Unemployment

Here's how people without work are paying the bills

Posted on Monday, July 04, 2011

The anemic economy has left millions of Americans out of a job, and often for long stretches at a time. A new survey from Transamerica Center for Retirement Studies takes a look at how they are getting by. Transamerica enlisted polling firm Harris Interactive to survey 668 people who had been fully...

How Long Before The Unemployed Find Work Or Give Up?

Posted on Monday, July 04, 2011

WASHINGTON -- A new study from the Labor Department's Bureau of Labor Statistics shows that the Great Recession that technically ended in 2009 has doubled the time it takes before the average unemployed person either finds a job or gives up looking for work. Each month, BLS announces the latest...

Applications Flood Florida Program for Unemployed Homeowners

Posted on Thursday, May 05, 2011

In just one week’s time, the Florida Housing Finance Corporation has received nearly 9,500 applications from unemployed homeowners seeking financial assistance through the state’s Hardest-Hit Fund (HHF) program. Following a successful six-month pilot run in Lee County, the state housing agency lau...

The Wageless Recovery

Posted on Thursday, May 05, 2011

This week's biggest economic show occurs tomorrow (Wednesday) when Fed chair Ben Bernanke steps in front of the cameras for the Fed's first-ever news conference. The question on everyone's mind: Will the Fed signal it's now more worried about inflation than recession? Much of Wall Street thinks inf...

Sleepwalking through America’s Unemployment Crisis

Posted on Thursday, May 05, 2011

NEWPORT BEACH – It was relegated to the Q&A session, rather than featured prominently in the opening statement, at last week’s first-ever press conference of US Federal Reserve Board Chairman Ben Bernanke. It is an issue that too many in Washington, DC are willing to dismiss as “transitory,” despite...

Teen Joblessness May Hit Record in Summer 2011

Posted on Thursday, May 05, 2011

A record-low one in four U.S. teenagers will land a summer job in the coming months as a result of a still-poor job market and lost federal funding, according to a report issued on Monday. As a consequence, urban studies experts said cities like Chicago—where summer unemployment among African-Ameri...

Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (“HHF”)

Posted on Tuesday, April 05, 2011

STATEMENT OF PURPOSE On August 11, 2010, the Administration announced an expansion of the HHF to provide additional assistance targeted at unemployed borrowers in states with the highest unemployment rates. This expansion of the HHF will include up to $2 billion in funding for HFAs to offer a stan...

Second Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (“HFA Hardest-Hit

Posted on Tuesday, April 05, 2011

STATEMENT OF PURPOSE On March 29, 2010, building on the first HFA Hardest-Hit Fund, the Administration announced an expansion of the initiative to target five additional states with high shares of their populations living in areas of concentrated economic distress. This second HFA Hardest-Hit Fu...

Hardest Hit - Florida

Posted on Tuesday, April 05, 2011

Section One On February 19, 2010, President Obama announced $1.5 billion in funding to help families in the five states that have been hit the hardest by the combination of housing price declines and unemployment. Florida Housing Finance Corporation (“Florida Housing”) appreciates the confidence t...

Florida Hardest Hit Fund

Posted on Tuesday, April 05, 2011

Program Fact Sheet Background In February 2010, US Treasury (Treasury) created the “Housing Finance Agency (HFA) Innovation Fund for the Hardest-Hit Housing Markets” (HFA Hardest-Hit Fund) and allocated funds under the Emergency Economic Stabilization Act of 2008 (EESA) to five states: Arizona, ...

Frequently Asked Questions Fla Hardest Hit Fund

Posted on Tuesday, April 05, 2011

1) What is Florida HFA Hardest-Hit Fund (HHF)? Florida Housing Finance Corporation (Florida Housing) was directed by US Treasury (Treasury) to create and administer foreclosure prevention assistance programs that address the unique issues of our state. Treasury requires that Florida use a por...

Frequently Asked Questions Fla Hardest Hit Fund

Posted on Tuesday, April 05, 2011

1) What is Florida HFA Hardest-Hit Fund (HHF)? Florida Housing Finance Corporation (Florida Housing) was directed by US Treasury (Treasury) to create and administer foreclosure prevention assistance programs that address the unique issues of our state. Treasury requires that Florida use a por...

What Do You Do if You Are Jobless? Insights About the Business Brain

Posted on Monday, April 04, 2011

While the number of planned layoffs did fall in March in the US, the rate of joblessness is still alarming. When jobs are scarce and hopelessness is rife, what can you do in a down economy where you cannot see any obvious options for return to work? How does brain science and psychology research hel...

Michigan first to act as states weigh reductions in unemployment benefits

Posted on Monday, April 04, 2011

Michigan moved Thursday to significantly cut its unemployment program, becoming the first of what could be a flurry of debt-laden states to reduce aid even as high jobless rates persist. The Michigan measure reduces the maximum period a person can receive state unemployment benefits from 26 to 20 w...

HuffPost Social Jobs: A Look At Who's Hiring Across The Nation

Posted on Monday, April 04, 2011

Lets face it. Although the current job market is improving nationally, things are still tough. Many around the country are still out of work and struggling. For a new feature called HuffPost Social Jobs, we've gathered some of the best positions recommended by our readers. Below, check out some of...

