unemployment

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Nancy Pelosi: 'No Regrets'
 Nancy Pelosi: 'No Regrets'  
Nov 4, 2010 7:39 AM CDT

Nancy Pelosi: 'No Regrets'

Speaker says she hasn't decided on next move

(Newser) - The first female speaker of the House of Representatives says she has "no regrets" after the Republican landslide that will force her to hand the gavel over to John Boehner. Nancy Pelosi told ABC 's Diane Sawyer that America's high unemployment rate is to blame for the Democrat's drubbing....

Law Schools Making Too Many Lawyers
Law Schools Making Too Many Lawyers
Oct 29, 2010 1:54 PM CDT

Law Schools Making Too Many Lawyers

Unemployed grads furious over dry job market

(Newser) - Recent law school grads are having a tough time finding a job, and there’s a very good reason for that: the recession drove tons of people into law school. Between 2007 and 2009, the number of people who took the LSAT shot up 20.5%, Slate reports, as students...

'Recovery' Looking Like 10-Year Recession

Uncertainty is the 'new normal' in America

(Newser) - For many Americans, "recovery" feels a lot like recession—and it may take a decade for that to change, finds the New York Times . At the current rate of job creation, for instance, it would take nine years to recapture jobs lost thus far. Home prices, meanwhile, are down...

At Current Rate All Jobs Won't Be Back Until 2020
 US Won't Get All 
 Jobs Back Until 2020 
AT CURRENT RATE
Oct 10, 2010 10:48 AM CDT

US Won't Get All Jobs Back Until 2020

And we're likely to hit another recession before then

(Newser) - The US has in 2010 added 613,000 jobs as of September—a not-so-bad average of 68,111 per month. But at that rate, it will be 2020 before the US regains the 8.36 million total jobs lost in the Great Recession. That would break the post-WWII record of...

Economy Loses 95K Jobs
 Economy Loses 95K Jobs 
Oct 8, 2010 8:01 AM CDT

Economy Loses 95K Jobs

Unemployment hovers at 9.6%

(Newser) - A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down US payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6%, says the Labor Department. The jobless rate has now topped 9.5% for 14 straight months, the...

Unemployment Isn't the Fault of the Workforce
Unemployment Isn't the Fault of the Workforce
PAUL KRUGMAN
Sep 27, 2010 2:00 PM CDT

Unemployment Isn't the Fault of the Workforce

Government simply lacks the will to stimulate demand

(Newser) - Don't blame America's workers for the country's persistent unemployment. Some, like Bill Clinton and Narayana Kocherlakota have suggested that American workers simply lack the skills employers need. But that's nonsense, argues Paul Krugman in the New York Times . If that were true, there should be employers struggling to fill jobs....

Fed: We Could Help Economy...
 Fed: We Could 
 Help Economy... 
Sep 22, 2010 11:05 AM CDT

Fed: We Could Help Economy...

...But we won't just yet

(Newser) - The Federal Reserve yesterday reassured the public that it was “prepared to provide additional accommodation if needed” to support the recovery, but that it didn’t think it was needed just yet. But merely suggesting the possibility was enough to send markets in the right direction, with interest on...

Recession Ended Last June, Analysts Say

Tell that to the unemployed, who are likely to stay that way for years

(Newser) - Break out the champagne: The recession is over! In fact, it’s been over since June 2009, according to a new report from the National Bureau of Economic Research, an unofficial group that marks the start and end of such economic events. Things may not be great, the committee concluded,...

Over-50 Jobless May Be Out of Work for Good

Younger workers likely to get rehired first

(Newser) - A lot of unemployed Americans over 50 are getting the unhappy sense that they may as well kiss the workforce goodbye—nobody is going to hire them again. Blame the fact that the recovery is so sluggish. At the current rate it will take as long as 8 years for...

