Posts Tagged ‘ 5 Million ’

Economist: April Jobs Report Broadly Disappointing

May 4, 2012 9:24 pm
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Economist: April Jobs Report Broadly Disappointing

Not only is the 115,000 jobs added to the U.S. economy last month disappointing, the the impact of that meager performance is broadly felt, according to an independent Washington economist. The Labor Departmnent released employment data Friday for April, and the national unemployment rate ticked down to 8.1 percent, but that was largely due to discouraged job-seekers who gave up looking for work, and thus are no longer counted in the unemployment data. “Today’s employment report shows that April’s...

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F.T.C. Fines Debt Collector $2.5 Million

January 31, 2012 1:03 pm
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F.T.C. Fines Debt Collector $2.5 Million

In the midst of this economic recession (or depression) the F.T.C. has been cracking down on debt collectors who ”harass consumers for money they may not even be legally obligated to pay.” This is good news for consumers who have found themselves for whatever reason unable to pay their debts in this economy. In the second-largest penalty ever levied on a debt collector, the F.T.C. said that Asset Acceptance, one of the nation’s largest debt collection companies, had agreed to...

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