unemployment

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Many Jobs Are Gone Forever
 Many Jobs Are Gone Forever 
ANALYSIS
Oct 5, 2009 2:28 PM CDT

Many Jobs Are Gone Forever

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

(Newser) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions...

Despite Layoffs, High-Paying Jobs Go Unfilled

Employers can't find nurses, engineers, energy researchers

(Newser) - In a brutal job market, here's a task that might sound easy: Fill jobs in nursing, engineering and energy research that pay $55,000 to $60,000, plus benefits. Yet even with 15 million people hunting for work, even with the unemployment rate nearing 10%, some employers can't find enough...

Unemployment Now Lasts Longer Than Benefits

(Newser) - A rough milestone on the jobless front: The average length of time it takes to find a job—26.2 weeks—now exceeds the standard length of unemployment benefits—26 weeks. That's first time it's happened since the Labor Department began keeping stats 60 years ago, reports Bloomberg. The bit...

GOP Revels in US Setbacks
 GOP Revels in US Setbacks 
piling on
Oct 2, 2009 2:15 PM CDT

GOP Revels in US Setbacks

1-2 punch of job stats, Olympic decision gets a third stage

(Newser) - From worse-than-expected unemployment numbers to Chicago’s foiled Olympic bid, today was a lousy day for America, but Republicans reacted as if Christmas had come early. Soon after the jobs numbers hit, Glenn Thrush of Politico got a slew of GOP press releases. “Rep. Mike Pence literally hit the...

Dow Falls 34 Ahead of Jobs Data
 Dow Falls 34 
 Ahead of Jobs Data 
MARKETS
Sep 29, 2009 3:16 PM CDT

Dow Falls 34 Ahead of Jobs Data

Dow still on track for best quarter in 10 years

(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to...

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

(Newser) - Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in...

Jobless Outnumber Jobs, 6-1
 Jobless Outnumber Jobs, 6-1 
Sep 27, 2009 10:38 AM CDT

Jobless Outnumber Jobs, 6-1

Ratio hits worst level since recording began in 2000

(Newser) - Even as the US pulls out of the recession, the ranks of the out-of-work have swelled to 14.5 million people, leaving six jobless people vying for every available job—the worst ratio since the Labor Department began keeping track in 2000. "There's too much uncertainty out there,"...

Outlook Bleak for Holiday Hiring

Pessimistic retailers plan to slash seasonal jobs

(Newser) - Retail jobs are expected to be in short supply even as the holiday shopping season approaches, the Wall Street Journal reports. Some 40% of retail chains surveyed say they plan to hire fewer workers this year than they did last year when the recession forced many to cut staffing levels....

Job Market Splitting Up Couples
 Job Market Splitting Up Couples 
Sep 22, 2009 5:18 AM CDT

Job Market Splitting Up Couples

Nearly 1 in 5 Americans relocates for new position

(Newser) - With the job market failing to recover along with the larger economy, two-career couples are facing tough choices and increasingly being forced into long-distance relationships. A recent survey has found that 18.2% of Americans who took new jobs in the second quarter also relocated, up from 11.4% a...

Business Is Booming on Appalachian Trail

In echoes of Depression-era hobos, hikers subsist on bartered farm labor

(Newser) - The Appalachian Trail has been packed this year, as the unemployed wait out the bad economy by hiking almost 2,200 miles between Maine and Georgia—and often pay for the journey by working as they go, the Wall Street Journal reports. The trail offers a subsistence lifestyle—hikers budget...

Obama 'Skeptical' About More Troops in Afghanistan

Pres calls Russians 'paranoid' and refuses to comment on ACORN

(Newser) - If it’s Sunday, it’s President Obama, who took to five Sunday talk shows today (including Univision, but excluding Fox) to promote his agenda. Among the highlights:
  • Obama warned US commanders on This Week he’s “skeptical” that more US troops in Afghanistan will make a difference.
  • On
...

NYC Unemployment Hits 10.3%
 NYC Unemployment Hits 10.3% 
Sep 18, 2009 7:10 AM CDT

NYC Unemployment Hits 10.3%

City given grant to help laid-off Wall Street workers retrain

(Newser) - The Big Apple's unemployment rate hit double digits last month for the first time since 1993, the New York Times reports. At 10.3%, the rate is now higher than the national rate of 9.7%. State officials say continuing layoffs on Wall Street are to blame for the rise,...

Recession Crushes White-Collar Michigan

Layoffs, property price plunge leaves middle-aged workers in limbo

(Newser) - Tens of thousands of middle-aged white-collar workers have been left jobless and stranded in Michigan by the recession, the Wall Street Journal reports. Auto industry veterans laid off by the Big Three are finding themselves competing against against younger people for a smattering of job openings. With property prices down...

Wages Are Up—for Workers With Jobs

Avg. weekly pay hit $618 last month, up from $612

(Newser) - For those with the good fortune to have a job, wage growth has actually increased in recent months, government surveys show. From the fall of Lehman Brothers last September to this June, average weekly pay stayed at $612. But since June, the workweek has gotten longer and hourly pay growth...

UK Unemployment Soars to 14-Year High

Jobless rate expected to keep rising despite signs of economic recovery

(Newser) - The unemployment rate in Britain has climbed to 7.9% despite signs the economy is slowly beginning to pick up, the Wall Street Journal reports. The rate is now the highest since 1995, and analysts expect it to keep rising until well into next year. Unemployment remains especially high among...

Time-Starved Working Parents Eat Poorly: Study

Low-income work schedules make healthy eating difficult

(Newser) - The nature of low-income employment promotes unhealthy eating, Time reports. Over half of working parents in low-to-moderate income communities relied on dietary “coping” measures when their schedules couldn’t accommodate a full meal, according to a new Cornell University study. Those strategies included skipping breakfast or family meals, and...

Credit Cards Cut Deadbeats More Slack

With unemployment rising, companies modify, reduce debt

(Newser) - With unemployment nearing 10%, credit card companies are doing something once unheard of: forgiving debt, or modifying it in the customer’s favor, the Washington Post reports. Companies are loathe to discuss the practice, lest it inspire more delinquencies, but according to one industry report, roughly 3 million people got...

Forget Health Reform&mdash;We Can't Afford It
Forget Health Reform—We Can't Afford It
OPINION
Sep 10, 2009 8:50 AM CDT

Forget Health Reform—We Can't Afford It

The economy should be Obama's top priority: Henninger

(Newser) - Barack Obama makes health care sound like the most pressing issue in American life, but with unemployment at 10% and the country still officially in recession, Daniel Henninger wonders why he's "draining a dwindling reservoir of presidential capital." The cost of health care may be a problem for...

In Recovery, Business Will Profit at Workers' Expense

Short-term outlook 'great for business, terrible for households'

(Newser) - The economy is slowly improving, but companies will see the benefits long before the unemployed and underemployed will, Bloomberg reports. A Department of Labor report released yesterday found that the average workweek is at a near-record low of 33.1 hours. The lack of uptick in part-time hours is an...

Teen Unemployment Hits Record 25%

Expert sees teenagers jobless for a 'long, long, long, long time'

(Newser) - The teen jobless picture is the bleakest since the government started tracking the statistic 60 years ago, the New York Times reports. The rate hit 25.5% last month, nearly triple the rate among other workers. Analysts say teens are getting squeezed out of the workplace by college graduates, unable...

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