Blame Business Cycle For High Unemployment, SF Fed Says

Posted on Monday, April 04, 2011

The current high rate of unemployment in the United States is primarily due to cyclical factors, not structural changes in the economy, according to researchers at the San Francisco Federal Reserve Bank. The study runs counter to worries among some top Fed policymakers that undesirable upward press...

U.S. Wages Aren't Keeping Up With U.S. Productivity, EPI Says

Posted on Tuesday, March 22, 2011

Ever feel your work isn’t being adequately represented by the final amount on your paycheck? Turns out that nagging sense of injustice isn’t just a hunch. A recent report by the Economic Policy Institute reveals that benefits and wages haven’t kept up with the increasing productivity of American ...

9 Million Laid-Off Americans Lost Health Insurance In Last Two Years: Study

Posted on Tuesday, March 22, 2011

WASHINGTON -- During the last two years, 57 percent of Americans who lost a job that provided them health insurance -- nearly 9 million people -- could not afford to regain coverage, according to a new study published by the Commonwealth Fund, a longtime advocate of health care reform. In addition...

An Important Starting Point -- With One Gap

Posted on Sunday, March 20, 2011

I had one major source of unhappiness with last week's IMF conference: the participants were largely silent about the dismal outlook in the advanced economies for the next several years. The current outlook for unemployment in the United States, Europe, and Japan is probably worse than it was in lat...

New Bill Would Ban Discrimination Against The Jobless

Posted on Sunday, March 20, 2011

WASHINGTON -- Under Title VII of the Civil Rights Act, employers cannot discriminate against applicants based on race, color, religion, sex, or national origin. Rep. Hank Johnson (D-Ga.) introduced legislation on Wednesday that would add unemployed people to that list of protected groups. The Fair ...

Unpaid internships gain popularity among the jobless

Posted on Sunday, March 20, 2011

Working for no pay isn't the preferred route out of unemployment, but it offers valuable experience and the inside track to jobs once they do open up. But critics say employers are exploiting the slow economy by not hiring paid workers. Malibu resident Ashley St. Johns-Jacobs, 40, typically rises...

Chicago Cutting 4,000 Summer Jobs For Teens As Federal Money Dries Up

Posted on Sunday, March 20, 2011

Four thousand fewer teens will have gainful employment through the City of Chicago this summer, as federal stimulus dollars for a flagship city program have run out. The "Youth Ready Chicago" program provided 18,000 jobs last summer to youths ages 14 to 21. About 3,700 of those jobs came from a las...

Fairness for Workers

Posted on Sunday, March 20, 2011

Yesterday, I participated in an Oversight Committee hearing on the future of organized labor in America. Project Labor Agreements (PLAs) ensure that construction workers are paid good wages for the very dangerous work that they do. Republicans in Congress are trying to end PLAs -- meaning lower wage...

The Forgotten Millions

Posted on Sunday, March 20, 2011

More than three years after we entered the worst economic slump since the 1930s, a strange and disturbing thing has happened to our political discourse: Washington has lost interest in the unemployed. Jobs do get mentioned now and then — and a few political figures, notably Nancy Pelosi, the Democ...

A U.S. Recovery Built on Low-Paying Jobs

Posted on Friday, March 18, 2011

Before she lost her job last November as a full-time health department caseworker in Aurora, Ill., Amy Valle was making $23 an hour. Now she's paid $10 an hour as a part-time assistant coordinator in an after-school program. "From here on out, it will be a struggle," says Valle, 32, whose husband lo...

Washington has forgotten about America's unemployed

Posted on Friday, March 18, 2011

Washington has forgotten about America's unemployed, writes Paul Krugman: "Earlier this week, the White House budget director declared: 'There is an agreement that we should be reducing spending,' suggesting that his only quarrel with Republicans is over whether we should be cutting taxes, too. No w...

America Waking up to Value of Unions

Posted on Thursday, March 17, 2011

As Abraham Lincoln famously said, "You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." When you put enough dots in front of people sooner or later they will connect the dots. And Americans are connecting th...

Marketing Overqualified to Your Advantage in the Job Search

Posted on Thursday, March 17, 2011

If you are lucky enough to land a job interview in this difficult market, make sure you are in control of your message. This is especially important for seasoned candidates who often hear that they are overqualified for a position. With a generation of experienced individuals that were laid off in t...

Why Your Boss Is Wrong About You

Posted on Thursday, March 17, 2011

Los Angeles IN the raging battle over union rights in Wisconsin, those seeking to curtail collective bargaining for state employees have advanced an argument that seems hard to resist: It will make it easier to reward those workers who perform the best. What could be fairer than that? If only th...

Layoffs Reach 11-Month High, But They're Not The Major Worry

Posted on Thursday, March 17, 2011

The number of planned layoffs in February rose to an 11-month high according to data released Tuesday, but economists think it's too soon to say whether this is indicative of a broader slump in the labor market. According to a separate survey released Wednesday -- the ADP National Employment Report...

Unemployment Rate Rises In Ten States, In Spite Of Optimistic Jobs Report

Posted on Thursday, March 17, 2011

WASHINGTON -- The unemployment rate fell or held steady in 40 states in January, the latest sign that hiring is strengthening throughout the country. The Labor Department says the unemployment rate fell in 24 states and remained the same in 16. The unemployment rate rose in only 10 states. In Decem...

