unemployment

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Paul Krugman: GOP Budget Cuts Would Destroy Recovery
 GOP Cuts Would 
 Destroy Recovery  
paul krugman
Mar 4, 2011 12:48 PM CST

GOP Cuts Would Destroy Recovery

House Republicans relying on 'Confidence Fairy' with job-killing measures

(Newser) - We’re finally clawing our way up from the bottom of the very deep hole that is the recession: Unemployment has dipped amid a "virtuous circle of rising incomes and improving finances." Yet House Republicans are pushing spending cuts that would send us right back down again, writes...

Unemployment Dips to 8.9%, Nearly a Two-Year Low
 Unemployment Dips to 8.9% 
Mar 4, 2011 7:58 AM CST

Unemployment Dips to 8.9%

That's nearly a two-year low

(Newser) - More good news in February : The unemployment rate dipped to 8.9%—a nearly two-year low—as employers hired at the fastest pace in nearly a year. The economy tacked on 192,000 jobs last month, with factories, professional and business services, education, and health care among those expanding employment....

Census: 1 in 4 US Counties 'Dying'
 1 in 4 US Counties 'Dying' 
says census
Feb 23, 2011 5:50 AM CST

1 in 4 US Counties 'Dying'

More deaths than births recorded in rising number of areas: census

(Newser) - Almost a quarter of America's 3,142 counties are slowly dying, according to the US Census Bureau. Some 760 counties are now recording more deaths than births, census figures show, and what demographers call "natural decrease" is accelerating as the downturn pushes birth rates down and forces young people...

Unemployment High, but Layoffs Rarer

Those with jobs have good odds of keeping them

(Newser) - The US labor force has been split into two groups: the relieved and the desperate. Those who have a job are less likely to lose it than at any point in at least 14 years, while those who are unemployed are in trouble: The jobless are staying so for longer...

Unemployment Falls to 9%
 Unemployment Falls to 9% 
Feb 4, 2011 8:17 AM CST

Unemployment Falls to 9%

But that's partially because many have stopped looking

(Newser) - The unemployment rate dropped sharply last month to 9%, the lowest level in nearly two years. But the economy added only 36,000 new jobs, the fewest in four months. The unemployment rate has fallen by eight-tenths of a percentage point in the past two months; that's the steepest two-month...

CBO: Deficit to Hit Record $1.5T

Thanks to tax cut, unemployment extensions

(Newser) - New budget estimates released today predict the government's deficit will hit almost $1.5 trillion this year, a new record. The daunting numbers mean that the government will have to borrow 40 cents for every dollar it spends. The latest figures are up from previous estimates because of bipartisan legislation...

US Sees Rosiest Jobs Outlook Since 1998
 US Sees Rosiest 
 Jobs Outlook 
 Since 1998 
survey says
Jan 24, 2011 8:59 AM CST

US Sees Rosiest Jobs Outlook Since 1998

42% of respondents expect to be hiring in next 6 months

(Newser) - US firms' employment expectations are the best they’ve been in more than a decade, a survey finds: Some 42% of companies who responded expect to boost hiring in the next 6 months, up from 39% in October; just 7% planned to shrink payrolls, compared to 11% in October. Some...

Recession Over for US Firms, Not Workers

US jobless rate higher than competitors despite soaring profits

(Newser) - The US recession is over—at least, for businesses. US workers are still mired in it. Unlike its economic competitors, America's profits have bounced back to above 2007 levels, but the unemployment rate is higher than in Britain or Russia and much higher than in Germany, Japan, or China, notes...

Feds Hit States With Interest on Unemployment Loans

Tax-free provision ended with first stimulus

(Newser) - With most states already swinging in the recessionary winds, more bad news—many will have to start paying interest on the money they borrow to pay unemployment benefits. When jobless levels hit the unthinkable, with some states seeing 14%-15%, many had to go cap in hand to the feds to...

Wages Falling Fast— and Might Not Come Back

This consequence of the recession hearkens back to Depression

(Newser) - More bad news for the unemployed: You may very well return to the workforce, but it will likely be at a significantly lower wage than you were earning before. The Wall Street Journal offers up the stories of workers who went, in one case, from a $150,000-per-year money manager...

