Unemployment
Harsh Future For Many Soon to Lose Jobless Benefits -99 Weeks of Unemployment Benefits
Xernna Nieves, her four children and her sister have for the past eight months lived in a single, cramped hotel room just outside of Atlanta.
Nieves, her sister and the two youngest children, both girls, sleep four to a bed. The boys, 15 and 12, sleep on the floor. In such close quarters, “We’re getting on […]
Treasury Secretary Timothy Geithner:Unemployment to stay ‘unacceptably high’
WASHINGTON — The U.S. unemployment rate, currently at 9.7%, will remain “unacceptably high” for some time to come, U.S. Treasury Secretary Timothy Geithner said Thursday.
“The unemployment rate is still terribly high and it’s going to stay unacceptably high for a long period of time,” Mr. Geithner said on NBC’s “Today” Show.
(Excerpt) Read more at montrealgazette.com
38 million Americans on Food Stamp
How well can a family of four eat on just $68.88 a week? For more than 38 million Americans, it’s more than a matter of conjecture.
With job growth and the economy still only sputtering along, a record number of Americans have turned to the Supplemental Nutrition Assistance Program, the formal name for federal food stamp […]
Current High Unemployment Rate to Remain Same ‘Years From Now’ Says Santelli (Video)
A little over a year ago, President Obama signed into law the $787-billion stimulus legislation that was supposed to prevent the unemployment rate from exceeding 8 percent. And although the unemployment has receded some from its high, it’s still well North of 9 percent. So if that stimulus is given more time, will unemployment improve?
Last […]
JOBLESS CLAIMS RISE AGAIN
The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according […]
15.2%: HIGHEST UNEMPLOYMENT FOR YOUNG SINCE 1948
When Maurice Johnson was laid off a year ago from his six-figure salary as a managing director at GE Capital, it wasn’t his future he was worried about.It was his children’s.
The family income of the Johnsons is a fifth of what it used to be. And the children are about to feel the pain. Mr. […]
March Unemployment Rate Unchanged At 9.7% [6.5+M Unemployed Over 6 Months-Record High!]
March Unemployment Rate Unchanged At 9.7%
The official U.S. unemployment rate in March remained unchanged at 9.7 percent, the Labor Department’s Bureau of Labor Statistics said Friday.
A total of 162,000 new jobs were created on non-farm payrolls–the biggest one-month jobs gain in the past three years, but still well below what economists were predicting.
Most forecasters had […]
Another “Unexpected” Economic Data: March Employment Report
Total non-farm employment increased by 162,000 which is “unexpectedly” below estimates of 190,000 to 200,000. The three top gains were in: Temporary Help +40K, Health + 37, and of course government (Census workers) +39. The unemployment rate was unchanged at 9.7%. The broad measure of unemployment increased from 16.8% to 16.9%. Way to go Zero!
Employment […]
ADP:U.S. Companies Unexpectedly Cut Payrolls (Update3)
Companies in the U.S. unexpectedly cut payrolls in March, according to data from a private report based on payrolls.
The 23,000 decline was the smallest in two years and followed a revised 24,000 drop the prior month, data from ADP Employer Services showed today. Over the previous six months, ADP’s initial figures have overstated the Labor […]
Job Market So Bad 260 People Applied To Scoop Poop
How bad is the job market?Here’s Mike “Mish” Shedlock of Sitka Pacific with an update:
Want a job scooping poop? 260 people do. They applied for a job opening on Craigslist posted by Guy Palumbo, owner of Roscoe’s Ranch, a 24-kennel outfit.
You want to be the kennel helper? You’re on the hook for the poop. You’ll […]
Gallup: Health care not a top priority for Americans
Consider this just another piece of evidence for Democratic cluelessness in the 111th Congress. While Barack Obama, Nancy Pelosi, and Harry Reid have spent almost a year haggling over a deeply unpopular bill to overhaul the American health-care system, Gallup says voters don’t consider that a top priority. Not surprisingly, that goes to unemployment, and […]
Harry Reid: 36,000 Lost Jobs in February ‘Really Good’
Senate Majority Leader Harry Reid is catching heat for portraying Friday’s labor report showing 36,000 jobs were lost in February as “really good” news.
“Today is a big day in America. Only 36,000 people lost their jobs today, which is really good,” Reid said Friday on the Senate floor.
Republicans drew attention to the remark, which was […]
February 2010 Unemployment Report: Unemployment @ 9.7%, 36,000 Jobs Lost, Unemployment Rate Including Discouraged Workers Rose To 16.8%…
THE EMPLOYMENT SITUATION — FEBRUARY 2010
Nonfarm payroll employment was little changed (-36,000) in February, and the
unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics
reported today. Employment fell in construction and information, while tem-
porary help services added jobs. Severe winter weather in parts of the
country may have affected payroll employment and hours; however, […]
Obama Advisers Predict Unemployment of 8.2% by 2012
The Obama administration projected Thursday that the unemployment rate would fall this year by only a little, if at all, and would remain well over 6 percent until 2015.The forecast was the most closely watched element of the annual Economic Report of the President, a 458-page document outlining the White House’s outlook and policies on […]
Real Unemployment 18% - Is Government Lying to the American People?
How do fish get caught? They open their mouth. How do investors get ensnared or misled? They believe in non-existent phenomenons like a ‘jobless recovery.’Surprising as it is, for nearly a year, investors have shrugged off mounting jobless claims and rising unemployment as an ingredient that is not really required for an economic recovery.
Yesterday’s (2-4-10) […]
Unemployment Rate Declines to 9.7 Percent With 20,000 Jobs Lost (These numbers don’t add up. Somebody is lying to American People)
Employers Reduced Payrolls by 20,000 During January but Labor Department “Undercounting” Raises Doubts About Real Picture of Unemployed.
The nation’s employers reduced their payrolls by 20,000 during January, a government report showed, generating fresh anxiety about a labor market that has yet to catch up with growth in the overall economy.
The reduction was slightly worse than […]
Bad feelings grow about employment report
When the Labor Department released its employment figures for January 2009, it subtracted an astounding 356,000 jobs from the overall count because it felt that small companies were quietly going out of business.
It couldn’t prove this was really happening.
But the department’s computers made that adjustment anyway — and much more optimistic ones over the 11 […]
Jobless Claims Rise Unexpectedly to 480,000
WASHINGTON — The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
(Excerpt) […]
Largest-ever federal payroll to hit 2.15 million employees (The era of big government returned with a vengeance)
The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.
The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government is over” […]
Hope and Change in Action:Record number of young Americans jobless
The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.
Teenagers have found it significantly harder to get a job since the recession began in late 2007, with black youths […]