America: We Need a National Manufacturing Strategy

Posted on Thursday, March 17, 2011

What did you buy this week? Now - how many of those items were made in America? Not many, I bet. Because even if we wanted to, most of us would be hard-pressed to buy only American-made products. While U.S. jobs are steadily shipped overseas, the tidal wave of foreign-made goods in our stores and ...

.S. Economy Trades High-Paying Jobs For Low-Paying Positions, Report Finds

Posted on Wednesday, March 16, 2011

UIn the last 12 months, the U.S. economy has largely traded high-quality jobs for poorly-paid positions, according to a new report by the National Employment Law Project. Though the economy has added more than a million jobs over the last year, new positions have skewed towards relatively low-wage...

Amity Shlaes's Forgotten History: When Unions Go Bust, We All Do

Posted on Wednesday, March 16, 2011

For years, American workers' wages have stagnated even as they produced more. Since 2008, they have been socked with staggering new bills for bank bailouts and hammered by a Great Recession brought on by the very same banks. Now public sector workers are confronted by a new crop of Republican govern...

White House Launches Jobs Council Featuring Top U.S. Business Leaders; Tells Congress Economy is “Mo

Posted on Wednesday, March 16, 2011

President Obama yesterday led the first session of a new Council on Jobs and Competitiveness, seeking input from top U.S. business and union leaders about potential strategies for boosting private-sector employment and promoting American businesses. The new advisory body includes AOL co-founder ...

Remarks by the President at Meeting with the President's Council on Jobs and Competitiveness

Posted on Wednesday, March 16, 2011

THE PRESIDENT: Well, I don't want to waste too much time with a big windup. And I know that everybody here has already been busy today doing some terrific work. I just want to, first of all, thank Jeff and I want to thank all of you for your willingness to participate in our Jobs Council. Just ...

Ignore the Teen Employment Problem at Your Peril

Posted on Tuesday, March 15, 2011

In reviewing the findings of the recently released national report on employment and unemployment developments in the U.S. for January 2011, one might have encountered a sense of double vision in examining the findings for the nation's teenagers (16-19 years old). In January 2011, only 25.7 percent ...

Geithner: GOP Spending Cuts Could Cost Jobs

Posted on Tuesday, March 15, 2011

Treasury secretary Timothy Geithner isn't happy with the latest round of Republican budget cut proposals. Geithner, speaking at a press conference after a G20 meeting, said the House of Representatives' $60 billion package of spending cuts, passed on Saturday, would cost jobs. "In our judgment, th...

Employment Won't Recover To Pre-Crisis Level, SF Fed Says

Posted on Tuesday, March 15, 2011

The national employment situation has slowly been improving, but fundamental shifts in the economy may prevent a full recovery, a new Federal Reserve report concludes. The "normal" unemployment rate, or the baseline level to which the economy is progressing, will be worse than it was before the rec...

Promoting Economic Recovery and Job Creation: The Road Forward

Posted on Thursday, February 17, 2011

On January 26, Donald Kohn testified before the House Committee on Financial Services on promoting economic recovery and job creation, offering monetary, fiscal and regulatory policy recommendations for the U.S. economy as it slowly recovers from a period of high unemployment. Mr. Chairman and Mem...

Employment Won't Recover To Pre-Crisis Level, SF Fed Says

Posted on Thursday, February 17, 2011

The national employment situation has slowly been improving, but fundamental shifts in the economy may prevent a full recovery, a new Federal Reserve report concludes. The "normal" unemployment rate, or the baseline level to which the economy is progressing, will be worse than it was before the rec...

3.9 Million Americans Ran Out Of Unemployment Benefits In 2010: Report

Posted on Monday, February 14, 2011

Last year, 3.9 million Americans ran out of unemployment insurance benefits, according to a new analysis provided to HuffPost by the National Employment Law Project. Those 3.9 million are not necessarily still unemployed, and not all of them are necessarily "99ers" -- people who exhausted the maxi...

The 10 States Running Out Of Smart People: 24/7 Wall Street

Posted on Monday, February 14, 2011

There are several states in the U.S. that are losing the education race to most of the others. In the past decade, these states have declining math and reading scores, lower numbers of people with bachelor's degrees, and comparatively fewer residents who hold white collar jobs. Colorado, Michigan, a...

House Dems To Reintroduce Longshot Bill For Long-Term Unemployed

Posted on Tuesday, February 08, 2011

WASHINGTON -- Democratic Reps. Barbara Lee (Calif.) and Bobby Scott (Va.) are reintroducing legislation this week to provide additional weeks of unemployment insurance benefits for "99ers," the long-term jobless who have exhausted their benefits and still haven't found work. "The bill that I am in...

S. Fla. jobless rate grows in 2010

Posted on Tuesday, February 08, 2011

Nearly two-thirds of the nation’s 372 metropolitan areas finished 2010 with lower unemployment rates than they posted a year earlier. However, South Florida was not among them. A total of 238 metro areas registered improvements in their jobless rates last year, according to a Business First analysi...

AP Analysis: Foreclosures Raise US Economic Stress

Posted on Tuesday, February 08, 2011

The nation's economic stress inched up in December because higher foreclosures outweighed lower unemployment, according to The Associated Press' monthly analysis. Bankruptcy levels remained largely unchanged from November. But the depressed housing market took a toll. Foreclosure rates...

