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Jobless Rate At 16-Year High Of 7.2 Percent
The nation's unemployment rate shot up to 7.2 percent last month. It's the highest level in nearly 16 years. Governments and businesses cut more than half a million jobs in December. For all of 2008, the economy lost 2.6 million jobs.
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Shrinking GDP, Citibank Plan Analyzed
The government said Friday the economy shrank at an annual rate of 6.2 percent. Meanwhile, the Treasury Department announced it is converting some preferred shares it owns in Citigroup to common stock, a move that helps stabilize the bank, but increases risks for taxpayers.
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4:22
After a rare flash flood emergency, Florida prepares for more heavy rainfall
The downpours and flooding blocked roads, floated vehicles and delayed the Florida Panthers on their way to Stanley Cup games in Canada against the Edmonton Oilers.
Only 18,000 Jobs Added In June, Jobless Rate Edged Up To 9.2 Percent
Economists had expected better news. Private payrolls grew by just 57,000. Cuts at government agencies pulled the overall figure down even more. Previous months' job growth figures were revised down.
Hundreds of kids are being hospitalized for accidentally eating cannabis products
Most parents have no idea their kid can wind up in the hospital after accidentally eating edibles, doctors say. But these cases are rising in Michigan emergency rooms.
The U.S. just experienced its slowest annual sales of homes since 1995
The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.
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2:39
Supreme Court allows White House to request removal of misinformation on social media
The court by a vote of 6-3 ruled that those challenging the government's interaction with social media companies lacked legal standing to sue.
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3:47
Home sales just posted their biggest monthly fall since 2022
More inventory hitting the market was expected to drive sales. Instead, existing home sales suggest a continued slump in the housing market, with mortgage rates hurting affordability.
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2:18
Funeral held for Irvo Otieno, who died in police custody at a psychiatric hospital
More calls for justice came Wednesday at a funeral for 28-year-old Irvo Otieno, who died March 6 while in police custody at a psychiatric hospital in Virginia.
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3:20
Blind Bowling League started among friends. 50 years later it's a tightknit community
Three women who tried bowling to beat the winter blahs had no idea it would evolve into an institution: Denver's Blind Bowling League. (Story aired on Weekend Edition Saturday on Jan. 6, 2024.)
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