Economy

All Articles

August 1, 2013

US unemployment claims fall to 5 ½-year low

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000,…
July 30, 2013

Obama challenges GOP to accept corporate tax deal

CHATTANOOGA, Tenn. (AP) - Seeking to ease Washington gridlock, President Barack Obama on Tuesday challenged Republicans to accept a new…
July 30, 2013

Obama turning into Mr. Middle Class

ANALYSIS - Obama increasingly sounds obsessed with making sure expanding the middle class, lifting Americans from stagnant wages and reducing…
July 29, 2013

theGrio and CNBC Market Update: 7/29/13

VIDEO - Investors digested several economic reports last week. We had mixed news on housing...
July 29, 2013

4 in 5 in US face near-poverty, no work

WASHINGTON (AP) — Four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at…
July 28, 2013

Obama says income inequality could worsen racial tensions

theGRIO REPORT - In an interview with the New York Times, President Obama warned that racial tensions in America might…
July 26, 2013

What Obama wishes he could do on the economy

ANALYSIS - And some of these polities, particularly the health care law, will benefit middle-income Americans. But the broader economic…
July 25, 2013

Where the economy stands for Black Americans

theGRIO REPORT - Here are key components of the economy since 2005, and what they mean -- particularly for the…
July 24, 2013

Obama: Washington took its eye off economic ball

GALESBURG, Ill. (AP) - The president's attempt to refocus on the economy comes amid some hopeful signs of improvement, with…
July 23, 2013

Key to climbing out of poverty: Location, location, location

NBC News-- And now there is new research, published this week, showing that when it comes to the chances that…
July 20, 2013

The roots of Detroit’s bankruptcy

OPINION - Detroit may be the first major U.S. city to file for bankruptcy, but it may not be the…
July 12, 2013

Black spending power projected to reach $1.1 trillion

theGRIO REPORT - Black consumers are wielding power and influence in the marketplace like never before. All while spending their…
July 9, 2013

Obama to talk economy with Congressional Black Caucus

WASHINGTON (AP) — President Barack Obama will meet Tuesday with black members of Congress about the economy and other issues...
July 5, 2013

195,000 new jobs added in strong June jobs report; black unemployment ticks up

WASHINGTON (AP) — U.S. employers added a robust 195,000 jobs in June and many more in April and May than…
July 1, 2013

theGrio and CNBC Market Update: 07/01/13

VIDEO - The economy grew by 1.8 percent during the first quarter, much less than expected. Home prices rose 1.7…
June 13, 2013

Angela Rye's rant on affirmative action: How do you pull yourself up by your bootstraps if you have no boots?

OPINION - It's 2013 and we've yet to truly overcome. Maybe it's not the best policy. But it is much…
June 7, 2013

175,000 new jobs added in May; black unemployment ticks up to 13.5 percent

WASHINGTON (AP) - The Labor Department says the unemployment rate rose to 7.6 percent from 7.5 percent in April. The…
June 6, 2013

Americans blame poverty on 'too much' welfare, NBC/WSJ poll shows

NBC NEWS - Two decades after President Bill Clinton promised to 'end welfare as we know it,' Americans blame government…
May 3, 2013

Unemployment falls to 7.5 percent, black unemployment remains at 13.2 percent

WASHINGTON (AP) — U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months…
April 29, 2013

Recession widens wealth gap gulf between whites and Hispanics, blacks

NBC LATINO - The recession’s effect on the unemployment rate is widely known, but its profound effect on the wealth…