American Manufacturing Expands At Fastest Rate In 7 Years -- But Recovery Still Uneven

Posted on Monday, February 07, 2011

American manufacturing continued its rapid growth last month, according to a new report released Tuesday, suggesting a broader economic recovery could take hold this year. January marked the eighteenth straight month of growth in the manufacturing sector the fastest rate of growth seen since May 2...

How a New Jobless Era Will Transform America

Posted on Monday, February 07, 2011

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution i...

Joblessness, Rising Prices Could Spark Social Unrest: IMF Chief

Posted on Monday, February 07, 2011

SINGAPORE - The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday. Rising food and fuel prices in recent months have already hit poore...

Y'Want Jobs? Small Business? Then Fund Education

Posted on Friday, February 04, 2011

Everybody agrees that small business is good for an economy, that it promotes jobs, and so on. But what does anybody want the government to do about it? And what can governments really do about it, effectively? More small business loans, perhaps? Lower taxes? Cut regulations? Sure, all easy to say...

UNEMPLOYMENT - Job Growth Expected in Real Estate and Finance Sectors: Survey

Posted on Friday, February 04, 2011

The National Association for Business Economics (NABE) released the results of its latest quarterly survey this week, which polls member firms to assess their upcoming hiring strategies and gauge expectations for economic growth. Fifty percent of the responding companies in the finance, insuranc...

Unemployment Rate To Remain Above 9% Through 2011, Will Remain Above 'Natural Rate' Until 2016

Posted on Monday, January 31, 2011

The jobs crisis isn't going anywhere, according to the latest forecast from the nonpartisan Congressional Budget Office, which puts the national unemployment rate above 9 percent through 2011 and 8 percent through 2012. Unemployment will fall to a more "natural rate" only in 2016, when CBO estimate...

Job Creation Tops Obama’s State of the Union

Posted on Friday, January 28, 2011

In his State of the Union address Tuesday night, President Barack Obama made scant reference to housing and no mention of the mortgage interest deduction. That was probably a wise move on his part — not only because most Americans favor the deduction and there’s speculation (but no evidence that I k...

UN: Global Unemployment Still High

Posted on Thursday, January 27, 2011

DAVOS, Switzerland — Adjusting to the "new reality" framed the backdrop of the World Economic Forum on Tuesday, with some 2,500 business leaders, politicians and social activists looking forward while trying to anticipate unexpected shocks. "The post-crisis era should not be the pre-crisis era," Fo...

UNEMPLOYMENT - The changing face of American jobs

Posted on Thursday, January 27, 2011

It's a tense time for many workers as career paths fade away and others emerge This is part of our year-long look at the unemployment crisis and prospects for recovery. If you're a travel agent, bank teller or a file clerk; if you run a printing press, answer a switchboard or work at a sewing ...

Florida loses 8,500 construction jobs in December

Posted on Thursday, January 27, 2011

Florida lost 8,500 construction jobs in December, falling to 338,400 from 346,900 in the previous month. Florida lost 8,500 construction jobs in December, falling to 338,400 from 346,900 in the previous month. And, between December 2009 and December 2010, the Sunshine State lost a whopping 20,2...

Job Growth Expected in Real Estate and Finance Sectors: Survey

Posted on Thursday, January 27, 2011

The National Association for Business Economics (NABE) released the results of its latest quarterly survey this week, which polls member firms to assess their upcoming hiring strategies and gauge expectations for economic growth. Fifty percent of the responding companies in the finance, insurance,...

The changing face of American jobs

Posted on Wednesday, January 26, 2011

It's a tense time for many workers as career paths fade away and others emerge This is part of our year-long look at the unemployment crisis and prospects for recovery. If you're a travel agent, bank teller or a file clerk; if you run a printing press, answer a switchboard or work at a sewing ma...

60% Of New Jobs In 2010 Were In Low-Paying Industries

Posted on Saturday, January 15, 2011

Following last week's disappointing job report, investment research group TrimTabs brings us an even sharper picture of an economy not on the verge of an economic recovery. (Hat tip to Zero Hedge.) TrimTabs drills into the Labor Bureau's data for new jobs added in last year, to reveal some unsettin...

Older Workers Are Keeping a Tighter Grip on Jobs

Posted on Saturday, January 15, 2011

THE American work force is getting older. More people over 55 are working while fewer people under that age are employed. The Labor Department’s household survey in December found that 28.2 million people over 55 years of age had jobs, an increase of 7.6 percent from three years earlier, when the ...

We're on Track for Full Employment By ... 2030? 2040?

Posted on Thursday, January 13, 2011

To give you a sense of how deep our employment hole is, consider one statistic: Even if we doubled the rate of December's job growth, we would still only achieve full employment by the mid-2020s. This graph from the Hamilton Project has been circulating the Web, and I'm passing it along. It sh...

The job market: a lost decade

Posted on Thursday, January 13, 2011

WASHINGTON (MarketWatch) — The number of jobs in the U.S. economy today is about the same as 10 years ago. That’s already bad news, but combine it with an ever-growing population competing for those positions, and you see why the unemployment rate has been hovering around 10%. But, as the following ...