Unemployment Rate Falls to 9.4%
Unemployment Rate
Falls to 9.4%
breaking news
Jan 7, 2011 7:55 AM CST

Unemployment Rate Falls to 9.4%

But that's party because some people stopped looking for jobs

(Newser) - The nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches. The Labor Department says employers added 103,000 jobs in December, an improvement from November's revised...

For Returning Troops, an Even Worse Job Reality

They're grappling with 10% employment; non-vets at 9.1%

(Newser) - The job market is obviously bleak—but it's even worse when it comes to troops returning from war. The Washington Post takes a look at the 2 million veterans of the Iraq and Afghanistan wars, who spent as much as 10 years, on and off, in desolate war zones, racking...

These Predictions for 2010 Were Way Off

They said iPads wouldn't make it, but Google Wave would

(Newser) - The media gave us plenty of predictions for 2010, and plenty of them simply didn’t come true. AOL News lists some of the most glaring:
  • Job growth will begin again. Newsweek predicted it unemployment would fall “below 9%,” but it was never less than 9.5%.
  • Republicans
...

Why We Love to Think the Jobless Are Lazy
Why We Love to Think
the Jobless Are Lazy
OPINION
Dec 19, 2010 7:27 AM CST

Why We Love to Think the Jobless Are Lazy

Mythology, narcissism, and 'raw fear' drive conceit

(Newser) - In America, we like to think that the unemployed are to blame for their joblessness—that, in the words of Ben Stein, they’re “people with poor work habits and poor personalities." But any economist will tell you that’s not true, writes David Sirota in Salon . The...

Retiree Repays California for Jobless Benefits in '64

Dennis Ferguson says $1,110 helped him train for computer career

(Newser) - A 74-year-old South Carolina man has repaid California for the $1,100 he received in unemployment benefits 46 years ago. In fact, Dennis Ferguson added interest and wrote a check for $10,000 to the state Treasury, reports the Los Angeles Times . Ferguson got laid off from Douglas Aircraft way...

Anger Mounts as Millions Lose Jobless Benefits

2M to lose benefits by Christmas as parties hit impasse

(Newser) - As Democrats and Republicans wrangled over tax cuts for the richest Americans, time ran out for millions of people who have been unemployed for up to 99 weeks. Congress has failed to agree on how to extend benefits for the long-term unemployed and some 2 million people who have been...

Fed's Employment Forecast Should Scare Obama

It won't fall fast enough for him to look good in 2012

(Newser) - The Federal Reserve issued a dour new economic outlook yesterday, predicting that the unemployment rate, currently at 9.6%, will fall to only 9% by 2011 and 8% by late 2012. That's bad news for everyone, but especially for President Obama; Daily Intel notes that incumbents lost in four of...

Guy Offers $25K to First Person Who Gets Him a Job

As long as your job lead pays $225K, you're set

(Newser) - Having trouble finding a job? Perhaps you should consider Scott Avidon's approach: He's offering $25,000 to the first person who helps him get one. The 45-year-old father of two, laid off six months ago, tells the Huffington Post that he's been "aggressively looking" for jobs—networking, applying online,...

Brits to Jobless: Volunteer or Lose Benefits

Goal: 'End the habit of worklessness'

(Newser) - Unemployed Britons may have to volunteer full-time for a month in order to keep their benefits. The plan, to be unveiled this week, is part of a massive overhaul of the country's $300 billion welfare program, notes the Guardian . The goal, says a government source, is to "end the...

Unemployment Stuck at 9.6%
 Unemployment Stuck at 9.6% 
Nov 5, 2010 8:15 AM CDT

Unemployment Stuck at 9.6%

But it's the best jobs month since May, with a net gain of 151K jobs

(Newser) - US employers added the most jobs in five months in October, with the education and health care sectors leading the way. But the unemployment rate, measured by a separate survey of households, refused to budge. It remained stuck at 9.6% for the third straight month.

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