unemployment

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Unemployment Rises to 8.3%
 Unemployment Rises to 8.3% 
Aug 3, 2012 7:46 AM CDT

Unemployment Rises to 8.3%

Economy added 163K jobs in July

(Newser) - The good news: The economy added 163,000 jobs last month, which the AP calls a "hopeful sign" considering how slow the past three months of hiring have been. That makes July the best month of hiring since February. But in adding an average of 151,000 jobs a...

Muddled GOP Demands '6% Employment'

Democrats gloat over pair of typos

(Newser) - House Republicans won't stand for any new regulations until the employment rate drops to 6%, thus putting unemployment at 94%. At least that's what a typo in a new bill suggested—they meant unemployment, the Hill reports. Democrats spotted the error, and the bill's sponsors rushed to...

Canned Obese Employee Sues, Gets $55K

680-pound Ronald Kratz II says he was fired for being fat

(Newser) - When 680-pound Ronald Kratz II got fired from his job, he was pretty sure it was for being too fat. Now his old company is giving him $55,000 and six months of outplacement services in a legal settlement, reports the Houston Chronicle . With the help of the US Equal...

Obama Plans 'Reverse Boot Camp' for Vets

New program looks to reduce high unemployment some vets face

(Newser) - The Transition Assistance Program for US service members leaving the military is getting an overhaul, expanding into what President Obama is calling a "reverse boot camp" for veterans, reports NBC News . TAP's three-day workshop will be expanded to five or seven, with more sessions on career options and...

US Poverty Rate to Hit Highest Since 1960s

Economists think it'll hit 15.7% this year

(Newser) - 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. The AP surveyed more than a dozen economists, think tanks, and academics,...

Bernanke Predicts 7% Unemployment in 2014

Dour Fed gives no clue as to quantitative easing plans

(Newser) - Ben Bernanke sounded a dour note in his testimony before Congress today, predicting slow growth and stubbornly high unemployment, with no hint that the Fed intended to do anything about it. "The US economy has continued to recover, but economic activity appears to have decelerated somewhat," he said,...

Meet &#39;Generation Screwed&#39;
 Meet 'Generation Screwed' 
OPINION
Jul 16, 2012 1:56 PM CDT

Meet 'Generation Screwed'

Past generations have made things hard for millennials: Joel Kotkin

(Newser) - Today's youth is known as the Millennial Generation, but they may as well be called Generation Screwed. In the Daily Beast , Joel Kotkin runs down depressing statistic after depressing statistic showing that "their parents' fiscal profligacy and economic mismanagement" has doomed young people:
  • The median net worth of
...

More US Firms Not Hiring— Thanks to Europe?

Just 23% of firms plan hiring in next 6 months, down from 39% in April

(Newser) - US firms are getting nervous about the transatlantic effects of Europe's debt crisis—and fewer of them foresee hiring anytime soon. In early April, 39% of US companies polled planned to hire sometime within the next six months; by June that figure was down to 23%, the National Association...

80% of New Jobs Since 2009 Have Gone to Men

More men moving into retail sector

(Newser) - Men were hit hardest by job losses during the recession, but they have been way ahead of women in landing newly created jobs since the downturn officially ended in June 2009, the Los Angeles Times finds. Some 80% of the 2.9 million jobs created over the last three years...

America's New Jobless: Glut of Science PhDs

Science jobs declining as PhDs surging

(Newser) - President Obama, like a lot of politicians and pundits, likes to say that America's future lies with science, advocating for more young people to go into research. But the truth is that the supply of PhDs has been vastly outpacing the job market for years, resulting in a glut,...

Obama, Romney Trade Fire on Jobs Report

It's a 'kick in the gut' or a 'step in the right direction'

(Newser) - It's the first Friday of the month, which means President Obama and Mitt Romney are trading accusations about a weak jobs report :
  • Obama: The jobs growth may be tepid, but "it's a step in the right direction," he said in Ohio. "It's still tough
...

Just 80K New Jobs: Unemployment Sticks at 8.2%

June jobs report bad news for Obama

(Newser) - Experts had estimated 100,000 new jobs last month, but the June jobs report shows just 80,000 added, the Wall Street Journal reports. The unemployment rate remained unchanged at 8.2%—and neither number is good news for President Obama. Even 100,000 new jobs would have been "...

Unemployment Taking Toll on Middle-Aged

Rate of those jobless over long term is 'unprecedented'

(Newser) - The unemployment rate among younger workers may be higher, but economists are equally worried about those who are middle-aged and out of work, reports the Wall Street Journal . That's because the years between 45 and 60 should be prime earning years, a time when parents might well be trying...

2010 Clinton Speech Could Trip Obama Today

Because he's giving his speech today in the same place

(Newser) - President Obama is set to give a speech in Ohio today, but his choice of venue might prove kind of awkward. Bill Clinton spoke at the same Cleveland-area community college ahead of the 2010 elections, USA Today points out, and he said these unwise-in-hindsight words: "We found a big...

Wages Flat Since Obama Took Office

It could be big topic tomorrow, as Romney declares 'talk is cheap'

(Newser) - Wages have stayed virtually frozen since President Obama took office, a fact that Politico notes is starting to get some traction on the campaign trail. When adjusted for inflation, the average hourly wage has crept up a meager 42 cents to $23.41 since 2008. High unemployment is a factor,...

Jobs Report as Bad as Can Be
 Jobs Report as Bad as Can Be 
OPINIONs
Jun 1, 2012 12:43 PM CDT

Jobs Report as Bad as Can Be

And it's very bad news for the White House

(Newser) - You don't have to look at the sinking Dow—which is now in negative territory for the year—to get a sense of just how bleak today's jobs report was. A glance at financial blogs offers a depressing reminder:
  • Felix Salmon, Reuters : It's "about as bad
...

Dow Plummets 200+ Points
 Dow Plummets 200+ Points 
Jun 1, 2012 10:07 AM CDT

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Unemployment Back Up to 8.2%
 Unemployment Back Up to 8.2% 
Jun 1, 2012 7:39 AM CDT

Unemployment Back Up to 8.2%

And US employers added just 69K jobs

(Newser) - Today's jobs report brings very unwelcome news: US employers added just 69,000 jobs last month, the lowest number in a year, and the unemployment rate ticked up to 8.2% from April's 8.1%, the first increase in 11 months. The Labor Department also had grim news...

20K Apply for 877 Hyundai Jobs in Alabama

Some 7K may get interviews

(Newser) - A sobering reminder of continuing unemployment: There are 877 jobs available at an Alabama Hyundai plant—and almost 20,000 people had applied for them by early last week. The number of applications forced the plant to stop accepting applications May 18, weeks before the June 2 due date. Now...

The Jobless Stat You Should Worry About

People in their prime working years aren't finding jobs

(Newser) - The unemployment rate may be improving, but that doesn't mean the job market is, and there's one group in particular that's having an alarmingly hard time finding work: People in their prime working years. Only 75.7% of people aged 25 to 54 have jobs, the Washington ...

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