CBO: Slow Growth, High Jobless Rate for Years

Projecting slow growth and high unemployment over the next six years, the Congressional Budget Office released its updated report Wednesday that paints a dire economic picture for the foreseeable future. The nonpartisan agency forecasts the country’s jobless rate will remain above 8 percent until 2014 and economic growth will be 2.7 percent next year. President […]

Louisville Jobless Rate Climbs

The Kentucky Office of Employment and Training says the Louisville metropolitan area’s unemployment rate jumped to 9.4 percent in January, up from 7.6 percent in December and 5.6 percent in January of 2008. Officials say the higher number is due in large part to manufacturing job losses, particularly in the auto industry.   Both of Louisville’s […]