'The Truth Behind The Jobless Recovery': Startups Can't Find Funding

Posted on Thursday, January 13, 2011

Even as the nation lacks the jobs to employ millions of workers, one crucial source of job-creation is being squelched: New businesses, which, according to a new study, contribute a fifth of the nation's new jobs, often can't get off the ground. After years of lax lending policies contributed to th...

AP Analysis: Jobs Crisis Still Strong, Economy Will Continue Struggling

Posted on Thursday, January 13, 2011

Higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation's economic stress in November, according to The Associated Press' monthly analysis. One month after economic stress reached an 18-month low nationally, it rose in three-quarters of the 3,1...

High Unemployment Helps Make 2010 Record For Workplace Discrimination Complaints, Resolutions

Posted on Thursday, January 13, 2011

Persistently high unemployment levels and a brutal job market contributed to a record number of workplace discrimination complaints in 2010, the Equal Opportunity Employment Commission reported Tuesday. "I think when people are less likely to find a new job, they're more inclined to file a charge ...

What the Doomsayers Don't Say to You

Posted on Thursday, January 13, 2011

Friday's report on the nation's unemployment situation had a little for the bulls and a little for the bears, when it comes to this nation's economic outlook for 2011. While the unemployment rate plunged in December to 9.4 percent from 9.8 percent, only half of the improvement came from Americans fi...

Job Openings Tumble In November

Posted on Thursday, January 13, 2011

WASHINGTON — Companies planning to ramp up hiring this year will have an added luxury: their choice from a flood of applicants, without having to pay a premium for top talent. Unemployment remains near double digits, and there are nearly five unemployed workers competing for each available job. Tha...

The Most Persistent Myth About The Unemployment Rate

Posted on Thursday, January 13, 2011

Every time the government reports that the unemployment rate declined during the previous month, swarms of Internet users say in forums, comment sections and emails that the only reason the jobs situation seemed to improve is because thousands of people had their unemployment insurance benefits cut ...

AP Analysis: Jobs Crisis Still Strong, Economy Will Continue Struggling

Posted on Thursday, January 13, 2011

Higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation's economic stress in November, according to The Associated Press' monthly analysis. One month after economic stress reached an 18-month low nationally, it rose in three-quarters of the 3,1...

Profits are Booming. Why Aren’t Jobs?

Posted on Wednesday, January 12, 2011

To gaze upon the world of American corporations is to see a sunny place of terrific profits and princely bonuses. American businesses reported that third-quarter profits in 2010 rose at an annual rate of $1.659 trillion, the steepest annual surge since officials began tracking such matters 60 years ...

The Jobs lost in the Great Recession May Return... By 2018

Posted on Wednesday, January 12, 2011

The charade in the bloodied jobs market just won't quit. That's the growing contention--strongly promoted by the White House and Wall Street--that the employment picture is on the verge of taking a decided turn for the better and that it's only a matter of time, thanks to a peppier economy and g...

Where the Jobs Are: The Right Spots in the Recovery

Posted on Tuesday, January 11, 2011

Kent Niederhofer can't find enough mechanical engineers to work for him — in southeastern Michigan. You know, where Detroit is, with its 13.3% unemployment rate. Niederhofer is president of the American branch of Ricardo, an engineering consultancy that designs the power trains of some of the cooles...

Small Business Jobs Half-Way Back To Pre-Recession Levels: Intuit

Posted on Tuesday, January 11, 2011

Hiring grew at a modest pace at America's smallest companies in December, as firms with fewer than 20 employees added 57,000 new jobs to the economy, according to an Intuit report released Tuesday. The increase amounts to a 3.4 percent annual pace. Preparing for Friday's official employment report...

Career Shift Often Means Drop in Living Standards

Posted on Wednesday, January 05, 2011

Even the lucky ones are not so lucky, it seems. A new study of American workers displaced by the recession sheds light on the sacrifices a large number have made to find work. Many, it turns out, had to switch careers and significantly reduce their living standards. “In many cases, these peo...

Jobs Are Trickling In, But Millions Have Given Up Looking For Work

Posted on Wednesday, January 05, 2011

U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high. Friday's employment report is expected to show the pace of payroll growth accelerated last month after a...

Reducing Unemployment in the New Year

Posted on Wednesday, January 05, 2011

As the New Year begins, Congress and the administration will renew their focus on jobs. From Main Street to Wall Street there is agreement that America needs more of them. Near double digit unemployment is painful and discouraging to unemployed and employed Americans. There is bipartisan agreeme...

Depression Economics

Posted on Wednesday, January 05, 2011

________________________________________ If 2008 was the year of the financial crisis, and 2009 the year of the recession, then 2010 was the year of unemployment. The good news is that things are starting to look up, if modestly. The number of workers making initial unemployment claims—a good indic...

Nation's Unemployment Picture Expected to Improve

Posted on Wednesday, January 05, 2011

Experts agree that job creation is critical to getting the housing and mortgage markets back on track – both in curbing delinquencies by ensuring homeowners have the ability to keep up with their mortgage payments and in giving consumers the confidence and security they need to become homebuyers.I...

