According to an AP index, the recession has sent economic stress levels soaring, with the housing slump hitting the timber industry with particular force. The consequences of the downturn are clearly evident in the tiny backwoods town of Pine Hill, Ala., where 327 jobs were lost when a timber mill closed earlier this year.
The benchmark for crude ended the day Friday at $73.89, its highest close since October.
Stocks are higher in early trading Monday, thanks to gains overseas and in some commodity markets such as oil.
Smith Electric Vehicle's U.S. subsidiary is receiving a $10 million grant to help build its planned manufacturing plant near the Kansas City International Airport. It is part of a national effort to boost the battery and electric vehicle industry and create jobs.
U.S. Commerce Secretary Gary Locke announced more than $15 million in federal grants for Missouri, including money for Smith Electric Vehicles U.S. Corp., the Missouri University of Science and Technology, Ford Motor Co. and Chrysler LLC.
"Smart grid" technology promises to revolutionize the electric power industry by making utilities more intuitive, but critics and regulators worry about its cost benefit and questions of security and privacy.
Even as money for the "cash for clunkers" program dwindles, Columbia residents are turning in their clunkers at a steady pace.
Agriculture Secretary Tom Vilsack and his department are trying to help the struggling dairy market by raising the price paid for milk and cheddar cheese. The department estimates the maneuver will boost overall dairy farm revenue by $243 million.
Recent polls show that President Barack Obama is losing support on how he is handling the health care initiative. Some speculate that he underestimated ideological divisions on health care.
Some things President Barack Obama said about health care reform during his Wednesday news conference differ with the facts, and what he's said before.
As the economy continues to lose jobs, Obama will hold a news conference pressing for continued progress in health care debates, in hopes of signing a reform bill before the end of the year.
Offering rebates to customers that lower their electricity use during periods of peak usage could improve air quality and save AmerenUE money, officials said.
Dan Imler sells rare and vintage baseball memorabila for hundreds of thousands of dollars. Mike French sells baseball cards for a few dollars a pack. Both are feeling the effects of a down economy in different ways.
The transport division, which employs 35 people and has been profitable for the past few years, will reach the end of its contract on August 31 and MFA Oil might not renew the contract.
While the unemployement rate continues to rise, the number of newly laid-off workers filing initial claims for unemployment insurance fell last week by 52,000.
With the growth of energy concerns in Washington — and the allocation of federal funds to alleviate them — job opportunities in the field are expected to open across the U.S.
The U.S. unemployment rate continued to climb in the month of June, reaching a 26-year high of 9.5 percent. Economists are conflicted about how long it will be before that number starts to go down.
The Mid-America Business Conditions Index rose to its highest level since September of last year, indicating that the region's economy is improving, but despite the rise, job losses persist.
Consumers' confidence in the economy, which had surged in April and May, is projected to be virtually unchanged for June when The Conference Board releases figures on Tuesday. And major retailers will release June sales results next week.
When it comes to trimming the state's budget, critics of Gov. Jay Nixon's vetoes dispute not the spending that was cut, but the projects that were cut. Among the projects affected include the Ellis Fischel Cancer Center at MU.