unemployment

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500K Jobless Lose Benefits Earlier Than Expected

...in just the first 6 months of 2012

(Newser) - Come June, about 70,000 people will lose long-term unemployment benefits sooner than they expected, bumping the number of people who've had the rug pulled out from under them in the first six months of the year to nearly 500,000, the New York Times reports. Congress renewed its...

Romney Promises 6% Unemployment

First term would bring a vast improvement, he assures 'Time'

(Newser) - Talk about an ambitious campaign promise: Mitt Romney today assures the American people that should he be elected, the unemployment rate would fall to 6% during his first term. "I can tell you that over a period of four years, by virtue of the policies that we'd put...

Youth Unemployment Near 2009 Peak

May not change before 2016 worldwide

(Newser) - Overall jobless numbers may be showing some improvement, but among youths worldwide, things are nearly as bad as they were at their 2009 peak. Some 12.7% of people ages 15 to 24 —almost 75 million youths—are set to be unemployed this year, the International Labor Organization says....

236K Lose Jobless Benefits
 236K Lose Jobless Benefits 
May 14, 2012 9:53 AM CDT

236K Lose Jobless Benefits

Some of country's hardest hit states see benefits expire

(Newser) - Unemployment benefits abruptly dried up for 236,300 people this weekend, as federal support for the long-term unemployed expired in some of the country's hardest-hit states. Thanks to a law Congress passed in February, long-term benefits are being scaled back from 99 weeks to 79 weeks, the Hill explains....

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

(Newser) - The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "...

Spain Sinks Back Into Recession

Unemployment tops 24%, officials committed to further cuts

(Newser) - Hot on the heels of Britain's slide back into recession , now Spain is officially in its second recession in three years, reports the BBC . Spain's National Statistical Institute said the economy shrank 0.3% last quarter, following a 0.3% contraction in the fourth quarter of 2011. As...

Walker's Wisconsin Lost Most Jobs in Nation

Statistic expected to boost recall effort

(Newser) - Wisconsin Gov. Scott Walker's efforts to keep his job took a hit this week by way of a report showing how many voters lost theirs. Between March 2011 and March 2012, the state lost 23,900 jobs, more than any other state in the nation, according to the Bureau...

Smile: People Are Quitting Their Jobs

It's a sign of economic confidence

(Newser) - February saw 2 million Americans quit their jobs—the most since November of 2008. And that's a very good sign for the rest of us, the Wall Street Journal notes. Quitting points to confidence in the economy, analysts say: If people don't think they'll be hired elsewhere,...

Romney Misleads With Women Jobs Stat

 Romney 
 Misleads With 
 Women Jobs Stat 
Fact Check dept.
Apr 12, 2012 11:11 AM CDT

Romney Misleads With Women Jobs Stat

His 92.3% number is technically correct, but missing context

(Newser) - As part of his recent bid to appeal to women, Mitt Romney deployed what he called an "amazing statistic," saying that "92.3% of all the jobs lost during the Obama years have been lost by women." If that made your eyebrows climb your forehead, you'...

Unemployment Drops to 8.2%
 Unemployment Drops to 8.2% 
Apr 6, 2012 7:42 AM CDT

Unemployment Drops to 8.2%

But economy adds just 120K jobs

(Newser) - The unemployment rate dropped to 8.2% last month, but the economy only added 120,000 jobs, when 203,000 new jobs had been predicted, according to today's jobs report. Reaction on the Wall Street Journal's MarketBeat Blog was swift: "Woah!!! Bad number." The unemployment rate,...

Big Hiring Back at Colleges
 Big Hiring Back 
 at Colleges 
Apr 2, 2012 12:24 AM CDT

Big Hiring Back at Colleges

Interviews, wages all up more than expected, say experts

(Newser) - In another sign that the recovery is picking up speed, university graduate hiring is way up this spring, surging 10.2% from last year, reports Reuters . The National Association of Colleges and Employers had expected grad hiring to rise, but previously predicted 9.5%. Around the country, universities' career services...

Santorum: I Don't Care About Unemployment

Well, yes he does, he explains after gaffe

(Newser) - Rick Santorum had a pretty big oops moment yesterday while campaigning in Illinois, when he boldly stated, "I don't care what the unemployment rate's going to be. Doesn't matter to me." His campaign "doesn't hinge on unemployment rates and growth rates," apparently....

Jobless Claims Drop, Reach 4-Year Low
Jobless Claims Drop,
Reach 4-Year Low
Mar 15, 2012 11:37 AM CDT

Jobless Claims Drop, Reach 4-Year Low

Meanwhile, consumer confidence is rising

(Newser) - A bit more good news on the unemployment front: The number of people filing new claims for jobless benefits dropped by 14,000 last week, about triple the figure analysts expected, reports the Wall Street Journal . The total of 351,000 matches a four-year low, notes Bloomberg . The trend seems...

Unemployment Steady at 8.3%
 Unemployment Steady at 8.3% 
Mar 9, 2012 7:44 AM CST

Unemployment Steady at 8.3%

Economy adds 227K jobs in February, more than expected

(Newser) - The unemployment rate held steady at 8.3% in February as had been expected, today's jobs report shows. And good news: The economy added 227,000 jobs last month, when only 213,000 had been expected, the Wall Street Journal reports, noting that stock futures were up after the...

Wages of Young Workers Declining

They're down over the last decade, in contrast to overall numbers

(Newser) - The group getting hit the hardest by plummeting wages caused by high unemployment is the young. The hourly pay for male college graduates ages 23 to 29 fell 11% over the past decade to $21.68 while their female counterparts saw a dip of 7.6% to $18.80, reports...

Congress Strikes Payroll Tax Deal

Pension, health care issues final sticking points

(Newser) - Congressional negotiators have reached a deal on a $150 billion economic bill that will extend the payroll tax holiday through the end of the year, while also extending unemployment benefits and preventing an automatic cut in doctors' Medicare reimbursements. Congress could vote on the bill as soon as today, the...

Which Path for Obama— Reagan or Bush the Elder?

Economy could propel him to re-election, or doom him

(Newser) - The better-than-expected jobs report yesterday lifts President Obama's chances of re-election, but the Wall Street Journal points out that he's going to need more good news if history is any guide. It could go one of two ways, a la Ronald Reagan or George HW Bush. At the...

In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

(Newser) - The unemployment rate had been expected to hold steady at 8.5%, with just 125,000 jobs added—instead, unemployment fell to 8.3% and 243,000 jobs were added last month, according to January's better-than-expected jobs report. The report has Wall Street Journal bloggers particularly effusive: "America'...

Why Obama&#39;s Not Inevitable
 Why Obama's 
 Not Inevitable 
Analysis
Feb 2, 2012 12:59 PM CST

Why Obama's Not Inevitable

There are plenty of reasons the president should be worried

(Newser) - Democrats, and many pundits, seem to believe that President Obama is rebounding, and will surely win re-election, but Jim Vandehei of Politico isn't buying it. Here's why he thinks the president should be sweating right now:
  • The economy: The recent CBO report not only projected another trillion-dollar deficit,
...

Average Isn&#39;t Good Enough Anymore in America
Average Isn't Good Enough Anymore in America
Thomas Friedman
Jan 25, 2012 12:57 PM CST

Average Isn't Good Enough Anymore in America

Globalization, technology have pushed out the average guy

(Newser) - Once upon a time, an average worker with average skills could expect an average lifestyle in America—but not anymore. "Today, average is officially over," writes Thomas Friedman of the New York Times . Average people can't expect the lifestyle they used to enjoy, because "employers have...

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