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Category archives for: Jobs/Economy

Obama Announces Federal Employee Pay Freeze

Barack Obama

The decision will save the government about $2 billion for the remainder of fiscal year 2011 and $28 billion over the next five years, the White House said. The long-term savings come from lowering the government’s base compensation over the next two years.

Oil Companies Moving Forward From Spill

Oil Rig

Major oil companies are wasting no time in trying to get back to work in the deep waters of the Gulf of Mexico. On Monday, Chevron Corp. confirmed it is in the process of filing what could be the first drilling permit application since the Interior Department lifted a temporary ban on drilling in the […]

14.8 Million Americans Unemployed

Unemployment

The Bureau of Labor Statistics reports that the unemployment rate remains unchanged at 9.6%. Yesterday a Gallup Poll had the Unemployment rate at 10.1%. According to the Bureau of Labor Statistics nonfarm payroll employment edged down (-95,000) in September, and the unem- ployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Sta- […]

Homeless Houston

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