unemployment

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Cain: Racism&#39;s No Biggie
 Cain: Racism 
 Is No Biggie 
Oct 10, 2011 4:36 AM CDT

Cain: Racism Is No Biggie

People 'sometimes hold themselves back,' use racism as 'excuse'

(Newser) - Herman Cain insisted in an interview yesterday that racism in America isn't significantly impeding economic progress for minorities. “I don't believe racism in this country today holds anybody back in a big way,” the presidential candidate declared on CNN . Many "have a level playing field,...

US Incomes Fell More After Recession Than During It

Median household income down 6.7% between June 2009, June 2011

(Newser) - US incomes continued to fall after the 2007 recession was declared over—at an even steeper rate than during the recession, according to a recent analysis. Inflation-adjusted median household income fell 6.7% between June 2009 and June 2011. During the two-year recession, incomes fell 3.2%. The full four-year...

Jobs Report: Unemployment Rate Still 9.1% as Economy Adds 103K Jobs
 Unemployment Holds at 9.1% 
Oct 7, 2011 7:56 AM CDT

Unemployment Holds at 9.1%

Economy needs to add even more jobs to keep up with population growth

(Newser) - Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer, but the unemployment rate stayed at 9.1% for the third straight month. Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs. The private sector...

The New Obama Gives &#39;em Hell
 The New Obama Gives 'em Hell 
Analysis
Oct 5, 2011 11:10 AM CDT

The New Obama Gives 'em Hell

Democrats rejoice as president goes on the attack

(Newser) - On Labor Day, Carl Levin gave President Obama the text of a speech by Harry Truman—who won reelection despite a bad economy by attacking Republicans so viciously that he earned the nickname “Give ‘Em Hell Harry.” Ever since, Obama’s been giving Republicans hell, the Washington ...

Hire Local? Farmers Who Seek US Workers Hit Hard

Even with high unemployment, Americans walk off too-hard job

(Newser) - John Harold is trying to do the right thing when it comes to harvesting his 1,000-acre Colorado farm, by hiring only legal foreign workers and, this summer, offering more positions to unemployed locals. But “it didn’t take me six hours to realize I’d made a heck...

Starbucks Wants You to Pay $5 More for Coffee

All in the name of stimulating job growth

(Newser) - Hey Frappuccino drinker, can you spare a fiver? Starbucks is hoping that its customers will begin ponying up an extra $5 beginning next month. No, not because that grande drink now costs $8. Starting Nov. 1, Starbucks will accept donations of $5 or more to its "Jobs for USA"...

Hallmark Launches Unemployment Sympathy Cards

Cartoon creatures tell jobless to cheer up

(Newser) - If unemployment figures don’t depress you enough, try this news: Hallmark now has a line of sympathy cards specifically directed at those who’ve lost their jobs, Mediaite reports. One features a dog suggesting that the recipient not “think of it as losing your job.” Instead, “...

Boehner Disses Obama Plan as Not 'Pro-Growth'

He also renews his call for a simplified tax code

(Newser) - John Boehner took his first swings at the Obama jobs plan today, calling it “a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America.” Boehner criticized the "host of new tax credits" it proposes, which he complained would “...

GOP Rep's Jobs Bill Would Abolish Corporate Taxes

Gohmert's plan beats Obama's to House

(Newser) - Louie Gohmert and President Obama's plans to get Americans back to work have the same name—the American Jobs Act of 2011—but that's where the similarities end. Rep. Gohmert, a Republican from Texas, introduced legislation to the House yesterday that would reduce the corporate tax rate from...

Bank of America to Cut 30K Jobs
 Bank of America 
 to Cut 30K Jobs 
the official plan
Sep 12, 2011 11:15 AM CDT

Bank of America to Cut 30K Jobs

Aims to save $5B per year

(Newser) - The rumored cuts ranged from 10,000 to 40,000 jobs. The reality is somewhere on the upper end: Bank of America says it will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The troubled bank expects many of...

Obama Plan Would Bring 1.9M Jobs: Moody's

Would grow economy 2%, says expert

(Newser) - President Obama’s jobs plan would put some 1.9 million people back to work and grow the economy 2%, says Moody’s chief economist. The plan could slice the unemployment rate by a percentage point, adds Mark Zandi, whose analysis comes as the president heads to Virginia to...

What to Watch for in Obama's Jobs Speech

Can the president appease his base and Republicans at once?

(Newser) - President Obama gives his much-hyped jobs speech tonight, and though the stakes are high, expectations are pretty low . Obama’s “task is nearly impossible,” Politico writes: “appease liberals, appeal to independents, win over some Republicans and make a compelling case to Washington-weary voters.” Here’s what...

Tax Relief, Public Works to Drive $300B Jobs Plan

School renovations, unemployment benefit extension part of strategy

(Newser) - President Obama plans tomorrow to unveil a $300 billion jobs strategy that will involve tax relief for workers and spending on public works projects such as road repair and school renovations to put America back to work, according to sources familiar with the plan. Half of the stimulus will come...

Obama to GOP: Pass Jobs Program

President says jobless construction workers can build roads, bridges

(Newser) - President Barack Obama said today that congressional Republicans must put their country ahead of their party and vote to create new jobs as he used a boisterous Labor Day rally to aim a partisan barb at the GOP. In a preview of the jobs speech he will deliver on Thursday...

Amazon to California: Ditch Tax, Get 7K Jobs

State senate, local retailers hostile to offer

(Newser) - Amazon has got a tempting offer for California, which is battling the nation’s second-highest unemployment rate: If the state delays a new online sales tax for two years, the Internet retailer will bring 7,000 new jobs to the Golden State. Amazon would also halt its push for a...

US Added No New Jobs Last Month

Unemployment remains at 9.1%

(Newser) - Following a depressing economic forecast from the White House budget office, today's jobs report brings even more depressing news: For the first time in nearly a year, the US economy added no net jobs last month. The government lost 17,000 jobs while the private sector added just 17,...

White House: Jobs Won't Be Back Until 2017

Estimate acknowledges weakness in economy

(Newser) - If you’re waiting for the economy to get back to normal, the White House has a message for you: Don’t hold your breath. The White House budget office released its midyear economic forecast yesterday, and it wasn’t pretty, predicting that unemployment will remain at 9% next year,...

Obama Blinks, Reschedules Jobs Talk

He switches day at John Boehner's request

(Newser) - Chalk up another one for the Republicans. In the standoff over President Obama's schedule for his urgent jobs speech, Obama blinked. He has agreed to move the date a day later, to next Thursday, which is the same time as the NFL season opener. John Boehner complained about the...

Obama Asks to Unveil Jobs Plan to Congress

He wants to address joint session on Sept. 7

(Newser) - Congress will hear about President Obama's plan to create jobs directly from the source: He has asked to address a joint session at 8pm EST on Sept. 7, reports the Hill . His plan would be delivered on the same night and the same time as a GOP presidential debate...

Obama Scrambles for Jobs Plan
 Obama Scrambles for Jobs Plan 
Aug 30, 2011 7:59 AM CDT

Obama Scrambles for Jobs Plan

But problem may be too big to fix

(Newser) - As he announced the appointment of Alan Krueger yesterday, President Obama promised a speech outlining his new jobs agenda next week—but behind the scenes, Obama and company haven’t actually agreed on that agenda yet, the Washington Post reports. The president is considering a number of options, including a...

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