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Unemployment

This tag is associated with 18 posts

Economy Added 146K Jobs In November; Unemployment Falls To 7.7%

via Vicki Needham, The Hill The economy added 146,000 jobs in November while the unemployment rate fell to 7.7 percent. It’s the lowest the jobless rate has been since December 2008, and the report from the Bureau of Labor Statistics was higher than estimates that had predicted Hurricane Sandy would hold total job growth down. … Continue reading

Election Eve: Obama and Romney Make Their Final Case

via John Whitesides, Reuters President Barack Obama and Republican challenger Mitt Romney make a frenetic dash to a series of crucial swing states on Monday, delivering their final arguments to voters on the last day of an extraordinarily close race for the White House. After a long, bitter and expensive campaign, national polls show Obama … Continue reading

Unemployment Rate Drops To 7.8%, Near-Four Year Low

via Lucia Mutikani, Reuters The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama’s re-election bid. The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest … Continue reading

End-Of-Term Report: Obama’s Record Is Better Than The Woes Of America’s Economy Suggests

via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading

U.S. Congressional Budget Office Warns Of Worse Economic Wreckage From “Fiscal Cliff”

via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading

Poverty In U.S. On Track To Be Highest Since 1960s

via Hope Yen, The Huffington Post The ranks of America’s poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net. Census figures for 2011 will be released this fall in the critical … Continue reading

Britain Considers Leaving The European Union

via Anthony Faiola, The Washington Post Like so many others in this fiercely independent island nation, Steve Baker, a dashing English engineer, is fed up with the long hand of the European Union in British life. The E.U., he said, has meddled for years in British legal affairs and labor laws. But now the 27-nation … Continue reading

In Suburban America, Middle Class Begins To Confront Poverty

via Izhar Harpaz, Dateline, MSNBC The small communities that dot the picturesque mountain landscape outside Boulder, Colorado conjure up an image from long before the great recession. Here the manicured lawns and expensive cars are a testament to the achievements of a fiercely independent and educated middle class; a 21st century version of suburban bliss. … Continue reading

Wanted: Jobs For the Next Generation

via Editorial Board, Chicago Tribune When the U.S. was in recession three decades ago, middle-aged industrial workers were the biggest losers. The most recent recession and hesitant recovery, though, has hammered the young, as the government’s disappointing monthly employment report showed again last week. For many of America’s younger workers, opportunity is scarce and financial … Continue reading

Bring Back The 40-Hour Work Week

via Sara Robinson, Alternet 150 years of research proves that long hours at work kill profits, productivity and employees If you’re lucky enough to have a job right now, you’re probably doing everything possible to hold onto it. If the boss asks you to work 50 hours, you work 55. If she asks for 60, … Continue reading

Unemployment Benefits: Party Leaders Stay Hush On Proposal To Drug Test The Jobless

via Arthur Delaney, The Huffington Post Since Republicans proposed drug testing the unemployed last week, both Republican and Democratic leaders in Washington have been quiet on the controversial proposal. Spokesman for House Speaker John Boehner (R-Ohio) and House Majority Leader Eric Cantor (R-Va.) have repeatedly referred questions on specific parts of a broader Republican jobs … Continue reading

New Report Shows More Workers Falling Behind Average Wage Level

via Tom Raum, Associated Press, Chicago Tribune Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation’s rich and poor, the government reported Thursday. There were fewer jobs, and overall pay was trending down — except for the nation’s wealthiest. The number of people making $1 … Continue reading

The Instability Of Inequality

via Nouriel Roubini, Project-Syndicate This year has witnessed a global wave of social and political turmoil and instability, with masses of people pouring into the real and virtual streets: the Arab Spring; riots in London; Israel’s middle-class protests against high housing prices and an inflationary squeeze on living standards; protesting Chilean students; the destruction in … Continue reading

Dependence On Government Jobs Leaves Women Behind In Recovery

via Jillian Berman, The Huffington Post Women make up slightly more than half of the U.S. population, but they gained less than 4 percent of new jobs created last month, according to a recent report by the National Women’s Law Center. Women gained 4,000 jobs in September out of a total of 103,000, a NWLC … Continue reading

The Big Picture: A 40-Year Scan Of The Right-Wing Corporate Takeover Of America

via Don Hazen and Colin Greer, Alternet Author and public intellectual Colin Greer tells us how we got where we are today. It’s not a pretty picture, but hope is on the way. At this moment, there are growing protests on Wall Street in Manhattan, in Boston at the Bank of America, and in cities around … Continue reading

Are Jobs Obsolete?

The U.S. Postal Service appears to be the latest casualty in digital technology’s slow but steady replacement of working humans. Unless an external source of funding comes in, the post office will have to scale back its operations drastically, or simply shut down altogether. That’s 600,000 people who would be out of work, and another … Continue reading

Obama Calls For Quick Action On Latest Jobs Plan

President Barack Obama on Thursday urged Congress to quickly enact a package of tax cuts, infrastructure projects and other spending programs that he characterized as bipartisan. In an address to a joint session of Congress, Obama unveiled his $447 billion jobs plan, which also includes new spending for teachers’ pay, school construction and tax reform. … Continue reading

All Work and No Pay: The Great Speedup

On a bright spring day in a wisteria-bedecked courtyard full of earnest, if half-drunk, conference attendees, we were commiserating with a fellow journalist about all the jobs we knew of that were going unfilled, being absorbed or handled “on the side.” It was tough for all concerned, but necessary—you know, doing more with less. “Ah,” he … Continue reading

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