of 10,000 from the previous week’s revised figure. The four-week moving average was 459,000, an increase of 1,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending ...

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