The Data and the Reality

Posted on Tuesday, January 04, 2011

I keep hearing from the data zealots that holiday sales were impressive and the outlook for the economy in 2011 is not bad. Maybe they’ve stumbled onto something in their windowless rooms. Maybe the economy really is gathering steam. But in the rough and tumble of the real world, where families ...

Weighing Costs, Companies Favor Temporary Help

Posted on Tuesday, January 04, 2011

Temporary workers are starting to look, well, not so temporary. Despite a surge this year in short-term hiring, many American businesses are still skittish about making those jobs permanent, raising concerns among workers and some labor experts that temporary employees will become a larger, mo...

Unemployment and Economic History

Posted on Tuesday, January 04, 2011

If you want to understand what the U.S. faces today with no prospect of bringing unemployment down to 3 or 4 percent you need to read Since Yesterday, Frederick Lewis Allen's book written in 1939 about the Depression years in America. Allen was the editor of Harpers magazine. In 1930 he had writ...

Number Of Uninsured Americans Soars To Over 50 Million

Posted on Tuesday, January 04, 2011

Less than a year ago, Francis Campos-Dunn was still working at a county hospital in the San Francisco Bay Area, helping patients navigate the often-maddening bureaucracy required to draw on their health insurance. These days, she has a new set of problems to navigate: how to manage her own care with...

Does Unemployment Lead to Less Healthy Diets?

Posted on Tuesday, January 04, 2011

I. A new National Bureau of Economic Research paper suggests that increases in unemployment lead to a decrease in fruit and vegetable consumption, with potentially long-lived effects on workers’ health. “Among those who are predicted to be at the highest risk of unemployment, a one percentage point...

Blaming the Economy's Victims for Economic Crimes

Posted on Thursday, December 23, 2010

This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF Blame the unions, blame the unemployed, blame loans to the poor, blame the government. As income and wealth increasingly go to a few at the top, public anger is directed at the e...

Weighing Costs, Companies Favor Temporary Help

Posted on Monday, December 20, 2010

Temporary workers are starting to look, well, not so temporary. Despite a surge this year in short-term hiring, many American businesses are still skittish about making those jobs permanent, raising concerns among workers and some labor experts that temporary employees will become a larger, more...

College, Jobs and Inequality

Posted on Tuesday, December 14, 2010

Searching for solace in bleak unemployment numbers, policy makers and commentators often cite the relatively low joblessness among college graduates, which is currently 5.1 percent compared with 10 percent for high school graduates and an overall jobless rate of 9.8 percent. Ben Bernanke, the chairm...

A Decline in Self-Employment

Posted on Tuesday, December 14, 2010

The share of Americans working for themselves has fallen since the recovery began, according to the Labor Department. The following chart, from Steven F. Hipple, an economist at the Bureau of Labor Statistics, shows the quarterly rates of self-employment over the last decade. The figure for th...

Losing a Job, Mourning a Lifestyle

Posted on Monday, December 13, 2010

AS a therapist in private practice and a volunteer at a free mental health clinic in Los Angeles, I have become aware of a new group of severely depressed people: those who have lost their jobs in the entertainment industry. Their skills have become dispensable in this economy, and their sense of...

Unemployed, Out Of Benefits: 'If Anything Happens, I'm Really Screwed'

Posted on Monday, December 13, 2010

WASHINGTON -- Karen Good said she lost her job at a nonprofit in Florida almost exactly two years ago and just last month finished her 99th week of unemployment benefits. Job search: hopeless. "I'm strong and healthy but nobody wants to hire somebody my age," said Good, who will be 62 in two week...

The Problem with Men: A Look at Long-term Employment Trends

Posted on Wednesday, December 08, 2010

The November employment numbers, released today by the Labor Department, show continued weakness in the labor market. The economy added only 39,000 jobs last month, not nearly enough to absorb new entrants let alone to make headway at reducing the pool of the unemployed. As a result, the unemploymen...

Unemployment Benefits Cutoff - Heartless Or Tough Love?

Posted on Wednesday, December 08, 2010

This week, Congress allowed federal unemployment benefits for millions of out-of-work Americans to expire to as it failed to pass an extension on those benefits for another year. The below was featured as one of a collection of opinions in POLITICO that discuss whether those benefits actually furthe...

Creating 21st Century Jobs: Increasing Employment and Wages for American Workers in a Changing World

Posted on Wednesday, December 08, 2010

The U.S. labor market has not delivered for many Americans since the early 1970s. Over the whole period, the real wage of the median worker is largely unchanged, and the real earnings for non-college educated workers have declined. At the same time, the wages of the highly skilled have increased dra...

Does Outsourcing Create Jobs?

Posted on Wednesday, December 08, 2010

A recent op-ed in the Wall Street Journal declared: "The fact is that for every job outsourced to Bangalore, nearly two jobs are created in Buffalo and other American cities." This article, and others like it, asserts that while outsourcing may send some jobs overseas it simultaneously creates more ...

American Voices On Making The Economy Move

Posted on Wednesday, December 08, 2010

WASHINGTON — It seems Washington is all ears these days. President Barack Obama says he'll take a great idea to fix the economy anywhere he hears it. The Republican leaders in Congress can't say enough how determined they are to "listen to the American people." OK. Here goes. We want less debt,...

