unemployment

Volatility is the Word for It: First-Time Enemployment Claims Jump to 386,000

Leave a Comment / Uncategorized / By max cyril

First-time unemployment claims jumped to 386,000 from last week’s revised total of 352,000, the Department of Labor reports. Last week, first-time claims were initially reported at 350,000, the lowest since March 2008. However, analysts cautioned that the drop was likely a result, at least in part, of auto manufacturers not shutting down as many plants …

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Your applications go unanswered because ‘job creators’ aren’t really trying to fill job openings

Leave a Comment / unemployment / By max cyril

The business owner’s version of “the dog ate my homework” these days is “we’re not hiring because we can’t find workers with the skills we need.” Various business lobby groups like the National Federation of Independent Business and the National Association of Manufacturers are pushing that line hard, trying to pin continuing high unemployment on …

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CHART: The Federal Reserve Is Failing Its Obligation To Fight Unemployment

Leave a Comment / Uncategorized, unemployment / By max cyril

The Federal Reserve has a dual mandate to maintain low inflation and high employment — a job description that requires a balancing act, as these two goals can be in tension. The Fed has put its inflation target at 2 percent, while 5 percent is generally viewed as the normal unemployment rate when the economy …

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Older Workers Confront Cold New World in Harsh Job Market

Leave a Comment / older workers / By max cyril

Leon Burzynski, president of the labor-backed Alliance for Retired Americans in Wisconsin, is someone who appreciates the steps that Barack Obama has taken to bring the economy back from the brink of disaster. But he remains deeply concerned about the plight of workers aged 50 to 64. These workers—eager to work and too young to …

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First-Ever Trans Senate Witness: ‘To Be Unemployed Is Very Devastating, Demeaning, And Demoralizing’

Older Workers Have Highest Long-Term Jobless Rate

Leave a Comment / age discrimination / By max cyril

Older workers who lose their jobs have the highest rate of long-term unemployment compared to any other age group. In 2011, more than half of jobless workers, ages 50 years and older, were out of work for more than six months. The trend continues this year. Christine Owens, executive director of the National Employment Law …

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Half of College Graduates Under 25 are Unemployed or Underemployed

Leave a Comment / Uncategorized / By max cyril

Recent projections have job prospects improving for 2012’s college graduates. But there’s a lot more room for improvement than we’re likely to see: About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share …

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Why Is the Recovery So Feeble? Ask (Laid-Off) Public-Sector Workers

Leave a Comment / Uncategorized / By max cyril

The slashing of public-sector jobs—concentrated in states Republicans took control in 2010—is accounting for a major slowing of the nation’s economic recovery. In a recent report issued by the Economic Policy Institute (EPI), economist Josh Bivens calculated that the U.S. has lost 584,000 government jobs during the recovery, an “unprecedented drag.” Bivens argues that if America had …

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Initial Unemployment Claims Rise to 380,000

Leave a Comment / Uncategorized / By max cyril

The Department of Labor is reporting that initial claims for unemployment insurance rose to 380,000 last week, an increase of 13,000 over the previous week’s revised figure. The four-week moving average, a measure preferred by many analysts because it smooths out volatility, was 368,500, an increase of 4,250 from the previous week’s revised average of …

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How Long-Term Unemployment Decreases Life Expectancy

Leave a Comment / Uncategorized / By max cyril

The latest data from the Bureau of Labor Statistics shows that more than 40 percent of America’s unemployed have been out of work for six months or more. The Associated Press reported recently that the long-term unemployed are facing increased hiring bias, with employers refusing to take on workers who have been out of work for …

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Volatility is the Word for It: First-Time Enemployment Claims Jump to 386,000

Your applications go unanswered because ‘job creators’ aren’t really trying to fill job openings

CHART: The Federal Reserve Is Failing Its Obligation To Fight Unemployment

First-Ever Trans Senate Witness: ‘To Be Unemployed Is Very Devastating, Demeaning, And Demoralizing’

Older Workers Have Highest Long-Term Jobless Rate

Half of College Graduates Under 25 are Unemployed or Underemployed

Why Is the Recovery So Feeble? Ask (Laid-Off) Public-Sector Workers

Initial Unemployment Claims Rise to 380,000

How Long-Term Unemployment Decreases Life Expectancy

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Madeline Messa