Gazans Blame Hamas for Economic Woes

Party shares blame with Israel for sky-high unemployment

(Newser) - As joblessness mounts in the beleaguered Gaza Strip, more and more residents are blaming the ruling Hamas party for their woes, GlobalPost reports. Although Gaza has one of the fastest population growth rates on earth, 45% of people have no job and 85% depend on aid to get by. And...

Joe Miller: Jobless Benefits Unconstitutional

'Show me the enumerated power,' says Senate candidate

(Newser) - It seems Palin-backed GOP Alaska Senate hopeful Joe Miller is sticking with his anti-benefits stance, big time. The Tea Party favorite yesterday told Fox News' Chris Wallace that jobless benefits are unconstitutional, reports the Raw Story . "The Constitution provides enumerated powers," he said. "Show me the enumerated...

Jobless 'Wasteland': Europe, US on Brink of Social Revolt

Recession left 'gaping wounds' says IMF head

(Newser) - To those who think the worst of the recession is over, the head of the IMF has this to say: "We are not safe." An astounding 30 million jobs have been lost since the beginning of the financial crisis , three-quarters of those in richer economies, a new report...

Tax Cuts: Good for Politicians, Not Economy

There are better ways to go, but no one wants another stimulus

(Newser) - “Tax cuts” is a phrase politicians love, especially in election season—but they may not do the economy much good at all. Those in favor of extending the Bush tax cuts (Republicans and a few Democrats) argue that ending the tax cuts, thus increasing taxes, for anyone—even the...

More Americans Becoming Day Laborers

Women, white-collar types hustling manual work

(Newser) - The high unemployment rate is making day labor in America the "occupation" of a far broader, more diverse population. While the informal nature of the sector makes it tough to compile accurate statistics, the number of people seeking casual work is rising across America, as is the number of...

Labor Dept Has a New Site for Jobless
 Labor Dept Has a 
 New Site for Jobless 
HAPPY LABORLESS DAY
Sep 6, 2010 7:58 AM CDT

Labor Dept Has a New Site for Jobless

Unemployment? Still there.

(Newser) - For those who wish they were working this holiday weekend, the Labor Department has a new website aimed at helping out-of-work Americans land a job. Called My Skills, My Future, the site allows job-seekers to punch in their skills, search for jobs, and obtain training, reports Huffington Post.

'Household Misery Index' Hovering Near 30-Year High

Economic fear still rampant, new measure shows

(Newser) - An update of the "Misery Index" from the '70s shows that economic anxiety remains at a high level—just below the all-time high set in December 1982, the Christian Science Monitor reports. Misery, as measured by the blog Paper Economy 's "Household Misery Index," dropped in June...

Middle Class Morphs Into 'New Poor'

Ever more Americans heading downward

(Newser) - At first, it seemed the financial crisis wouldn't leave the US deeply scarred, that's we'd ultimately emerge from it with renewed energy—until Americans stopped to look around and realized that somewhere along the way the middle-class had atrophied, leaving a small super-rich elite and swelling ranks of the poor....

10 Weird Reasons to Get Fired
 10 Weird Reasons to Get Fired 
Aug 22, 2010 6:50 AM CDT

10 Weird Reasons to Get Fired

Capital letters, cancer haircuts, and other odd offenses

(Newser) - There is no nice way to lose your job, especially during a recession. But, not every "you're fired" is created equal. Here, courtesy of Oddee , are some of the worst—and weirdest—job-loss stories out there:
  • Waitress canned for cancer cut: After losing her father to cancer, a Canadian
...

Jobless Claims Hit 9-Month High

Reach 500K mark as employers again cut back

(Newser) - New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows. The Labor Department said today that initial claims for jobless benefits rose by 12,000 last week to 500,000,...

Greece Simmers as Austerity Plan Backfires

Unrest predicted as unemployment soars

(Newser) - The Greeks are still broke and they're getting angrier about it. An austerity plan meant to put the country back on the road to economic health has plunged Greece into a depression, with the unemployment rate approaching 70% in some areas. Almost a fifth of stores in Athens have declared...

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