News tagged with 'Unemployment'

On the day the Labor Department announced another half-million job losses, researchers at the Harvard School of Public Health are releasing their findings about unemployment’s impact on health. Losing a job can translate into compromised health, researchers found, even if a new job is secured. 

With unemployment at 7.2 percent for December and predicted to be over 8 percent in 2009, this report from the Commonwealth Fund finds that only about one in ten former employees take advantage of COBRA, generally those who are in the middle class. Only 3 percent of low-income workers can afford it. 

Americans injured by the financial collapse of this country have to look at the housing industry and specifically Alan Greenspan, former chairman of the Federal Reserve. He predicts more layoffs and says he was "shocked" that free markets did not act in the shareholders best interest.