A Frightening Look At The Labor Market Recovery

Posted on Wednesday, December 08, 2010

After Friday's grim jobs data, which showed that the U.S. added just 39,000 net jobs in November, it's worth noting again just how severely the recession has impacted the job market. This disturbing chart -- repeatedly referred to as "the scariest job chart ever" by Henry Blodget -- from Calcula...

Obama, economy stuck in a ditch

Posted on Wednesday, December 08, 2010

The White House had some cause to look forward to Friday’s jobs report: Even the most conservative estimates of November gains were north of 100,000, suggesting the mythical economic “pivot point” towards an accelerated recovery would finally arrive. But economists, who had collectively settle...

The U.S. Cities Hit Hardest By The Recession:

Posted on Wednesday, December 08, 2010

LAS VEGAS (AP) -- An international study says Las Vegas has one of the worst economies in the world, and prospects for a rapid recovery appear dim. The Brookings Institution and London School of Economics study ranked Las Vegas fifth from the bottom in a ranking of 150 metropolitan areas, citing a ...

Unemployment Climbs, No Relief In Sight

Posted on Tuesday, December 07, 2010

NEW YORK -- The American unemployment rate rose to 9.8 percent in November and the economy added a paltry 39,000 net jobs, the government reported this morning, dealing a substantial blow to hopes that better fortunes are taking shape. Many economists had been expecting to see the number of jobs ...

Employers Won't Hire The Jobless Because Of The 'Desperate Vibe'

Posted on Tuesday, December 07, 2010

WASHINGTON -- Isang Inokon, a headhunter for Amherst Healthcare recruiting firm, posted a Craigslist job ad on November 18 for clinical pharmacists -- but only the kind who already have jobs. "Do yourself and favor and start looking now," he wrote in the ad. "When you lose your job, you will interv...

Unemployed, and Likely to Stay That Way

Posted on Friday, December 03, 2010

That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. This country has some of the highest levels of long-term unemployment — out of work longer than six months — it...

Bailouts Are For Banks: Unemployed People Get Zilch

Posted on Friday, December 03, 2010

In Washington, the agenda has long since moved on from bailing out megabanks to figuring out how to stop paying for things that regular people need -- luxuries like health care, retirement benefits and unemployment insurance. In the suburbs of Denver, Anthony Roebuck and his family find themselves ...

Bernanke: Long-Term Unemployment Has Severe 'Social Consequences'

Posted on Friday, December 03, 2010

Federal Reserve Chairman Ben Bernanke warned on Tuesday that a long period of high unemployment could exact a steep social cost, as he and other Fed officials defended the central bank against criticism of its easy money policy. Minneapolis Fed President Narayana Kocherlakota said the Fed's cont...

The 10 States That Could Be The Hardest Hit By A Lapse In Unemployment Benefits

Posted on Friday, December 03, 2010

By 24/7 Wall Street: More than 2 million people receiving unemployment will lose coverage in December if Congress does not extend their benefits. In a report published in November, the Center on Budget and Policy Priorities (CBPP) concluded that certain federal unemployment benefits "will still be a...

S. Fla. loses 9,800 construction jobs in 12 months

Posted on Friday, December 03, 2010

South Florida lost nearly 10,000 construction jobs in the last year, according to an analysis of federal employment data by Associated General Contractors of America. The picture was a bit brighter in other parts of the country, where construction employment either increased or remained the same be...

Unemployed, and Likely to Stay That Way

Posted on Friday, December 03, 2010

The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. This country has some of the high...

Unemployed, and Likely to Stay That Way

Posted on Friday, December 03, 2010

The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. This country has some of the high...

Unemployment Problem Will Not Clear Up in Time to Make President Obama Look Good

Posted on Wednesday, December 01, 2010

Even though corporate profits are soaring, the economy isn't growing fast enough to lower the unemployment rate, which is still stuck at an unsightly 9.6 percent. In fact, the Federal Reserve projected yesterday that a stubbornly high unemployment rate is going to stick around long after overstaying...

Outsourcing And Age Discrimination Are Biggest Concerns Among Jobless, Says Monster.com Rep

Posted on Wednesday, December 01, 2010

WASHINGTON -- On Monday, November 8, Monster.com and the White House collaborated on a Facebook project that allowed unemployed people to communicate their biggest questions and concerns to the Obama administration. Over 200 questions were posted to the Monster Keep America Working Facebook page, ...

When Unemployment Hits, and Lingers

Posted on Wednesday, December 01, 2010

Joblessness in New York is not a recent phenomenon. Since the Sept. 11 terror attacks, the city has been shedding jobs. But as recently as two years ago, the city’s jobless rate was 5.8 percent; it is now 9.3 percent, down from 10.6 percent in January. And unemployment affects New Yorkers dispro...

Outsourcing And Age Discrimination Are Biggest Concerns Among Jobless, Says Monster.com Rep

Posted on Monday, November 22, 2010

WASHINGTON -- On Monday, November 8, Monster.com and the White House collaborated on a Facebook project that allowed unemployed people to communicate their biggest questions and concerns to the Obama administration. Over 200 questions were posted to the Monster Keep America Working Facebook page, an...

When Unemployment Hits, and Lingers

Posted on Monday, November 22, 2010

Joblessness in New York is not a recent phenomenon. Since the Sept. 11 terror attacks, the city has been shedding jobs. But as recently as two years ago, the city’s jobless rate was 5.8 percent; it is now 9.3 percent, down from 10.6 percent in January. And unemployment affects New Yorkers dispropo...

Bernanke: Fed Program Could Help Create 1 Million Jobs

Posted on Friday, November 19, 2010

The Federal Reserve's efforts to stimulate the economy could lead to the creation of as many as 1 million jobs, Fed chairman Ben Bernanke said, according to Senator Richard Shelby (R - Alabama), Bloomberg reports. The quantitative easing program, in which the Fed will buy up to $600 billion of U.S....

Lost Your Job? Get Lost!

Posted on Friday, November 19, 2010

Here's a blunt message for millions of Americans who have lost their jobs and had no success finding a new one: You don't have a problem; you are the problem. This lie has been promoted for years by far-right pundits and you can be sure it will get a huge popularity boost from the wave of Republican...

Paul Volcker: Unemployment Has No Short-Term Solution

Posted on Thursday, November 11, 2010

Huffington Post BEIJNG (AP) -- A top economic adviser to President Barack Obama said Tuesday he sees no short-term way to reduce high U.S. unemployment and expects slow growth for the near future. The comments from Paul Volcker come after the Federal Reserve announced last week that it would purch...

There Aren't Enough Jobs For 4 Out Of 5 Unemployed Americans

Posted on Thursday, November 11, 2010

There simply aren't enough jobs to employ four out of five unemployed Americans, according to recent data from the Bureau of Labor Statistics. The total number of available jobs in September was 2.9 million, according to a BLS report released Tuesday. It's a decline of 163,000 job openings from the...

Extended Unemployment Could Outlast Extended Unemployment Insurance

Posted on Monday, November 08, 2010

WASHINGTON -- The government announced Friday morning that the unemployment situation barely changed in October. The unemployment rate has been stuck above nine percent for a year and a half as nearly 15 million people are out of work. They will remain so for the foreseeable future, according to mos...

New Figures Detail Depth Of Unemployment Misery, Lower Earnings For All But Super Wealthy

Posted on Wednesday, October 27, 2010

Huffington Post One out of every 34 Americans who earned wages in 2008 earned absolutely nothing -- not one cent -- in 2009. The stunning figure was released earlier this month by the Social Security Administration, but apparently went unreported until it appeared today on Tax.com in a column by P...

No End in Sight

Posted on Thursday, October 21, 2010

With no end in sight to the nation’s high unemployment, the government program to help the jobless is heading for a crash. And with Democrats and Republicans now divided over what used to be routine extensions of unemployment insurance benefits, there’s little prospect anytime soon for the sort of...

New Challenges for a Nationwide Recovery

Posted on Thursday, October 21, 2010

Michael Greenstone, Director, The Hamilton Project and Senior Fellow, Economic Studies Adam Looney, Senior Fellow, Economic Studies, and Policy Director, The Hamilton Project The Brookings Institution Today’s release of September’s jobs numbers confirms what we all know – too many American work...

11.5 Million Jobs Short

Posted on Wednesday, October 13, 2010

Even though the unemployment rate remained flat at 9.6 percent in September, the labor market would now need to add a total of about 11.5 million jobs to restore the pre-recession rate, according to analysis from Heidi Shierholz, an economist with the Economic Policy Institute. The economy lost abo...

Austan Goolsbee's Opinion

Posted on Monday, September 20, 2010

White House economist Austan Goolsbee, who was elevated to chairman of the Council of Economic Advisers (CEA) last week, acknowledged on “Fox News Sunday” that the country may face a protracted job shortage. “I don't think the unemployment rate will be coming down significantly at any time in the ne...

Digging Deeper

Posted on Tuesday, September 14, 2010

AMERICANS are used to thinking of their job market as lithe and supple. Employment snaps back quickly after recessions. Workers routinely shuttle between industries and cities to wherever jobs are abundant. But in the past decade, the labour market has resembled an ageing athlete. Each new injury is...

NYT Op Ed Chimes In

Posted on Tuesday, September 14, 2010

Op-Ed Columnist A Recovery’s Long Odds By BOB HERBERT Published: September 13, 2010 Robert Reich, in his new book, “Aftershock,” gives us one of the clearest explanations to date of what has happened — how the United States went from what he calls “the Great Prosperity” of 1947 to 1975 to the Gr...

and IT

Posted on Tuesday, September 14, 2010

Economics focus Automatic reaction IT spending has hollowed out labour markets, to the detriment of middle-income workers Sep 9th 2010 AN ODDLY entrancing YouTube video of a robot folding a pile of freshly laundered towels has been viewed over half a million times. Although it does this quot...

Pink Slip

Posted on Friday, September 10, 2010

You're Laid Off A Worsening Economy Couldn't Come at a Worse Time for Many U.S. Workers by Richard Morin, Senior Editor, Pew Social and Demographic Trends Project At a time when the American economy is trending down and the unemployment rate is ticking up, one out of every seven U.S. workers fe...

The Case For Revenue Sharing

Posted on Monday, August 30, 2010

Published in the NYT PROTRACTED unemployment is eating away at millions of people. And the economy’s failure to create enough jobs for them is part of a vicious circle that could keep turning for years to come. In my last column, I called for big, temporary government programs aimed directly...

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